It used to say here, "Act now before the crash!" - Now it's a bit late for that, we are here!
LOOKING FOR A QUICK CASH SALE?
- Did you vote Labour at the last general election? If yes - why?
- We are in recession now. Don't believe its a blip, it isn't. This is the roller coaster!
- Mortgage companies want 20%-30% deposits; if they even lend you any money.
- As Britain wakes up to the nightmare of negative equity, we are facing a housing recession far worse than that of the early 1990s.
- The Financial Services Authority (FSA) says a million people face losing their homes over the next 18 months. Northern Rock was the first banking casualty; the buy-to-let flat specialist Bradford & Bingley is the second; others will follow as this second mortgage-related financial shock shreds banking balance sheets and undermines confidence in the financial system.
- Even before the housing crash, buy-to-let investors were losing money because of low rents; now many are being forced to sell at rockbottom money, as the banks require them to remortgage at rates of up to 9 per cent otherwise. Overall, mortgage lending this year is expected to fall by nearly half, to £60bn, an unprecedented contraction of the market.
- Are falling house prices a bad thing? We don't think so. All things being equal, a return to sanity in the housing market is good for everyone, even estate agents. But we are facing a serious economic crash here, not just a correction. It is doubtful Cash4Houses will enter the market again until maybe 2010.
- No wonder Gordon Brown looks a miserable old sod. The great housing bust of 2008/9, and the recession that comes with it, will be Brown's lasting monument. A lesson indeed to Labour voters.
- The government still believes that, "house prices always go up". In other words, it believes in fairies, and that money grows on trees. Now comes the big bad wolf to the door, and the last thing anyone should think of doing right now is buying a house. That includes us. At any price.
These two idiots above are most likely the reason you found this page.
So How Can You Sell Your House Now?
If you are looking for a fast cash sale for your house in this market, there are still a few options. The advertisers on this page do want to buy houses still they claim (we don't know why), maybe they are worth a try. The property auctions are another port of call you may consider.
Don't expect decent money in this market. People who are buying want to buy at levels they can insulate themselves against further falls. Estate agents are mostly sharks who can talk a good job hoping to empty your pocket of 3%-5%, but the reality is unless they get the odd mug through the door with money on the hip, your house will languish in their window for many many months.
So, it's not looking good is it? If nobody told you the harsh realities of this market before, they have now. We are in the property business and we have even removed our numbers and e-mail address from this page. We were sick of the guys calling saying, "The agent said it's worth £90k, I will accept £88k." Yeah, dream on buddy, its worth £45k to us now. People don't like that. *shrugs*
George Soros recently said, "This is a period of wealth destruction. The people who make money will be few and far between. There will be a lot more money lost than made." When George Soros - the phenomenally successful hedge fund manager - says this, you know something is wrong, very wrong. And indeed it is.
