Buying property *cash*

[DimPrawn]

Do I go in now at say 20-30% below current asking price or wait another 12 months or so to clean up?

Buy now or wait?

[chef]

where's the eastern european?

[DimPrawn]

where's the eastern european?

Gone home. She was too expensive.

[Moscow Mule]

Do I go in now at say 20-30% below current asking price or wait another 12 months or so to clean up?

Buy now or wait?

Buy now - at 50% off.

[rootsnall]

The goverment attempts to prop things up might slow the falls for a while but I think we are looking at serious price drops for 2009 so why not wait !?

If you are lucky one or two of your fellow Swindon millionaires may come to grief and you'll pick up a repo

[DimPrawn]

Buy now - at 50% off.

Somehow I don't see people discounting prices by 50%.

Infact, most property coming to the market in the last few months is no cheaper than the one put up over a year ago.

Estate agents are still pricing property at 2007 prices as far as I can see.

[ace00]

Estate agents are still pricing property at 2007 prices as far as I can see.

Then you had better buy immediately as prices can only go up.

[Moscow Mule]

Somehow I don't see people discounting prices by 50%.

Infact, most property coming to the market in the last few months is no cheaper than the one put up over a year ago.

Estate agents are still pricing property at 2007 prices as far as I can see.

Well, you'd better wait then.

[expat]

Somehow I don't see people discounting prices by 50%.

Infact, most property coming to the market in the last few months is no cheaper than the one put up over a year ago.

Estate agents are still pricing property at 2007 prices as far as I can see.

My impression is that estate agents (and especially their sellers) are indeed still trying to set prices at 2007 levels, while buyers are trying to buy for 50% off.

Result: some sell at high price, some sell at steep discount, many just don't sell. Like any market, it depends who budges.

[DimPrawn]

Then you had better buy immediately as prices can only go up.

But nothings selling and no ones buying, but valuations are stuck at the peak.


Tempted to buy a load of cheap 2 and 3 bed houses cash at auction, give them only a spring clean and put them straight back onto the open market at £20K higher than the auction price.

Got to be a way of making serious easy money at the moment, since the real cheap property is at auction and that is only open to cash buyers.