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Warning... New Property Porn Show. "drive To Buy".


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...After speaking to agents...

Property 1 asking £485k.no bids initially, then lady changes her mind and bids £420k on it. Offer rejected. Buyer did not increase offer. Property has since sold to someone else, but we are not told how much for.

Property 2 asking £585k, offer of £465k was the highest offer. Offer rejected. Buyer refuses to raise her bid, so it has been taken off the market.

Property 3 asking £425, offer of £375k. Agent impressed with the bid, a good bid, they said. It had to be taken to vendor's solicitor because of probate. But this offer was turned down. Buyer did not increase offer.

So yet again, no sales agreed with our would be buyers on this show.

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Today's first house is here...

http://www.rightmove.co.uk/property-for-sale/property-19970652.html

very interesting this one because my property bee shows there has been an offer put in on it today!

Could this mean that someone watching the show this afternoon immediately phoned the agent and offered on it? :unsure:

Also the presenter told us that at the time of the show, it had just been reduced to £275k, so going on property info below, it must of been on the market pre Sept 2011 at a higher price than £275k. .

Property bee shows me this...

19 July 2012 ... Status changed: from 'Available' to 'Under offer'

01 May 2012 ... Price changed: Guide Price £259,950 £250,000

26 February 2012 .. Price changed: Guide Price £275,000 £259,950

14 September 2011 ... Initial entry found.

On the show one set of buyers put in a "very serious offer of £260k" for it, said the presenter The buyer rejected it, wanted £270k. No one wanted to rebid.

House 2 in Petersfileld asking £380k had been for sale for over a year.

No parking, so no bids.

But one buyer gave a "cheeky bid" of £310k says presenter. Offer rejected. No rebids.

House 3 in West Meon. courtyard garden. £350k, been on market couple of months,

No garden, no bid said all 3 buyers.

So yet again, no sales agreed.

One good thing about this show is that the buyers do not appear to be upping their offers when they are rejected, and there are sellers that appear to of been chasing the market down.

eg house 1 on today's show. They turned down a £260k bid, but it was for sale from May 2012 until today, for £250k.

Wonder what sale price was agreed for it today?

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Today's first house is here...

http://www.rightmove...y-19970652.html

very interesting this one because my property bee shows there has been an offer put in on it today!

Could this mean that someone watching the show this afternoon immediately phoned the agent and offered on it? :unsure:

Also the presenter told us that at the time of the show, it had just been reduced to £275k, so going on property info below, it must of been on the market pre Sept 2011 at a higher price than £275k. .

Property bee shows me this...

19 July 2012 ... Status changed: from 'Available' to 'Under offer'

01 May 2012 ... Price changed: Guide Price £259,950 £250,000

26 February 2012 .. Price changed: Guide Price £275,000 £259,950

14 September 2011 ... Initial entry found.

Less than £250k I guess, Ouch! So this show must have been recorded a while ago?

In fact one viewing yesterday was in the dark.

Totally pointless having a property show weeks out of date let alone months.

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Less than £250k I guess, Ouch! So this show must have been recorded a while ago?

In fact one viewing yesterday was in the dark.

Totally pointless having a property show weeks out of date let alone months.

It's not a serious academic thesis on housing provision in the UK.

Most of the mouth-breathers who watch it would be happy with the presenter shaking a pig-bladder tied to a stick for half an hour.

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Just seen the beginning.

It looks like property porn big style so far.

It pitches 3 lots of buyers to bid against each other for the best property.

However the first lot of prospective buyers have had their flat up for sale for the last 3 years!

First show in Cardiff area.

http://www.tvguide.co.uk/detail.asp?id=128869725

http://www.itv.com/beontv/drivetobuy/default.html

[/quote

ON NOW

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I watched on PVR yesterday evening.

The show is total crap, on so many levels... I can't "bover".

But I think there is one very positive aspect: Asking price of £379k and a couple offered £310k. :lol:Excellent!

And then, the seller refused, buyers asked if they would like to increase the offer, asnwer: NO. :lol::lol: Double excellent!

I think this show may educate prospective buyers, reducing their "shyness", "inhibitions" about putting in very low offers. After all, they saw it on the telly!

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I watched on PVR yesterday evening.

The show is total crap, on so many levels... I can't "bover".

But I think there is one very positive aspect: Asking price of £379k and a couple offered £310k. :lol:Excellent!

And then, the seller refused, buyers asked if they would like to increase the offer, asnwer: NO. :lol::lol: Double excellent!

I think this show may educate prospective buyers, reducing their "shyness", "inhibitions" about putting in very low offers. After all, they saw it on the telly!

Yup

One property on for sale at £460k, top offer £360k :lol::lol::lol:

Edited by awaytogo
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Yup

One property on offer £460k, top offer £360k

Going to write to the producers and suggest improvements to the format to make it more informative for the general viewership.

Adam should do his research and pull up last sold by information (if available) and typically sold values in the street. This could also all be captioned on the screen.

Then this farce of a show might actually do some good.

Most sellers will still go for it, due to the ITV exposure.

Edited by Socially Housed
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I watched on PVR yesterday evening.

The show is total crap, on so many levels... I can't "bover".

But I think there is one very positive aspect: Asking price of £379k and a couple offered £310k. :lol: Excellent!

And then, the seller refused, buyers asked if they would like to increase the offer, asnwer: NO. :lol::lol: Double excellent!

I think this show may educate prospective buyers, reducing their "shyness", "inhibitions" about putting in very low offers. After all, they saw it on the telly!

I don't consider an offer of £310K on an asking price of £379K very low. That's only 18% below asking price and we all know that EAs add 10%+ to allow for offers.

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I don't consider an offer of £310K on an asking price of £379K very low. That's only 18% below asking price and we all know that EAs add 10%+ to allow for offers.

But this show may cause widespread low offers, not just a one-off. If so, this will keep pushing prices downwards, continuously. This can only help.

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One property on for sale at £460k, top offer £360k :lol::lol::lol:

I am starting to become a fan of this show. :lol:

As Tired of Waiting says, seeing these low offers on tv can only help prices come down, because the public will believe offering low is the norm, and help them overcome their traditional British "shyness" as far as bartering is concerned.

A friend of mine half watched this show, so misinterpreted it, and said she'd heard on a tv show that house prices are coming down 20% now. :lol:

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That's asking price less 22%, getting closer to the -30% that I may have offered if I really liked the house.

And here is one I saw today, that has lowered it's asking price to nearer that -30% off, in just over a month! Are we approaching the fear stage? :unsure:

http://www.rightmove.co.uk/property-for-sale/property-37523078.html

20 July 2012 - Price changed: Guide Price £249,950 £220,000

05 July 2012 - Price changed: Guide Price £259,950 £249,950

13 June 2012 - Price changed: Guide Price £289,950 £259,950

13 April 2012 - Initial entry found.

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And here is one I saw today, that has lowered it's asking price to nearer that -30% off, in just over a month! Are we approaching the fear stage? :unsure:

http://www.rightmove.co.uk/property-for-sale/property-37523078.html

20 July 2012 - Price changed: Guide Price £249,950 £220,000

05 July 2012 - Price changed: Guide Price £259,950 £249,950

13 June 2012 - Price changed: Guide Price £289,950 £259,950

13 April 2012 - Initial entry found.

:wub:

I do like ogmore

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No bids at all for house 1.

It was originally for sale at £530k.

House 2 ... 3 bed modernised terrace in Windsor for sale at £435k.

Some good advice for a change.. presenter tells us to negotiate by use of past sales history, for both prices and other prices paid in the same area.

He questioned that even after all the renovations if house 2 was actually worth the extra £155k they are asking.

House 2 also had no bids at all. They all felt the vendors had a "a bit of a cheek" asking that price, and felt they should be getting more for their money.

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House 3 for sale at £515k, 3 bed Victorian cottage, Cookham. No chain.

Top end of buyers budgets.

Presenter wisely warns on stamp duty implications.

Buyer 1 did not bid, because no dining room.

Buyer 2 did not bid, wanted another bedroom.

Buyer 3 made "very serious offer" of £450k. This was rejected. Buyer said even though it was a lovely house, this was what they were willing to pay, and any more was too much. The vendor said they "needed" £500k.

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i'm going to have set this to series link to watch after work.

it sounds fantastic :D

Its boring and repetative, some of the buyers are "cash buyers" the 50-65 years olds, the rest are not in a posistion as they are kite flying themselves and some how believe this program is the answer to them finding a bargin.

Sellers need to sell to move up, buyers need to get enough to cover thier debts, its going to go on and on and on, well untill the free money stops flowing.

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I am absolutely sure that the show creators did not foresee this. :lol::lol:

Yes, I was thinking that too.

Perhaps the creators still had such faith in the housing market that they imagined all the buyers bidding higher and higher against each other to be able to get their dream property?

I reckon they had not anticipated how difficult it would be to even get one bid out of each show, and how fussy the buyers would be. Plus when buyers say they have a budget, on this show, they seem either not prepared to go over it, or are unable to go over it.

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Interesting show actually. One family sold to rent! :lol:

Also Adam advised to do your research on "property websites" which was the kiss of death for property 2 of course.

I agree.

Whilst the show appears to be rather cheesy, there is some very interesting and useful things coming out of it, as far as our hpc is concerned.

From what I recall...

It is the first property show we have seen buyers bunging in such low offers and walking away when the vendor asks for more,

it is the first property show we have seen advising buyers to check on websites for previous asking prices, and then to go on and say a seller, going on what they actually paid for it, has inflated the asking price too much.

I think anyone watching this and buying, will be more inclined now to put in a low offer, or come out with "I am not offering any more on the property because the vendor has already made a lot of money out of it".... :lol:

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  • 415 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% +
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      • up 5%



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