First time buyers (1 Viewer)

[Marty]

I'm currently looking at properties (as a first time buyer) and have to say, what the hell are some people thinking when they set a price? I can understand some people adding 5-10k to a price so when they receive an offer they are still getting a fair price, but some houses I've seen have been 50k+ overpriced. What are they thinking?

Anyway, think I've found a nice place and seriously considering it.

 

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[stupot07]

That's the housing market....completely over inflated even in these economic circumstances

 

[Grendel]

If you type in the postcode of the house you are considering to buy on google there are sites that show what prices houses have actually fetched then you'll know either way.

 

[CovKingChris]

In France, there are some quality properties up for sale all over the country at some dead cheap properties. I'll be buying over there in the next year as a renovation project, but while looking I saw some amazing properties that actually made me consider moving over there permanently.

That's if you're willing to move to France. Just saying.

 

[Marty]

If you type in the postcode of the house you are considering to buy on google there are sites that show what prices houses have actually fetched then you'll know either way.

That is a useful tool but doesn't take into account house condition or personal circumstances. Some places are so overpriced I'd be surprised if they had a 'viewing'

 

[Marty]

In France, there are some quality properties up for sale all over the country at some dead cheap properties. I'll be buying over there in the next year as a renovation project, but while looking I saw some amazing properties that actually made me consider moving over there permanently.

That's if you're willing to move to France. Just saying.

Never considered it are you doing it as a business project?

 

[CovKingChris]

Never considered it are you doing it as a business project?

Yes but I'm still doing some research. Hopefully I can make a good buck from it.

 

[Otis]

When I saw the thread title I thought it was about a takeover and you were hoping for someone with lots of money who had never bought anything before. :facepalm:

 

[stupot07]

That is a useful tool but doesn't take into account house condition or personal circumstances. Some places are so overpriced I'd be surprised if they had a 'viewing'

That's because some people thing we're still living in 2007.

 

[kepit 2 yusen]

I'm currently looking at properties (as a first time buyer) and have to say, what the hell are some people thinking when they set a price? I can understand some people adding 5-10k to a price so when they receive an offer they are still getting a fair price, but some houses I've seen have been 50k+ overpriced. What are they thinking?<br />


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Anyway, think I've found a nice place and seriously considering it. <img


src="http://www.skybluestalk.co.uk/images/smilies/icon_razz.gif" border="0" alt="" title="" smilieid="5" class="inlineimg" />

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Depends what criteria you are applying to "over priced". Do you mean there are houses that you would like but can't afford ? Me too, there's a very nice 6 bed on the Kenilworth Rd with its own swimming pool, 2 acres of land and sweeping driveway that I can't afford and the greedy bastard won't drop the price to £150 k so I can have it. He's deluded and thinks its worth close to £1million. It will never ever ever ever get a viewing and will fall down before it sells.

Paying all that Interest and that chunky sum each month will leave you in a position in 7 years where you could sell your bargain dwelling for a little more than you paid and think," haven't I done well, what a great investment.

Sadly home owners have been shafted and buying and selling for a return on your property is frowned upon by first time buyers.

Nothing wrong with the seller being a little shrewd as your buyer is going to be, you can bet your bottom dollar ! Who would be a first time buyer again

I'm missing the point - PUSB !