Property Poll - When Should I Buy?

[BrilloPad]

Surely the options should be buy in 2009 or wait?

The landscape might be alot different later in the year : who knows what will happen?

[Foxy Moron]

I obviously depends onL

A The availibilty of cheap credit
B Expectations

Cheap credit won't be widely available for some time, probably years. Expectations haven't hit their lowest yet. Even if A happens quickly, B will subdue demand anyway. IMHO, The best that can happen to house prices over the next few years is stagnation. Absolutely no point in buying now, unless you have to or there is a once in a lifetime opportunity.

[TykeMerc]

Excellent Andyw option there.

I honestly don't know when the downward trend in property values will change, I doubt that it will be in the next 6 months.

[Jog On]

We're going to see what the value of the property Mrs Jog has inherited 25% of is before we know where we're at.

We're hoping it will be quite good as it's a very saught after area

[AlfredJPruffock]

Kepp your eye on Birnhal Woods- when that starts to creep to to the level of High Dunsinane Hill - then its Time.

[Jog On]

That is the plan, we want to cash in on the price slump. Thing is we need to sell a recently inherited property first to get the deposit

[DimPrawn]

What if one already had a 40% deposit?

Then it comes down to how much of a discount on the price you can negotiate.

If you can get a good % off the asking price, and can get a good mortgage deal, and you intend to live there for some time, why not?

[Pickle2]

What if one already had a 40% deposit?

Wait two years and you'll have an 80% deposit.

[Jog On]

Seriously, the best mortgage deals are for those with a 40% deposit.

House prices are not going to rise for some time, even if the optimists are correct and they don't crash much further.

Interest money is dead money.

Rent, and save up a bigger deposit. Ideally enough to buy cash and then drive a hard bargain.

What if one already had a 40% deposit?

[DimPrawn]

First time buyer, 25% deposit, Greater London / inside M25...

Answers on a postcard, or by the following poll.

Seriously, the best mortgage deals are for those with a 40% deposit.

House prices are not going to rise for some time, even if the optimists are correct and they don't crash much further.

Interest money is dead money.

Rent, and save up a bigger deposit. Ideally enough to buy cash and then drive a hard bargain.

[DimPrawn]

Buy now. Make a vendor VERY happy.

[Pickle2]

Buying is for losers, mortgage interest is just dead money init.

[BrianSnail]

what poll?

This poll...

[ThomasSoerensen]

First time buyer, 25% deposit, Greater London / inside M25...

Answers on a postcard, or by the following poll.

what poll?

[BrianSnail]

First time buyer, 25% deposit, Greater London / inside M25...

Answers on a postcard, or by the following poll.