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Everything posted by mrcrabs

  1. I have seen this type of listing many times before. Usually they are repossessed and the bank advertises the best offer then says it will proceed with the sale unless it receives a better offer within 14 days. The wording in this listing is very different. If that was my offer I would not proceed/waste any money until the wording of this listing was changed or withdrawn.
  2. PropertyBee does not appear to work on the new PN website.
  3. Also from Belfast Telegraph today : Business soapbox: David Menary ( EA at BTWCairns) http://www.belfasttelegraph.co.uk/business/business-news/business-soapbox-david-menary-16006114.html "Prior to 2007, house prices generally grew at a steady annual rate of say 3-5%." Seriously David! Must be typo, surely he meant 35% "The steady decline in house prices since mid-2007 is the result of the property bubble bursting, the impact of which has been felt across the board." Not sure many people would call it a steady decline. "Vendors and purchasers might well ask when the decline is going to en
  4. He might have thought that you were not serious, but what a pathetic way for a salesman to behave. Could not be bothered, did not try to engage you or ask you any further questions to see if you were serious about renting. S S : not so much " EA filtered out one more time waster" but rather EA could not be bothered.
  5. Their TV ad ends with : "Our team searches so you don't have to" , not true, in my experience over the last 18 months. Osborne house has been sitting for ages and slowly reducing. A similar house directly opposite to this house is 170K cheaper !
  6. We have just finished the mortgage process. It took us 12 working days to get the mortgage approved from when all the stuff went off, and then a further week to arrange the survey. This was with a very straight forward mortgage application with all the correct paperwork submitted with the application. So, I wouldn't worry too much yet.
  7. Remember Viz magazine? That sounds like one of their "Top Tips"!
  8. This house was originally listed at £1.65m in October 2009. It was reduced to £625k on Friday ( says POA, but listing has changed on PN and is now between 2 houses at £625K). How did this estate agent think it was ever worth near £1.65M, some people rely on EA's to at least give an idea of what a property is worth. This is just pathetic, shame on this EA! http://www.propertynews.com/brochure.php?r=1&c=1&s=106783735&i=0&p=TRLTRL56655&fp=1&sort=h2l
  9. At least Samuel Dickey from Gerry O'Corror's is being realistic about what lies ahead.
  10. It is very common at present to get an offer refused as there seems to be a new wave of denial regarding asking prices. However it does not make sense to offer a lot less than before just because they refused your initial offer, unless you think that the market has continued to fall and you initial offer is now unrealistic. We have offered on several properties and have been refused, they are all still for sale. We would not offer the same as we did on the houses that we did on a year ago, as prices were higher and choice more limited then. We would still take the recent ones at our original o
  11. The current differences in Property News prices pretty much reflects the listing or last updating dates. If they have been sitting at that price for more than 12 mths, particularly in the resale market then there is something wrong with the price. A newer listing coming on will more likely to be closer to the price that is selling at the moment. This is not true in BT9 at the moment. Most newer properties are still coming on at the usual unrealistic prices, and don't seem to be selling. Denial has been fed by recent media reports of price increases over the last few months.
  12. I notice that No.20 was also for rent and has gone "let agreed" for £1000/month. Better to rent it out and increase the asking price, everything will be better in 6 months!
  13. Yesterday I noticed that these 2 new builds in Piney Hills, BT9 had increased from £499k to £699k. They have been for sale for over a year and had gradually come down to £499K in Jan 2010. One went sale greed and is now for sale again, the other has never been sale agreed. Why the huge increase in asking price? If they didn't sell for £499K they aren't going to sell for £699k! Is this a ploy so that someone thinks they are getting a bargain with a "low" offer in the future? They both share one sloping back garden! http://www.propertynews.com/brochure.php?r=1&c=21&s=95936855&i=1
  14. Ok. This is slightly confusing and I think that BT and The Independent have made a mistake in saying that lending has plummeted by 83% in March. Here is the BoE press release : http://www.bankofengland.co.uk/statistics/li/2010/mar/lendind.pdf It seems to me that mortgage approval rates have risen slightly in March, and net lending secured on dwellings increased by £0.3 billion compared with an increase of £1.8 billion in Feb. So, lending has increased,( not fallen by 83%) it's just that it has only increased by 0.3b in March compared with 1.8b in Feb. Is his correct? If so the headline
  15. http://www.belfasttelegraph.co.uk/breaking-news/uk-ireland/mortgage-lending-plummets-by-83-14791585.html Mortgage lending plummets by 83% in March. Based on data from Bank of England.
  16. I am looking at BT9. The opposite is true here. Not much moving, lots of the old stock coming down in prices, lots of new stock coming on at much lower prices than last year. I think that estate agents are working to convince people to put on at lower prices than last year, as otherwise they will join all the other very overpriced houses.
  17. So can it be said that "positive"/ramping media stories are actually helpful for those wishing to buy.
  18. I have been thinking about this recently. Positive stories from the media seems to have helped persuade more people to put their houses on the market. Over the last 2 weeks there have been many properties added to BT9, some may be due to the time of year, with very little going sale agreed. Hopefully the next step down will be facilitated by a larger supply, helped by positive media stories.
  19. BT9 at below RV http://www.propertynews.com/brochure.php?r=1&c=413&s=84722423&i=0&p=PNC491401&fp=1&sort=added price £375k RV£430k
  20. If you use the 5th Annual Demographia International Housing Affordability Survey looking at affordability of worldwide urban areas you can see that Belfast is the 16 most severely unaffordable region in the world, and along with London is the most unaffordable region in the UK. They use Bank of Ireland, Halifax, University of Ulster and Nationwide for data collection. http://www.demographia.com/dhi.pdf Page 17 for Belfast data, and P47 for methods and data collection Bank of Ireland, Halifax, Nationwide and University of Ulster
  21. Found this one in BT9 . On at £385k, DCV £470k. Needs some work, but still not bad. http://www.propertynews.com/brochure.php?r=1&c=417&s=81687568&i=0&p=TRLTRL57589&fp=1&sort=added
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