UK property (houses)

[czechmate]

we've had a couple of houses (first time buyer type) for sale since spring with next to no interest. My daughter has, for a similar period, had her first time house for sale. She has finally received an offer - less than she paid for the place 14 years ago, but nonetheless she is leaning to accept it as 1) she could rather do with the money 2) is concerned by something of a trend with people she knows. That is, they have their homes up for sale with the intention (if they sell) of moving into rentals to ride out the coming storm, then buy a better place with the cash when things stabilise.
Is this widespread?
What happened to "safe as houses"?
Only got wind of this as she was asking my advice but in the current climate i have no idea - other than she should maybe grab the offer in hand (poultry as it is!)

 

[bobk]

Houses selling like hot cakes here , even the over priced ones .

 

[czechmate]

Houses selling like hot cakes here , even the over priced ones .

Well our current experience makes me wonder what all this “housing crisis” is about ?

 

[Billboy1]

Surprised the house hasn’t gained in value over 14 years !

 

[Pivo]

Location, location, location

 

[Bootneck]

Prices going to drop by 30 % according to carney

 

[br jones]

Paid too much too start with,house round here if sensibly priced sell in weeks

 

[bobk]

Location, location, location

Your right , it's everything now .

 

[czechmate]

Your right , it's everything now .

Uppinham in Rutland is hardly a bad location.

 

[bobk]

Uppinham in Rutland is hardly a bad location.

There's only one reason properties don't sell .... the price .

 

[Henarar]

way overvalued anyway after all they are only bricks and mortar

 

[czechmate]

There's only one reason properties don't sell .... the price .

Yep, when I bought my first house 81k would have seemed a lot

 

[bobk]

Yep, when I bought my first house 81k would have seemed a lot

They are worth what someone is willing to pay . sentiment doesn't come in to it .

 

[czechmate]

They are worth what someone is willing to pay . sentiment doesn't come in to it .

I agree. I don’t know where I brought sentiment into it. And the new reality would appear to be that “what someone is willing to pay” is currently falling like a stone. C’est la vie but I am thinking that my daughter will accept the offer in the morning (30% less than offered a year ago)

 

[glasshouse]

Young folk or anyone not a banker cant get a mortgage, thats why houses are sticky.
They are grossly overvalued and due for a clanger.

 

[bobk]

I agree. I don’t know where I brought sentiment into it. And the new reality would appear to be that “what someone is willing to pay” is currently falling like a stone. C’est la vie but I am thinking that my daughter will accept the offer in the morning (30% less than offered a year ago)

Thought your daughter was about 18 .

 

[czechmate]

Young folk or anyone not a banker cant get a mortgage, thats why houses are sticky.
They are grossly overvalued and due for a clanger.

This, I think. And plenty of others too by the sound of it which of course is only fuelling the down turn

 

[czechmate]

Thought your daughter was about 18 .

No flies on you Howard, although she is 19. I have two.

 

[rob1]

houses round here arent on the market very long, of course if they are over priced then they take a long time

 

[czechmate]

houses round here arent on the market very long, of course if they are over priced then they take a long time

Any moron can give stuff away.