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House Price Crash Forum


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About southernchick

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    HPC Poster
  1. I got a 17 % reduction agreed by the niceley niceley route, and my friend got a 20% discount the same way. Don't p off the vendors - they would rather never sell than sell to someone they dont like. (remember most people think of their house as ahome, not an investment, and are quite likely to be friends with the neighbours. They would not impose an arrogant agressive chancer on their friends.) Both of us were chain free.
  2. Approximately 1000 square feet spread over two floors 28’ large kitchen/reception room with granite work-top 17’ separate living room Access to basement patio garden En-suite bathrooms for the two double bedrooms £1800 pcm Appx. 760 sq ft over the top two floors 18’ large kitchen/reception room with granite work-top Views across to historical Battersea Power Station Potential for access to roof terrace (approvals required) En-suite bathroom for master bedroom £365,000 Different Properties - still wouldn't pay £1800 though
  3. Like all jobs, there are some people who are fantastic amd natural (and deserve more pay, perks and conditions), and there is dross. In union led industries, like teaching, everyone gets treated equally, despite of their ability. So crap teachers get the same pay and hours as amazing teachers. In a competitive market, the rubbish staff would fall at the way side. I say unions are detrimental to good teachers, and deter the best in the field entering the "profession". SC (school governor, so i know what i am talking about)
  4. We played this game in May 1991. First time buyers. Found the town we wanted to move to, found 6 suitable properties, priced between 120K and 150K. We offered 93K on each - telling all the agents what we were doing. We said we would purchase the first house that accepted this offer. Got lucky - one had a job relocation so had to sell. BINGO. Its identical neighbour had gone for £160K ish a year or so before. Best of luck to all, SC
  5. The EA staretd on 10k salary, and now drives an Audi - is that not the classic Foxtons route - 10 K base, mini to start and audi for those who are successful?
  6. Just recieved a heap of applications for a reception job I am advertising. There are four applications from EA negotiators all at different companies who state they have been made redundant. Also, another 3 from car dealerships, again redundant. That is out of 35 replies. Interesting (West Berkshire)
  7. Seem to be selling here again. I know two houses that accepted offers within 1 week!! Lots of new houses have been built over the past three years, most are sold. There was a dip 8-12 months ago, but things have picked up again. Newbury is one of the lowest unemployment towns in the country, something like 556 people out of work!! Lots of jobs advertised, and people commute to London and M4 silicon valley too. This keeps housing market bouyant. House are expensive, but as there are loads of jobs, people will pay. Also, lots of apartment complexes have gone up everywhere, and these are al
  8. My house also appeared on Nethouseprices, correctly, but then disappeared. Bought in Aug 05, was definately on sites in Jan 06, now no longer there! SC
  9. Hey, I've not posted on here for ages (since I bought my house, at a bargain price, and have been too busy decorating and turning it into my fab home), so dont know if this has been covered yet: An often quoted statistic is percentage of asking price acheived. As the majority of properties in my region have been dropping in asking price over the past 14 months, this masks the real drop. A house returned to the market at £575 this week. It was up for £600 15 months ago, but didnt sell. If they get 500 for it (fair market price, IMHO) it will show as 87% rather than the 83% it has actually ch
  10. I thought I did well with my 20% off. 35% is great. Just need to spread the word. The crash is happening. SC
  11. You have to find the desperate/forced seller. Its these who accept offers and change the market prices. They are the only properties selling at present. I am now living in my dream house, have been here for one month. I offered 20% under asking. Stuck my heels in, vendor finally gave in, as had no choice but to sell. Took one year. Similar house did sell for the 20% higher amount one year ago. Local builder, finally slashed same 20% off and instantly two out of six properties sold. Others finally getting viewings. All his money tied up, contractors paid, needed cash flow. Same for second l
  12. I am in the same situation to, BUT, I live mid way along the M4 (10 miles from where I grew up). Friends who now live here used to live in London, but could not afford the prices, so moved west. The west move pushed up prices here, so other friends have moved further west. If you work locally, you buy West of the town, and displace those locals further west. Im not sure what happens to those on the devon and wales coasts. Do they fall of the cliff or emigrate? Remember, the incommers have often been pushed out of their own local towns too. What is the answer? I think I am explaining the ripp
  13. I lived in Sydney, Australia from 1988 to 1992. We returned to catch up with our friends in Jan 04 for three weeks. Just at the start of the crash. The first talk of price falls was about two weeks after we got back. Sydney in 1992 had the city, the suburbs, and lots of corrugated roofed wooden houses sporadically spaced between the city and the Blue Mountains. There was lots of building going on in the southern suburbs, but there was patches of green. 2004 - The land between the city and the Blue Mountains has been completely filled, mainly due to the Olympics being held there. The Sprawl
  14. Sounds like they think they will get a bidding war. Should they not have just said "sealed bids in by XXXdate, guide price 145 - 180K?" If the local price really is 170K, and £145 is really priced to sell, then you would think they may get a couple of bids at true market value, and a quick sale, around the 145-150 mark. Similar to auctioning it. SC
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