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The Property Podcast

ASK66: Buy now or wait out the wobble? PLUS: How do you use equity in your own home to buy more properties?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 29 November 2016

⏱️ 7 minutes

🧾️ Download transcript

Summary

Two more questions and answers from The Robs.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:07.0

It certainly is, or should we call it ask Rob and Rob and Sylvia you'll see what I mean in a moment

0:17.1

Welcome back to ask Rob and Rob. So lovely to have you thank you for joining us and thank you to all you lovely people who keep submitting questions.

0:26.0

And that's what Sylvia's done, not once but twice. We must make it very easy to submit questions. Because Sylvia's managed to do the double today.

0:34.9

So is it easy Rob?

0:36.1

Yes it is. There are two ways of doing it. Maybe she just couldn't choose and went for one of each.

0:40.1

You can call 013, 808, triple 035. That's 013 808,00035,

0:44.0

That's 013808,00035.

0:47.0

Or if you're at your laptop, go to the Property Hub.

0:50.0

net slash Ask and you can record a message into your computer. So as we said

0:55.2

this is a bit of a Sylvia special she's left us two questions so we'd better get to

0:59.7

work. Let's hear the first of those right now. Hi Robin Rob, thank you for your excellent podcast and for the recent Brexit, post Brexit webinar.

1:10.0

My personal circumstances are that I'm trying to do a first by to let in the South and

1:17.0

I'm looking at the Kent, Essex and Sussex Coast, one bedroom property. My question is, would you be looking to buy now or would you advise waiting until the

1:30.1

predicted post Brexit or mid-cycle wobble. Locally at the moment there are no signs of prices

1:36.8

going down but then Brexit hasn't really kicked in yet and will there be a north-south divide as well? I think I was quite surprised when

1:48.9

Rob D said during the webinar that he might advise people to buy now even if property prices

1:57.8

are going to drop because I thought the advice would be to wait until they have dropped so that you're buying at the best price.

2:08.8

So if you could unpick that a bit that would be really helpful. Okay, thank you.

2:14.0

Well, thank you, Sylvia, for your first question.

2:17.0

Okay, so you're looking at your first bite to let, you're looking at your first bite to let,

2:21.0

you're looking at your first bite, you're looking in Kent, great, one bed one bed lovely but should you buy now Brexit

...

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