WhereTheBuffaloRoam
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Depends on where you are living at. I live in ohio.
I got a house for sale now for over a month. Had about 6 people look at it. I flipped the house before I put it on the market. I don't think its going to sell by january and I will have to rent it out.
But now is a great time to buy a house. Super good deals out there. I got a great deal on my new house. |
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Tizzy
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It depends on where you live |
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acermill
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Now is a great time to buy. The market values are depressed and you can get some good deals. However, the same applies when you go to sell it. It will STILL be a depressed value market. |
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Ayo A
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it's a bad time to sell right now, toooooo many people are trying to and very feeeeeeew people want to buy, so there's a helluva houses on the market....unsold!
Don't add yours to the pile. |
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Scooby Dooby Doooooooo
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It could be. The Bank Of England have slowly been increasing the base interest rate to try and cut inflation which means we are seeing a slow down in the property market. By the time you buy and sell the market could have slowed down even more making it harder for you to sell. I also heard a report that this is the first month in a few years that house prices have dropped. It is only 0.1% but it does show a slow down in the market. |
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zocko
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the best time is around the end of the year. the market is the slowest then and you get a better deal. then you take the first couple of months to get it ready and you put it on the market in early spring which is the best time to sell.
Remember, you make your money when you buy and you get paid when you sell. |
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beverley.newman1@btinternet.com
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It is a good time to buy but not a good time to sell.If you can buy cheaply now,live in it and slowly do it up,then as soon as interest rates drop(on the cards it is said) try it on the market. |
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liam r
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im no pro at this area although I have a house that i bought recently, i do know that english property prices were reported in the paper as overpriced so its almost inevetable there will be some sort of decrease,it also depends on the area.
I bought my house in Ireland and the property prices started dropping around commuting areas close to the big cities like dublin so i'd be wary of places like that, think london is fairly safe investment though
Think its true to say profits aren't what they used to be on property but could be still worth it |
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chip2001
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Presuming you're in the UK, like me....
As a sales negotiator in an estate agency, I wouldn't buy a property to do up and sell (for profit) at the moment.
Firstly, you have to work out how much it will cost you to do the house up, plus your buying and selling legal costs, plus the amount of profit you hope to make.
Add that to the price of the house you're interested in, and consider whether the house will be worth that much when you come to sell it.
In the current market, I think it would be hard to be sure that you could make a profit. In my area, sales are slow and prices are showing signs of falling slightly. If that trend continues, you could end up with a house worth a lot less than you hoped for. |
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Terry S
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Fix and flip was HOT in 2005 when homes were selling in my state not in weeks but hours.
Fix and flip still makes sense if you can find properties for 60 cents on the dollar.
Expect to keep the home on the market longer than 2 years ago.
In 2005 homes were on the market in Arizona for 2-3 HOURS (not kidding) now they are taking 2-3 MONTHS.
Hope this helps.
Terry S.
http://www.Welcome2Arizona.com |
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Irish816
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The buying part could be a real good time but the flip side to the coin is the selling (unless you can hold on to it till the markets correct them selves this could be years) |
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Neither Republican nor Democrat
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"Fix and Flip" Not now. You'll lose your ***. |
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