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House Price Crash Forum

aptid

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Everything posted by aptid

  1. I can't help with Selby specifically, but expect it to be lower than North Yorkshire locations as the area is not significantly attractive and has flood problems. Last time I was looking actively (2012) asking prices for detached properties in good locations were in the range £180 to £250 per sq ft based on the asking price. The higher figure was usually dreamers aspirational figure or a particularly magnificent property. I used the properties EPC internal area figure (sq metre) and divided the asking price to get the ppsm, roughly divide by 10 to get the ppsf. You can get more accurate prices by comparing sold prices to the original epc int area data (although 1) it does take some time and 2) Internal area is not always 100% accurate and does not include external or unheated areas such as detached garages). Once you have viewed a few it all makes sense. A house with a particularly large garden will push the price up too.
  2. So what other options do I have ? Well this isn't new and a lot of agents recycle their property listings after a while. I used to open up an interesting property and take a print off the screen with the property bee history included, quite easy to do and not much of a bind. You can always print off the agents details, many of which also have the price listed. Not quite propertybee perfect but you'll get the hang of it. You will be surprised how much you will remember about your favourites. Anyway don't be deterred, thorough research will get you the property that you want hopefully at the right price.
  3. My dad was listening to heavy metal in his 30's, but that type made by a band of fascists in Europe in WW2. My father was a Canadian farmer who volunteered for the RCAF, my mum a high school educated munitions worker in the war. For the first two years of the marriage the family home was living in with Grandparents in a council house in a grubby Northern town. In contrast I had the benefit of a good education, became involved in electronics and subsequently computing and was travelling the world plying my skills at 30. I realise how lucky I have been and have far outstripped my parents expectations.
  4. I have been watching the top end of the market for some time and some of the prices are masiively overvalued. Not much in the way of reductions in that property band either, despite not much selling.
  5. I'm seeing a similar thing in North Yorks, one agent who rarely reduces anything, has a fistful on this week with circa 10% reductions.
  6. I'd do what I did. Shut the company down in the most efficient way (see accountant). I now have about 25k in cash, 2 x £85ks in HSBC premier (Mrs Aptid inc), just for when/if I need a mortgage, 2 x £30k in premium bonds (again Mrs Aptid inc) and the rest in NS&I easy saver account. (moved this week from RBS). Too late to buy gold or other currency unfortunately IMO. Oh and start a new company with an account at HSBC for trading accounts continuity even though there was talk of an HSBC downgrade this week. Small business accounts upto £2m are supposed to be guaranteed by the Gov similarly to the 2 x £85 k for personal accounts, question is do you believe them? I won't let my account get too high again. Diversity is the thing I suppose.
  7. The EPC sq m measurement is the area of the house that is heated, it does not include garage space or unheated out buildings. Zoopla offers a stat on the price per sq ft per postcode, quite useful in determining how over priced a property may be.
  8. It seems that any property with an optional status tag, i.e. sstc, under offer, with land etc has been returned to available today. I think it must be RM rather than PB.
  9. My limited experience of this area is in the beginning you see, like and make an offer on a house. If the offer is accepted it remains so until you have satisfied the vendors on your ability to proceed, finance etc etc and then appoint solictors who engage on the legal side of a purchase and the property now becomes SSTC. What set of circumstances reverse that? To go from SSTC to under offer again, presumably the purchaser is no longer able to proceed as first thought, house sale or finance has fallen through but wishes to still purchase the property and leaves his offer on the table??
  10. I have noticed a property go from SSTC to under offer today, would this be an indication that the buyers sale may have fallen through?
  11. ..................due to a break in the chain 5 out of 10 properties listed on page 1 of my search have unexpectedly come back on the market. Is this a HPC record http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=USERDEFINEDAREA^{%22polylines%22%3A%22gtxiIhbiE|vCfs[_aFfeUo}H~eBcuNt{CwpHauBwaLmjC{zC_cI}eDmlBxk%40u_N{oDwdGmHmhOvvq%40uqGe~ArnB|iPtfF%22}&maxPrice=650000&maxDaysSinceAdded=7&partBuyPartRent=false
  12. Isn't the Express estate agency the last resort of the about to be repossessed? Looks like it to me.
  13. I live in the North East and am at last seeing signs of distressed selling. It is mostly manifesting itself in therelatively new build trendy "wannabee an executive" areas where unfortunately some have overstretched themselves keeping up with the Jones's. There is an increase in the use of the pre repo agents too, Express estate agency etc.
  14. Very interesting when you put it like that
  15. Paxo made Balls look like what he is, a self styled economics guru contrarian muppet.
  16. You have start with the premise that properties are at least 10% overvalued when listed (My experience). Secondly you need to develop a yardstick of what similar properties in similar areas are up for, best way in my experience to to determine the internal area of the properties of interest and work out the price per sq metre or foot. (The EPC will provide the internal area dimensions). Adjustments can be made up or down for size of garden etc. Thirdly you can get a feel for the urgency of the seller by seeing how many tweaks, changes and adjustments are made via the rightmove property bee function. lastly numerous websites list propertysold prices & inflation / deflation stats by town area and region, you should be able to determine where a price should be for particular properties from this data. So you should have an idea of the relative value of the property and whether the seller is committed after going through points 1 to 4. If you get a whiff of desperation from the seller you can also check them out online, for a small fee to see if they in trouble financially. As a cash buyer you have extra leverage so go for it
  17. Would that be in the Money or Business section? Just hang on I'll go and have a look.
  18. Attached is a scan outrageously lifted from the Sunday Times (Scotland) Home Section illustrating where house prices are nationally in relation to their 2007 peak. Looks promising for vast areas of the uk.
  19. Teesside airport will undoubtedly close, probably the worst uk airport. I hate it with a passion and avoid it at all costs. The security there is so intrusive, photo taken before going through the metal detectors, whatever the outcome of the metal detectors a pat down search, it really used to tee me off, Newcastle is much better.
  20. "Must add - was the first to view and offer - it was accepted by the owner and there were no further viewings" That's interesting to know, they are offering two properties that could be of interest and I may now have a look and maybe make an offer .
  21. There are two areas I look at almost daily and their listings fell off a cliff today, I assumed Rightmove was bust.
  22. A few of my favourites are, Get a look at the EPC for a property, at the top R/H corner of the full EPC it gives the habitable area of the property in sq metres (not including garages etc.) That way you can determine the price per sq m / sq foot of the property. iphone has a free conversion app to do the metres to feet conversion. Once you know the average price per sq ft or metre you can judge whether a property is overpriced or not, obviously taking into account garden size, land etc. It is worthwhile knowing what price land, garden or agricultural goes for too, if you are looking at this end of the market. Houseprices.co.uk is handy for sold prices. derived from Land registry data I believe. The environment agency to see if your "new" postcode or street could be a flood risk. The full HIP if the property has been on the market before May 20th (ish) 2010. There is some very informative info in there. You can check whether the owner is a director of a business, by a few simple searches on google, you may find that the owner is in financial trouble thus strengthening your bargaining power. Always do a drive by before viewing, the number I have discounted this way is legion, ha! last piece of advice is have a price in mind you are prepared to pay, obviously start below in negotiations and don't go above it. Walk away if you have to. Good luck to all and sundry in their quest.
  23. Similarly to pentup I noticed a few go off market late last year only for some to return recently 5 to 10 % down. Misguided muppets, ha!
  24. I thought Mary showed them up to be the muppets we all knew they were. It was a pleasure to see the EA's cringe when she criticised them and played back their inane ramblings. Well done Mary.
  25. I have noticed over the last couple of weeks a significant increase in the amount of private sellers who are resorting to this marketing ploy to shift their beloved property. I recognise this as a sign of desperation from the seller and was wondering if any hpc'ers haveany first hand experience of this phenomenon, in particular whether the part ex element equates to a % discount the seller has already baked into the cake to accomodate a discount. This being of interest to myself as an "unemcumbered" chain free buyer.
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