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About jimmyblueeyes

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  1. Do sit back but I do recommend going on viewings, you do start to collect a better picture of what is happening locally and it becomes easier to sift out the deluded sellers by doing plenty of viewings and making comparisons. If you are proceedable you are gold dust to some, so knowing the EA's and having your name on the EA's priority list of people to call asap is no bad thing imo.
  2. We did 3 viewings yesterday, purely anecdotal but I thoroughly enjoyed these comments from the EA's we met 'market is weird at the moment' 'market is slowing down' 'the London money is slowing' '4 years ago I would of sold this house in an afternoon' (it has been on the market since April 18) 'we are encouraging vendors to list as soon as possible as we are expecting a flood of new listings in the autumn' 'we sent this property to our client list of 400 investors/landlords and not one was interested' 'the seller only wants to see a proceedable offer that can move very quickly' All in all a lovely afternoon, looking to do a few more this weekend!
  3. Our particularly low offer was based on a trusted builder estimates of £60k+ renovation and the house was already one of the highest priced on the street historically despite tonnes of work required. 4-6 months of hard graft and stress thrown in as well for something the same as a previous house sale last year (which was in good nick). Just didnt add up to us. In hindsight, we should of offered just below asking, 'agreed' but then renogiated hard after the survey and subsequent builder quotes. That seems the way people do it and more palatable to the 'my house is worth more than that' sellers or those that have happily lived in a rotting, dilapidated house for decades and consider it worth more than the neighbours nice house up the road. Live and learn.
  4. Offered £315k on a house already reduced down from £400k to £375k recently. I was expecting to be ignored but it went to the vendor and they came back with offers around £350k. Bearing in mind it needed a ton of work we didnt want to up it that much. It sold recently but wouldnt be surprised to see it back on the market after the survey. It was a wreck. It was encouraging offers were not being ignored. 1 in 5 buyers offer over the asking price which we cant/wont compete with or entertain but thats what you can be up against and until sentiment or credit availability really changes I cant see that stopping. Maybe sentiment is changing, lets see what autumn/winter brings.
  5. Mmmm.... now that co-ordinated BBC down-valuation 'news' story last week starting to make sense. Hard working young people missing out on their dream homes because they dont have a big enough deposit. We cant have that, lets loan them the shortfall. Sick.
  6. "Phil Broodbank says the surveyor did not look inside his house when valuing it" "We suddenly had to find £5,000" Lets shift the blame and responsibility eh folks, you couldnt be wrong or paying over the odds, nope, no chance.
  7. Not for everyone. First listed £195,000 on 7th Mar 2018 Asking price changes £185,000 5.1% Reduced on: 9th Apr 2018 Page views Last 30 days: 271 | Since listed: 961 Figures updated once daily Last sale £195,000 on 1st Aug 2017 https://www.zoopla.co.uk/for-sale/details/46839338?search_identifier=cd4198fae4e2fcf061ba0eef10e015d3#9b9lmzwfswohm3jf.97
  8. Some choice Surveyor Sales Comments from this April RICS survey David Robinson, AssocRICS, North Cornwall, Stags, d.robinson@stags.co.uk - A lot more properties coming to market and buyer proceedability slipping, Vendors need to be realistic about price. graham@thornes.org.uk - A difficult month with worries aboutBrexit further stalling vendors aspirations. frostweb.co.uk,beacons eld@frostsurveyors.co.uk - Stamp duty for second homes and generally negative legislation for landlords have impacted the market substantially, therefore houses for sale have to be competitively priced. twebb@trenchard-arlidge.co.uk - Buyer enquiries at a lower level. Government interference in the property market damaging to all price ranges. enquiries@acrewoods. com - The level of demand since the start of the year has been lower. There is uncertainly within the market including Brexit, interest rates, as well as job security. Properties are generally overpriced, but stocks are low. Hence stalemate. james.perris@devilliers- surveyors.co.uk - Some signs of improvement in the market this month although pricing must be very competitive to attract interest. property@jjdell. co.uk - Instructions picked up slightly, market still slow for the time of year.
  9. Thanks @Sour Mash would be happy with 12%, making lots of calls tomorrow with a plan of playing dealers off each other a bit. I prefer to haggle in person, but the vehicles I am interested in are all over the country. Not used carwow so will look into it.
  10. Apologies if this is off-thread, but am looking to buy a 2016/17 VW with cash at the moment, am I in a better or worse position for haggling without finance ? I have never revealed my target price but most dealers give me the old 'price is set by head office' before knocking off a 'final' £200 off a £15k vehicle. The last vehicle I bought was in October 2008 a week after Lehmans and it felt like a good time for haggling, salesmen all desperate to do a deal. Not so much now. Any tips or recent buying/haggling experiences would be appreciated.
  11. Traffic seem to be down on the M4 this year. Not quite 2009 but journey times have been shorter.
  12. There was no squealing from RICS the market was getting 'killed' when monthly average increases were going up faster than most FTB's deposits.
  13. From the FT earlier this year... Most buy-to-let landlords who took out mortgages on rental property between 2014 and 2016 will be unable to fully service their loans using income generated by their investment, according to research looking at the impact of property tax changes. The report by S&P Global Ratings found that 60% of buy-to-let loans from this period will effectively become lossmaking as higher rate tax relief on mortgage interest is phased out over the next three years. The full effect of the tax changes, which will not be seen until 2020, will be to reduce the post-tax profitability of nearly all buy-to-let mortgages by an average of 21 per cent. Lambs indeed.
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