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Chuffy Chuffnell

Homes Under The Hammer

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I hate the "big time" developers who like to think they are billionaires. They annoy me.

I love it when the valuation comes in about £20k more than they paid for it (excluding fees), and they say its a great result for 3 months work. Hardly the case when they have to pay fees, and hope that it sells for the asking price!

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I hate the "big time" developers who like to think they are billionaires. They annoy me.

I love it when the valuation comes in about £20k more than they paid for it (excluding fees), and they say its a great result for 3 months work. Hardly the case when they have to pay fees, and hope that it sells for the asking price!

It's even funnier when they've raised the money to purchase and/or do-up the place via mortgage/loan finance!! :P

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And here's the second one from today:

http://www.rightmove...y-31060993.html

wow what a bargain, I'm amazed that didn't sell straight away for a huge profit.

Really wish I had time to record this show, research on Rightmove and houseprices.co.uk and refute the lies and disinformation of the presenters.

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Thought the retired Chartered Accountant (lived in Holyhead) bought student let in Manchester over reached themselves.

They got into a bidding war to get it then overspent on the refurb. When they wheeled the agents back in for the valuation it was pretty much what they bought it for + refurb costs, not to mention selling/listing fees + 18% or so less that would be offered to buy.

No matter though as they are keeping it as a Student let long term in the family and it would be passed down through the generations.... B)

See these property porn shows are not all bad news... Some have some good news stories in them as well...

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wow what a bargain, I'm amazed that didn't sell straight away for a huge profit.

LOL.

You're right the guy's being greedy.

There are six flats for sale at 155 for the one bed and 189/199 for the two beds.

That's 15-20K more (per property) than the agents on the program suggested.

Even at the suggested prices he will be clearing 300K profit (less the EA's selling fees), asking for an extra 100K on top is pure greed.

(at lease the EA's done their job propery and has taken pictures of each property individually rather than taking pictures of one flat and using them for all six)

tim

Edited by tim123

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In HUTH's defence, they do feature those who've clearly lost money.

And what are the ratios of this ? If it was representative and this stuff has been flmed recently - then I would hazard a guess that 90% + would 'lose' money. Then again - they never follow it through so we actually find out what happens...

I saw an old one a few weeks back. They had a voiceover at the end saying something along the lines of '6 weeks later they got their full asking price - now moved onto their next development - properlty developers blah blah'.

Anyone ever heard them at a voiceover '6 weeks later - zero interest - starting to shite themselves - only have 3 more weeks of funding left'.

Funnily enough - they don't ever add voiceovers for these situations. The show is a complete scam.

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And what are the ratios of this ? If it was representative and this stuff has been flmed recently - then I would hazard a guess that 90% + would 'lose' money. Then again - they never follow it through so we actually find out what happens...

I saw an old one a few weeks back. They had a voiceover at the end saying something along the lines of '6 weeks later they got their full asking price - now moved onto their next development - properlty developers blah blah'.

Anyone ever heard them at a voiceover '6 weeks later - zero interest - starting to shite themselves - only have 3 more weeks of funding left'.

Funnily enough - they don't ever add voiceovers for these situations. The show is a complete scam.

I agree, the disasters are pretty much glossed over or we are informed they only intend to rent away. Even when we are told they have sold straight away "for a huge profit" we find them languishing on Rightmove months later.

The BBC has blood on its hands.

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I'm watching yesterday's show... the guy who bought the flat in London is thick as sh!t - didn't realise that the lease was running out, didn't comprehend how expensive it would be to extend that lease, didn't complete the contract of sale in time and lost his 10% deposit (28 days... £10k... unbelievable) AND had to get an expensive (rate-wise) mortgage. :ph34r:

What a tool!! :lol:

Edited by Chuffy Chuffnell

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I'm watching yesterday's show... the guy who bought the flat in London is thick as sh!t - didn't realise that the lease was running out, didn't comprehend how expensive it would be to extend that lease, didn't complete the contract of sale in time and lost his 10% deposit (28 days... £10k... unbelievable) AND had to get an expensive (rate-wise) mortgage. :ph34r:

What a tool!! :lol:

I bet the auction houses must love HUTH. Must bring in lots of extra muppet retail bidders, bidding up the prices, plus some extra fee's or free publicity from the filming. Bet the serious "trade" must hate it.

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I bet the auction houses must love HUTH. Must bring in lots of extra muppet retail bidders, bidding up the prices, plus some extra fee's or free publicity from the filming. Bet the serious "trade" must hate it.

Yup, HUTH alone probably has made buying at auctions that 10% or so more expensive. *sigh*

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I'm watching yesterday's show... the guy who bought the flat in London is thick as sh!t - didn't realise that the lease was running out, didn't comprehend how expensive it would be to extend that lease, didn't complete the contract of sale in time and lost his 10% deposit (28 days... £10k... unbelievable) AND had to get an expensive (rate-wise) mortgage. :ph34r:

What a tool!! :lol:

Just finished watching that episode.

didn't bother renewing the lease

"haven't got the money [£40k] so I'll keep it for a couple of years and rent it out"

- yeah, you do realise the renewal will cost even more then? (only 44 years left) dipsh!t :o

£101k purchase

£10k wasted for not completing on time :rolleyes:

£16k refurb costs

£3k fees etc

===

£130k spent

not mortgageable (too short lease)

valued at £120k as it is (so could probably sell for £110k)

£750-£800 pm rent possible

"next time I will read all the paperwork side of it first"

Epic_Fail_by_thepaintrain.jpg

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wow what a bargain, I'm amazed that didn't sell straight away for a huge profit.

Really wish I had time to record this show, research on Rightmove and houseprices.co.uk and refute the lies and disinformation of the presenters.

Been there... done that... got nowhere, not even a reply other than confirmation they received the complaint.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=153542&st=18

And they have the nerve to call their self-regulating body the BBC Trust

The only thing I trust them to do is f-all if they don't like your complaints.

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Oh thanks guys. Didn't realise these were new ones. :) *Rubs hands tgether in preparation for some schardenfreude TV*

I'm watching yesterday's show... the guy who bought the flat in London is thick as sh!t - didn't realise that the lease was running out, didn't comprehend how expensive it would be to extend that lease, didn't complete the contract of sale in time and lost his 10% deposit (28 days... £10k... unbelievable) AND had to get an expensive (rate-wise) mortgage. :ph34r:

What a tool!! :lol:

I'm gonna fire up the iPlayer. Looks like a good'un. :D

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Do they recieve some sort of appearance fee from HUTH? If so what sort of bunce are we talking?

Getting the meet THE Martin Roberts in person is enough! Though poor luck if you get that ditzy woman co-presenter (she does 1/3 of the properties on the programme... usually in the London & SE England area) :P

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is it just me, or is decking sh!t?

29546_PSK110285_IMG_04_0000_max_620x414.jpg

No, it's just 'orrible and unsuited to wet climates. Will go the way of avocado bathrooms IMO - loathed and despised and dumped in skips.

Plus rats like living underneath it.

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  • 337 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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