Colgates_shaving_foam
Well-known member
We've not had a good how much did your watch cost? thread for ages!
Mines blackWe've not had a good how much did your watch cost? thread for ages!
I don't have oneMines black
Have you sold yet? If not I’d try and get it done this week. To be blunt, the **** is going to fall out of the market before Christmas.
Of course, it’s relative if you buying something else
Sell it yourself indeed, did this myself on a property within M25, very easy if you have a bog standard house (I had a 2 bed terrace) to check what others have sold for and get some valuers in. A good property sells itself you don't need an agent, you are also an expert on your own property they are not. The other benefit is you cut out a party in the middle who can complicate or add confusion to the mix based on their on sales targets/motives etc. Sold mine for £250 all in I think.If you're thinking of buying a house everyone looks on Rightmove to see what houses are for sale.
If your house is on Rightmove everyone willing to buy it will see it and all the details.
To get on Rightmove you need an estate agent as they only accept listings from them.
Consider using Strike online estate agent or similar as they charge absolutely nothing to list etc
You only pay for any additional services you might want to use, but absolutely no obligation to buy anything and can sell for free.
Take your own photos ( easy with smartphone ) and show the house yourself etc and cherry pick what other services you mighty want.
I really don't see what a traditional local office based agent with a window full of houses can offer above this and how they justify such large fees etc.
Just said on BBC News many fixed mortgage deals are now around 5.5% which must affect the property market over the next 6 months (unless I am lying or totally wrong - of course).
how is it comparable5.5% in 2022 is comparable with the 14% rates of years gone by.
how is it comparable
& mortgage interest tax relief was 30%. It was a reason interest only mortgages & endowments to pay them off were so popular.So for instance, take 1980. Back then, official BoE interest rates were on average 14.2%. But because people were much less heavily indebted, because their incomes were much higher vs their repayments, that was, in affordability terms, EQUIVALENT to 3% in today’s interest rates.
Buy to let mortgage rates are going up probably more than traditional mortgages are the moment, which will then push rents up as a consequence.The cynic in me is thinking the whole situation is being manipulated for a great housing reset with thousands of people with mortgages foreclosing only for the buytolet landlords to mop up and make a killing reducing home ownership in the process.
I think the travel industry is overwhelmed because they binned most of their staff and only got half back. I am not convinced people have been splurging because of COVID eitherI think one so far very under reported trend, is the post-pandemic urge to spend, rather than invest, or at least adopt a more modest attitude to spending.
For example, the travel industry seems to be overwhelmed, not just in volume of bookings, but also a rise in people spending more, on longer, more expensive and exotic holidays.
I think this is driving the housing market too.
ask any builder, plumber or gardener for a quoteI think the travel industry is overwhelmed because they binned most of their staff and only got half back. I am not convinced people have been splurging because of COVID either