Me and my family are on the bottom step of the ladder just outside Bury, Greater Manchester. We have just sold our property for 8% under valuation on a terraced house last week to first time buyers who have already paid for the survey. We will lose a little bit of money from this deal but will still take our 10% that we worked hard for and put in originally so we are happy to let it go. After reading a few threads, I am beginning to wonder if it is all a little bit to late! We are looking at a sale date of around mid/late September 08. I've read that most people are expecting huge falls soon.. But how soon? Anyone guess at a timeframe? As it seems everyone thinks that house prices are going to continue to drop, would most people think there will be a gradual decline over the next few years or are we heading to a cliff face and a sudden drop is to be expected? Thanks for any opinions and I will be staying glued to these boards for a long time to come!
