when will people start buying again?

confused31_2

bo_drinker wrote: »

Either 1 drop the price if you want to sell or 2 take the board out of the ground. Unless of course you want to look at the board for the next 12 months..... simple.
The fact that you are not in a hurry does not matter 1 hoot to the few buyers who are about.

i havent got a board up, like i say when the house prices that i want to purchase drop i will drop mine in line with theirs. Theres no point in me selling my house with 30,000 pound off and then having to borrow an extra 30,000 pound to by the house i want to move too.
Im also going to leave it up for sale as i dont want the HIP to expire.

As I say im not in a hurry, if in 2 yearstime a FTB comes and buys my house for 80,000 pound, and the houses i was looking at come down to 100,000 pound that will be great for me aswell as the first time buyer.

As i orignally stated in the first post this post is not about selling my house, it about when will first time buyers be back?

Im not trying to make money from my house im trying to move up the ladder, i could afford to lower my house by 70% and i would still not owe more on my mortgage than what i would have in equity in my house.

so i will just chill, there are a lot of people who are desperate to sell, if i would have sold my house i would have gone and viewed houses 30,000 above my budget and then i would have tried to knock them down, but i havent sold so i will have to wait.

People put there hosues on the market and there are fewer buyers out there, but to be honest selling an house does take time.

If i seen a house price dropping every few weeks, i would think their desperate to sell and if i had sold my house i would go and make a silly offer, but thats irrelavent because i havnt sold mine yet.

I say yest but i bet anyone on here i will have sold it within 4 years, for what price i dont know but i bet i will sell it.

confused

confused31_2

sparvar wrote: »

FTB's are scared - Understandably so with the amount of hysteria in the papers over the banks lending out stupid amounts of money so they can rake the nmoney in - although now big brother is back though sure they'll find other things to talk about

It's going to be at least 6 months until the market starts to come back, I've just put mine on the market, not too bothered when I move to be fair but I certainly won't drop the price significantly (put it on for 10% lower than it was worth last christmas anyway) and I think some buyers thinking that prices will half are living in a dream world.

Suppose it's just playing the waiting game now... The only people laughing are landlords!

Have to agree with that, but theres a lot of people in financial difficulty who are desperate to sell, you can see these on right move when they are dropping the price every few weeks.

If like me if i see something dropping in price every week, whether a house or any item, it sends alarm bells ringing that the people are desperate to sell, thats when its time to move in, but its no good if you havent sold your own property.

confused

bo_drinker

In your first post you say you have your house for sale and it has been for 7 months.Are you one of those that do not want a board in the front garden?? When we had a buyer that dropped out we trawled looking at a few and if the seller did not want a sign we did not bother looking.

Davesnave

bo_drinker wrote: »

In your first post you say you have your house for sale and it has been for 7 months.Are you one of those that do not want a board in the front garden?? When we had a buyer that dropped out we trawled looking at a few and if the seller did not want a sign we did not bother looking.

You'd have had a lean time in my area! A by-law prevents agents putting signs up here, and most agents follow a gentleman's agreement not to in other areas nearby.

Personally, I hate the archaic things; they can really disfigure a road. Who needs them nowadays anyway? When I was selling last year in another town, they put up a really daft, tall sign that could be seen over a large hedge. Shortly after, it fell into the front garden....and it stayed there. That's how much I valued it.

lostinrates

FTBs are here, but we ARE trying to buy at the bottom of the market, and who can blame us? As a potential FTB I'm aware that house prices will eventually rise again and the long term doesn't put be off buying, but we want our deposit to have the maximum percentge of the house cost a possible, obviously and the smallest mortgage for that house we can have. Also, we also thing a long recession is likely and the chances of us havig to stay in our first house a good few years is high so DH and I are loing for something we can sit out around ten years in shoul the worst come to the worst, so a typical FTB property is not going to suit us.

Imp

I haven't read the full post, but here goes.

Right now I think a different approach needs to be taken to the housing market. An approach in which peoples' wants and needs are addressed directly rather than putting a monetary value on their wants and needs and trying to obtain that monetary value.

Essentially, people want to buy houses, people want to sell houses.

If I had a house to sell in order to move, I would look at houses and place offers subject to me selling my house. I would get the vendor to do the same and form a chain, but one which anybody can pull out of if they get a better offer.

Once this has been formed, the price of the house at the bottom of the chain would be incrementally reduced on the understanding that all the other houses up and down the chain are reduced by the same amount.

Eventually a buyer will be found and the chain will be complete.

By not focusing on the actual price of each house up and down the chain, but by focusing on the fact everybody wants to move, I think sales could be made and made quickly. I get the impression that the positional barganing and standoffs which follow are stopping this whole housing market from working.

WTF?_2

In the past few years, the buying public have been able to (unwisely) borrow huge sums to buy property.

Now that the lax, irresponsible lending has dried up, prices must fall back to an affordable amount relative to their wages.

3.5x single salary, 2.5x double is historically the standard for mortgage lending. Look for prices to adjust accordingly.

confused31_2

bo_drinker wrote: »

In your first post you say you have your house for sale and it has been for 7 months.Are you one of those that do not want a board in the front garden?? When we had a buyer that dropped out we trawled looking at a few and if the seller did not want a sign we did not bother looking.

^im with stupid^

Thats your choice, personally i know where i want to live and what streets i would like to live in, when im ready i will contact all estate agents in the area and find out what houses are available in the areas i wish to live in.

I will also look in the usual places like right move, i havnt gone on any mailing lists as i havnt sold my house and i am not really in a rush too.

Whether there is a sign or not i would still view, from a personal point of view, why wouldnt you view a house without a board?

I think that is a ridiculous statement, you would let your dream home pass you buy, because it hasnt got a for sale sign erected in the front garden.:D

and i thought i was confused

confused

bo_drinker

Still not answering question. Are you For sale but no board in the ground then ??

confused31_2

look at the top, i have got my house for sale and i havnt got a board up.

confused