Jump to content

Heart rending plea... (by estate agents)


Recommended Posts

Through the door today, addressed to " the homeowner, Snorky Mansions, SE London"


"Keeping you informed about local property. We're writing to tell you we've been instructed to sell a property on Avondale Rise. We often find residents like to invest locally, or have friends or family who would like to move into their area.


If you, or someone you know ,is interested you can find more details on this house on our website kfh.co.uk


If you would like to arrange a viewing or find out more .... please give me a call."


The stench of desperation is nausiating..

Link to comment
Share on other sites

Unfortunately, people have become 'mini property experts' due to media/papers etc.


I frequently hear people discuss 'market conditions' and 'property crash'. It's funny how the people who know most about property (i.e. buy to let investors), are buying by the truck load!

Link to comment
Share on other sites

seanmlow Wrote:

-------------------------------------------------------

> It's funny how

> the people who know most about property (i.e. buy

> to let investors), are buying by the truck load!


Ahem, let's wait a year or two before deciding just how much these b-t-l investors really do know about 'property'. The ones buying by the truckload in Leeds and Manchester don't seem to have been very smart.

Link to comment
Share on other sites

sorry seanmlow - t'was a slightly facetious comment on my part, given the lack of argument I put around it


buying and selling property I have no problem with - and you are right, it's the buyers who make it a home


But I have a problem with buy-to-let investors, in fact the general property-as-investment ethos... so it was the statement that it is they who know most about property that prompted my response.

Link to comment
Share on other sites

It's definitely a great time to buy. Property is a long term thing and that's what a lot of people seem to forget. To many TV programs have brainwashed people into the buy and turn around quickly plot. That's the only risky strategy right now. Long term investment is better now than it was 12 to 18 months ago as there are some good deals around.

Even if prices go down a few more percent this year people still need somewhere to live so all this holding on means lots of lovely rising rent for the people who buy to let.

Link to comment
Share on other sites

Well unlike most of European countries the UK doesn?t make it difficult for people to buy houses as an investment rather than a home. So those with spare cash lying around can take opportunities like this to snap up cheap property and exacerbate the country?s housing crisis.


At least it will help keep the estate agents off the dole.

Link to comment
Share on other sites

> Long term investment is better now than it

> was 12 to 18 months ago as there are some good

> deals around.

> Even if prices go down a few more percent this

> year people still need somewhere to live so all

> this holding on means lots of lovely rising rent

> for the people who buy to let.


I wonder if this is what they said in the heavily populated island of Japan in 1991, when prices had begun to fall. 17 years later, house prices in Japan are about half the price they were in 1991.

Link to comment
Share on other sites

I've been looking for a place recently and it does seem to be true that rents have gone up by about 15-20% in the last couple of months so I suspect the BTL's who supposedly left are returning.
Link to comment
Share on other sites

Rising rents? The "this time it will be different" assertion.


The last time round when times got bad:


Children stayed at home with parents longer

Children returned to their parents' homes

Couples in broken relationships lived under the same roof for longer

More youngsters packed themselves into flat-shares

People became lodgers in financially stressed mortagees homes

People squatted


A difference this time is likely to be the number of void distressed buy-to-let flats.


xone262 might like to run some reverse leverage spreadsheets.


Does anyone remember the extensive squatting that took place in East Dulwich in the 1970s?

Link to comment
Share on other sites

Another desperate estate agent


I paid a visit on Saturday to the estate agent who's been trying to sell my flat for the last few months. I told her after 2 offers falling through I've had enough and want to let my flat out to get me some dosh to fund my ED lifestyle. There was panic in her voice and she told me to wait until after their forthcoming sales promotion 'make me an offer' This basically involved them phoning potential buyers and telling them that vendor x is willing to take an offer on their property!! Isn't that bleeding obvious in this climate? Can't be a fun job at the moment.


Now where's that lettings contract . . .

Link to comment
Share on other sites

jollybaby Wrote:

-------------------------------------------------------

> There was

> panic in her voice and she told me to wait until

> after their forthcoming sales promotion 'make me

> an offer'


I can understand why she'd be panicking. Prices going up and down is only of secondary importance to EAs. What they want is a quick sale, at any price. So 'make me an offer' is very much in the EA's interest - maybe that's who the "me" refers to.

Link to comment
Share on other sites

xone262 Wrote:

-------------------------------------------------------

> It's definitely a great time to buy. Property is a

> long term thing and that's what a lot of people

> seem to forget. To many TV programs have

> brainwashed people into the buy and turn around

> quickly plot. That's the only risky strategy right

> now. Long term investment is better now than it

> was 12 to 18 months ago as there are some good

> deals around.


it's in the nature of a falling market that prices look like bargains all the way down to the bottom. Buying now is still a risk because the bottom could be a long way off. The last crash took 5 years to go from peak to trough, but it was steep and dramatic. The current slowdown looks to be shallower but longer. Mervyn King claims it will last 10 years, so you really do have to take a VERY lonterm view if you're buying at the moment.

Link to comment
Share on other sites

good thread this, i had a call from 2 agents selling the same house. One I hadn't heard from in 3 years, out of the blue (sounded desperate) and the other saying its on at so much but they will take 100k less. Things are definately look shaky. A chief economist says that a recession will be here by next year.
Link to comment
Share on other sites

This whole thing does worry me, Mrs Keef and I are hoping to get a fingernail on the bottom of the ladder this year... Obviously we're happy for prices to come down a bit, but then we don't want to buy something only for the whole world to collapse around our feet 6 months later... This is all far too grown up, I think I'm much more suited to sitting in the pub talking nonsense! :-S
Link to comment
Share on other sites

Don't worry about it, Keef.


It's not just an investment you're buying.. it's a home. You'll be paying for the privilege of owning one and you'll like that feeling. As long as you can afford the mortgage and you've allowed for it rising by a certain amount, then just do it and forget about it.

If you're property goes down, so does everyone else's. As a first time buyer (probably a flat?) this will help you even if the market slips and you want to move up the ladder.. the % yours goes down by will be smaller than the % the property you hope to move to goes down.


I still have friends who were 'waiting for right moment' three years ago and now they've blown it.

Link to comment
Share on other sites

When it comes to handing-over your life's savings and locking yourself into a working-lifelong commitment to repay a huge loan, two pounds for every one you borrow, you're probably right - there isn't a perfect time.


But as long as you keep in mind the long term picture and you've been sensible about what you can afford, you can't go too far wrong.

Link to comment
Share on other sites

*Bob* -


You speak much sense!


I think the mass media scare tactics are really putting people off. I know so many people saying theyy are going to wait, and have been doing so for several years.


At some point one must take the plunge!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • I am at The Gardens. I saw GP on a Wednesday and he recommended physio, he checked availability and offered Tessa Jowell Centre for Saturday at 1 pm or Forest Hill Road Practice on a Monday at 11 am. I chose FH- very efficient/ Physio at FH very helpful, sent me some neck exercises and referred me for spinal assessment at Kings.
    • Of course, people's experiences may vary, but I'm afraid I can't recommend the DMC on Crystal Palace Rd.
    • Option 1.  Let them go bust.  Government takes over, until an appropriate solution found.  This happens with failing train operating companies  Option 2.  Anyone who made money on the privatisation, or their immediate descendants, bail them out  Obviously the latter isn't going to happen but makes me feel better/superior. What do you reckon?  Big picture.  Small picture as I posted elsewhere is that they were good when we had a leaking main.  And of course mass redundancies need to be avoided.
    • Hi my mum has a lovely frenchi , he needs to be walked , as mum (80) is a bit fragile . he is a lovely dog , a bit nervous when around other dogs . Mum lives in East Dulwich . how much do you charge ?   Thanks 🙏🏼 
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...