Gazundering

[BANGKOK RED]

When I sold my house the buyers fucked about something chronic. At on point they even wanted to decorate it before even buying it, with me still paying the mortgage, of course I said no.

At one point, when things where looking as though they would finally go through (After 5 fucking months), they decided that they wanted to have it surveyed AGAIN just incase the previous 2 surveys missed anything.

It was then that I said FUCK YOU and informed the estate agent to put the house back on the market......... the buyers completed the following week!

[Arriba]

best time to buy is now surely arriba ?

not if prices continue to fall it isn't.massive gamble imo at the moment.

[Arriba]

anyone buying or seling now is insane imo

True, except for those people:
- Who have to move due to work
- Have to move due to not being able to pay the mortgage
- Who are selling high and buying low
- Who are buying repossessions at a knock down price
- Who are freeing up capital by downsizing at a good price
- Who are selling at a high price in order to invest some capital, rent and hope to buy later once the market dips to its lowest point
- Who will be saving money by moving
- Who will have a better quality of life after the move
- Who are not affected by the media induced housing market crisis

NMH

fuck me could you have dressed it up any more?are you an estate agent?
just because someone has to move doesn't mean they are getting a good deal does it?
some of your points are valid but some not at all imo. someone has to move because they cannot pay the mortgage aint gonna be a bundle of laughs are they?
and who will be lucky enough to be selling high and buying low at the moment?
as for the media inducing it?what the fuck!?

[BANGKOK RED]

This is a very angsty forum today innit!

[Arriba]

what does angsty mean.anxious aint it?
house buying and selling is stressfull at the best of times.at the moment its desperate.builders getting laid off.mortage borrowing at an all time low.mortgage brokers losing jobs.sellers stuggling to sell.buyers worried if the house they want could lose value in the furure.
i feel for anyone who's effected by the above at the moment.and i hope it picks up for all concerned

[janaage]

Of course the media have to take a certain proportion of blame, as do estate agents, who seem to pluck these house price figures out of the sky at times.

The media need to be more strictly controlled on all things financial, too many journalists are writing articles, using their opinion, and people read them as fact.  

Northern Rock was a prime example of this.  After the media had whipped it up into a frenxy I went to an estate to enquire about a house, they asked me who my mortgage is currently with

"Northern Rock" I replied

"Oooh, oh dear" said the estate agent, whilst pulling a slightly worried face

"What's the matter with that I asked, there's absolutely no need to worry about NR"

"Oh no I know that, it's fine"

The point here is I know what's going on at the moment, if I was a worried old man or woman and someone who I'd expect to be professional says something like that I'd be worried.

[Gazza's Fat Mate]

I was overjoyed when NR went busted my morgae was with them and I thought brilliant now if I stop paying who cares however once I understood abit more I still didn't care. My fixed rate deal ran out I went to an advisor and got a simlar deal where is the problem.

The problem with the housing market is that people have over streacthed themselves. If you have a modest income them you will have a modest house but no all these flash cunts have to have abig house, big car, flat screen telly all brought with creidt which they can't afford it when things get less than perfect. We are not all footballers and as such not all our house will be on MTV. Also if you look closly at the stats house prices are still a little up and over the last 25 years house prices have remined pretty constant taking into account inflation etc. My view is that it seems that prices go up then they go down then up, then down and quite why people thing great my hosue has gone up in vaule I'm rich I'll never know your not rich unless you realse the equity!!!!!! :fu:

The basic makret priciple of supply and demand who ensure that house prices don't crash because put simply thier are loads of people who want to buy but not that many houe and in the current climate not many house buildeers are gonna commit to building thus putting more demand on housing stock so the problem will be self resolving one the banks clam down and get over thier fuck up! give it 18 months and I hope things will go back to normal.

[juddie]

My gut feeling was to them to jog on, and after careful consideration, I'm even more determined to tell them to f*ck off. They've already got my house at a decent price and the reason the sale has taken so long already is because they've taken so long to get a mortgage.

However, It is feasible the estate agents (at least they're finally earning their money) might be able to knock 2k off the whole chain, and if that's the case then I'll accept that as a make weight. The house I'm buying is a good invetment, cos it's in our town centre and they hold their value really well.

Just shitty timing and more hassle. I hate speaking to solicitors and estate agents and after thinking the deal was almost done, I've had to spend two days talking to them.

Thanks for your advice guys and gals, this is only my second house so bit new to this game. My first buy was easy, I was a first-time buyer and there was no chain!

Let battle commence!

[Ralphy]

My parents are in talks at the moment with the estate agent and a local building company about selling their property.

The saving grace is their house has alot of land and the building company are very interested in developing on it so their getting a very good price indeed.

I wouldn't want to be selling or buying at the minute though.

[pumbaa]

Its a very depressed market right now. The biggest single problem is that first time buyers are effectively being priced out of the market due to mortgage companies requiring substantially larger deposits than previously. Its not so bad if you have some equity released from your existing property, but if your faced with needing to find 10 to 20k deposit as a FTB, no wonder no fucker's buying!

More so, mortgage products are changing daily, rates are currently ABOVE the Bank of England Base Rate (generally) despite the base rate being cut recently, and mortgage arrangement fees are increasing exponentially (most are about 500 to 1000 quid, dependent on lender).

I'm only moving as I'm relocating for work, otherwise I wouldn't be anywhere near the market right now.

[Nomoreheroes]

anyone buying or seling now is insane imo

True, except for those people:
- Who have to move due to work
- Have to move due to not being able to pay the mortgage
- Who are selling high and buying low
- Who are buying repossessions at a knock down price
- Who are freeing up capital by downsizing at a good price
- Who are selling at a high price in order to invest some capital, rent and hope to buy later once the market dips to its lowest point
- Who will be saving money by moving
- Who will have a better quality of life after the move
- Who are not affected by the media induced housing market crisis

NMH

fuck me could you have dressed it up any more?are you an estate agent?
just because someone has to move doesn't mean they are getting a good deal does it?
some of your points are valid but some not at all imo. someone has to move because they cannot pay the mortgage aint gonna be a bundle of laughs are they?
and who will be lucky enough to be selling high and buying low at the moment?
as for the media inducing it?what the fuck!?

Didn't say its a barrel of laughs. Better to move on your own terms rather than lose everything.

If you've noticed the media are making a bit deal over this credit crunch and the potential of people having negative equity. If every other news story is gloom and doom about the house market then people get scared. Just like they did with Northern Rock and what was the result of that ? Mass panic with people trying to withdraw their money.

Anyway, I exchanged on my house sale today for a price I was happy with so I'm alright Jack!  

NMH

[Don Rogers Shop]

3,775 mortgage products available on the market now july last year there was 15,599 .

This shows how hard it is

[Sussex]

There's no way we'd have got ours if we applied now, got in just in time a few months ago. Got 21 months left on fixed rate so will worry about it nearer the time.

Head --------------> Sand

[Samdy Gray]

Head --------------> Sand

That's my outlook at the moment as well. Not looking forward to next March.

[janaage]

I remortgage this Sept, oh well lucky we have a bit in savings to pay any mortgage fees etc.  Also on a lot more money than I was 3 years ago so not really affected by a slight increase in monthly payment.