Originally Posted by
RWD_cossie_wil
I agree, BUT..
There were a LOT of documented cases last year of property selling well over its asking price, especially in london, and my mate and his mrs put thier ex-council 2 bed on the market last september, was sold for 7k OVER the asking price the next day..... they had over 15 offers in a day!!!
Just shows (IMHO) that the market is slowing big time...I was going to buy last year, but decided to wait a while and bought an escos instead
,might have paid off if it does sink a bit
..
As I said, it's great for all us first time buyers as it was stupid last year, shoe-box properties were fetching a fortune in decent areas.
Ok... I live in Kingshurst in Brum, not the greatest of areas but I live in the better part.
Where I live there is a row of about 10-12 houses, big pay windows semi types on decent plots of land, 3 beds and garages. Mostly extended all with driveways for 2 cars min.
Its opposite a school, church, near a local shopping preinct and has 3 or 4 excellent bus routes.
The houses in the block of 12 do not come up for sale often- the last one ( next door ) was sold 24mths ago for £155k- the guy got it before it even hit the press and there were 6 other people in line for it he was just first.
The house 2 doors up from him went up for sale 3 months ago... it sold last week.... £150k....
The difference, price and time scale of purchase and amount of people interested.....
Having said that the house I am off to look at I am doing a double viewing with some one else lol
J