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House Price Crash Forum


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About ruthyk

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  1. Try £87k- houseprice.com reveals it sold for £150k......... and it's under offer! *faint*
  2. How's THIS for "capital growth".. Just come on the market at £425,000 http://www.rightmove.co.uk/property-for-sale/property-30497749.html Last sold price ....£45,000..in 2004 http://www.houseprices.co.uk/e.php?q=the+cottage%2C+st+marys+island&n=10 Admittedly sold price in 2004 seems low, seem to recall it needed renovating..........but erm
  3. Post Script- received payment by cheque of the debt on the last date for payment. Cheque didnt bounce! All round quite an unpleasant experience though. To other purchasers, make sure you ask questions, and make sure you have a thorough solicitor!
  4. Update on this for anyone interested. We were at court yesterday after pursuing a claim through the small claims court. Court were satisfied an agreement was in place that curtains/poles etc be left. I had copies of letters from the estate agent, and solicitors confirming that was originally agreed, and also that we had met at the house at a later date. After that my sol wrote to theirs setting out what was agreed, and that together my witness statements were sufficient for the court to agree an oral contract was in place. Also Caveat Emptor has exceptions. Specifically, as i asked them to confirm everything was in good working order, they had a duty not to mislead or misrepresent. Even if the oven and shower broke after that, they then had a duty to notify me of anything broken or to remedy it prior to completion. Finally, the standard conveyancing forms they signed include a provision that all keys must be handed over on completion. As they didnt, we were reimbursed for that too, and there was also written confirmation that they would service the boiler prior to completion, which they then admitted they hadnt done. Result- award of £900 plus court fees of £135. Its been a complete pain, and i wouldnt make the same mistakes again as it wasnt very nice taking them to court.
  5. Actually, i think ive discovered the reason that prices in NE26/ NE25 stay shockingly high. Its low turnover and vulturistic EAs. I was bored this afternoon and trawled through houseprices.com. My street which consists of 109 abodes, shows 63 sales in 11 years. Our 84 year old next door neighbour bought his house in 1959... as did most of the street! Looking at the whole of NE25, turnover is tiny!! It equates to approx 20 sales/month over the last 5 years, which is 1200 homes out of erm....say 10,000? i suspect it's more Most people dont need to sell, and wont need to sell, however bad things get, as at least 90% of those bought in times gone, and if people who bought/sold are anything like us, we downsized massively. And we have another 3 estate agents opening shop, all trying to pitch prices higher. No wonder Whitley Bay has the longest selling time for houses. Average 21 months!
  6. Presumably the deposit was held in the Tenant Deposit Scheme or similar? If so, they should be able to tell you how to action a dispute about the amount to be returned. If the deposit isnt held in the scheme or similar, you are entitled to recover the full deposit plus 3x the deposit from the landlord. see link http://www.thedisputeservice.co.uk/
  7. Starting to see one or two reasonable drops. This one http://www.rightmove.co.uk/property-for-sale/property-30384734.html Was originally on at £210,000 with a different agent, reduced to £199,00, back up to £205,000 and now down to £160,000. It needs work, but nice location, reasonable size house and the one next door on the market for £229,000 more to follow soon?
  8. Within 1 mile of Monkseaton, Whitley Bay 2 bed terrace http://www.rightmove.co.uk/property-for-sale/property-26391853.html or 3 bed ex LA house http://www.rightmove.co.uk/property-for-sale/property-30300608.html and for double the "average" big 3 bed semi http://www.rightmove.co.uk/property-for-sale/property-20960881.html or 4 bed detached http://www.rightmove.co.uk/property-for-sale/property-30687668.html?premiumA=true
  9. Hmmmm... ive noticed over the last month that for some reason the Land registry sold data is WAY off. We bought a 3 bed semi in south wellfield, completing 14th May. The people we bought from also completed a purchase on the same day in South Wellfield, and 3 other houses we looked at during feb/march/april also completed during May ( know one of the vendors, and someone who lives opposite the other house on Valley Gardens and the sales definitely went through) , yet not ONE single transaction shows up on houseprices.co.uk. If that is 5 transactions "missing in action" that i personally know of, how many more are there?? The lack of data gives a distorted impression on price direction here, which currently appears to be up, yet every single one of the transactions i know of was at least 10% off advertised price, and below 2006 prices. Im starting to see some decent drops in some prices on RM too after only a month or 2, but equally new properties at stupid prices, but it's all still veryyyyyyyyyyyyyy slow... and yet we have another 3 new estate agents opening up too lol. Like we need more?! Whitley Bay.. the land of estate agents and charity shops...
  10. Thanks for the input. Ive made a list up ready for solicitors return. It occurred to me that after id been round to sort out which curtains were being left (ie all of them bar one set), that after informing my solicitor, he should have clarified that in writing with sellers solicitor. The other thing i forgot was, we havent got a key for the front door- they cant find it... so had to have a new barrel fitted.... Ill see what sol says, but will go down small claims route if neccessary, unless they make me a reasonable offer. If we get back 50% id be happy. Will let you know what happens cheers.
  11. Thanks- good idea, ive put together a list which im sending to the estate agent- at the very least they bear some responsibility for describing the house as immaculate and referring to a shower which doesnt work. Ill send the same list to my solicitor to deal with in 2 weeks time, and if needs be will have to go down the small cliams route i guess. Cheers
  12. Erm yes- but he's on holiday for 2 weeks. It was a query pending his return a week on friday
  13. We had a survey. Cpl of minor issues with roof- other that nothing serious. I doubt the survey would have highlighted that the sellers were going to steal our curtains! Everything else was expressed to be in good working order by seller, so at minimum its misrep?
  14. Hi everyone/anyone. We sold our house at the beginning of the year intending to rent and save as we didnt anticipate our "dream" home coming on the market 2 weeks later. It did, we viewed, we put offer at 10% below, and finally agreed 5% discount on the basis that the house was ready to move in to, everything was in good working order, kitchen a bit old but fine, curtains and carpets to be left etc. As we are early 40s this is our forever home with a huge garden, and despite feeling we'd over paid by 5k, it didnt bother me as i knew id have nothing to spend, and we want to stay here for the rest of our lives, and a mortgage at 2x salary is very manageable. Long story/short- when the list of fixtures and fittings came through, i was a wee bit peeved that they were suddenly intending taking curtains and curtain poles as we'd agreed those were included. Contacted solicitor and estate agent who both agreed they were included and it was suggested we went round to agree what was being left. We verbally agreed with seller that she would replace curtains she wanted to take with similar as i didnt want to move in and have to start instantly looking for curtains. Completed 2 weeks ago, and on the day we get the keys and in the following 2 weeks 1. the curtains are all gone. Ive been left one pair of curtains in a pack that dont fit any of the windows (replacement cost £340) 2. the curtain poles have all been unscrewed and removed (200) 3. the oven was broken. i had a phone call telling me this from the estate agent 1 hour after completion (£101) 4. the shower doesnt work. i thought it did as i pulled the cord to check the light came on, but it doesnt (150) 5. the extractor fan doesnt work in shower room- again light comes on, nothing happens (£50) 6. i suspect the boiler is faulty. My solicitor hassled their solicitor about a warranty for the boiler, and i think we finally got one, but its only enforceable if the boiler is serviced. They said it was serviced in january, but a letter arrived after we moved in saying service overdue. It doesnt give "hot" water and takes ages. Total cost of remedying the above (excluding boiler) is likely to be £900. Id be grateful if anyone could advise on what may or may not be recoverable in the event we have to go through the small claims court! (ive called along to their new house a few times which is only round the corner, but they dont answer!) Thanks
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