Quote:
Originally Posted by PicoDeath
We can't post from work, unless someone mods the ticket machines to have internet access/a browser lol. (pizza hut).
Btw, do you see housing prices getting better? You could make an educated guess I'm sure.
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Hmmm Pizza...oh anyhoo's. Depends on areas - yes and no I guess. Around the North-East some places are dreadful at the minute - on the other hand others are great. We are very realistic with our valuations so our customers have had little hit on their values when the have sold. The thing that is hurting the market is mortgages for first time buyers (FTB's). No lending - no sales. Blame this fucked up government and other factors for the credit crunch - yes it really is that bad.
An example - a house worth £125,000 would now go for £120,000. A home £250,000 would get £235,000. Hope that gives you an idea. Of course some will take a hit on their homes, but others who paid say £250k for a home a year a go could now be in negative equity. Trouble is there are big Estate Agents around here that have over valued the last few years and its now hurting those buyers. I have lost loads of deals as I have gave a realistic value and not gone with the rest - no skin off my nose - those homes are still up!