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About sashraf1066

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  1. New wave of estate agency closures Jeff Prestridge, Mail on Sunday 18 May 2008, 1:39pm Another big estate agency is embarking on a round of branch closures in response to the housing market slowdown and the credit crunch. Reeds Rains, part of property group LSL that also owns the Your Move estate agency network, will confirm tomorrow that at least 15 of its 127 branches will be axed in the North-East and North-West. Branches in Bradford and Dewsbury in West Yorkshire, and Lancaster and Wigan in Lancashire are among those that will be shut. In Cheshire, High Street sites in Cheadle, Knutsford and Poynton will be closed and consolidated into one branch in Wilmslow. Further evidence of the fragile state of the housing market was provided on Friday when HBoS announced the sale of its 13% stake in property website Rightmove for £59m. HBoS was one of the four founding shareholders when Rightmove was launched eight years ago and its decision to offload its stake suggests the bank is gloomy about prospects. Also on Friday, shares in upmarket estate agents Humberts were suspended amid uncertainty over its finances. The Royal Institution of Chartered Surveyors will tomorrow paint a dire picture of the housing market for the remainder of the year when it will say property transactions could fall by 40%. None of Reeds Rains' executives was available for comment on Friday, but a spokeswoman confirmed that the company is currently consulting all employees affected by the changes. The closures will bring the number of branches shut this year by LSL past 45. Most so far have been concentrated on the Your Move network. Other big estate agency networks to have closed branches recently include Countrywide and Spicerhaart.
  2. Stirling work people. Thought I would point out that the a property that sells through an auction is usually cheaper to buy by about 15% compared to the same property being sold in the more traditional channels. That after all that is the main attraction of buying at auction, quick completion required but cheaper,hence investors and developers gorging themselves at these auctions.
  3. I worked in a shop that offered a worldwide money transfer service. The number of Nigerians that used to come in and try to use fake passports to receive money from all corners of the globe was incredible. In 7 years of dealing with Nigerians of all ages and both sexes I'm sorry to say I never met one that wasn't on the hustle. If anybody out there has ever met a good'un please post.
  4. It was formerly a BT owned property. Hopefully the following link will bring up the catalogue. http://www.edwardmellor.co.uk/catalogues/e...talog_dec07.pdf Apologies for not adding any links in my earlier post.
  5. Edward Mellor auction in Manchester only sold 16 lots out of 123 in the auction room. So much for booming sales through auctions.
  6. Try and get yourself over to Barnard Marcus auction 3rd or 5th Dec. Apartment in Beethan Tower Liverpool which sold for 205'000 in 2004 has a guide price of 120'000.
  7. Noticed in a forthcoming Barnard Marcus Auction December 2007, repoed apartment for sale in Beetham Tower Liverpool. Was sold in 2004 for 204'000 auction guide price is 120'000. Any ideas how much it might eventually go for?
  8. Another that shut it's doors recently is Your Move Woodley and sons. A three branch franchised operation operating in the Crawley area. Costs around 100K to open a single franchised branch these guys opened three in their first year.
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