Jump to content
House Price Crash Forum
Sign in to follow this  
Bathsheba Everdene

Is This An Estate Agent Saying The Crash Is Nigh?

Recommended Posts

I received a letter this morning, dated 'January 2007', from an estate agent in central London (based not far from Goodge Street/Tottenham Court Road), which begins:

'This is the perfect opportunity to capitalise, last week's interest rate increase and inflation figures indicating a possible future change in the market!'

The letter then continues:

'Take advantage of our exclusive register of red hot purchasers' and says that due to the massive shortage of properties in the area, the agent is achieving record prices. It offers a commission discount (unspecified) on sales and lettings, which it says is to mark its 20th anniversary, and says:

'With the current demand for residential property so high combined with our commission incentive, this is a unique market opportunity not to be ignored.'

The agent is reputable, well-established, and knows the local market well. I'd say they think the crash is imminent, and want to bank as much commission as possible before battening down the hatches.

BE

Share this post


Link to post
Share on other sites

Reminds me of stories of the old ladies who would rob dying men on the battlefields of old, then sell the trinkets to the next lot of soldiers who came along - whether the punters are on the winning side or the losing side, there's always someone waiting to take advantage...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 337 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%



×
×
  • Create New...

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.