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jungllie jim

Sealed Bid And Underpinned

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Whilst waiting for the rain to abate been and view these lovelies.

All of these were built by a well known national builder,sold, and then subsequently bought back by the builder post issues with subsidance.

They have been underpinned with a 10yr cover on the work carried out....Work was recently completed and have been recarpeted Kitchens,baths,showers ETC are fittted.

Sealed bids by 1200 Fri 29th oct.

Viewed todaay with approx 5 other interested bidders

I'm thinking 25% off guide prices.

http://www.rightmove.co.uk/property-for-sale/property-28136845.html

http://www.rightmove.co.uk/property-for-sale/property-28136212.html

http://www.rightmove.co.uk/property-for-sale/property-28136302.html

http://www.rightmove.co.uk/property-for-sale/property-28136911.html

What do the HPC crowd think is 25% not enough?

Edited by jungllie jim

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Whilst waiting for the rain to abate been and view these lovelies.

All of these were built by a well known national builder,sold, and then subsequently bought back by the builder post issues with subsidance.

They have been underpinned with a 10yr cover on the work carried out....Work was recently completed and have been recarpeted Kitchens,baths,showers ETC are fittted.

Sealed bids by 1200 Fri 29th oct.

Viewed todaay with approx 5 other interested bidders

I'm thinking 25% off guide prices.

http://www.rightmove...y-28136845.html

http://www.rightmove...y-28136212.html

http://www.rightmove...y-28136302.html

http://www.rightmove...y-28136911.html

What do the HPC crowd think is 25% not enough?

If it's all been done correctly it's probably the safest building in the street - but insurers don't see it that way!

You might have serious problem/lack of choice getting a decent priced building insurance. Any excuse to hammer the owner with higher charges.

Get some street knowledge.

Crafty b'stard builders often build on dried out springs/over ancient clay/clunch pits/tunnels/workings (which is why a vacant plot was left there in the first place) - talk to elderly neighbours who may remember what used to be on the plot.

Cor that woz a good guess

"Chilton Trinity - former brick clay pits"

I would not buy there in a million years!

Edited by erranta

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Whilst waiting for the rain to abate been and view these lovelies.

All of these were built by a well known national builder,sold, and then subsequently bought back by the builder post issues with subsidance.

They have been underpinned with a 10yr cover on the work carried out....Work was recently completed and have been recarpeted Kitchens,baths,showers ETC are fittted.

Sealed bids by 1200 Fri 29th oct.

Viewed todaay with approx 5 other interested bidders

I'm thinking 25% off guide prices.

http://www.rightmove.co.uk/property-for-sale/property-28136845.html

http://www.rightmove.co.uk/property-for-sale/property-28136212.html

http://www.rightmove.co.uk/property-for-sale/property-28136302.html

http://www.rightmove.co.uk/property-for-sale/property-28136911.html

What do the HPC crowd think is 25% not enough?

25% off the price of a non-underpinnjed house is about right

But as there are four of these that have recently sold for 195+ this seems to have been taken account of in the guide (as it usually is)

tim

Edited by tim123

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How do you know that there are 5 other interested bidders? Sealed bids is designed to get people to pay more than they should but within an auction situation. Ideal on quality properties, but none of these are that. Why not wait to seen which ones don't sell under sealed bid and then negotiate? But if you're desperate you need to bid!

Whilst waiting for the rain to abate been and view these lovelies.

All of these were built by a well known national builder,sold, and then subsequently bought back by the builder post issues with subsidance.

They have been underpinned with a 10yr cover on the work carried out....Work was recently completed and have been recarpeted Kitchens,baths,showers ETC are fittted.

Sealed bids by 1200 Fri 29th oct.

Viewed todaay with approx 5 other interested bidders

I'm thinking 25% off guide prices.

http://www.rightmove.co.uk/property-for-sale/property-28136845.html

http://www.rightmove.co.uk/property-for-sale/property-28136212.html

http://www.rightmove.co.uk/property-for-sale/property-28136302.html

http://www.rightmove.co.uk/property-for-sale/property-28136911.html

What do the HPC crowd think is 25% not enough?

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Viewed todaay with approx 5 other interested bidders

Assume you went along to the open morning, where the EA crams as many viewings into a two hour time-slot.

EA will tell you that it's efficient to do it this way, whereas in fact it's a marketing ploy to get 5 ptoential buyers in a room together, and hence provide a sense of urgency. Works best in a bull market when you can be literally tripping over others viewing property. The sense of urgency forces up prices.

I once went on a 'private' viewing to find many other familes viewing the property (it was a boom time). I stormed out and then gave the agent in the office a fvcking mouthfull.

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Whilst waiting for the rain to abate been and view these lovelies.

All of these were built by a well known national builder,sold, and then subsequently bought back by the builder post issues with subsidance.

They have been underpinned with a 10yr cover on the work carried out....Work was recently completed and have been recarpeted Kitchens,baths,showers ETC are fittted.

Sealed bids by 1200 Fri 29th oct.

Viewed todaay with approx 5 other interested bidders

I'm thinking 25% off guide prices.

http://www.rightmove.co.uk/property-for-sale/property-28136845.html

http://www.rightmove.co.uk/property-for-sale/property-28136212.html

http://www.rightmove.co.uk/property-for-sale/property-28136302.html

http://www.rightmove.co.uk/property-for-sale/property-28136911.html

What do the HPC crowd think is 25% not enough?

It's much easier to walk away when you know that the mood in the market is in decline. Just stick in your offer and don't worry about it.

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How do you know that there are 5 other interested bidders? Sealed bids is designed to get people to pay more than they should but within an auction situation. Ideal on quality properties, but none of these are that. Why not wait to seen which ones don't sell under sealed bid and then negotiate? But if you're desperate you need to bid!

Except that with sealed bids the buyer (in England) still gets the chance to walk away later.

If it really were a ruse to bid up the price then it seems like a waste of time to me. It might be useful with a cutie little cottage for which there is genuine competition but as a method of establishing a price for an unmortgagable property it seems to be asking for the buyer to gazunder you later.

tim

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  • 149 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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