johnny5thumbs
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Posts posted by johnny5thumbs
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Go to about 3:20.
+1
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I hope I dont show up on thier radar, having downloaded over 789GB of porn.
low-res eh ?
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Cheers Chaps
My revised letter, coments appreciated
Dear Sir,
Further to our viewing of ***** Cottage on the 24th April 2009 we have had chance to discuss and consider our position. Consequently, we would like to make you an offer to purchase this property.
We think the cottage is lovely and that it would make a wonderful family home for us.
Whilst we are very keen on the property, I am sure that you are aware of the deterioration in the country’s economy since the beginning of this year and that you are particularly aware of the bad news surrounding the long term future of house prices.
We also notice that the property has been marketed since mid 2008 and has been priced at £297,000 since early December 2008. According to your negotiator, Tim, no offers have been received thus far.
Taking all of this into account, we would like to make an offer to purchase this property for £222,500. I would also ask that you include the curtains fitted in the property as well as the appliances stated in the particulars in this price.
We do need to sell our existing house, before proceeding, which is not presently on the market. If our offer is accepted we would prefer Simon & Son to perform as our agents to help ease the sales process and chain.
We would welcome your proposal to act for us and market our property. At our viewing I asked Tim to contact our local office with a view to appraising our property.
I have also obtained an independent valuation of our current home and assuming that this is somewhere near correct then we are prepared to ‘price sensibly’ to facilitate this transaction.
To fund this purchase we have next to no mortgage on our current property, plus an amount of cash that we are willing to commit. Therefore, with our equity and the money we have in hand we would only need to agree a new mortgage for a low loan to value and low multiple of earnings to complete.
If you would like to discuss this offer further I can be contacted at the above address, or on my mobile, ******.
Yours Sincerely
RDW.
Cc The Vendor, ********* Cottage.
I don't think you've got a cat in hell's chance of knocking them down from 297 to 222 without being in a total cash position. The EA is going to hold out for a higher offer, or someone completely liquid and ready to rock 'n roll. The same agent thing will help, but not enough to swing it. (imho).
Sorry.
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... do I get the same estate agent to sell mine?
There are 'pro' & con' arguments on this one.
One 'pro' argument is that the EA now has two commissions riding on the success of the chain, so he'll work that bit harder to make sure that nothing screws the chain up . That might mean more serious persuasion of all parties to see 'sense' if a price issue comes up before exchange of contracts.
(House price indices can sometimes drop quite a few % in the 8 - 12 or so weeks it often takes to exchange contracts)I'll leave someone else to point out the 'cons'
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I've seen the phrase "Liar Loan" used a lot on this forum, but I can't work out what it is.
Is it where the banks lie about their "bad assets", or when individuals lie about their income on self-cert mortgages?
Actually, I think O.P.'s question was meant to be ironic ...
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Is this analysis correct or the ramblings of someone who has spent too much time on HPC? And did I miss any areas?
You didn't mention Sibley !
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Die große Zahl der reichen Linken zeigt, dass es nicht der Neid, dass Material, sondern treibt sie Hass auf die Gesellschaft der bestehenden Regelungen
I disagree. I thought Kraftwerk's second album was better.
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In the land of Metopia, there live 100 people, two of which are bankers both earning salaries and bonuses totalling 5 million Medollars each.
The other 98 are beggars with incomes of zero, who scratch grubs from the ground and eat berries from the trees.
Fortunately, the media don't dig as deeply as the beggqars when sourcing their data, and have calculated that the average wage in Metopia is, of course, 100,000 Medollars per annum. Richer than Londoners, in fact.
So that's all right then ...
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I do not think that people have realised we have been living beyond our means (one estimate was 20%) as a country thinking we were rich by selling houses to each other ...
Too right ! Reminds me of the old joke about the three antique dealers marooned on a desert island with just two chairs. All three engaged in lively and profitable business for several years.
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O la la. Vraiment?
ええ！ 本と二？
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The Bear run is over and we are now entering a recovery.
... and they said the art of humour was dead !
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The Budget isn' tthe wakeup call.
The (original) IMF report is.
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TBH, I dobt that many holiday let owners actually make a loss in a normal year, so this change isn't going to make much difference.
tim
It'll make a difference to heavily geared hol. home owners. If, say, you bought a few barn conversion units on a 90% BTL mortgage (back in the 'good' ol' days), then you might just about make a small profit after expenses, or even a handy little loss to set against your other profits elsewhere. Much in the same way that private equity outfits deliberately gear their borrowings against the purchase, in order to reduce the tax bill.
The profit, of course, was all in the capital gain on the eventual sale, which was nice and juicy until about 18 months ago.
Now, they'll have to reshuffle their finances to avoid making a loss on that particular part of their empire, so it will affect some.
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Have you looked at Spline's site's price predictor and seen that it doesn't actually predict anything?
The Kalman filter has only been drawn in as far as the last Halifax figure in March 2009, but the two Spreadfair & Tradition scatter charts would seem to imply an upturn in Q1 2011 or Q2 2012 (respectively). So I suppose that's the nearest thing to a prediction that we're going to get from this particular chart.
The Tradition chart seems to predict a return to June 2002 levels, so any bulls or non-bears who consider this to be too extreme can always have a bit of a flutter if they really want to back their belief with hard cash ..
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I feel it's important to have people posting opinions that do not match our own, to challenge our arguments and test out our beliefs. We need to try and avoid confirmatory bias and group think.Yes, we do !
Oh no we don't !
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The insurance covers the tenant, not the landlord.
If the tenant asks mydeposits for his money back, mydeposits will pay it back, and then try and recover it from the landlord. If the landlord is bankrupt with properties in negative equity, then mydeposits will end up out of pocket, and that is the eventuality the insurance policy covers.
In the meantime, let's hope that mydeposits doesn't decide to go belly-up too under the weight of multiple claims or class action. Or at least that their public liability insurance (or whichever insurance policy that protects their clienty) is up to date.
What a shame for this to happen just as green shoots are popping up all over the place and the propertymarket was about to take off again.
(edited: typos, typos, typos)
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The recovery?
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When Grant and Anthea's new tv series 'Don't Miss The Boat' opens on ITV..
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But it says in their FAQs that they always sell nearly all properties???
Remember at the time there was the big debate about the 10% buyer's fee? (Or auctioneer compensation as it is described). I wondered at the time if anyone would be stupid enough to actually buy something in this way. Clearly not. I assume this is because the sellers still wanted the reserve the same hence the purchase price and the fee would have put the overall total well over the true value of the properties.
"All Homes Must Be Sold !" proudly adorns their homepage. Well - they may be 'breaking the mould' of boring old EA's, but looks to me like same old EA style bullsh!t. La plus ca change ...
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Wolff picked himself up from the ground, brushed of the dust, and looked aghast at the two bullet holes in his best gardening jumper. "Gosh, lucky I had my 'National Estate Agent Code of Conduct' in my breast pocket", he muttered to himself. "The 200 odd pages of wisdom it contains have saved my life - not even Hamish Mc.Terrorist could get through that with his puny 9mm automatic."
Suddenly, the door burst open again and Chantelle's sister, Chardonnay exploded into the room. "It's just been announced !" she spluttered. "Kate Barker from the Bank of England's rate-setting committee is now opening the door once again to 100% mortgages. And that's not all ! David Miles, from the Monetary Policy Committee (MPC) of the Bank of England, has said that the worst of the British recession was over. Perhaps Sibley was right all along !"
Chantelle, awe-struck, looked down at her already ample cleavage, looked at Gary and sighed. "Gary. This means that I CAN take up Bootfair's suggestion and have the breast implants that you've been longing for. MEWtime here we come !", she purred happily.
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I have to agree with this. Unfortunately my advice could get you into trouble too (but I actually doubt it). I would just have to get the locks changed immediately AND claim compensation. They cannot expect to receive rent for this property in the condition you have described. I wouldn't let ANYONE in my house risking my personal security. How DARE they touch your belongings - tantamount to breaking and entering in my book. As a student you probably wouldn't be able to afford to but I would book in to a hotel immediately and send them the bill.
I would love to take them to the cleaners as they are breaking the law in so many ways. You must receive 24 hours notice and consent to access and this is total abuse and taking the p**s.
Ring the agent and tell them that you know this is illegal and then get your free half hour legal advice . The most important thing that you need to do though seriously is take lots of photos of everything or even better video it.
:angry:
I agree. Are you entitled to legal aid? If so, get a solr. on the case and sling the book at them. 'Cheeky' doesn't even start to describe the situation. A good solicitor will tell you if you can get away with moving into a hotel and billing them, or at least threatening to do so as a strong bargaining counter for compensation / rent refund.
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What was the name of the horse in Animal farm? He worked harder and harder but at least he had a decent retirement. And we will too.
Ah - I've just realisedf - you were being ironic.
(you can't always tell on HPC)
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What was the name of the horse in Animal farm? He worked harder and harder but at least he had a decent retirement. And we will too.
Boxer. And the pigs sold him - he got taken away in a knackers van. I think my pension's going the same way ...
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Suddenly, the floor retracted from underneath Gary and Chantelle, and they found themselves and their sofa rapidly descending in a titanium-lined tunnel towards a subterranean nuclear reactor.
"Oh bugger", said Gary. "We're doomed, and worse still, we're going off-topic"
"Mr. Wolff - can you please turn off the Lloyds bank promotional video - it seems so real, that we almost believed we were actualy falling !", gasped Chantelle.
"Yes, please - no more sales pitches", agreed Gary. "We're going off topic. What I really want to know is how much we will be able to borrow against our new house once we've moved in. I've seen a really nice Rolex in the jeweller's, and Chantelle would love a fortnight in the Maldives next month."
Mr. Wolff sighed, and after taking a deep breath ....
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Viewed A House Today
in House prices and the economy
Posted
Diffrerent price levels never do fall at the same rate ... bottom-end (FTB / BTL) stuff in my town (South Devon) has dropped by 30 - 35%, whereas middle to upper-middle (250k - 450k) sellers are still generally digging their heels in in at 0 - 15% reductions - negotiating with EA's is like pulling teeth. Oh for a crystal ball ...