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Ftb - The Other Side Of The Fence

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Speaking to a colleague today, who is a First Time Seller, selling their first home.

They have just put their house on the market in order to purchase a larger home due to a new addition to the family.

Firstly, the house was valued by the agent at 6.5% less than it was valued 5 months ago. (Proof that FTB property is dropping).

This they accepted in the present market (unusual for a vendor I know) and advertised it for its current value.

The agent that they chose has sent 3 FTB's in 2 weeks, 2 of which it turned out, hadn't even had a mortgage arranged in principle ? Plus, they had to conduct the viewings themselves as the agent wasn't available! (well they have just closed down their new newest office).

The feedback from the 3rd viewing, which WAS done by the agent, came as a text message! "Feedback from viewing: They liked it but found another more suitable will keep trying".

All this great service for the princely sum of 1.75% of the sale price.

What ever happened to the prospective buyer having to produce the mortgage certificate from the building society, to the agent, showing the amount that they could actually borrow ?

These dreamers are just wasting peoples time.

So spare a thought for the other side.............

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  • 301 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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