user not found Posted March 24, 2020 Share Posted March 24, 2020 So non essential businesses have to shut shops but can trade online. I wonder if EAs will realise their high street offices are pointless and move to online only once all this is over? What impact will this have on new listings/sales? Can EAs still go to a property for valuation and photos/measure up? Will they still do viewings? Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 24, 2020 Share Posted March 24, 2020 Who's actually going to be house hunting or selling currently? Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 24, 2020 Share Posted March 24, 2020 53 minutes ago, Si1 said: Who's actually going to be house hunting or selling currently? No-one. We are now in exceptional circumstance for ~ 3 months. God know how thatll affect peoples behaviour going forward. Id also guess that UKGOV will be leaning on banks lending money to busines rather than housing speculation. And I expect the UKGOV economy to tank, GOV to spray money, then inflation kick off, then interest rates up. Id not want to be overleveraged or have more housing exposure beyond OO at the mo. Quote Link to comment Share on other sites More sharing options...
Longtermrenter Posted March 24, 2020 Share Posted March 24, 2020 Started viewing houses in the last few weeks - definitely waiting now to see where prices go. met an agent a couple of weeks back who, although still full of ********, was a really nice guy. He genuinely seemed to not have thought about the impact of Covid-19. He rang me yesterday, still in office, not open to public, and said they were sitting further apart. I told him that I knew he needed to earn but that EAs are not key worker businesses and he and his colleagues should lobby their boss to reduce their risk. Told me it was a great time to buy and Mortgage rates were never better. I pointed out there was a house I had seen on Friday, 3 bed 1930's Semi in Rye, East Sussex, that dropped from £325k to £220k in one day - not surprisingly SSTC, Massive garden, still expensive but a great price for the area. I could almost hear him swallow on the other end of the line: 'Oh, that really is a big drop' Wished him well, told him to stay safe and said I would wait for a few months to see where prices are. Quote Link to comment Share on other sites More sharing options...
user not found Posted March 24, 2020 Author Share Posted March 24, 2020 2 hours ago, Si1 said: Who's actually going to be house hunting or selling currently? me for a start! there will be landlords who need to sell up and get out of the BTL game .... they'll be ripping buyers hands off. forced sales (estates, divorce etc) ditto - they wont want to hang around in this climate. Quote Link to comment Share on other sites More sharing options...
winkie Posted March 24, 2020 Share Posted March 24, 2020 House hunting is nonessential.....we have been told strangers not to be going in and out of each others homes....told to stay living in the home we are living in now.? Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted March 24, 2020 Share Posted March 24, 2020 1 hour ago, Longtermrenter said: Started viewing houses in the last few weeks - definitely waiting now to see where prices go. met an agent a couple of weeks back who, although still full of ********, was a really nice guy. He genuinely seemed to not have thought about the impact of Covid-19. He rang me yesterday, still in office, not open to public, and said they were sitting further apart. I told him that I knew he needed to earn but that EAs are not key worker businesses and he and his colleagues should lobby their boss to reduce their risk. Told me it was a great time to buy and Mortgage rates were never better. I pointed out there was a house I had seen on Friday, 3 bed 1930's Semi in Rye, East Sussex, that dropped from £325k to £220k in one day - not surprisingly SSTC, Massive garden, still expensive but a great price for the area. I could almost hear him swallow on the other end of the line: 'Oh, that really is a big drop' Wished him well, told him to stay safe and said I would wait for a few months to see where prices are. Do you have a link to that house? Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted March 24, 2020 Share Posted March 24, 2020 3 hours ago, Si1 said: Who's actually going to be house hunting or selling currently? I know an ex BTLr who has spent the last 8 months very slowly doing up his BTL himself to save paying someone else to do it. Went on the market last week. I will have to ask him how the viewings are going. Quote Link to comment Share on other sites More sharing options...
Wayward Posted March 24, 2020 Share Posted March 24, 2020 35 minutes ago, Confusion of VIs said: I know an ex BTLr who has spent the last 8 months very slowly doing up his BTL himself to save paying someone else to do it. Went on the market last week. I will have to ask him how the viewings are going. plus -How many months rent income forgone ? Quote Link to comment Share on other sites More sharing options...
mrtickle Posted March 24, 2020 Share Posted March 24, 2020 1 hour ago, Sausage said: me for a start! there will be landlords who need to sell up and get out of the BTL game .... they'll be ripping buyers hands off. forced sales (estates, divorce etc) ditto - they wont want to hang around in this climate. Well, leaving aside the fact that you should not be leaving the house, it is you who should be ripping their financial hands/arms/torsos off Quote Link to comment Share on other sites More sharing options...
dougless Posted March 24, 2020 Share Posted March 24, 2020 (edited) 1 hour ago, Confusion of VIs said: I know an ex BTLr who has spent the last 8 months very slowly doing up his BTL himself to save paying someone else to do it. Went on the market last week. I will have to ask him how the viewings are going. I imagine quite a few of us here would enjoy listening to that conversation. Edited March 24, 2020 by dougless Quote Link to comment Share on other sites More sharing options...
user not found Posted March 24, 2020 Author Share Posted March 24, 2020 (edited) 1 hour ago, mrtickle said: Well, leaving aside the fact that you should not be leaving the house, it is you who should be ripping their financial hands/arms/torsos off My daily exercise (bike ride) takes me past the house I want to view. Plus EAs do face time viewings. And if my landlord starts eviction proceedings, I'll need to secure a home for my wife and kids... I consider that an essential reason to leave the house. Edited March 24, 2020 by Sausage Quote Link to comment Share on other sites More sharing options...
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