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dogbox

Ive Just Offered

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£65000 for a 3 bed semi. Normal value £200000 (perhaps £185000 to sell it overnight).

Cant tell u where it is unless the sale is sucesful, wouldnt want one of u lot to nab it.

Ive told them I will buy it 48 hours with no Lawyer / legal conveyance if they accept my offer :o

Its on for £90000.

So cheap because it needs a complete brick skin as its made of concrete boards so is currently un - mortgageable and quite scary.

Havent seen the place. Will buy 'site unseen'.

Probably wont come off but you never know.

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No its just the way the houses were built to look, i'm sure it was very modern back in the 70s. The actual quality of the builds isn't too bad to be honest its just the area and the fact that the house is probably being used as some kind of crack squat at the moment.

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Dave, the 1 Ive offered on is close to London and a 'proper' family home with large garden etc. If this comes - off I'll eat my todger :o

Im using the fact that I wont enter into the usual legal conveyance as my lever.

Im starting to think it is possible to perhaps make some money from the declining UK market after - all. We'll see.

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sounds like financial suicide.

ever leave a casino up on the night, or are you one of those who stays till 4am to lose it all.?

Even if I pay £75000, and after all costs including lost savings interest and factoring in a 10% drop in market prices in the next 6 months I would still make c£50000.

I doubt I'll get the property, some tw@t will offer a lot more.

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I've seen a few properties on the local market that have been priced at so called 'BMV' and they have been snapped up within days. Fortunately these 'bargains' will become the new market level over the next 6-12 months as they seem to be getting more common by the week.

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Im starting to think it is possible to perhaps make some money from the declining UK market after - all. We'll see.

It is possible if you account for a further drop. Hope your nerves are stable. ;)

Oops, just seen your other comment. Incidentally, big turn out at Allsop auction on Thusrday..

Edited by RRP

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It is possible if you account for a further drop. Hope your nerves are stable. ;)

As price falls accelerate people are going to lose the benchmarks against which they understand the value of property.

We're already seeing this with EA's who have no clue about what price to sell a house.

I think this will create excellent opportunities for the people who do understand what properties are really worth, and well done if you can find these.

I think I'm going to wait for 2 years before buying, but I have already started to see some places where prices have dropped 15%.

I never thought it would was going to happen this fast!

Edited by BandWagon

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Yeah, its a bad area. The EA wouldn't of wanted to hang around. They also have another trick of taking photos of houses and showing their or someone elses expensive car instead of all the bangers and badboy racer's cars.

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£65000 for a 3 bed semi. Normal value £200000 (perhaps £185000 to sell it overnight).

Cant tell u where it is unless the sale is sucesful, wouldnt want one of u lot to nab it.

Ive told them I will buy it 48 hours with no Lawyer / legal conveyance if they accept my offer :o

Its on for £90000.

So cheap because it needs a complete brick skin as its made of concrete boards so is currently un - mortgageable and quite scary.

Havent seen the place. Will buy 'site unseen'.

Probably wont come off but you never know.

Truly Collapsingly funny :lol::lol::lol: ... not sure I believe it though :o

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Dave, the 1 Ive offered on is close to London and a 'proper' family home with large garden etc. If this comes - off I'll eat my todger :o

Im using the fact that I wont enter into the usual legal conveyance as my lever.

Im starting to think it is possible to perhaps make some money from the declining UK market after - all. We'll see.

do you want salt & vinegar on that? :blink:

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Im starting to think it is possible to perhaps make some money from the declining UK market after - all. We'll see.
Even if I pay £75000, and after all costs including lost savings interest and factoring in a 10% drop in market prices in the next 6 months I would still make c£50000.

Have you factored in Capital Gains Tax, Dogbox?

Edited by Without_a_Paddle

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Even if I pay £75000, and after all costs including lost savings interest and factoring in a 10% drop in market prices in the next 6 months I would still make c£50000.

I doubt I'll get the property, some tw@t will offer a lot more.

i still wouldnt do it. you said it was knackered as well. why buy now ? theres no point NOT waiting for this thing to play out for a year. you wont lose by not buying -right now ?

no one will want it after you get it back on the market anyway by then i reckon.

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£65000 for a 3 bed semi. Normal value £200000 (perhaps £185000 to sell it overnight).

Cant tell u where it is unless the sale is sucesful, wouldnt want one of u lot to nab it.

Ive told them I will buy it 48 hours with no Lawyer / legal conveyance if they accept my offer :o

Its on for £90000.

So cheap because it needs a complete brick skin as its made of concrete boards so is currently un - mortgageable and quite scary.

If they accept, I hope it all works out for you.

When you say "normal value £200,000" do you mean when it has the complete brick skin and is in good overall condition?

How come it doesn't have a brick skin, was it simply built just with concrete boards?

Edited by pod

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£65000 for a 3 bed semi. Normal value £200000 (perhaps £185000 to sell it overnight).

Cant tell u where it is unless the sale is sucesful, wouldnt want one of u lot to nab it.

Probably wont come off but you never know.

Yeah, cus we'd all be in there offering 20% over asking price, right?

Someone mentioned asbestos. I've known of properties in recent times to be worth less than the waste removal costs.

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  • 339 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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