Fudge Posted March 29, 2006 Share Posted March 29, 2006 Havent seen this for a long time in the Northamptonshire local paper property night. 2 different notices. PUBLIC NOTICE Estate Agents name are now in the receipt of an offer of the sum of for such and such property Anyone wishing to place an offer on the property should contact Name and address of Estate Agent before exchange of contracts. One is 74,000 and the other 32,950 mmmmm might go look at that one for 32,950 And err still plenty new instructions, new price and reduced. And lots and lots of loverly rentals, dont rush theres plenty enough for everyone! Quote Link to comment Share on other sites More sharing options...
Fudge Posted March 29, 2006 Author Share Posted March 29, 2006 Havent seen this for a long time in the Northamptonshire local paper property night. 2 different notices. PUBLIC NOTICE Estate Agents name are now in the receipt of an offer of the sum of for such and such property Anyone wishing to place an offer on the property should contact Name and address of Estate Agent before exchange of contracts. One is 74,000 and the other 32,950 mmmmm might go look at that one for 32,950 And err still plenty new instructions, new price and reduced. And lots and lots of loverly rentals, dont rush theres plenty enough for everyone! found a third 208,000 Quote Link to comment Share on other sites More sharing options...
delboypass Posted March 29, 2006 Share Posted March 29, 2006 Is that not publicly gazumping?? Quote Link to comment Share on other sites More sharing options...
gasket37 Posted March 29, 2006 Share Posted March 29, 2006 (edited) Havent seen this for a long time in the Northamptonshire local paper property night. ... go on gissa clue i've flicked through the chronicle + echo version and can't find 'em - do you get the evening telegraph version? mind you my eyes glaze over after a couple of minutes; all that rental property up for grabs and "NEW" and "NEW PRICE" stuff is very distracting! the rental market is mad around here - you can rent a country cottage for the same amount as a run down terrace in the mounts (stabsville for the uninitiated) Edited March 29, 2006 by gasket37 Quote Link to comment Share on other sites More sharing options...
HouseDog Posted March 29, 2006 Share Posted March 29, 2006 I had a look but couldn't see it either. However, its noticeable that Chrons property pullout gets bigger every few weeks. HD Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted March 29, 2006 Share Posted March 29, 2006 (edited) Is that not publicly gazumping?? No, it's a repo, they have a legal duty to get the best price for the bank. In a normal sale no buyers, not to mention most sellers, wouldn't put up with crap like that. Edited March 29, 2006 by BuyingBear Quote Link to comment Share on other sites More sharing options...
Father Fred Posted March 29, 2006 Share Posted March 29, 2006 No, it's a repo, they have a legal duty to get the best price for the bank. In a normal sale no buyers, not to mention most sellers, wouldn't put up with crap like that. spot on buying bear. from stories i've heard from friends, repos often involve the buyer getting a low offer accepted, then being strung along and losing out to a higher offer having wasted loads of money. The offer it sells for may not be quite what a greedy owner might try to hold on for but will be market value (as it should be). I personally wouldn't try to buy a repossession as I the banks are rightfully looking for top dollar. Quote Link to comment Share on other sites More sharing options...
Marina Posted March 29, 2006 Share Posted March 29, 2006 There is one in our local paper this week. Big Victorian place - would fetch 600k normally - had an offer of 475k - by order of the mortgagees etc. That's a sign is it? Couple of people couldn't make the mortgage payments. I set it against all the other signs. The ones that say Sold on them. They are everywhere round here. Quote Link to comment Share on other sites More sharing options...
Fudge Posted March 29, 2006 Author Share Posted March 29, 2006 They where in the Kettering Evening Telegraph. The reason I say it as a sign is because the last time I saw this sort of thing was 1990. Quote Link to comment Share on other sites More sharing options...
BufferBear Bitcoin Bull Posted March 29, 2006 Share Posted March 29, 2006 See this thread. http://www.housepricecrash.co.uk/forum/ind...th+london+press Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.