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janch

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Everything posted by janch

  1. Well my real life experience cost me approx £500 (as the seller) after the buyer withdrew at the exchange of contracts. He paid for a survey. I paid over £100 to a management company for a "seller's pack" then costs for buying the next place which were for local authority searches etc (can't remember exactly but I totted it up at the time). This was for selling the cheapest 2-bed terrace which I'd bought as new and on an estate hence the cost of "seller's pack" which was a total rip-off. As the sale didn't go through and the chain collapsed I stayed put in the end.
  2. I agree with purple slug as I've bought and sold a few times and always used traditional EAs. The easy bit of the whole process is the sale/purchase. After that the good agents come into their own as a third party pushing along the process and preventing a lot of potential hassle from the buyer/seller. They only get paid when the process is complete. Any agent worth their salt gets to be a good judge of character and is able to get rid of the time-wasters and idiots.
  3. Being in control of one's own destiny instead of at the mercy of LLs and LAs is worth quite a lot in my book so good luck.
  4. Another ploy I've noticed on RM is "marketed by" instead of "reduced". Maybe it sounds better??
  5. Sarah Beeny isn't on any more and had the sense to get out while the going was good. Her last series was about extending where you are instead of moving. At least she used to get her hands dirty and actually do some work. I wonder if K&P will be axed soon when the MSM see property as it really is instead of the golden goose and the means to riches. I used to watch but have become more than bored especially when every house-move is described as difficult and that K&P have their work cut out blah blah......
  6. A change of mindset is badly needed. When you have reached "peak stuff" which many in the west now have, what is the point in wanting more and more (BTL springs to mind here). It is the human condition to want to better oneself (or are we brainwashed into that?) but there comes a point when spending more and more on more and more doesn't increase happiness one jot. We are greedy as a species and if we weren't, many of the world's ills would be cured and those in the developing world would get more of a chance. My father had a saying which we would do well to remember: "Enough is as good as a feast". I think there are some people around who do think like this and to this extent I think we are at a turning point.
  7. I see why DB is right now www.zerohedge.com/news/2018-04-09/beware-mother-all-deflations It's because banks create money every time they issue a mortgage whereas in the past (up to 1982) houses were bought using building society mortgages which were issued using money saved by depositors so there was no increase in the overall money supply. Since 1982 there has been a large increase in the money supply which is now reversing as the number of mortgages is decreasing so prices will inevitably go down.
  8. www.zerohedge.com/news/2018-04-09/beware-mother-all-deflations It's because banks create money every time they issue a mortgage whereas in the past (up to 1982) houses were bought using building society mortgages which were issued using money saved by depositors so there was no increase in the overall money supply. Since 1982 there has been a large increase in the money supply which is now reversing as the number of mortgages is decreasing so prices will inevitably go down.
  9. Unfortunately this isn't how it works in real life any more. Most GPs seem to have so many patients that it would be impossible to know them all.
  10. You might like to have a look at this thread...............
  11. Hopefully the police will prosecute and the LL will be jailed........then he won't be able to collect the rent. Let's hope the Guardian take up the story. Also are you in an area where there is a LL register? This is one reason why there should be such a register nationwide.
  12. ................but that 6% is still a lot and it's the same as the 6% spent on defence according to your pie-chart.........good to put it in context though
  13. This is very good news for HPC and is what started "the crash that never was" in 2008. What we don't need this time is more "help"
  14. http://www.rightmove.co.uk/property-for-sale/property-62599048.html Someone capitulating.............
  15. 100% agree and couldn't have put it better myself
  16. Someone in Cardiff wanting to offload their hoarded property: http://www.rightmove.co.uk/property-for-sale/property-62599048.html An honest EA not mincing his words.........surely not. What's the betting they all need plenty of work to turn them into family homes?
  17. Wow! A picture paints a 1000 words etc etc...............That really says it all......
  18. Villages around are good and bad. I keep an eye on Crowthorne and Sandhurst....a lot of posh houses with extensions and building work all over the place but Sandhurst has next to no shops and those that are there are very disappointing (betting shops and the like) whereas Crowthorne High St is OK. Unless you have a car though you're stuck as buses are infrequent although luckily the stations escaped the Beeching cuts of the 60s. They seem to be primarily dormitory places without much heart.
  19. Well my CT is more like 20% of my state pension income and that's with a single person discount. Unfortunately/fortunately I'm not eligible for pension credit as my savings are too high....................but I can sleep more soundly knowing I have some savings rather than debts and living on handouts.
  20. I recently had to fill in a form via the solicitor in a house sale and purchase saying it was my only property so not liable for CGT. Maybe the solicitor was only covering their back or maybe they do have to report liability.
  21. Yes the ripple outwards from London is happening. I follow Wokingham and surrounds plus places in Hampshire and Herts. Typical 2-bed terrace (typical BTL type house) was £300K+ and now some are as low as £275K ......still way over-priced but a few steps in the right direction and some are obvious ex-BTL as an added bonus. Further along the M4 (westwards) seems to be stagnant price-wise though.... My favourite game is to look at additions to RM in selected locations in the past 7 days which includes reductions. Sometimes there's >50% reductions which warms the cockles of my heart.
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