Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

Everything posted by TheCountOfNowhere

  1. Sounds like she's playing "good agent/bad agent", tells you they were insulted, now agrees with your bid, she's trying very hard. Simple negotiation tactics. Just sit on it now. if they dont get any more bids they will sell it to you, otherwise go to auction and buy it for 100K.
  2. I bet they didnt !!!! The bank just want to minimise their losses. They will simply have checked it the value was over their minimum projected value, wether they thought they can negotiate for more and thats it's. Sounds like the agent is pulling their usual tricks. Stick to your guns now and dont let them trick you into paying more than its worth. A simple. "look, I dont care, it's a good offer, come back to me if they want to accept it" should suffice.
  3. I've heard they have changed it and it will be based on a lottery system !!! http://www.dfes.gov.uk/sacode/docs/FinalSACode08Jan2007.doc "Random allocation (lottery) 2.28 Random allocation of school places can be good practice particularly for urban areas and secondary schools. However, it may not be suitable in rural areas. It may be used as the sole means of allocating places or alongside other oversubscription criteria. Random allocation can widen access to schools for those unable to afford to buy houses near to favoured schools and create greater social equity." That pretty much devalues the over-valued wootton propertys by 15%. Not happy reading for a wootton resident !!!
  4. Is the grafitti: http://www.flickr.com/photos/[email protected]/2262376267 "143,637" - The ammount of negative equity in each flat !!!!
  5. Anyone with any sense would apply the price per square feet rule when buying a house. Obviously things like location, amenities, character affect that but as a general rule they should be that much different. The new build places price per square foot is way over inflated and eventually, when it's no longer a new build, the price per square foot has to come down to match the rest of the market, which is what we see in east/west Hunsbury. Wootton/Grange park will eventually drop to match East/West Hunsbury. As I said to an agent recently during a viewing....Me: "It's over-priced", Agent: "Yes, but its Wootton", Me:"It's a housing estate, could be anywhere"....say no more.
  6. Just sitting watching channel 4 and an advert for Dispatches came on, "How the banks bet your money"...it made me sit up and take notice with words like "recession", "crash", "1 million repossesions". Dispatches Channel 4 Monday 18 feb 9pm. What Crash....this crash !!!!!
  7. Bloke at work's landlord ( hence the anecdotal post ) had his place in Harrow valued last year £425K....this week values at.....wait for it....£375K
  8. Must have been an advert as I havent seen any comments from an agent on their website for a while, it sounds like he has changed his tune though. it's interesting that you now accept that your own price will be 3-5 % down, I think most people have realised this now. Just dont get into the "chassing the market down" scenario. I still think there are still too many over-priced places out there and a lot of vendors will now be happy to accept 10% below asking. Ive noticed loads of top end places coming on the market recently, im guessing people are trying to cash in their chips at the peak....but they are 6 months too late. Also, on propertysnake today, the number of listing of drops for Northamptonshire is now as a massive 449 !!!! I think the agents must now be playing hardball with the vendors. The question is now, if these drops do not attract buyers what happens next, stagnation or rapid decline ? It's interesting to watch.
  9. Dont think many flats in Northampton will be selling for over guide price for a long while. They struggle to give away the flats in Wellington house and they are building sooooo many at the mo there might well be a glut of repo's soon. To be fair I think this place has a good chance of selling around the guide price but with the credit crunch and nervous BTLs it's hard to call. Its a good location and they look nice flats. 150K was way too much, £80-90K would be about right. Might be a good judge of where we stand at the moment, so i'll keep an eye on it. EDIT: Actually I think it's already sold !!!! Though the photos look slightly different. It seems the original flat is to be with joint auctioneers. The flat below was to be sold at guide of £145K, but has sold. http://www.howkinsandharrison.co.uk/Proper...urt/175487.aspx
  10. Hmmm, not sure it's decent. Lots of brothels, murders, drugs, polish ghettos, closed shops, violence, rubbish and a general run down feeling round that way now. I've been in Northampton for several years now but I've sold and im leaving the place, it's going to the dogs. I hate to say it but MK is looking sooooo much better, and I used to hate that palce. EDIT - found this little gem...: Is it a 1 or 2 bed flat for £115K? How does that 115K asking look price look in comparison to this 3 bed flat thats been put up for auction, guide price £105: http://www.rightmove.co.uk/viewdetails-194...10&tr_t=buy Original selling price according to land registery: 19 Jul 2004 51 Bedford Road, Northampton, Northamptonshire NN1 5NG Flat (New build) Leasehold £150,000 Good town center location, modern place, not a bad area, good road links. It probably wont even sell !!!!! I'd am tempted to bid but I think it's over priced !!!! As these auction places devalue the market the resale flat prices will eventual drop in line, i.e. 30%, so the £115K flat might eventually be worth about £80k again !!! Anyone sitting in a flat in Northampton are about to loose their shirt.
  11. I've come across several amateur developers in Northampton that have been struggling. I dont think they will be flipping another property anytime soon, which must have an impact on the number of buyers in the area. So I really do see only one way for Northamptonshire house prices, and it's not up !!!!
  12. There's definitely something afoot in Northamptonshire, as of today, 382 reductions listed on property snake !!! This is by far the highest number ive seen and ive been monitoring it for 6 months now !! Maybe the agents have been telling people to drop their prices in readiness for a quick sale in spring.... P.S. Sorry for the double post, didnt realise. Think this is quite significant though !!!!
  13. How come if the CPI is 2.2 and the RPI is 4.1 my cost of living has gone up 10%, if you multiply the CPI and RPI together it's just about right !!!!
  14. Whats that then about 8 times average salary in MK...probably 10 times in Northampton. Very reasonable. EDIT: PS - something is most definitely happening in Northampton, on property snake of as today there are 382 price reductions listed. This is by far the biggest number I have seen. EDIT: PS - Also, more job losses 320 more and in this article it lists another 400 that I never noticed before: http://www.northamptonchron.co.uk/news/Sho...hire.3767850.jp This is terrible news for the area. EDIT: PS, found this little gem, 3 bed flat, good area, originally sold for 150K, going to auction guide price 105K http://auctions.erinaceous.com/images/dirt...tial/312/34.pdf Will be interesting to see what it goes for !!! EDIT: You can tell by the number of edits that there's a lot going on this week EDIT: Propertysnake up to 402 propertys for Northamptonshire today ( 13/2/08) What's going on ???
  15. Yes, the issue is available until they either withdraw it or make a new issue. You can put up 15K in both the 3 and 5 year issue at the moment. Its a very good deal if you are a higher rate tax payer.
  16. HouseDog, spot on with all your comments there. Regarding your comment above, I was thinking that very same thing this morning. There has been just about zero press on housing market in Northampton since last year. I have a funny feeling that they dont like the article posters on their website that point out the facts every time they post a vest interest article. Those comments negate every positive thing that a VI article trys to brainwash the locals into thinking, so maybe they are prefering to stay neutral for now.
  17. If I were a betting man I'd probably have gone for those figures too. The RPI going up is great for anyone holding nsandi index linked savings certificates. Though I have noticed this year they have only made one issue ( for both 3 and 5 year ) bonds, they usually have at least 2 !!!!! Me thinks they know the RPI will be staying high.
  18. I think the latest CPI and RPI inflation figures are due out tomorrow. http://www.statistics.gov.uk/cci/nugget.asp?ID=19 "The next publication date is 12 February 2008." They surely have to be going up !!! If not, I will be buying a house.... RPI 4%, they're having a laugh!!! Try 7%+ Does anyone actually believe in the official figures ?
  19. The beauty of a flat ( sorry, executive apartment ) is you can chuck yourself out the window when it all gets too much !!!!
  20. I have the same problem. You can usually guess which property it is by using the post code/area search in rightmove for the new selling price. Not ideal but it usually works. The no chain thing is a good idea, you can move quickly and will be able to negotiate a much better price. You will probably be able to negotiate away your cost of renting for a year just based on the fact you have no chain. I think this week has seem some houses being shifted (if you look on rigthmove and includ sold STC in your searches) but i think the problems with chains will see lots fall through. There is just no money to lend 100% mortgages for the first time buyers at the bottom of the pyramid.
  21. "She recently had it valued and was told that due to the problems is now worth just £175,000." £175K....I think they must mean £75K !!!! Thats a "hand the keys back and walk away" flat if I every seen one !!!
  22. The trouble is that no one really knows what will happen but as you point out by playing the game you can be a fair bit better off. You just have to do what you think is right. Personally I think sentiment has most definitely changed and a day doesnt go by now with me hearing someone talk about the house prices dropping. Saying that it does look like a few houses round Northampton are starting to shift, but ive heard of several people having sold then their buyers pull out and/or the chain collapses.
  23. Looks like it's sold before going to auction. The next bagshaws auction is 19th March
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.