The markets have priced in more interest rate rises, look at M3 money supply 10% for february these will decrease affordability for geared house buyers, I am trying to help out the poster without discussing house prices, a quite tricky thing to do, hence my focus on rates, etc.
Trichet has been very frank, no pun intended, about his intentions to deal with excess liquidity & very predictible in his timing.
Wait to hear him say "accomodative" in the next ECB report.
I do make a killing on lots of markets, btw, with lots of help from my internet friends
Any further discussion should probably be moved to the ECB rate rises thread but I just wanted to point that neither you nor I know when or how many rises there will be. We are merely speculating so why not put your money where your mouth is when you do so.
If you have put good money into your house - hold out for the price, it will take time I'm sorry to say. We have our house up for about 3 weeks and 1 viewing and in general this is the trend, the market is very gittery and after the election will stablise - the government have alot to answer for with the stamp duty - they will get rid of it for first time buyers and so they should but for high end properties I doubt they will - this is their bread and butter. Have confidence but I wouldn't sell below what you feel it is worth to you. I hope that your relative makes a recovery.
This seems to be the mantra that alot of EA's are using. As for getting rid of SD for FTB's I wouldn't be putting all my eggs in that basket. The government needs to get money from somewhere and with reports that the economy could be slowing they mightn't be in a position to abolish it.
viewings are way down whether your house is a mansion in the country or a semi detached in a town or city at the moment there is no market perhaps until after the election..
By the way your comment on being in stubborn denial, I'm not the argumentative type but it depends on how desperate you are to sell, everyone's situation is different - I personally would not sell my own property below what it has been valued for by 4 different auctioneers.
Although i appriciate everybodys comments both positiave and negitave there is no reason to be sarcastic - see last post. For what we paid for the house ,the size of the house and what we have gotten done to it is the reason in my opinion, why i feel 305 is a reasonable price to pay for the house...although not smack bang in the middle of dublin or the likes i still commute every day and have done for near 2 years and have had no problems so its a reasonably good location. Although the price is negoitable i would not be able to drastically drop my price as although i will have to live with the sick relitave in question for a period of time, i will eventually be wanting to buy my own place near to them and could not afford to do so if i did not make any profit on my current home. -Again, thanks a mill to everyone's responces...the general concensus is to ride it out and the house will sell for near to the asking price...would that be correct?
..the general concensus is to ride it out and the house will sell for near to the asking price...would that be correct?
Reply to thewatcher. I think the seller has as good a say as the buyer in whether they will sell or not - after all it is a negotiation between to parties on a price - the way you're talking it is as if the buyer dictates everything. And to answer your point regarding valuations being out of date - my property was only recently valued and I am in the happy position if I sell well and good, if I don't I'll stay put and further enhance my property - I'm not panicked by negativity.
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