Bearfacts Posted September 14, 2005 Share Posted September 14, 2005 Mrs B has just helped a colleague to successfully negotiate the purchase of a flat in Buckinghamshire. The flat has been on the market for 8 months or more and originally had an asking price of £172k. Current asking price was £134k. Mrs B advised colleague to offer £124K i.e just under the stamp duty threshold. Colleague was too timid to offer such a ‘drastic’ reduction ( scared that the EA might laugh or mock her cheeky offer I guess ) so Mrs B did it for her and guess what, they took it. By my reckoning that’s a reduction of approx 28% in 8 months or approx 42% annualised. No crash here, then just an orderly slowdown like The VIs assured us. ! Quote Link to comment Share on other sites More sharing options...
libitina Posted September 14, 2005 Share Posted September 14, 2005 Mrs B has just helped a colleague to successfully negotiate the purchase of a flat in Buckinghamshire. The flat has been on the market for 8 months or more and originally had an asking price of £172k. Current asking price was £134k. Mrs B advised colleague to offer £124K i.e just under the stamp duty threshold. Colleague was too timid to offer such a ‘drastic’ reduction ( scared that the EA might laugh or mock her cheeky offer I guess ) so Mrs B did it for her and guess what, they took it.By my reckoning that’s a reduction of approx 28% in 8 months or approx 42% annualised. No crash here, then just an orderly slowdown like The VIs assured us. ! <{POST_SNAPBACK}> Maybe you could hire her services out..? Bucks has always been VERY expensive though hasn't it? Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted September 14, 2005 Share Posted September 14, 2005 By my reckoning that’s a reduction of approx 28% in 8 months or approx 42% annualised. No crash here, then just an orderly slowdown like The VIs assured us. ! I knew those lovely VI's wouldn't see us wrong! Quote Link to comment Share on other sites More sharing options...
theChuz Posted September 14, 2005 Share Posted September 14, 2005 (edited) Maybe you could hire her services out..? Bucks has always been VERY expensive though hasn't it? <{POST_SNAPBACK}> Ha, thats exactly what i thought.. Hey i hope she took commission on that! EDITED: I didnt like what i put, was funny when it first came to mind, upon reading 5 minutes later it was just dumb. For those of you who didnt read it... you will never know what it said. Edited September 14, 2005 by theChuz Quote Link to comment Share on other sites More sharing options...
Phaedrus Posted September 14, 2005 Share Posted September 14, 2005 She's not that good, though. Stamp duty threshold is £120000, not £125000. Quote Link to comment Share on other sites More sharing options...
Dicky Posted September 14, 2005 Share Posted September 14, 2005 She's not that good, though. Stamp duty threshold is £120000, not £125000.<{POST_SNAPBACK}> Doh! Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted September 15, 2005 Share Posted September 15, 2005 She will be trying to sue your wife in a year or so when the flat has fallen further in value. Quote Link to comment Share on other sites More sharing options...
Michael Posted September 15, 2005 Share Posted September 15, 2005 Well done, Mrs Buffer!......28%?????......We're in 1990 territory already... Should I post the link on the ex-pats' website!.........Time to reduce the asking prices....Ho! Ho!.......Never felt schadenfreude towards anyone .......until now! Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted September 15, 2005 Share Posted September 15, 2005 She's not that good, though. Stamp duty threshold is £120000, not £125000.<{POST_SNAPBACK}> It's still a threshold though. 2% for purchases over £250k; 1% below. Quote Link to comment Share on other sites More sharing options...
marzipan Posted September 15, 2005 Share Posted September 15, 2005 The flat has been on the market for 8 months or more and originally had an asking price of £172k. Current asking price was £134k. <{POST_SNAPBACK}> it would be interesting to know how much the flat was worth four or five years ago? Was the original asking price about average for that area or was the seller being a bit greedy? Quote Link to comment Share on other sites More sharing options...
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