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TheCountOfNowhere

****wit Of The Week Award....goes To....

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F***Wit of the week:

http://www.rightmove.co.uk/property-for-sale/property-26325175.html

01 August 2010

* Brief Description changed: 65 EUSTON ROAD, NORTHAMPTON NN48DX. We are acting for the mortgagees and have recieved an offer of £90,000 on the above property. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. A two bedroom terraced property situated in teh heart of Farcotton close to the centre of Northampton. (contd...) [Found by n/a]

22 July 2010

* Brief Description changed: Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place. A two bedroom terraced property situated in teh heart of Farcotton close to the centre of Northampton. (contd...) [Found by n/a]

06 July 2010

* Status changed: from 'Sold STC' to 'Available' [Found by n/a]

03 July 2010

* Status changed: from 'Available' to 'Sold STC' [Found by n/a]

19 June 2010

* Brief Description changed: A two bedroom terraced property situated Public Notice 65 Euston Road Northampton NN4 8DX. We are acting for the mortgagees and early is essential to fully appreciate all that this property ahs to offer. have recieved an offer of £86,500 on the above property. Any interested parties must submit any higher offers in teh heart of Farcotton close to teh centre of Northampton. The property is offered fro sale with no upper chain writing to the selling agent before an exchange of contracts takes place. (contd...) [Found by n/a]

15 June 2010

* Initial entry found. [Found by n/a]

So the mortgagees accepted an offer in June for £86500 and it's fallen through...someone has now offered £90K....f**king stupid, really f**king stupid. Must be someone trying to get into "pawperdee".

:lol: :lol: :lol: :lol:

Will someone please stop these people self harming !!!!

Edited by TheCountOfNowhere

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Some advice for anyone buying a house.

Search for the address of the property you are buying on google and it might show up a thread on a message bnoard about it !!!!

Better still, install propertry bee.

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So the mortgagees accepted an offer in June for £86500 and it's fallen through...someone has now offered £90K....f**king stupid, really f**king stupid. Must be someone trying to get into "pawperdee".

:lol::lol::lol::lol:

Will someone please stop these people self harming !!!!

OK so this person just didn't realise a lower offer had previously been accepted. More fool them, but it's not really that funny at all. And all over the hardly life-changing sum of £3,500.

There is a good take-away lesson as you suggest to research before you offer, but it isn't funny to me.

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It's a repossession. They're legally bound to seek the highest bid. It may be that one or both of these bids are big BTL customers on the agent's books, who get tipped off "here's a bargain distressed sale" and make a low offer, knowing the exact circumstances and likelihood of getting gazumped.

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Nah...

****wit of the week is Charlie Bean, surely?

Good competition this week, with the Miliblair and Milibrown show. And an honourable mention to AEP's belated conversion to HPC wisdom.

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Sometimes with a repo it's better to offer what you think will fend off other bids rather than just making a low offer, this prevents you from getting into a bidding war and losing the search/survey fees.

Edited by wealthy

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It's a repossession. They're legally bound to seek the highest bid. It may be that one or both of these bids are big BTL customers on the agent's books, who get tipped off "here's a bargain distressed sale" and make a low offer, knowing the exact circumstances and likelihood of getting gazumped.

I dont think you've read the property bee history, in July, then came straight back on the market. The original buyer must have pulled out immediately. The 2nd offer has come 2 months later after the other one has been accepted and fallen through.

I also think you are giving the agents too much credit for finding a better offer.

If this is the way big BTL'ers do business, no wonder the country is in a mess.

3.5K is better in your pocket than the banks, any day of the week.

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And all over the hardly life-changing sum of £3,500.

What proportion of a student debt is that?

Don't know - with tuition fees at the planned 10k pa not a lot I suspect - but more imprtantly over the lifetime of a 25 year mortgage it's £2.69 per week, maybe a fiver a week if you count interest too.

It might be a financial error, but it's neither disasterous nor (as the OP seems to find it) particularly funny.

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I dont think you've read the property bee history, in July, then came straight back on the market. The original buyer must have pulled out immediately. The 2nd offer has come 2 months later after the other one has been accepted and fallen through.

Propertybee only sees agent/rightmove keywords. "Available" doesn't necessarily mean the first offer was withdrawn, especially in a distressed sale/professional buyer situation.

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Propertybee only sees agent/rightmove keywords. "Available" doesn't necessarily mean the first offer was withdrawn, especially in a distressed sale/professional buyer situation.

Perhaps not, but I'd say it does it it went SSTC first.

06 July 2010

* Status changed: from 'Sold STC' to 'Available' [Found by n/a]

03 July 2010

* Status changed: from 'Available' to 'Sold STC' [Found by n/a]

I think you are missing the point here, anyone with property bee installed would see that the mortagees were willing to accept an offer of 86500.

Edited by TheCountOfNowhere

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It's a repossession. They're legally bound to seek the highest bid. It may be that one or both of these bids are big BTL customers on the agent's books, who get tipped off "here's a bargain distressed sale" and make a low offer, knowing the exact circumstances and likelihood of getting gazumped.

Doesn't seem that bad a deal. $90k is about early 2003 prices (see http://aol.zoopla.co.uk/house-prices/NN4-8DX/?sold_price_types=all&sold_price_years=all&so=date&sd=desc) Apparently this street did not bubble as much as other areas - seems to have reached a max of approximately $120k - and this particular house was traded for $114k in September 2005.

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  • 146 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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