Skip to main content

The Nesting Instinct

We've been saying for ages that the old idea of a 'start to the home selling season' is a thing of the past. Late March and April this year have proved that wrong with a massive upswing in viewings and new instructions. By the 2nd Sunday in April we'd arranged over 135 viewings that month!

Our friends in the photo were out of luck - we'd just sold our last nest!

Comments

Popular posts from this blog

House builders discuss 95% mortgages with lenders

So the house builders and the lenders have had a meeting to discuss how they can create 95% mortgages. Basically a good thing, as you would imagine most estate agents would say. But what proportion of the housing Market is represented by new homes sales to first time buyers? Also any first time buyer who purchases a new home is then a cost to the second hand Market of who knows how many sales! If I think back 30 years my wife and I as first time buyers were providing a deposit of 10%. To do this we sold her car, saved up by not going out as much and generally committed ourselves to the task of buying our first home together. Ah, you might say, but house prices were so much cheaper then. True but my salary was just under £2,000 per annum with the prospect of perhaps another £1,000 in commission from selling at lease 6 houses per month personally. The first 4 didn't count towards commission but were to cover my costs to my employer! I personally don't think 95% mortgages are ...