Barratt offers incentives to new home buyers

[brian]

Wait before you sell?

[mortgage_advisor]

Interesting point about "actual value". In the current market, I don't think anyone can state what a realistic valuation is. Most people looking to buy now are looking for what they consider to be bargains.

I'm looking for a 3 bed in Newquay area, and won't even consider anything that doesn't seem a lot below realistic values of a year ago. With the current economic crisis, some people are in a hurry to sell due to financial problems, and it only takes a few of these in a particular area to down value all the other properties around too. As why would someone pay a higher amount just because the vendor isn't in a rush to sell, and with property prices predicted to go down, time is on the side of the buyer.

[The Move Team]

Originally Posted by mortgage_advisor

Interesting point about "actual value". In the current market, I don't think anyone can state what a realistic valuation is. Most people looking to buy now are looking for what they consider to be bargains.

I'm looking for a 3 bed in Newquay area, and won't even consider anything that doesn't seem a lot below realistic values of a year ago. With the current economic crisis, some people are in a hurry to sell due to financial problems, and it only takes a few of these in a particular area to down value all the other properties around too. As why would someone pay a higher amount just because the vendor isn't in a rush to sell, and with property prices predicted to go down, time is on the side of the buyer.

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I would have to agree with this! A majority of people we've seen move are just desperate to sell their houses and the new buyer almost over-keen to move into their cheap home. I cant help thinking if they had waited a while it would have been even cheaper!