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House Price Crash Forum

Helen

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About Helen

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    HPC Poster

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    Norfolk
  1. [The other thing I have trouble with is the whole houses prices crashing by x% - using your example, and aiming for a 30% drop from £239k would be £160k ish - so offers over £200k is already halfway there - less 10% below asking as you never offer the full, and you're nearly there! Is it really going to be this quick? Or will that last bit take forever? Or should I be thinking that the house this time last year would have been on for 250k instead of 239k, and therefore it's already 50k off from what it would have been at it's height (about 20%) - and I should be aiming for £167k? I've worded i
  2. Been meaning ot say for ages W&S, but I do look forward to your posts with the houses count and really do appreciate you doing the analysis for the rest of us. Am v encouraged by the way things seem to be going in Norwich/Norfolk - somehow makes Rightmove's figs for EA seem even more bizarre! A pair of houses near me have each been reduced from £239K to 'offers over £200K' and am also getting a bit jumpy at the thought of lookign round, but they are just out of my price range, so had better sit tight for a while longer I guess.. Helen
  3. Ref the house in Poole - on Rightmove it's for sale for £850K - on the Channel 4 site, it seems to indicate that it was valued at £765k when she renovated it - unless i'm looking at the wrong house... Bought for: £405,000 Renovation budget: £150,000 Actual spend: £260,000 Valued at: £765,000 Profit: £100,000
  4. I would say stay well away from JSM - as far away as possible in fact! Several friends ended up having to go to the small claims court to get their deposits back and when I left a house the letting agent who checked it beforehand spent nearly 2hours checking the house and then they deducted £50 from my deposit as a cupboard door was in her opinion dirty - having had 2 of us spend about 8 hours each cleaning the entire house from top to bottom i wasn't impressed - but they wouldnt budge. I'd never rent via them again needless to say!
  5. Hi, Am a definite lurker - only 12 posts i think since 2004!! would post more but everyone else on here seems far more clued up than I am on what's going on and would definitely show my ignorance if i posted more. Am a would-be first time buyer and am definitely hoping for a reduction in prices, if not a complete crash as I'll then be able to afford to buy - am in a minority on this site I think as I can't really afford to buy at today's prices and would love my own home - fed up living in a sea of magnolia walls and want some colour! Anyhow, I love the site and reading everyone's posts.
  6. Strangely (or typically) no reporting in both the Eastern Daily Press or Eastern Evening News about these I wonder whether Friday's property section in the EDP will make any reference to a difficult market, or will as usual tell everyone how rosy things are in Norfolk!? Incidently, I've been watching 10 properties in North Walsham - all mid or end Victorian terraces - since 9th Sept - as at today's date, 1 has sold, 1 has been removed from the market and 4 have been reduced - one from £157,500 to £149,500. Certainly seems as if the Telegraph is not too far out in its assertions of the pro
  7. Thanks Catflap for your reply - and sorry for being so cr&ppy at putting links on! think i'll be safer if I stick to reading this site from now on ; ) Helen
  8. makes me wonder just who is buying all the houses with these ratios in the county... also, I can't see that with evidence like that, people could possibly think we are not in a bubble or that this is in any way a good or desirable state of affairs.
  9. Property snake is back!!! (from the pinned thread) Obviously ECN don't know or don't care as it's linking to their Homes24.co.uk website via another directory portal! Looking good again, here's NR1: How good ot see all those reductions and not all small 1% or 2% ones!! have been looking at towns across Norfolk on Hometrack today adn see that for most the last 3 months have had no movement at all in prices - although am v pleased to see the news from Rightmove today - 3% in East Anglia : )
  10. Here's the BBC Look East podcast as well: http://news.bbc.co.uk/player/nol/newsid_69...0811&news=1 I can't get the podcast to work - probably because I'm using my work computer - was the item on Look East good? I caught about 30 seconds of it when they seemed to be filiming people camping in a queue for houses?
  11. Hi, will try and catch Look East and see what's said. I don't normally read the EDP but it always seems to put such a positive spin on any house news in the property section (by what I've read on here) was a v nice change to have a bit of realism! maybe finally it may sink through to some people in Norfolk that paying well over £150K for a weeny little terrace in a rubbish part of town is not a good idea! Helen
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