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House Price Crash Forum


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Everything posted by Chicken

  1. I would agree that this happens but it doesn't look like the guide prices were so low as to be in proper bargain territory.
  2. Results here for today's auction. Along with the usual fairly high percentage of lots unsold that seems to characterise auctions recently, a lot of the ones that did sell seem to have gone for a lot higher than the guide prices. Thoughts?
  3. Neutralising costs almost nothing - just a skip and a lot of paint.
  4. That's not generally true of Pugh's auctions. I'm on their mailing list and check out most of their auctions. I've only seen a few instances where the guide price was a deliberate come-on to get people interested. I've successfully bought several properties both pre-auction and in auction where my winning offer was at or just above the lower guide.
  5. Can some programmers create a "Dating Property Bee"? Would be quite amusing.
  6. Sounds interesting. Who bears the costs of repairs in the meantime though?
  7. Isn't even 120k not too bad for that? Sure, it's in a state but there's loads of potential. If it were remotely commutable for me I'd be tempted.
  8. And how do you differentiate between the person that bought them two days ago for 50% off and the person that bought them two years ago for full price?
  9. Look at the satellite view as well. What's the big building next to it? Looks like you can only access it via the same front gates.
  10. I hate when they say that. If I'm buying, I don't care about the state of the kitchen/bathroom/etc (as long as it's factored into the price) because I can change it to a design or style that I want. If I'm renting then I'm stuck with it so I'm going to care more about the detail.
  11. If you've got enough money, you can afford to be wrong quite a few times.
  12. How much are you thinking of paying for the privilege of living in a basement?
  13. Welcome to the Zombie repo portfolio. Selling means an admission that the book value is wrong, triggering a writedown. Something has to give.
  14. errr....you do realise that my link was to all 2-bed flats within 3 miles of Liverpool Street (including docklands)?
  15. If you do up the house for them, it's just going to double their resolve to get their optimistic price when selling.
  16. Say what you like about Foxton's pricing (and whether that is driven by them or the seller) but if I was selling I would rather use them (and have done in the past) than other agents to sell through. They take decent (staged) photos, every property gets a floorplan, and (most importantly) they do late and weekend (ie Sunday) viewings so prospective buyers don't have to take a day off work to view. They are also very good at staying on top of the various parties from offer stage to completion. Every single offer, including the chancers, was passed onto me verbally immediately and in writing th
  17. Loads of places within 3 miles of Liverpool Street within your budget.
  18. Did you mean 5, 10 or 15%? If you did mean thousand then you're out of luck - there's only 15% deposit minimum mortgages out there at the mo (which would mean over 20k deposit plus at least a grand for all of your other costs too). http://www.moneysupermarket.com/mortgages/ (click on "Low Deposit"). As for which one to go for, it all depends on your personal circumstances. Speak to an independent financial advisor (although note that they get commissions from the mortgage providers so aren't completely impartial).
  19. You're right - horses for courses and all that. I do actually agree with you that Dalston is over-valued for its current level of "gentrification". One thing that Dalston does have going for it is location - next door to hipster central (Shoreditch) and 10 minute bike ride into town.
  20. Sorry, my mistake - must have been the April edition.
  21. Not that I'm trying to justify the price but that place is cheaper on a psf basis than a lot of other stuff in the area. It's also supposed to be the coolest place in the country (http://www.guardian.co.uk/uk/2009/apr/27/dalston-cool-london-suburb), and some trendy magazine a couple of months back said it's the most exciting postcode in the world.
  22. If this is truly the case then the other bidder is unlikely to get the place mortgaged to the level of their offer - valuations are being deliberately conservative at the moment. I would leave your offer on the table but specify that, should your rival pull out, the property stop being marketed immediately with completion within 2 weeks (should be very straightforward if you're a cash buyer and the property is freehold).
  23. In the same auction. How bad must this area be that you can get five 3-storey buildings for £150k??!? http://www.roypugh.co.uk/Lot/Manchester/20110714/018
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