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She suggested the smarter move would be to sell now and rent, and wait to see what the market does.
People have been saying this for a long time.
aggi-
I can remember having discussions like this with younger colleagues almost twenty years ago; “We’re thinking of holding off buying now as prices are unsustainable and are sure to drop, and you don’t want to buy at the top of the market.”
I still think prices are unsustainable but a recorrection will be devastating for a significant part of the population.
andyp
Went on an interesting viewing yesterday. The seller is a "property investor" and is retiring and selling off some of her houses.
She freely admitted that her place (leasehold/ex council/need of updating) was not worth what she was selling it for but said the market is "crazy" at the mo. She has already had a few offers and will probably go with one of them.
The house is in a great location (North Dulwich) and places don't come up for sale much in the area - she said the fact 3 are currently on the market underlines her point.
She suggested the smarter move would be to sell now and rent, and wait to see what the market does.
Her property is on with Strike. She said they are good for sellers who are happy to do a lot of the work themselves. Not so good for prospective buyers as they will bombard them with financial services requests and spam... I'm awaiting that joy.