if you need to buy a house now and have the cash, then what you are willing to part with is what it’s worth.
i plan not to purchase sooner than 2011, if at all.(i’ll wait to see what kind of society we have by then and if it’s worth staying)
so is this a choice between the house you** need** or the house you want?
as i said, the house you need, if you have the cash is yours today.
the house that you want to buy is getting cheaper everyday.
it’s heartening to see more people seeking opinions about potentially the biggest purchase/debt they’ll take on in their life. however i do wonder if it would be better for these queries be dropped below with the price watch threads.
We don’t ‘need’ to buy…FTB’s and all that.Renting in the meantime.But feel that our circumstances (ie.jobs, family expanding etc) could come against us if we were to apply for a mortgage, say, in a years time.
We’re re-applying at the moment and depending on what we get, that’ll inform our offer (obviously!).We would like to take advantage of the fact that there are no other bidders out there, we both have jobs at the moment and its a house we like, which has proven remarkably hard to source over the last 2 years…although I do see the logic of waiting as houses you like will turn up more and more.
Found a house we liked a few weeks ago but somebody had offered the asking price right off…was raging with them!
I sincerely doubt that someone offered asking right off the bat. I’d say EA was full of it.
Bid low, thats what I’m doing. In time, these sellers asking through the roof prices will have to cop on.
I bought a builder to a shell of a house yesterday thats been on sale for ages, and I mean ages. The idiot EA was at the wrong address, and when I told her which house I was at, she informed me that it was sale agreed. When I asked why it didn’t say sale agreed & why she let me drag a builder out there, I was told the buyers were supposed to sign that morning.
Horseshit is what I say, and I’ll be on the phone agin fairly soon if I don’t see a sold sign outside the house.
Do these people want to sell houses, or not?
Phoned about viewing another house today and was told it can’t be seen for the next couple of weeks??? Why are these people advertising houses that potential, pre-approved, not in a chain buyers, want to see.
It boils my blood.
Low ball on that house, I’d put money on it they are lying
If that were the case, would the economic circumstances not have changes to the extent that borrowing the money now would have been unwise.
Dont ever get overly attached to an asset until you purchase it.
Basically the banks are fucked and as a result it is hard to see them allocating significant lending to mortgages over the next few years, exception being the FTB deals which will be much easier to get approved if you happen to be buying from a developer who owes the bank. This would mean no rush.