General feel of the housing market at the moment?
Discussion
Press reports saying we are headed for another (did we leave the laast one?) period of a "buyer's" market given the uncertainty in the public sector jobs market, continuing variable signals on the economy etc.
What are your experiences of the market of late?
Patroling the sites such as Prime Location for the Lincs/Notts and South Yorkshire areas on a regular basis it looks likle some larger houses ( 500K plus) have stuck firm and many of the pictures of properties are from winter or early spring. Some decent price reductions happening (often 5%+) trying to get a sale. Looks like the ones being taken off the site are not selling but being withdrawn after the HIPS thing went.
Are we in the 'making silly offers' season or has the market firmed up? I noticed 2 houses in our vilage have sold quickly (both well priced sold within days) but those who have held out on the full price haven't had a single viewer. Suggests it is about sensible pricing, not that there are no buyers out there.
What are your experiences of the market of late?
Patroling the sites such as Prime Location for the Lincs/Notts and South Yorkshire areas on a regular basis it looks likle some larger houses ( 500K plus) have stuck firm and many of the pictures of properties are from winter or early spring. Some decent price reductions happening (often 5%+) trying to get a sale. Looks like the ones being taken off the site are not selling but being withdrawn after the HIPS thing went.
Are we in the 'making silly offers' season or has the market firmed up? I noticed 2 houses in our vilage have sold quickly (both well priced sold within days) but those who have held out on the full price haven't had a single viewer. Suggests it is about sensible pricing, not that there are no buyers out there.
Edited by Four Cofffee on Monday 26th July 17:38
There are buyers out there for nice sensibly priced houses in nice areas, at least thats what i have noticed and noticed from june 09 onwards when i was looking.
The good places round here sold quick and the crap over priced stuff is still for sale now. I got in my eyes a real bargain as the seller was desperate to move as he was being relocated, i was a ftb with good deposit and the house although in a nice area and a nice house was inside a total s
thole.
The good places round here sold quick and the crap over priced stuff is still for sale now. I got in my eyes a real bargain as the seller was desperate to move as he was being relocated, i was a ftb with good deposit and the house although in a nice area and a nice house was inside a total s
thole. Near me, the nice stuff is going quick (usually within a couple of weeks of being advertised) and the chaff is hanging about. Much as you would expect really.
On the positive side, some of the chaff would make good projects or would actually be nice if you could see through the 1960's deco and the overgrown gardens so you can probably get it at a good price if you want.
Prices on the decent stuff are holding at about 2007-ish levels it seems. They took a hit but not immense.
On the positive side, some of the chaff would make good projects or would actually be nice if you could see through the 1960's deco and the overgrown gardens so you can probably get it at a good price if you want.
Prices on the decent stuff are holding at about 2007-ish levels it seems. They took a hit but not immense.
Well priced houses round my way are selling pretty fast (within 3 weeks, which is fast considering)
Lots of overpriced tat around though. House opposite me has been on the market for 2 years. And for those 2 years she;s been overpriced and unwilling to budge.
Price it well and it will sell, pretty simple really. Something that some people dont seem to understand.
I think a lot has to do with negative equity in terms of people staying high with their house prices. They cannot afford to sell it for any lower, and don't want to pay the estate agent withdrawl fee's. Effectily putting it on the market forever.
Lots of overpriced tat around though. House opposite me has been on the market for 2 years. And for those 2 years she;s been overpriced and unwilling to budge.
Price it well and it will sell, pretty simple really. Something that some people dont seem to understand.
I think a lot has to do with negative equity in terms of people staying high with their house prices. They cannot afford to sell it for any lower, and don't want to pay the estate agent withdrawl fee's. Effectily putting it on the market forever.
Edited by KenBlocksPants on Tuesday 27th July 14:13
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