we will be needing to move sooner rather than later, and are just wondering what the housing market is like now?

a similar place down down the street has only just sold after being on the market for fookin ages...

dunno how much its gone for yet either, but was up for 134k 2 bed semi. our has a slightly bigger garden an kitchen iirc

are 2 bed 'starter' houses still selling ok?

if anyone has any onput, that would be great thanks.

 

Go and ask them what they got. Not like it wont be made public soon anyway.
If the property section in my local paper is anything to go by (was 20 pages a year ago, current issue has 4) I'd say very few people are buying or selling right now... Especially with that talk of the Stamp Duty holiday...

 

is that stamp duty thing going to happen tho or just talk like most things?

we will not be buying/selling anytime real soon as we are still unsure wether to or not, what with fuel prices on the up etc...

ps this is not a for sale ad

 

sales side seems dead around here at the moment, but rentals are flying. everyone seems to be waiting to see what happens in the next 12mths..

 

If they wont tell you mate my pal works at the land registry, PM me the address and i'll tell you to the penny

And also, they're seeing loads more reposessions at the minute, not looking good, hope you have better luck.

 

isnt stamp duty on houses over £250000? markets slow these days. you only have to look at the amount of for sale signs you see nowadays and how long they are up for.

 

as said this stamp holiday ( its not scrapping of it,,just late payment type thing,, so ANOTHER loan to pay later on ) means people are gonna wait and see

its not the best time IMO as we are heading for a smash,,,,,, no matter what everyone says

IMO try and stick with it for a little then go from there ( that said im in the process of looking to sell up )

 

Could you not let it? That's what we're doing as we need to move quick and selling would be a definatle loss as we only bought july last year..balls!

 

Fudgey, starter homes are going for feck all now. No new buyers entering the market as no-one can get a mortgage.....

You're going to struggle mate.

 

ive got my 2 bedroom flat up for sale just now and i stay in scotland i had it for sale this time last year and took it off after a week due to no other houses being for sale i liked i had 8 viewers in one week this time around ive had it on for nearly 2 months and how many viewers have i had
wait for it




1
brilliant eh

 

i know someone thats been trying to sell a 1 bed flat in dunfermline, 3 months and not 1 viewing never mind an offer
but then again who the fuck wants to live in fife?

 

well were not in any immediate need to sell, its just that we have really noticed how small the house is now alfie is almost mobile.

i guess we stay here relativly comfortable for another year or so, but if we wanted any more kids, would deffo have to move to a 3 bed.

as for renting, its not really an option, we cant be bothered witht he hassle (both parents have a property that they rent, and get some grief from it)
as we know the boiler needs replaceing soon, and thats going to cost around 3k, so if we rented it, would have to get it done before hand i spose. plus we will probably end up with some pikey cunts moving in and wrecking the joint.

rab, i thought the interest rates had dropped slightly or something and mortages were now becoming a bit more affordable? ie £25 a month cheaper (big fucking deal eh..)

ah i dunno, we seen a house that we really liked, and was in an ideal location a few weeks back but we were told by the estate agent that the sellers were a bit odd. the house was up for offeres over 160k, they had been offered 168k and refused it... then the arse fell out the market and they had recently rejected an offer of 162k - fools. i was going to offer 155k lol as they seemed quite desperate to sell.

anyway, 2 months or so on, the house is off the market and they are still there! (its round the corner lol)

i was all up for putting in a offer, but the wife being sensible suggested we try to live to the budget for a few months before committing.

good decision that was i think

oh well.

anyone want to move to swindon lol?

 

some one who is mental

 

already live here thanks

 

lol, wanna buy a probably smaller house?

 

ummmm....no
give you 50k for it?!

 

GFY! lol

paid 126500 for it

 

I went down to a local new development earlier to price up one of their new 3 bed builds and the women wouldn't let me leave, i told her straight i wanted to wait to see what happens around xmas time then into the start of next year but their 3 bed en-suite, front & rear garden and detached garage is £139k. Up here the houses are on their arse theirs people trying to hang onto a decent value but their in dream world at the minute. A 3 bed semi here average at around £150k but their struggling to sell for £125k and it looks like £30k has fallen of the market here this year alone.

 

we also went to look at a new build.

what a load of fucking shite they are!

about 50 million houses crammed into a smallish area, narrow streets, no parking, dull...

hatefull...

ideally i would like to live about 2 miles from anyone else. but im not a multi millionaire, so that aint gonna happen

 

I'll give you 80k for yours Fudge. lol

 

Stamp duty is presently nothing up to £125K, then 1% from £125k-£250, then 3% from £250K to £500k, then 4% on anything over £500k

Market is worringly dead, prices have come down, buyer ain't buying, sellers aren't reducing.. its a stale mate

The only houses I'm selling are taking bigish drops

ie last couple of weeks:-

Was on for £360K sold for £335K
Was on for £255K sold for £240K
Was on for £170K sold for £151K
Was on for £265 sold for £246K

Housing market is dead purley because of the credit crunch, 100% mortgages have gone so first time buyers need on average 85% loan to value.. in my area this is a approx £25K in deposit to buy a flat.. they just don't have it.. plus the way the markets dropping they are holding off..

Without the first time buyers buying the flats/starter homes the people in those then can't buy the 2bed houses and the they can't buy the three bed etc etc so the chain is not starting and we are all effected in every price range

Other things effecting at the moment:-
HIPs... load of crap
Goverment talking about srapping stamp duty.. cunts
cost of living etc
summer period
No decent mortgage deals


so basically I'm having a hard time of it.. just got to ride the storm as when it turns again it will be very very busy again!

 

Thats not really the problem mate, the problem is that no-one is getting accepted for a mortgage without a massive deposit right now. And the one thing First time buyers are lacking is a huge deposit.

My mrotgage bloke is saying, that now, you need 25k just to get a mortgage. Unlike last year when you could have got one with 5k in the bank And thats just for an average 150k house.

If I was you mate, I'd weather this little storm until 2010 ish, when things will pick up.


But I completely get what you mean about needing a bigger house.

 

Brother and his gf were offered a mortgage of £1500 a month with a 5% deposit couple weeks back.
Couldn't believe it, seems irresponsible to me, that was Nationwide I think.

 

It's only irresponsible if they can't afford it surely? Or is that the point?

I'm just relieved that I got on the property ladder a good few years back... it was a 105% mortgage IIRC!

 

Well no, 5% deposit, if the arse drops out then they're in negative equity.
Thought lenders were asking for high deposits to guard against this.

 

One of the features of the recession of the early 90s was high interest rates which meant that properties were still being sold following repossession. At the moment because interest rates are low nothing is being sold. People are hanging on. Estate agents are really only doing rentals in my area.

A joke: Why don't estate agents stare out of the window in the morning? Because they'd having nothing to do in the afternoon.


Charlie

 

Oh, right sorry, see what you mean.

 

Call me a cunt when we next speak Paul and i'm sure you will! But FUCK ME if your having a hard time now spunking cash on the Monte, Fiesta and other things then I'd love to know how well you do when business is good!

 

Currently got one on the market for £650K, but only offers have been silly, but considering the market, we are seriously considering letting it go at 575.

 

Yeah must be getting on for 250k house at those repayments so easily go into negative equity state of market.
Didn't think you could get 5% deposits anymore

 

we get the local paper and it's about 80 od pages a week
and about half of them are property, but we live in west london so it's going to be a no brainer

i've not seen any such drop in the amount of properties being advertise, but i've seen a slight drop in the amount they are floging

obviously they want to put their best ones in the papers so that they can sell them quicker, but there is a huge glut of 2 bedroom starter homes (mainly because there are about 2000 of them just around the corner that are less than 10 years old, and some of them are still being built) that come with offers of having your deposits paid for, your stamp duty paid for, etc, etc, but when you take that price off the actual main figure, the houses and flats are still way over what i would want to pay for them

about 3 years back a 4 bed detached house in that development was going for £400k, that's new, directly from the people who built it (taylor woodrow) and now, 3 years later, they are struggling to meet those sorts of prices

the key numbers at the moment seem to be 2010, so, a difficult as it may be mate, you need to stick around where you are rather than move

have you thought about extending the house? it's often an easier way to get more space without the hassle of moving if you can afford to get it done

 

fuck me pon,selling an house for so much and you drive an mr2

 

not everyone feels cause they got a few quid tied up in property means then must own a expensive car, that said i dont think its hes alone but i could be wrong as i dont know much about pon