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Are There Still any FTB's out there??
nicksta27
Posts: 216 Forumite
My house has been on the market for just over a week now (not long I know).
We have had plenty of viewings, but not 1 single first time buyer! Are there any still out there buying at the moment?
We are priced just under the stamp duty level £125,000.
How are other sellers getting on?
We have had plenty of viewings, but not 1 single first time buyer! Are there any still out there buying at the moment?
We are priced just under the stamp duty level £125,000.
How are other sellers getting on?
0
Comments
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no... 1st time buyers got pushed out of the market a long time ago.0
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if there are they should be sitting and waiting for the right moment - which is not now!0
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btw how much did you purchase your house for OP?0
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Yea that's what I thought!
Most of the viewings we have had are from people downsizing!0 -
Yes the first time buyers are "out there", but we are waiting with big deposits and waiting for your house to be worth 50% less than it is now :-)0
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And as a FTBer i wouldnt dream of buying a house until my monthly mortgage repayments were below 400-500 pound a month. Something they are not at the moment. As interest rates are pushed up so do the monthly rates.
I'm guessing i'll be waiting a good 2 years from now... not going to put my life on hold.. getting married and thinking about kids etc.. but i wont be buying a house just for that reason... not an onverpriced one.
Your house is prob worth 70-80k post crash maybe less.
*Hugs and Kisses* Neas :P0 -
The only people I've seen buying are landlords.0
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Yes there are, I just sold my place to a ftb for the asking price. i did price it to sell and they were the first to view.--- Fat club weight loss -- Started 10th April 2015
Update: 28.4.15 - 8lbs0 -
johnny_storm wrote: »Yes the first time buyers are "out there", but we are waiting with big deposits and waiting for your house to be worth 50% less than it is now :-)
I hope it doesn't crash to 50% less as I brought it for £97,000 4 years ago and would be in real trouble!
I wish I had brought just a couple of years earlier when they were about £60,000!
I would be prepared to reduce my price, but the problem is that the houses I am looking at buying will not reduce theirs - therefore we are stuck!0
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