Jump to content
House Price Crash Forum
Sign in to follow this  
okaycuckoo

Shared Ownership Bidding Frenzy

Recommended Posts

Just thought I'd rescue this gem from the NI thread - thanks to Sure Thing:

Posted 13 February 2014 - 05:45 PM

'yadayada', on 12 Feb 2014 - 6:21 PM, said:snapback.png

....pay far too much for houses they can't afford.


When we were selling ours last year we had four people making offers, all co-ownership and they ended up well over asking price bidding against each other on something they couldn't afford. Says it all really.

And should add that the people that bought it ended up spending 18k over their initial offer actually starting off not needing co-ownership, they then had to go co-ownership to keep up with the rest of the bidders, minus co-ownership they would be in a lot less debt.

100 yay smile.gif

Edited by Sure thing!, 13 February 2014 - 05:47 PM.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=68834&page=46

Edited by okaycuckoo

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.