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ablondon

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  1. How about this one from my local area - walk by it every day in fact. Just recently refurbished - some 2 months ago but they have still left all the building waste in the front. Not the best idea when trying to sell the house! And yes, the new decor is ''interesting''. www.rightmove.co.uk/property-for-sale/property-16820929.html Do I win for 1)the longest entry.. 2)the complete wast of time changing the price entry.. History date event 05 August 2010 * Price changed: from 'Offers in Region of £264,995' to 'Offers in Region of £259,995' [Found by n/a] 06 July 2010 * Brief Description changed: ***CHAIN FREE*** RECENTLY REFURISHED*** HIGHAMS PARK, CHINGFORD! Look no further we have this outstanding 4 bedroom property now availalbe! It benefits from 2 receptions and a great incentive. Call ***3 BEDROOM HOUSE*** ***2 RECEPTIONS*** ***2 BATHROOMS GROUND & 1ST! *** ***WALKING DISTANCE TO HIGHAMS PARK THE AREA FOR YOU? STATION & SELWYN PRIMARY SCHOOL*** CALL us today on 02085902003 0208 590 2003 to arrange viewing and to find out more about the incentive! viewing!!!! [Found by n/a] 03 July 2010 * Brief Description changed: HIGHAMS PARK STATION & SELWYN PRIMARY SCHOOL*** CALL THE AREA FOR YOU? Look no further we have this outstanding ***3 BEDROOM HOUSE*** ***2 RECEPTIONS*** ***2 BATHROOMS GROUND & 1ST! *** ***WALKING DISTANCE TO 4 bedroom property now availalbe! It benefits from 2 receptions and a great incentive. Call us today on 0208 590 2003 02085902003 to arrange viewing!!!! viewing and to find out more about the incentive! [Found by n/a] 29 June 2010 * Price changed: from 'Offers in Region of £269,995' to 'Offers in Region of £264,995' 12 June 2010 * Detailed Description changed: CHAIN FREE!! NEWLY REFURBISHED. 3 BEDROOMS, 2 BATHROOMS, 2 RECEPTIONS. HIGHAMS PARK. IDEAL FAMILY HOME. Living Room 9ft 11in (3m 3cm) x 9ft 11in (3m 3cm) ***CHAIN FREE*** RECENTLY REFURISHED*** HIGHAMS PARK, CHINGFORD! Look no further we have this outstanding ***3 BEDROOM HOUSE*** ***2 RECEPTIONS*** ***2 BATHROOMS! *** ***WALKING DISTANCE TO HIGHAMS PARK STATION & SELWYN PRIMARY SCHOOL*** *** ONLY 26 MINUTES TRAIN JOURNEY TIME FROM HIGHAMS PARK STATION TO LONDON LIVERPOOL STREET*** CALL us on 0208 590 2003 to arrange viewing!!!! FRONT GARDEN - Small front paved garden with iron railings to front, double glazed front door RECEPTION 1 - 13ft 2 x 10ft 8 - Front reception, double glazed window to front aspect, gas central heating RECEPTION 2 - 10ft 9 x 11ft 1 - Dining Room 10ft 0in (3m 4cm) x 9ft 11in (3m 3cm) Kitchen 9ft 11in (3m 3cm) x 6ft 9in (2m 6cm) Ground Floor Bathroom 3ft 7in (1m 8cm) x 6ft 9in (2m 6cm) Bedroom 1 9ft 11in (3m 3cm) x 6ft 9in (2m 7cm) Bedroom 2 6ft 9in (2m 7cm) x 13ft 3in (4m 4cm) Bedroom 3 10ft 0in (3m 4cm) x 3ft 5in (1m 4cm) First Floor Bathroom room off hallway, with double glazed window to rear aspect, under stairs cupboard & doorway leading to kitchen, gas central heating KITCHEN - 10ft 11 x 8ft 8 - Newly refurbished kitchen, worktop, base & wall units, cooker, oven & extractor fan, door leading to groundfloor bathroom & seperate door leading to rear garden, double glazed window to side aspect & gas central heating GROUNDFLOOR BATHROOM - 5ft 11 x 8ft 9 - Tiled floor, and partial tiled walls. Panelled bath, wash basin and toilet, double glazed window to rear aspect & gas central heating towel radiator REAR GARDEN - Paved/ grass verge garden with wooden shed to rear BEDROOM 1 - 13ft 2 x 14ft - Front double bedroom with double glazed windows to front aspect, gas central heating BEDROOM 2 - 10ft 11 x 7ft 8 - Double room to rear aspect, double glazed window & gas central heating BEDROOM 3 - 8ft 11 x 5ft 11 - Single room/ study to rear aspect, with double glazed window & gas central heating FIRST FLOOR BATHROOM - 6ft 4 x 4ft 11 - Tiled and partial tiled walls. Panelled bath, wash basin and toilet, double glazed window to side aspect & gas central heating towel radiator 10 June 2010 * Brief Description changed: ***CHAIN FREE*** RECENTLY REFURISHED*** HIGHAMS PARK, CHINGFORD! Look no further we have this outstanding 3 bedroom property now available! It benefits from 2 receptions and 2 Bathrooms. Call ***3 BEDROOM HOUSE*** ***2 RECEPTIONS*** ***2 BATHROOMS GROUND & 1ST! *** ***WALKING DISTANCE TO HIGHAMS PARK THE AREA FOR YOU? STATION & SELWYN PRIMARY SCHOOL*** CALL us today on 02085902003 0208 590 2003 to arrange viewing and to find out more about the incentive! viewing!!!! [Found by n/a] * Title changed: Winchester Road, Highams Park, Chingford, E4 9LL [Found by n/a] 02 June 2010 * Status changed: from 'Under offer' to 'Available' [Found by n/a] 13 May 2010 * Price changed: from '£269,995' to 'Offers in Region of £269,995' * Status changed: from 'Available' to 'Under offer' 04 May 2010 * Price changed: from 'Offers in Region of £264,995' to '£269,995' 28 April 2010 * Price changed: from '£264,995' to 'Offers in Region of £264,995' [Found by n/a] 25 April 2010 * Brief Description changed: HIGHAMS PARK THE AREA FOR YOU? Look no further we have this outstanding 4 3 bedroom property now availalbe! available! It benefits from 2 receptions and a great incentive. 2 Bathrooms. Call us today on 02085902003 to arrange viewing and to find out more about the incentive! [Found by n/a] * Subtitle changed: from '4 bedroom terraced house ' to '3 bedroom terraced house ' [Found by n/a] 05 January 2010 * Price changed: from 'Offers in Region of £264,995' to '£264,995' [Found by n/a] 14 May 2009 * Price changed: from '£264,995' to 'Offers in Region of £264,995' [Found by n/a] 12 May 2009 * Price changed: from 'Offers in Region of £264,995' to '£264,995' [Found by n/a] 01 April 2009 * Price changed: from '£264,995' to 'Offers in Region of £264,995' [Found by n/a] 27 March 2009 * Price changed: from 'Offers in Region of £264,995' to '£264,995' [Found by n/a] 08 March 2009 * Price changed: from '£264,995' to 'Offers in Region of £264,995' [Found by n/a] 04 March 2009 * Price changed: from 'Offers in Region of £264,995' to '£264,995' [Found by n/a] 17 February 2009 * Price changed: from '£264,995' to 'Offers in Region of £264,995' [Found by n/a] 14 February 2009 * Price changed: from 'Offers in Region of £264,995' to '£264,995' [Found by n/a] 12 February 2009 * Brief Description changed: Aldborough Estates is glad to bring to HIGHAMS PARK THE AREA FOR YOU? Look no further we have this outstanding 4 bedroom property in Highams Park. The property has now availalbe! It is close to Highams Park Rail Station and near local amenities. Great vendors incentive; 5% paid towards your deposit if sale price achieved.C... benefits from 2 receptions, kitchen, bathroom and garden. receptions and a great incentive. Call us today on 02085902003 to arrange viewing and to find out more about the market incentive! [Found by n/a] 08 December 2008 * Price changed: from '£264,995' to 'Offers in Region of £264,995' [Found by n/a] 05 December 2008 * Subtitle changed: from '4 bedroom terraced' to '4 bedroom terraced house ' [Found by n/a] 29 October 2008 * Price changed: from 'Offers in Region of £269,995' to '£264,995' [Found by n/a] 23 October 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 18 October 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 06 October 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 04 October 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 27 September 2008 * Brief Description changed: *VENDORS INCENTIVE IF SALE PRICE ACHIEVED Aldborough Estates is glad to bring to the market this well presented 4 Bedroom Terraced House bedroom property in Highams Park! Park. The property has 2 receptions, kitchen, bathroom and garden. It is close to Highams Park Rail Station and near local amenities. Great vendors incentive; 5% TOWARDS YOUR DEPOSIT WILL BE PAID BY THE VENDOR!* ALDBOROUGH ESTATES are pleased to offer paid towards your deposit if sale price achieved.C... [Found by n/a] 22 September 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 21 September 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 15 September 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 13 September 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 10 September 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 14 July 2008 * Brief Description changed: *VENDORS INCENTIVE - IF SALE PRICE ACHIEVED, ACHIEVED 5% TOWARDS YOUR DEPOSIT WILL BE PAID BY THE VENDOR!* ALDBOROUGH ESTATES are pleased to offer this well presented 4 Bedroom Terraced House in Highams Park! [Found by n/a] * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 08 July 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 07 July 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 02 July 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 30 June 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 27 June 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 26 June 2008 * Brief Description changed: Aldborough Estates are pleased to offer this well presented 4 Bedroom Terraced House in Highams Park, with Park! *VENDORS INCENTIVE! INCENTIVE - IF SALE PRICE ACHIEVED, 5% TOWARDS YOUR DEPOSIT WILL BE PAID BY THE VENDOR!* [Found by n/a] * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 21 June 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 06 June 2008 * Brief Description changed: Aldborough Estates are pleased to offer this well presented 4 Bedroom Terraced House in Highams Park, with *VENDORS INCENTIVE INCENTIVE! [Found by n/a] 01 June 2008 * Price changed: from 'Offers in Region of £269,995' to '£269,995' [Found by n/a] 17 May 2008 * Price changed: from '£269,995' to 'Offers in Region of £269,995' [Found by n/a] 10 May 2008 * Price changed: from 'Offers in Region of £274,995' to '£269,995' [Found by n/a] 07 May 2008 * Price changed: from '£274,995' to 'Offers in Region of £274,995' [Found by n/a] 25 April 2008 * Price changed: from 'Offers in Region of £274,995' to '£274,995' [Found by n/a] 23 April 2008 * Price changed: from '£274,995' to 'Offers in Region of £274,995' [Found by n/a] 18 April 2008 * Brief Description changed: Aldborough Estates are pleased to offer this well presented 4 Bedroom Terraced House in Highams Park Park, with *VENDORS INCENTIVE [Found by n/a] 04 April 2008 * Price changed: from 'Offers in Excess of £265,000' to '£274,995' [Found by n/a] 30 March 2008 * Price changed: from '£274,995' to 'Offers in Excess of £265,000' [Found by n/a] 22 March 2008 * Price changed: from 'Offers in Excess of £270,000' to '£274,995' [Found by n/a] 18 March 2008 * Initial entry found. [Found by n/a]
  2. One of the earlier mega-bucks shoebox development across by West India Key has had some big hits! One sold a few months ago ... 2002 Apartment 26, Hertsmere Road, Leasehold (Flat) Sold for £720,000 on 05 Jan, 2009 compared to new... 2002 Apartment 26, Hertsmere Road, Leasehold (Flat) Sold for £990,000 on 15 Apr, 2005 Thats a huge £270,000 pounds down the 30 odd storey drain. I don't even think this was for a penthouse as 2-bed units are on sale like this one - Rightmove? Ridiculous - they dont even have a balcony!
  3. ''OPEN DAY SATURDAY 25TH APRIL 2009 10AM-12PM PLEASE CALL FOR APPOINTMENT'' - Isn’t this a contradiction in terms?
  4. One thing I don’t understand about banks is if they are busy handing money out, albeit at 'sensible' salary multipliers, then why aren’t they wise to the Bull trap phenomena that everyone else on this forum understands and which many believe we are in/about to head into? Surely banks pay wizzo financial people to read trends & past history and give analytical advice to those at the top of said bank on the direction the market is heading, or is likely to head in? I would have thought they would not be so eager to invest in a market about to head further South. Or perhaps these advisers are not the genius’s I thought they were or should be – they did get us in this mess after all. This makes me believe the spring bounce/dead cat bounce/bull trap will last only a couple of months technically speaking, but drag on longer because vendors take longer to wake up and see that their house is not worth what they think. Plus, surely the government will have to raise interest rates in the next couple of months?
  5. I was discussing a related point with my father the other day. I thought historically speaking, interest rates available from the bank - at say 5% fixed for 10 years or even longer - could be a good deal to buy in the next 6-12 months? In the overall calculation of say a 25 year term, even paying more for the property now(ish!) with a low rate is not that different in total cost - compared to paying less for the property later, but at interest rates at 8,9,10% etc... or worse? I doubt we see rates at 3 or 4 % unless you have a huge deposit - >50%? Another poster did the maths on this the other day and I appreciate that was discussing peak prices and low fixed/variable rate deals available back in 2007. Banks are surely not going to come close to the base rate for years to come because of the huge mess they are in now. .. or are they? So I wondered how long the story would drag out for? Rates go up, repayments are not affordable, market takes too long to respond back down in price (as seen at the moment with very few transactions as sellers seem stuck on high values). This could take years, as many posters have commented. This ''spring bounce'' only adds to vendors belief that their asking price is good value! Is this 'Spring bounce'' then the start of interest rate increases by the BOE?
  6. As per other posters have commented - if you want to pay less, then wait another year. Which we will probably do and then try to guess the bottom or as near as we can. You dont pay more knowing it's going up in a years time and it's speculation, albeit highly likely that the market will drop another 10%, 20%, 30% etc etc at the end of the day. Im simply trying to ensure that the price is about right at the time of completion, based on what has happened, where prices are actually at and not a year out of date as many properties prices are. But yes, the basic advice Im sticking to is not to buy in a 'plummeting market', but the same thing will happen near the bottom - people will still think/be told by their agent, their price should be higher and not reflect where the price has settled. Off topic slightly, which way do we want RPI etc to head? is Inflation, hyperinflation or deflation good for people who have STR and have good cash deposits ready to buy near the bottom?
  7. I think this is the truth of the matter - prices haven’t actually dropped that much....? The figures labelled by nationwide as average doesn’t actually compute on their own house price calculator. E.g., put in price value today, comes in at price somewhere around late 2005, early 2006 levels, not the early mid 2004 price quoted in their average house price.... confused. The figures are probably made up of such a small sample that these are the first wave of forced sellers etc and not the overall picture. again... ? If people have studied the figures in more detail, where are house selling at these mid 2004 prices? And the real question in response to the original posters topic title, what should buyers be doing to bring prices down - i.e. what should we base our offer on? I am in the opinion you can’t base your offer on where the market is heading, i.e. down and therefore my offer should not reflect where the market is going to be in 1 year from now. More, the offer should reflect prices today - but what is this? Everything at the end of the day in this market has its right price due to size, location etc. I appreciate you might not get there depending on the nature of the seller, forced or not, but answers on a postcard please. :-)
  8. I suppose my point was something along the lines of this... Sellers seem to have in their mind that because their Agent has said it is being marketed at £x, then anyone offering all but a small % off their asking price should be regarded as a cheeky offer. Perhaps there are more agents than I think telling them to artificially raise the asking price to get a sale price at a 'statistical correct figure' but reading posts on here I doubt there are that many honest agents? Or, if this is the game they are playing and informing their vendors of the same - then I would be very interested in any evidence of this, i.e. asking versus selling. I was suggesting that if the property next door sold for £y in say mid 2004 (arguments sake it's exactly the same, the deal wasn’t a forced sale, and that’s the level prices were at etc), then my offer was based on a small % variation on this price and not %25 above as per the asking price. An example of this is a property on the market currently at £305,000. Last sold in March 2004 for £227,000. It is a well presented house (to use the lingo), good location etc etc so I would offer slightly more than what they paid for it... but not much and I probably won't actually until later in this year as the market as more to drop IMHO. Next door sold for £227,000 one month later in 2004... and other examples on the street to give a fairly good price spread for that year. If the agents are not being truthful with trends etc and vendors don’t read sites like this, take exact reference to the news, then who is demonstrating in a polite but truthful manor why the offer I have put in is £z. A sort of education on why they need to reduce their expectations - doesn’t it make the price crash quicker? My view isn’t based on experience so thanks’ for others input. I’m just trying to work out what the best strategy is when I come to make an offer. Some posters here have advised to write their offer on paper and post directly through the front door as well as to the agent, just in case of not passing them on etc. (I know they legally have to, but some people have commented about a ''floor'' in which the agent doesn’t pass the offer on?) If anyone has another take on the psychology of getting an offer accept – at it has worked then I’m all ears!
  9. Thanks dandandan - that's the one. Although I had forgotten it was written for the States but assume one could rewrite slightly with Nationwide and Halifax data inserted in. Trouble is, it doesnt stop people who are selling saying ''I dont believe in statistics, my property is better than the average [as in average house price for the date etc etc]''.
  10. Someone on this forum wrote a good post in the past that had a template letter to send to the vendor on explaining why prices have come down and hence why you/me are offering x% down on peak/asking price. It was very well written, based on market evidence/future trend, simple, not aggressive, plenty other homes in the sea etc, and ended in something like... ''...you too can use this letter in negotiating a similar reduction in price on the property you are moving onto.. ‘’ Anyone remember where that is? I thought I had bookmarked it but I don’t seem to have it.
  11. Hello All, We are looking in North / North East London at a 2/3 bed terraced house and have been watching prices for over a year. We haven’t actually physically looked at any properties or made any offers but we do want to start the process in the next few months/ half a year. However, asking prices are just unbelievable to say the least. Thanks to access to data on the web, it is easy to both find the previous sold prices and even the last sold price of the house that's on the market as you all know. But here is where the frustration begins - one nice place that is on the market is listed at £305,000 or so. It was last bought in March 2004 for £225,000 ish. If we are at mid/early 2004 prices (I think this is right?) then this place is some 80k over priced. But if you went in with any offer of £225,000 (about 25%) it seems likely that they would politely tell you to move on... Incidentally, another property on this same street sold for £215,000 about the same time. I find this same difference in pretty much all the properties in this area. I know the proof is offering this %25 off the listing but what are other people’s experiences with offers and listed prices? This surely would fall into the cheeky offer thread? As it takes 3 months or more to see the final sold price on the various land reg sites, it's hard to get a picture of this range. Thank beerhunter for property bee as this makes it easier to spot stagnant prices but this isn’t always the way. Cheers
  12. Good post - an enjoyable lunch time read. I'm amazed the Agent was organised enough to have kept your offer in their file!
  13. With all the wealth of information available here and interpolations of data versus the last recession/house price crash, it is clear we are sometime away from the bottom of the crash. I have been studying prices for over a year and seen evidence of prices coming down but also the lack of good housing on the market compared to over a year ago. I don’t just mean houses that are cosmetically better - new bathrooms, kitchens - but mainly the actual physical style, layout, location in the street etc. I assume a lot of lesser stock is buy-to-let or repossessions that stretched themselves too far or the lower end of the quality spectrum, but is this going to get worse over the next year or so? Those who have the 'nicer' houses are more likely to be in denial that their hard work hasn’t paid off and hence stay where they are. Although I appreciate they are still at risk of losing their jobs etc. We are looking to buy in the next year or so, even if it has not quite reached the bottom (long term purchase etc etc) but my question is, during the last downturn in the 90's what kind of homes were more available? Was there a whole range? Were asking prices anywhere near sold prices? To note, we are looking in North/North East London for a 2/3 bed terrace, end or terrace, semi etc. Thanks!
  14. Is that right? Have you checked your statement as that is probably an old printed charge they have in their office and not up to date. Im sad to say I bet you get charged nearly £28. You see it in shops here from time to time - Debenhams had prices in Sterling and Euros stuck to the box the other day- a £7.50 item had 10 euro printed on. You should write to complain they are charging more than they advertise and offer to pay them £20 as they quoted!
  15. Hard at work doing what exactly? clearing their desks? - sorry, I dont want people to loose their jobs but I have heard too many stories about this outfit to not care.
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