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jocohen

How To Sell A House Instantly

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I had to crack up when I saw the Phd method of selling a house at approx twice its value

http://www.rightmove.co.uk/property-for-sa...es%26index%3D70

Just to put you in the picture , at the peak of the market a 4 bed house was costing between 450 - 500K

Some con artists should be jailed..i just hope there aren't too many F***wits out there

Last house to actually sell on that road was way back in Jan 2008. No houses have sold on the road since then. The house that did sell in Jan 2008 (i.e. peak prices) went for £507k. So, this one must be a steal at only £620k. :)

Nomadd

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It says you can walk away (i.e. not buy) - however, I'm guessing you'll lose all of your "deposit."

How does the rent compare on this property?

I seems a little expensive - but I don't know the area.

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It says you can walk away (i.e. not buy) - however, I'm guessing you'll lose all of your "deposit."

How does the rent compare on this property?

I seems a little expensive - but I don't know the area.

The houses are quite nice, the schools are rubbish and people aren't the nicest.

My daughter is looking around there for some reason. Its not an area to bring up children

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Now lets have a look if you pay a bigger deposit and £50 more per month.

£620,000

-£16,000 deposit paid

-£2,600 (extra you have paid)

-£2,600 (extra we have paid)

At the end of year one you would owe £553,200

At the end of year two you would owe £548,000

At the end of year three you would owe £542,800

During that time you have saved up a deposit of £77,200 (12.5%)

The more you pay the quicker and bigger your deposit.

No mortgage is required until you buy in 2012. (but can buy at any time)

Price growth and rent deposit payments provide your deposit.

The purchase price is fixed at the outset. You gain from any price growth!

Redecorate, carry out home DIY - YOU benefit from any added value by enhancing YOUR home

This is not a shared ownership or Housing Association scheme

You can move into your new home in as little as 7 days!

Legally approved solicitor contracts

We can help you get advice on your mortgage in 2012, or sooner, with your deposit fund.

Move in, and buy later - or walk away! You do not have to buy if you change your mind.

Really???? :blink::blink:

Edited by Dr Renter

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The houses are quite nice, the schools are rubbish and people aren't the nicest.

My daughter is looking around there for some reason. Its not an area to bring up children

?

Penwortham and Furzedown primaries are excellent. Graveny is one of the top secondary schools in the country. What are you talking about? People seem okay - I live in Welham Road at the bottom of the Penwortham.

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Price clearly isn't right but the scheme isn't so bad, as long as you get your deposit back if you choose to walk away, which is not clear.

I doubt very much you would get your deposit back.

"perfect if you Have impaired credit and can't raise finance "

So what happens when you still cant raise finance in 2 years? And even if you have impeccable credit history, the LTV will be over 100% if houses drop in value (actually, lets face it, at that price its over 100% LTV already!).

Got to be the worst scheme ever.

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