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How Much Would You Be Prepared To Lose


Guest wrongmove

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Guest wrongmove

Cheers to calcaria on TMF for this:

How much are you prepared to lose for a quick sale?

How much are you prepared to lose for a quick sale? The owners of this £300,000 house were offered just £185,000 by the home-buying company they called in to take it off their hands. Ross Clark reports

Friends of "Property Master"...?

Sounds like a good business plan. Several hundred quid to do a survey and make a ridiculous offer. Several tens of thousands if the vendors are desperate enough to accept it. I guess that is what they mean by BMV.

It goes to show that putting in a few extremely cheeky offers may be worthwhile, even now.

source: http://boards.fool.co.uk/Message.asp?mid=8942014&recscode=2

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Seemed like a reasonable company that use a bunch of shyster surveyors that drive past your house and then charge £430 for making up a value.

The low offers they are making are to cover them selves against the crash - they need to build up capital against being stuck with unsaleable houses.

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Guest wrongmove
Seemed like a reasonable company that use a bunch of shyster surveyors that drive past your house and then charge £430 for making up a value.

The low offers they are making are to cover them selves against the crash - they need to build up capital against being stuck with unsaleable houses.

Yeah, they can't really lose. Charge £430 to make a silly offer, then if the vendor accepts, they can still sell well BMV and pocket a big profit.

Nice work if you can get it !

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Seemed like a reasonable company that use a bunch of shyster surveyors that drive past your house and then charge £430 for making up a value.

The low offers they are making are to cover them selves against the crash - they need to build up capital against being stuck with unsaleable houses.

The fee was apparently £70 - £120, the rest being the company's margin. We often have to do drive by valuations at about £50 (not for this crew). Usually you're told what the accommodation is. It's effectively a desk top exercise and a pain in the neck.

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  • 441 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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