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Ea's Expect Sales To Fall Through

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Found this quite interesting.

Edinburgh

UNDER OFFER SUBJECT TO CONCLUSION OF MISSIVES - Please feel free to call Beveridge & Kellas to register an interest should the sale fall through

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Found this quite interesting.

Edinburgh

UNDER OFFER SUBJECT TO CONCLUSION OF MISSIVES - Please feel free to call Beveridge & Kellas to register an interest should the sale fall through

Translation - they've already sold it three times to numpties who hadn't heard of the credit crunch.

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Found this quite interesting.

Edinburgh

UNDER OFFER SUBJECT TO CONCLUSION OF MISSIVES - Please feel free to call Beveridge & Kellas to register an interest should the sale fall through

How likely is a sale to fall through under the Scottish system, though? If a buyer has an offer accepted but isn’t able to get as far as Conclusion of Missives (which I suppose is like Exchange of Contracts in England and Wales), does he/she get sued for the deposit and more besides?

Also, I see the flat is identified as PF3, a form which I’ve not seen for a while – GF3 would be more common – but does anyone know why ground-floor flats in Edinburgh sometimes have the letter P in their names? It isn’t by any chance from the French ‘par terre’, is it?

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During my daily Property Bee searches, I have noticed an increasingly large number of sales falling through recently, many of them being within a matter of days.

I bet Estate Agents are now sick of these people giving offers on places they can't afford.

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I bet Estate Agents are now sick of these people giving offers on places they can't afford.

Not just EAs - we should be too. Vendors' delusions are fuelled by one person offering close to asking price, whether or not they can borrow that much or sell their own place.

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I bet Estate Agents are now sick of these people giving offers on places they can't afford.

So are other buyers. Last year I was asked if I'd like to increase my offer as the vendor had received a better one. I said no.

And then three days later the EA was back to say the other buyers couldn't afford the stamp duty. and would I consider making increased offer. I reduced it.

These clowns who can't afford houses and don't get mortgages in principle are deluding sellers.

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During my daily Property Bee searches, I have noticed an increasingly large number of sales falling through recently, many of them being within a matter of days.

I bet Estate Agents are now sick of these people giving offers on places they can't afford.

When I've bought houses in the past they have usually done a bit of due diligence. Ie: have you sold your own house, have cash, or mortgage arranged. Unsold house mean't you were back of the queue. If they are just accepting offers from dreamer/numpties walking in off the street then they have only themselves to blame.

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  • 309 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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