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If any of them tell you what their motivation is for selling please share as it helps to understand where the market is going.
The landlords who are selling are sick of the tax and the regs changing
the home owners are devorce cases
they have all been on the market for some time and can’t sell
that’s why they are on my doorstep
I haven’t seen this before but it maybe because I am known in the area
strange enough all got my number from my tenants
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Estate agents not doing their job.
Must be nice to be in the driving seat on purchases.
I get the feeling that agents are marketing at to high a price
and then the properties stick
and that’s when they come to me
my phone is not ringing every day but I do get calls which I have never had before
Unfortunately in my SE locale each time a new property comes on the price is jacked up just that bit more.
I've got a viewing today where I'm going to have to educate the EA that the house 10 doors down they sold 2 months ago in VGC doesn't mean this one needing renovation should be only £10k less.
Or maybe I'll just do a DL and offer what I think it's worth and if it happens, it happens....
I just keep looking and making offers I know someone will take it
at some point
Briliant words JC:I know plenty of poor people though still sitting on the side watching and waiting.I have a few mates like this.I did the same in 2008 buying loads, they was ridiculously cheap to refuse 'em.DL, Some say we had it easy with the prices we paid, my cheapest was 14k, bought many at 16k 18k 19k 23k was getting ruddy expensive ha ha. And then I really splashed out and bought loads at 38k which hurt me Ouch.BUT BUT those buying today, yes they got to pay 100k (In Nottingham), but they also have 2.4% mortgages fixed for 5 years. We didn't have this, well I din't when I was doing mortgages in 2004. I've just got me mate a flat 61k, his 15k deposit & I think he said his 5 year mortgage some'at like £115pm, rent will be £450pm.So yes we got 'em cheaper, but if u buying with a mortgage nowadays, they ARE VERY VERY AFFORDABLE. And I see Adam says the same.I too in 2008 had Agents begging me to buy their stuff.
I am selling one property and also buying one.
The one I am selling is in a flat in Reading where due to the conversion of several nearby office blocks to flats rents and prices have dropped. Since it is my former home I should not have to pay any CGT. It is still worth more than it was valued in 2014.
The one I am buying is a bungelow near where I live. Prices have been rising and I expect them to continue to do so, but the yield should be good anyway - 8 to 9% depending on what martgage I get.