Jump to content

Recommended Posts

red devil Wrote:

-------------------------------------------------------

> MrBen Wrote:

> --------------------------------------------------


> > What angle is the Beenmiester peddling this

> time?

>

> Don't move, improve.


Ah yes ..."Don't move, improve" - surely surfing off the current homes are for living, not an investment sentiment. The Beeny is always on the button.

  • 2 weeks later...

Jeremy Wrote:

-------------------------------------------------------

> It's not slow. But a think a lot of agents have

> overvalued places, which isn't helping. A lot of

> houses being reduced...



I can agree with you there Jeremy.


Our house went on the Market last March, and we had 9 viewing in the next four months, and halfway through we reduced the priced by ?20,000.


We changed Agents in July, and today had our 12th viewing with them, having reduced the price a further ?30,000 in August.


Today the price has gone down another ?25,000.


The feedback up until today has been that "they like the house/the street/the area/the School catchment, but it will cost a lot to get the house to how they want it".


We now hope the price is right for someone else to love this house as much as we have, as apparently there is about "six weeks" before the Market slows down/stops again.

Always ask agents for specific comparables to back up the estimates they are offering you. Also ask them how much they would put it on at if you needed to sell ina month. You get a much more realisitic assessment.


Sorry you are having all this unnecessary stress, unnecessary as the agents should have been more realistic.

Wow those are a lot of reductions and a large one overall.


There is a 1 bed garden flat in Oglander Road (in one of the smaller houses) that went on the market at close to ?290k, it went under offer v. quickly and is now back on the market at a lower price, with a reduction of about 20k. Can't remember the exact figures but am guessing that the first offer price didn't stand up to a valuation.

Ours is a 4/5 bedroom house which doesn't have stripped floors or original fireplaces, nor decking in the garden, which are the things that seem to be the "in" thing today. We also have a loft and a cellar, together with a front and back garden but no garage.


As this was our first purchase of a house, many, many years ago, we had no idea what sort of questions to ask, and were swayed by the original large amount quoted.


Hopefully this is now a more realistic price.


A lot of the stress is self-inflicted - I've been such a hoarder all these years - but I've managed to shift some things on the EDF and what doesn't sell goes to a Charity shop.

Its a shame that agents play the game of overpricing things to win the custom. You're not the only person who has been messed around like this. If viewers all think it needs a complete refurb, then you probably need to subtract the cost of this from the price of a typical 4 bed house, and then knock off a bit more to sweeten the deal. Hopefully you've got it right now, and you'll find a buyer soon.
Agree with Jeremy but I suppose that, as long as you didn't need to move earlier in the year, nothing is lost and you had the chance of someone buying at the inflated price. Why not put it on in the residential section of the forum? If you just put a description, you might even find a buyer and avoid commission!

MrBen Wrote:

-------------------------------------------------------

> Decking has gone the way of magnolia walls,

> Buddha's heads and oriental bamboo I fear. None of

> which ever looked at home in South East London

> anyway did it?



Jeez, you're not coming round to mine Mr Ben!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • I think the only way to sort this is to ban loud fireworks for private sale (and preferably ban fireworks altogether except for public displays). I don't know whether that has implications I'm not aware of eg I have no idea how many people are involved in firework manufacture.
    • Very happy to recommend Tommy Rooney's excellent work again. He's been servicing my boiler for years now, but this time he swiftly fixed a leaky radiator valve. I put out a call on Friday and it was repaired - and improved - by Monday evening. I asked him if he had an opinion about my other radiators, and he reassured me as he pointed out the leaky bathroom rad was a non-standard length, which was why it caused problems. There followed a brief but detailed history of improvements in regulations for valves and fittings over the years, so that I could understand precisely what the issue was. How many plumbers will do that for you? "I've just got a memory for weird things," says Tommy modestly.
    • Wanted 2 x Adult and 1 x Children tickets for Dulwich fireworks tonight please!
    • Labour have changed a number of things overnight.   1. VAT on school fees - this has resulted in 25,000 moving until state education. 2. Increasing NICs adding billions to the cost of going to work. 3. Introducing the Employment Rights Bill causing employers to stop hiring. This and item 2 have added 100,000 people to the unemployment scrapheap. These are also causing businesses to relocate further harming the economy. 4. Scrapping all the small boats deterrents meaning 60,000 illegal migrants have arrived in small boats since they were elected. 5. Dishing out huge public sector payroses with no conditions so we have a massively increased payroll and doctors etc arestill going out on strike. 6.changed IHT and non domicile tax rules causing 16,500 millionaires to leave the UK and stop paying any tax here at all forever. 7. Alongside 6, leaving the budget up until an historically late period after the last budget has caused a house price crash, killing the market and decimating government stamp duty receipts. 8. Their profligate borrowing (£100bn extra in just one year) to fund all their lavish promises means the government can now only borrow at the highest ever yields on records. They are more beholden to the bond markets than Liz Truss was. 9. The rate of inflation has doubled under this government. It was a healthy 2% when they came in. For most of the last year, as a result of all of the above it is now nearly 4%.   These are all decisions the Labour government took that have immediate cause and effect.  Its no good harking back to 15 years ago. The current administration was gifted the fastest growing economy in the G7 and within 15 months they have destroyed it.    And things are only going to get worse this winter.      
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...