Selling a house quickly

guppy

IanRR wrote: »

In the last "slump", house prices dropped by 3.7%. Thats not to say that some areas did not fall by 20% or more. But the average was 3.7%.

Not sure where you've got that average figure from but it differs significantly from my experience of house prices. For a start, the Nationwide index shows an average drop of 17.48% between Q2 1989 and Q2 1994.

The same period for Greater London is an average 28.62% drop and for the Outer South East 30.97%

This can be checked at http://www.nationwide.co.uk/hpi/

Was Soton immune to the last crash?

IanRR

guppy wrote: »

Not sure where you've got that average figure from but it differs significantly from my experience of house prices. For a start, the Nationwide index shows an average drop of 17.48% between Q2 1989 and Q2 1994.

The same period for Greater London is an average 28.62% drop and for the Outer South East 30.97%

This can be checked at http://www.nationwide.co.uk/hpi/

Was Soton immune to the last crash?

Certainly not. It dropped about 20%, for a short while. But some areas actually went up at that time, giving an average of 3.7%. This is the official government figure! We are bombarded with figures every day, the Nationwides always being the most dramatic, to grab the publicity. No science applied to them at all. Imagine, just make your figures the most dramatic, and the newspapers will splash your name all over them, free of charge. Very clever marketing, I call it... I use the same no science ethics. I use my eyes and ears, in the real world. Apart from nearly all new builds, which have always been dramatically over priced, and Northern Ireland (which has a lot more remaining problems, that we are not told about), there have been absolutely no falls at all, this time round. Its just that our perceptions are being played with. I would refer you to my earlier comments about Alan Sugar and The Duke of Westminster, not dashing out to sell their property. Why wouldnt these incredibly rich and intelligent people do so? Simple. They know the truth about property. It always rises over time. This is without doubt, the best time in years to buy property. People have a perception that it is going to fall. So they sell.... Great news for the experts who really understand what is going on! The only reason that I want to share this, is because I hate to see people being ripped off by the rich. The people on this site, are here to save themselves money. I just hope that they will listen, instead of listening to the rubbish printed in the papers. Bad news always sells your product best. Just ask the Nationwide......

dopester

IanRR wrote: »

Certainly not. It dropped about 20%, for a short while. But some areas actually went up at that time, giving an average of 3.7%. This is the official government figure!

We are bombarded with figures every day, the Nationwides always being the most dramatic, to grab the publicity. No science applied to them at all.

Imagine, just make your figures the most dramatic, and the newspapers will splash your name all over them, free of charge. Very clever marketing, I call it... I use the same no science ethics. I use my eyes and ears, in the real world.

Apart from nearly all new builds, which have always been dramatically over priced, and Northern Ireland (which has a lot more remaining problems, that we are not told about), there have been absolutely no falls at all, this time round.

Its just that our perceptions are being played with. I would refer you to my earlier comments about Alan Sugar and The Duke of Westminster, not dashing out to sell their property. Why wouldnt these incredibly rich and intelligent people do so? Simple. They know the truth about property. It always rises over time.

This is without doubt, the best time in years to buy property. People have a perception that it is going to fall. So they sell.... Great news for the experts who really understand what is going on!

The only reason that I want to share this, is because I hate to see people being ripped off by the rich. The people on this site, are here to save themselves money. I just hope that they will listen, instead of listening to the rubbish printed in the papers. Bad news always sells your product best. Just ask the Nationwide......

There you go - it is readable now with paragraphs.

However it is full of dreamy wishful thinking miladdo.

IanRR

dopester wrote: »

There you go - it is readable now with paragraphs.

However it is full of dreamy wishful thinking miladdo.

Thanks very much for the English lesson. I am useless at English, but much better at mathematics! Which is why I will continue to make a lot more money than the dopes on here, who think that The Sun is a great reference point! I am trying to have a serious debate about money, and the fantastic opportunities that the current economic climbate offers people. Unfortunately, some others just want to join in with the doom mongers, and have a debate about the English language.... Each to his own, I guess.... but I know who will end up richer!

Zelie

IanRR wrote: »

Thanks very much for the English lesson. I am useless at English, but much better at mathematics! Which is why I will continue to make a lot more money than the dopes on here, who think that The Sun is a great reference point! I am trying to have a serious debate about money, and the fantastic opportunities that the current economic climbate offers people. Unfortunately, some others just want to join in with the doom mongers, and have a debate about the English language.... Each to his own, I guess.... but I know who will end up richer!

Yes, I'll second that. Thanks dopester. It was practically unreadable before. I hate it when people post long garbled screeds and then whine when nobody can be bothered trawling through the dross for whichever 'gem' of wisdom was therein.

terryven

IanRR do you still have this book? If so why do you still need it. Can you throw it my way???

Thanks

guppy

IanRR wrote: »

Certainly not. It dropped about 20%, for a short while. But some areas actually went up at that time, giving an average of 3.7%. This is the official government figure!

Please advise where I can find this official government figure.

Personally I don't consider the fall between 1989-1994 a short while...especially given how long it took for prices to recover. I'm open to hard evidence though...:)

bubblesmoney

IanRR wrote: »

Why would anyone want to sell a property? The minute you do that, you hand over every penny of its future growth potential to someone else!

Is anyone seriously suggesting that it wont be worth at least double its current value, in 10 years time? That being the case, spend 4 grand on it now, and rent it out for 10 years.... Take out as much equity as you can now, and keep doing that, for the rest of your life. Its like having a money tree, at the end of the garden. But the minute you sell it, you chop down your money tree, to sell it for firewood. Do you want to own an orchard, or a bitof firewood money???

Please think about this.................

just today analysts at one of the worlds leading firms have said worse is to come. see quote and link

analyst at Merrill Lynch said: "[Compared] with the 1990 correction... it looks significantly worse, with house prices falling faster and further and very little recovery in real terms expected over 20 years."
He added: "House prices are expected to be below their August 2007 peak in a further 10 years' time."

i guess according to you, u can analyse better and do bigger deals than analysts at Merrill Lynch ??? maybe u could lend the analysts at Merrill Lynch the book u keep mentioning. probably they would learn a couple of things in analysing property markets what say ? : )

IanRR

OK, last post, and then I am going.

I came on, to give you an expert opinion and to save you money. But if you prefer to keep sniping, you go your way, and I will go mine. I have developed a system, which allows me a lifestyle, which most people can only dream of. It is bullet proof, but only once you KNOW what you are doing. I started off as a complete amateur. I made money, almost by accident (which is what anyone who has owned property, has done).

I then read the book, that I have referred to. Here is the link, if you are open minded enough to spend 20 quid, to learn from an absolute expert- www.andysbook.com Then I started to REALLY understand. Then I got rich. It wasnt because I was clever. It wasnt because I wanted to take 3-4 cruises a year. It was because I had learned everything an expert could teach me. That same expert, is available to everyone here. Up to you...

But let me just ask you this, before I leave you to decide whether to be open minded, or listen to the doom mongers..... Do you think that the analysts at Merrill Lynch are any good? They have just about managed to close Merrill Lynch down. Great analysts, eh? If they were any good, they would have analysed the markets a lot better, and recommended actions to avoid the mayhem they now find themselves in.

Do you really think that we are in the middle of a meltdown? Or is it a blip? We live on an island. Its an island where we already have insufficient housing for our needs. We are building around 100 houses a day, less than we need, for the population growth. Persimmon sent 1100 workers home today, because they cannot sell their over priced new build homes, and lenders and purchasers, have finally woken up to the fact that they are 30% dearer than they should be. So our housing shortage is getting worse by the day. What does a shortage of anything do to its price?

What are the 3 essentials of life (apart from water and air!)? Oil (for power needs), food, and HOUSING!

Which is the only one of the 3, that has stopped rising, for now?

So what do you think will happen, soon?

I predict a far bigger housing bubble, than we have ever seen before. We will laugh at how cheap property was in 2008. Do you remember 1990? My house was worth about a quarter of todays value. But prices were going to crash! Oh yeah, they did... Some crash. It took forever for them to recover, didnt it? A mere 18 years on, and it is worth 4 times as much. But IF I had listened to popular opinion then, I would have sold up, and taken my money, and lived in a tent. The same thing is happening now.....

The unwise will keep listening to your "popular" opinions. It somehow makes them comfortable....

Everything that I have mentioned in my posts, is available to you. I forget all the precise reference points, but have a good search on hm.gov sites, it is all there for you. Even there, you will find a very conservative estimate, that house prices will rise at 7.5% per annum, until 2020. Now, if they are predicting that, and they are not rising at the moment (even though they are still not falling, unless you listen to the Nationwide!), just imagine where they will be heading next!

Some of you, may own one house. A few of you, may own 2 or 3. I am not going to tell you how many I own. But, I will own a great deal more, by the end of this tiny blip. Am I bothered by this crisis? You guess! And if I am not bothered, why on earth not?

I have no vested interest in the book. I have never even met, or talked to, the guy who wrote it. But he really understands the subject. Thanks to Andy Shaw, I have more money than I ever dreamed of. I was a bus driver once, earning a living, and struggling to make ends meet. I still dont spend my money on many self indulgent things. I live in a 3 bed semi, and drive an 8 year old car, with 275000 on the clock. None of my neighbours have a clue about what I do. But I guess they do wonder why I am always away from home! Last week, I bought a house in Doncaster, that I have never even seen.

Oh, and my bank managers make appointments to see me, at my house!
What I can assure you all, is that I know what I am doing. My little business is entirely bullet proof. I know, because I always play very safe in what I do. No idle speculation. No risk taking. If house prices did drop by 95%, I would have no problems at all. I would still buy them!

If you can remember nothing else. Remember this.... 3 ESSENTIALS. Oil, Food, and Housing. And if you are still struggling, remember what your Dad told you..... "If you ever get any money, put it into bricks and mortar"

"SAFE AS HOUSES, MY SON!!!!!!"

They keep predicting armageddon in the housing markets, but it just aint happening. New build flats, and Northern Ireland should be avoided though. Use the senses that you have been given. Go on a property website. Are the houses and flats worth less now, than 10 years ago? 5 years ago? OK, last month? NO! But its going to happen, isnt it? If you believe it, then sell up, and move to Bulgaria. But dont try coming back in ten years time. You wont be able to afford to.... 1990 all over again.

Its been fun folks. I will return to read any responses, but I dont enjoy the snipes, from a few of you. If just one person decides to take my advice, and gets to retire financially free, then I will have felt it worthwhile. To the rest of you, GOOD LUCK.

DONT WAIT TO BUY PROPERTY, BUY PROPERTY, AND WAIT. Remember who told you this, in 20 years time. You will either still be dangling over the pit of doom, or enjoying life. Make a note of todays date, and the average price of a 3 bed semi. Take a look again in 20 years..... Make your choice folks......... and be happy with that decision! But dont keep knocking an expert, who cant punctuate, but has made more money, and continues to make more money, every year, than most people earn in several lifetimes. Thats not a boast, or arrogance, by the way. If you met me, you would probably call me a nice, unassuming bloke! As I said before, its all about perceptions.......

Night-owl_6

ellielou wrote: »

Hi

My partner and I are moving extending my property so he can move into mine. After the extension is finished we want his to be gone............. sold!

He bought it from his mum & dad several years ago & has basically done nothing to it since - it's slightly dated - green bathroom suite, old fashioned fitted wardrobes & kitchen with a dreaded serving hatch through to the dining room. However, it does have a fantastic garden, not overlooked & a lovely paved drive, with parking for around 3 or 4 cars.

His next door neighbours went up for sale a month ago for £165k & looking at the pictures it's as old fashioned as his, but they're not after a quick sale.

The estate agent has said he has almost 700 properties on the market in the the area & the older houses aren't selling too well due to the number of new properties being built. We're not desperate to sell as we can afford both mortgages but it would just make life so much easier if we can get rid sooner rather than later.

We were considering selling it at auction but we don't have any experience or knowledge of the process to know if this is going to be a good or bad option. So any advice would be greatly appreciated.

It's a 3 bedroom semi with garage in the NW, I forgot to mention that earlier.

Many thanks for reading x

Dear OP

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Night-Owl