Buying A Property In Leeds, Shall I Go For It Now Or Wait Until Next Year?

Brett Alegre-Wood
September 27, 2020

leeds property is it worth buying now?

Is it a good decision to buy a property in Leeds when the valuation of the property goes down? If you can afford it... by all means. If you are buying and thinking of flipping it...maybe wait until next year. 

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I've got a question here. I'm buying a one bedroom in Leeds, valuation comes down to £60,000 would you be happy to buy this and buy probably you'll wait till the end of next year? 

So Aaron you're buying one bedroom in Leeds great valuation come back down to £60,000. So you know one bedroom I'm not sure where it was but yeah that you know probably £70,000 to £80,000 or something like that and look if people are selling now you know.

I'm not a big proponent I've said this along that prices are galloping up and that sort of stuff. Prices have come down in a lot of areas okay because the fundamentals aren't there. People are losing their jobs if people aren't, you know the rentals aren't marketers and holding up in that.

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You know we've come out of austerity and then layered on Brexit on top of that. So all is not fantastic you know what all wasn't in a fantastic market before we went into this. So you know, would you be better to wait till next year?

Look, I don't know what your situation is if £60,000 I mean could it go from £60,000 to £50,000 I'm not sure where it's come from. But the reality is you know if you can afford to buy it now you can afford to get on it and you can get a mortgage you know and you're moving into it. If it's investment maybe you know you could you know play the you know it might drop more because prices could drop, if you know the unemployment keeps dropping but by the same token things could remain the same and things could actually recover.

So you know is it gonna go from £60,000 back up to £80,000? I'm assuming it's dropped from £80,000 to £60,000 and that's why I made some assumptions. I don't know where it is but any reason I've got a couple it’s in Leeds so that's you know what I'm sort of thinking but I think you know if you can get something for £60,000 and you know it was £80,000 or even £70,000 that's quite a good discount.

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And if you can afford it because let's face it you're buying it for the long term if you're buying it to buy it and flip it then I'd probably say you know maybe wait till next year. But it really depends on your circumstances in that case all right. So hopefully that helps out. 

I think it really depends and you know what i'd say is if you've got if you want to make contact with a team or send an email to webinars@gladfish.com chat to other guys and they can go through your circumstances and go actually you know what yeah you know sounds like a good idea.

Video Transcription

I've got a question here. I'm buying a one bedroom in Leeds, valuation comes down to £60,000 would you be happy to buy this and buy probably you'll wait till the end of next year? So Aaron you're buying one bedroom in Leeds great valuation come back down to £60,000. So you know one bedroom I'm not sure where it was but yeah that you know probably £70,000 to £80,000 or something like that and look if people are selling now you know I'm not a big proponent I've said this along that prices are galloping up and that sort of stuff. Prices have come down in a lot of areas okay because the fundamentals aren't there. People are losing their jobs if people aren't, you know the rentals aren't marketers and holding up in that. You know we've come out of austerity and then layered on Brexit on top of that. So all is not fantastic you know what all wasn't in a fantastic market before we went into this. So you know, would you be better to wait till next year? Look, I don't know what your situation is if £60,000 I mean could it go from £60,000 to £50,000 I'm not sure where it's come from. But the reality is you know if you can afford to buy it now you can afford to get on it and you can get a mortgage you know and you're moving into it. If it's investment maybe you know you could you know play the you know it might drop more because prices could drop, if you know the unemployment keeps dropping but by the same token things could remain the same and things could actually recover. So you know is it gonna go from £60,000 back up to £80,000? I'm assuming it's dropped from £80,000 to £60,000 and that's why I made some assumptions. I don't know where it is but any reason I've got a couple it’s in Leeds so that's you know what I'm sort of thinking but I think you know if you can get something for £60,000 and you know it was £80,000 or even £70,000 that's quite a good discount. And if you can afford it because let's face it you're buying it for the long term if you're buying it to buy it and flip it then I'd probably say you know maybe wait till next year. But it really depends on your circumstances in that case all right. So hopefully that helps out yeah but you know I think it really depends and you know what I'd say is if you've got if you want to make contact with a team or send an email to webinars@gladfish.com chat to other guys and they can go through your circumstances and go actually you know what yeah you know sounds like a good idea.


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