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dalek

Gazumping Is Back

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Read especially this little gem:

"Ed Mead from London estate agency Douglas & Gordon says "We have sold a one bedroom flat in Old Church Street near the King's Road, which would have been worth £595,000 to £600,000 at the peak. We put it on at £585,000 and thought we would be lucky if we got anything with a five at the front. It has gone to a German woman for £640,000 with four bidders competing. That would have been unthinkable two or three months ago.”"

I'd like them to be forced to prove this actually happened.

Edited by dalek

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Read especially this little gem:

"Ed Mead from London estate agency Douglas & Gordon says "We have sold a one bedroom flat in Old Church Street near the King's Road, which would have been worth £595,000 to £600,000 at the peak. We put it on at £585,000 and thought we would be lucky if we got anything with a five at the front. It has gone to a German woman for £640,000 with four bidders competing. That would have been unthinkable two or three months ago.”"

I'd like them to be forced to prove this actually happened.

There'll always be exceptions. Also, if Euro is now 20% stronger against the pound then in Euro she has paid the equivalent of £512k compared to 2007 when sterling was stronger).

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Read especially this little gem:

"Ed Mead from London estate agency Douglas & Gordon says "We have sold a one bedroom flat in Old Church Street near the King's Road, which would have been worth £595,000 to £600,000 at the peak. We put it on at £585,000 and thought we would be lucky if we got anything with a five at the front. It has gone to a German woman for £640,000 with four bidders competing. That would have been unthinkable two or three months ago.”"

I'd like them to be forced to prove this actually happened.

How does the exchange rate affect Eurozone buyers who have cash and are not too worried about price falls?

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Read especially this little gem:

"Ed Mead from London estate agency Douglas & Gordon says "We have sold a one bedroom flat in Old Church Street near the King's Road, which would have been worth £595,000 to £600,000 at the peak. We put it on at £585,000 and thought we would be lucky if we got anything with a five at the front. It has gone to a German woman for £640,000 with four bidders competing. That would have been unthinkable two or three months ago.”"

I'd like them to be forced to prove this actually happened.

Land registry should shop it.

Look up postcode and wait. Bookmark it for 3 months time maybe

:)

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Land registry should shop it.

Look up postcode and wait. Bookmark it for 3 months time maybe

:)

One swallow does not.............

In the agents very own words they clearly state they 'did not expect anything starting with a 5' so what does that tell you! It tells you the professional agent put the property on at a high value and in today's market expected a low offer. In this case a mug offered far to much, but it's not the norm is it and it's certainly not a clever or good buy. Mind you she is a German, could have just been following orders!

Edited by Tim Miller

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Buyers are now returning to the market and going after properties they want instead of settling for simply what they feel can afford.

This bit actually made my stomach turn. It's this kind of attitude that got us here in the first place. F**king muppets!!

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This is the sold prices link, 0 sales in this price range for almost a year

http://www.houseprices.co.uk/e.php?q=Londo...t+SW3&n=100

here are the flats in SW3 5DA (one of the postcodes from a sale in 2007 on that road)

http://www.rightmove.co.uk/property-for-sa...POSTCODE^840482

The MOST expensive 1BR flat on the entire road is on for 499k

http://www.rightmove.co.uk/property-for-sa...pertyType=flats

Lots of price drops according to property bee 1bR flat March 2008 500k down to 439k in Aug 2008... Flats have been stuck on sale for over a year... Keep an eye on the links above in 3 months time :P BUT the article is clearly a lie.

Edited by moosetea

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I know its quite nice round SW3 but anyone paying £400k for a one bedder is mad.......as for £640k, if I were that German woman's family I would have her sectioned.

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We put it on at £585,000 and thought we would be lucky if we got anything with a five at the front.

And this says it all.

Up until this 'property' was 'allegedly' purchased for over the asking price, they were expecting to get offers around £100k less than asking price. Or put another way, their asking price was 20% over what they expected to get.

On the back of this 'supposed' deal, everything is suddenly great again.

I smell something that comes out of the back end of Bulls.

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I know its quite nice round SW3 but anyone paying £400k for a one bedder is mad.......as for £640k, if I were that German woman's family I would have her sectioned.

Q. Where would we be without a sense of humor?

A, GERMANY

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