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House Price Crash Forum

craig12

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About craig12

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  1. my sons looking to buy at the moment ive told him to forget it at the present time, the ea are flogging the typical garbage at em cos theyre young oh its the right time, oh you must act now,,etc etc etc admitidley they do seem to be selling quickly if theyre immaculate, but i fear a big correction is coming i fear for my kids getting conned by e a talk
  2. in the event of a shtf scenario if i have enough money to pay my mortgage off am i better paying it off before the shtf or keep it as a mortgaged property should bank capital controls come in regards craig
  3. Yorkshire building society do one called triple access asaver £1 - 2 million pays around 1.18 after tax passbook based and your allowed 3 or 4 withdrawals a year
  4. i find that offering around 15-20% less usually does the trick
  5. id like to say to all guys and girls on here , please please please, if you cant beat em join em., im with all you people on the subject of house prices being too high , id say 25-30% but if its not altering and youre itching to get on the ladder, then bid hard like i did , sometimes i would offer 25% less than asking price we cant change the housing market and waiting and waiting may not help so my advice is if you see the semis at £120k then bid £90k or the £200k houses bid £160k , but try this ....it works, yes you will have bought in this terrible inflated market but youre the one that holds the cards as a first time buyer i use the rule that i once saw on here , someone once said if you can buy a house at 2004 price then buy it i use the rightmove sold prices , pick out the road then trace a 2004 price and bid close to that regards craig
  6. im with you guys all the way on house prices coming dowwn, i got 17% off my asking price, but heres the deal if nothings going to alter then the norm would be 30-45 yr mortgages, you know youve paid more than you wanted but thats the only way the payments are gunna come down , sorry to be a downer and all that
  7. i always offer 20%less than asking price on what we view,, went to look at a couple the other day one was £124995 in 2009 now on at £118995 a 4.5% drop in 2 yrs by th e.a we offered nearly £100k and heard nothing, although the vendor said were open to offers but never said what figure she was on about, the other one was on at £119k , they wanted a quick sale to pool the money between them, he said ive dropped it from £125k to £119k i may drop it to £115k im not sure, if you twist my arm i could take £110k , we want a quick sale, ...we offered £100k as a ftb with no house to sell, a mortgage in place and a 25% deposit...........heard nothing ........they deserve to stay in the homes and not sell em greedy b.............s
  8. im not sure about house prices guys and gals as im no expert, but i know this my take on it i keep arguing with e.a is this , in the 50s/60s/70s/80s/90s/2000/right up to 2006, the 2.5 joint earnings always bought you a terrace /semi/ with a 10%deposit , now that buys nothing , which tells me the prices are wrong,,,,,,,another thing i say to e.a is,,,,,if the price was right the property would have sold wouldnt, it? on you tube if you believe that sort of thing theres a video series i think its called 1 inflation .com or something like that......properties going for a slittle as $30,000 that were $300,000 due to crime and that sort of thing in california, new builds never been occupied,
  9. that should have been in white not an addition to posters reply
  10. spoke to an assistant today as they rang me to say my offer was rejected, in the conversation i expressed my concern for global slowdown, sub prime misery etc etc.. to which the young girl replied....."I WOULDN,T BELIEVE EVERYTHING YOU READ IN THE PAPERS SIR" what do they teach em at the interview!!!!!!!!!!!!!!
  11. have put a bid in on that at £79000
  12. hi everyone i am also in sheffield looking at property, i am noticing declines especially in the s12/s13 area , seen a 3 bed semi this week ready to move into in s12 area, not an ex council house £99,950
  13. as this is my first post please forgive me if this is covered elsewhere,, could i ask all members please a 2 part question? how much do you think homes are over valued as of today in % terms will we ever see the history as it was , where by there was always a steady streem of first time buyers, you moved in to your first home , kept it and maybe moved up to a semi, then a detatched, 2.5 x joint income would suffice and checked by the lender, i have a carpet shop and although i dont depend on the housing market, i would be 3 x times as busy with a steady /not/ buoyant market...im no expert on the housing market , there will be many members with better answers .. but what i still cant get my head round is this.. as history provides a good clue , ie . 60s,70s,80s,90s,up to 2006 ish there was always the steady climb and the wage ratio to lending was sufficiant with around a 10% deposit to buy your first home, then 2007 came and it all went nuts, vendors making silly amounts of money in a short time, i wondered if longer lending might kick start the market .. ie 30-45 yr mortgages, that would bring the payments down ..
  14. hi my names craig from sheffield, i havent had a mortgage since the divorce, we now have a good deposit but theres no way am i giving it to over priced property developers in sheffield, as a guide we have semis in average areas at around £120k-£160k better areas £180k-£250k ex council houses ranging from around £80k terraced from around £90k in average areas rising to a silly £160k in better areas, i am looking at buying soon as i would like a home instead of our council house , i will always try a cheeky offer on property as i will always stand my corner if a estate agent says im being ridiculous, i have been to view a semi in sheffield which haybrooks have on for £100k / then £100k-£120k ... when i asked haybrooks what the pricing was she said the first price is a price the second two are the guide price the vendor wants to acheive,, when we viewed the house it wanted a kit/bath/ bay window double glazing/ small bed wanted re plastering/ the chap said i want £105k for it i have reduced it from £132k if i offer a bid it will be around £80k and i think its still too dear, if the estate agent asks how i got to that figure i will simply quote, the price the guy wants for it, then take £15k for improving it , then take around 10% fall off for next years house prices.. regards craig
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