£7 Note

http://news.bbc.co.uk/1/hi/business/7182951.stm

I'll have whatever it is they are smoking.

Should prices drop as expected and plenty of repos', mass buy houses at ten at a time. Rent 'em out and sell on when things pick up after a few years. £££££££££££££££££££££££££

Building plots have been scandalous for ages. Alot cheaper to buy a house, demolish that and build a flat pack house on it.

1. No, many people have a mortgage aswell. 2. You can visit properties by arranging appointments, but best to see it first, then arrange another visit with a surveyor if you like the place. 3. No, but you would lose your deposit. 4. The same, if not more. Depends if there are any 'bogus' bidders who try to help the price increase, or someone pays over the odds. I have seen bogus bidders in the rooms, boosting prices, and if the bogus bidder wins, the usual 'has not met reserve price' excuse is trotted out.

Was going to post seperate thread about this one... burrrrrt... http://www.grahampenny.com/component/optio...temid,99999999/ Have people cottoned on at last?. Having visited Penny auctions many times advising people on auctions, this is the first time I have seen such a massive drop in sales. Acouple of buyers have been plain daft, their downfall.

Just because claims of mortgage approvals are 'up, does not, in any ways shape or form, mean prices will go up or are going up. That mentallity is strictly for the clueless.

Sounds like you are trying to get every last penny you need to cough up cash to get a house to me. I will give it to you straight: Mad. Have you checked area prices over the past 12 months using the postcode for this new place?. Do some research, because I reckon you are about to fall into it neck deep by the looks of things.

www.Youpaidwhathahahahahahahahahahahahahahahahahahaha.com

Another scam site this. Conmen like that should be hung.

I have posted in a few threads, but ought to say something about myself. I am a property advisor/property developer. I have been doing this for the past 5 years and have some well kept secrets about the scams being pulled by agents, auctions, media etc... and how many people fall for them always leaves me bewildered. If 95% of people buying at auctions, from agents or on the whims of TV, did some basic research, the auction rooms would be empty and so too would the houses up for sale throughout the UK. As for the awaiting of any houseprice crash, talk of 50% is never going to happen, 20% falls tops and one is 100% on its way. 1 year is what it will take.

Run diesels on veggie oil. Alot cheaper, don't declare it though

Homes under the Hammer?. I have been watching this for a long time now. The presenter is out of his depth. Bargains are very very very rare and profit is scarce. Graham Penny are often on this programme and are nothing more than a sham. People think they are getting a good deal, they aren't. Too many fools buying up as though they believe a profit is to be made. How many have fell through and lost thousands? I know of 8 people who thought they were getting a deal, only to find they had made massive losses, selling for less than they thought would have to. Still, as an advisor, those 8 people were advised to keep away and keep looking in other areas. How they wish they had listened. No doubt they have given up and gone back to normal jobs.

70k guide price for flats in hyson green!!?? Madness, and anyone thinking of going after one needs to think again. Hyson Green is a cesspit. Drugs, Prostitution, Goose Fair and Nottm being the 2nd worst place to live in the whole of the UK. Be best to buy a cardboard box instead

A very difficult situation at the moment. A buyers market. I think it has come down to having to compete with sellers. Therefore any house has to be spotless and exactly what people are looking for to attract viewers and offers. I sold my house within 3 weeks of it going up for sale and achieved the asking price. Why?, because I took the time to look at what is up for sale and what it is that people look for, and modernised my place to fit the needs of buyers in todays current climate. Alot of property on sale now, to be brutally honest, is dreadfully presented. Buyers seem to be after property that needs nothing at all doing to it, neutral colours, white bathroom suite, light wood fitted kitchens etc... are not enough now. Extras are needed. Time taken to understand the mindset of buyers in todays climate and present a house in the right way, will pay dividends.