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House Price Crash Forum


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Everything posted by Guinness

  1. I went and looked at this one http://www.rightmove.co.uk/property-for-sale/property-28261027.html It was done up nicely with good back garden with quiet location,its now under offer so i will be interested to see what price was paid The people selling seemed really nice so good for them they managed to sell .
  2. I just replied to the title thread cowy, never read the ftb stuff. This however is the state of the market at this level, any property worth its valuation or in some cases above it are still selling, hardly the sign of a slowdown although i for one wish it was the case.Edinburgh is a good place to buy/rent and thats the end of it i'm afraid, Of course prices are overpriced but while you have a small city with a healthy financial and technology sector then things will not drastically change. Prices may tilt a few % either way but no crash is happening here.
  3. 2 friends of mine recently sold. One sold for 750 and the other for 500 so much for no buyers. Both had lovely flats but they were only flats, city centre location and both prices above asking o/o.
  4. Guinness

    All Time High ?

    I know what your saying and was as suprised myself when i heard this. The guy who told me work for land registry and thats how he described it. Maybe busiest this year is relative to rest of the year.
  5. Guinness

    All Time High ?

    Just what i heard ccc, black friday the land registry people were calling it as it was so busy.
  6. Thanks bingobob. I'm going to view 3 on sunday so will try get a feel for the area etc.
  7. Guinness

    All Time High ?

    Last friday was the busiest day of the year for sold properties been settled by Land registry in Edinburgh. It looks like this boom is never going to end
  8. Hi all. Anyone familiar with the Burnside/netherlee area of glasgow ? How is the market for properties in the 250-300k range? I have checked zoopla etc but theres not much recent activity for these areas. What realistic % should one consider knocking off the asking price / value. Thanks
  9. The same are quoting sterling rose against the dollar on hearing this news, yeh for about 5 mins and has dropped as much since then. Markets and pound down on news the economy is in good health !
  10. I'ts nice to hear that the thief's are getting some of their own medicine.
  11. Still, the fear factor might cause a ripple or 2 and from there anything can happen. It will take some hefty job losses and repossessions to really tip it over the edge mind.
  12. " It will also carry out random checks to make sure that valid repayment vehicles as cited on the application are in place" Is this not suppose to be done before you get the loan... idiots.
  13. Crashtastic news especially if it follows suit in the UK.
  14. If this is pursued correctly then its game over for some of these banks. Their greed knows no limits.
  15. There certainly hasn't been one this week
  16. good luck your plan. sticking to your guns is a good strategy, hopefully it will bear fruition.
  17. They should take the loss, greed can make you do stupid things however. I don't know if i am been unrealistic with my "plan" and i admit i don't know the market that well here but if houses are not selling and all the talk is of falling prices, cuts to jobs and not to mention the fact that house prices are overpriced anyway then why not chance your arm ? You should maybe make similar offer ccc if the ones close to yourself are what you are after . Timing will be key if and WHEN prices do begin to fall.
  18. Piss on cuts It will be interesting to see how things develop over the winter especially with properties which have been on since early in the year and have still not sold. You would have to think that prices will drop or at least factor the price drops into your offer (if making one) . My plan is to offer 15-20 below what i consider the value of the property and not the added on made up value which the owner has asked the surveyor to bump the price up by. Buyers have to remember that its time to play hardball, let the sellers squeal for a change.
  19. There's no reason why house prices will not suffer the same fate here as they will in the rest of the country. As the winter progresses i am sure things will get uglier. The housing market is struggling as it is so one can assume it will get worse with cuts still to hit.
  20. Have it revalued and factor in minimun 10% offer below valuation. I would be offering 20% below as a starting point myself Best of luck with it
  21. Thank you to all who replied. I am buying around the 450-500k mark. I have seen a house that was around 450 in Q1 of 2007 but has been totally renovated, have considered offering 465 but the way things look now i may well hold fire. Any suggestions ?
  22. lol funnily enough i have an appointment tomorrow.
  23. Have tried already this week and am not able to post, just moved into new property so maybe that has something to do with it ? Mods ? ? ?
  24. Winter has not even begun and already the signs are there. Job losses, US in trouble, France rebelling, UK in denial and now the markets reacting to all the negativity and thats only the news we are aware of ! You can sound as positive as you like but if you don't truly believe it then its "game over"... this is the beginning of the end. the spending review is irrelevant.
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