Jump to content
House Price Crash Forum
nordiclad

Unprecedented Number Of Instructions For Jan'

Recommended Posts

I am “feet on the street†still looking for that elusive house in Mid Devon to keep the wife happy.

Late last Dec’ I reported to HPC that EA’s in the area were telling me to come back in Jan’, as they are being instructed to take on an extraordinary number of new instructions, to which many of you replied that “this was normalâ€.

Well, yesterday after visiting 8 EA’s, 7 told me it looks like I could be very lucky, “as they are taking on, and out doing valuations on a record number of properties for Januaryâ€, they had never seen anything like it before.

But one of the EA’s who had sold through the last “crash†said that it was beginning to look like history repeating itself. She had seen this sort of build up before in 1990 and was strangely looking forward to it – reason, she was saying that all the other EA’s in town had “young kids selling†who did not have a clue what was happening or how to handle a “downturnâ€. The only point she wondered about was interest rates now as against back in 1990 and its effect.

At the end of the day, she expected a flat, but busy Q1 with discounting, but after that, get your tin hat out, it could get interesting as it goes down hill.

I am NO economy guru, but I’ll leave that to you guys to pick the bones out of the comments I heard – does it mean anything ??

Share this post


Link to post
Share on other sites

I am starting to see a fair amount of new property coming on in the areas that I monitor:

Bromley

Bexley

etc

A fair few of them seem to be priced realistically and say "no chain". I take this to mean BTL starting to jump quickly.

It is looking good. An interest rate rise or other shock would, I am sure turn sentiment very quickly and cause a stampede.

Fingers crossed.

Share this post


Link to post
Share on other sites

Every year people wait till spring to put properties on the market because more people are looking to buy, EAs tend to put up there prices spring->summer, so sellers are looking for excited buyers...

Everything depends on the number of excited buyers, how busy are the Eas, how many people in there offices?

Edited by moosetea

Share this post


Link to post
Share on other sites

I am starting to see a fair amount of new property coming on in the areas that I monitor:

Bromley

Bexley

etc

A fair few of them seem to be priced realistically and say "no chain". I take this to mean BTL starting to jump quickly.

It is looking good. An interest rate rise or other shock would, I am sure turn sentiment very quickly and cause a stampede.

Fingers crossed.

To me the no chain means "We are desperately selling without any fore thought as to where we go next, back to Mum and Pops for now, whilst we lick our wounds and let you catch a falling knife".

Share this post


Link to post
Share on other sites

Every year people wait till spring to put properties on the market because more people are looking to buy, EAs tend to put up there prices spring->summer, so sellers are looking for excited buyers...

Everything depends on the number of excited buyers, how busy are the Eas, how many people in there offices?

not a soul in any of the EA'a in my town today...and its Market day !!!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.