TheCountOfNowhere Posted September 8, 2011 Share Posted September 8, 2011 Some seem to have gone for very high prices - far more than their worth. Tell me about it !!! Quote Link to comment Share on other sites More sharing options...
exiges Posted September 8, 2011 Share Posted September 8, 2011 (edited) Some seem to have gone for very high prices - far more than their worth. That Sywell property probably already has planning submitted to demolish and put up 5 houses. Guide price £225k.. sold for £445k Other than it being infront of an unsightly bus stop, I liked this one, which sold for guide price http://www.eigroup.co.uk/imagelib/lotphotos/ric/20110907/3.pdf Edited September 8, 2011 by exiges Quote Link to comment Share on other sites More sharing options...
exiges Posted September 9, 2011 Share Posted September 9, 2011 (edited) The EA called to say there was another viewing on the property today, they put in an offer which is in excess of ours.. and now the vendor wants a better offer from me. (the other party isn't in as strong position.. I think they're in a chain and require a mortgage). I was out on a meeting yesterday so didn't call the EA, and I didn't want them to think we were too keen.. so I called them today to find someone has had their "8-something" offer accepted, so it's SSTC. Who says it's tough out there? Every house I've been interested in has gone for way above "2007 peak" and gone within days, not even a week. I'm consoling myself (sour grapes) that I didn't want to live near Wellingborough, the schools are crap, and there's a big drug problem, hardly the best environment for our 3yr old. Of course, if the chain falls through and they take my offer I'll retract my statement. Edited September 9, 2011 by exiges Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 9, 2011 Share Posted September 9, 2011 (edited) I was out on a meeting yesterday so didn't call the EA, and I didn't want them to think we were too keen.. so I called them today to find someone has had their offer of "8-something" accepted, so it's SSTC. Who says it's tough out there? Every house I've been interested in has gone for way above "2007 peak" and gone within days, not even a week. That is crazy. All we can do is wait. The London bubble ( where I guess most of these buyers are coming from ) can't keep going forever, anyone paying that sort of 2007+++ price is stupid and obviously has no financial sense or local knowledge and will surely suffer long term. Isn't wellingborough 1 hour into London...Ideal for someone selling their 3 bed house in clapham, move to the country and over-pay big time for a house near wellingborough. Me and the countess drove through wellingborough a few weeks back..we wouldn't want to live there. Also, I'm guessing a lot of these places are going to people in chains...i.e. those that have to borrow an extra £600 quid a month at today's brilliant interest rates...having no idea they are committing themselves to a life time of debt. I'm out of looking again now...it's not sensible to buy at peak 2007 +++ prices...that means heavy heavy heavy losses at some point. P.S. could the estate agent be trying it on ? Bit of a coincidence dont you think. Defo says under offer on their web-site. Really does defy belief. 850K to live in wellingborough !! PPS on the other side of the coin: This place with the same agents: http://www.carterjonas.co.uk/properties-for-sale/wootton/northampton/NOR110156.html sold at the peak in 2007/2008 and has been off and on the market for a long time now. I even recall one of the posh agents trying to sell it in London and avertised it in terms of US dolars. Still now sold though. Edited September 9, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
exiges Posted September 9, 2011 Share Posted September 9, 2011 Also, I'm guessing a lot of these places are going to people in chains...i.e. those that have to borrow an extra £600 quid a month at today's brilliant interest rates...having no idea they are committing themselves to a life time of debt. The people who had their offer accepted are "chain free", but the EA was unsure about whether they needed funding or not.. the EA did say they knew the (buying) family well.. hmm Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 9, 2011 Share Posted September 9, 2011 (edited) The people who had their offer accepted are "chain free", but the EA was unsure about whether they needed funding or not.. the EA did say they knew the (buying) family well.. hmm I personally think you might see it on the market again. If they need to borrow the valuer will/should look at the last sale price and immediately cover his own backside by saying it's worth 5% less. The banks might take their 300K deposit I guess. Says a lot about the agent if they knew the family and was still happy to try and sell them something valued at 100K more than a peak price. There are no end of places falling through at the mo though. We viewed this one: http://www.rightmove.co.uk/property-for-sale/property-29042182.html Great house...right on a main road though. Might have paid 500K for it and lived with the noise, but when we thought about it even then we couldnt do it. Couldn't see anyone paying £700K for it...I personally thought it would drop to 600K then someone might jump..I was gobsmacked when it went SSTC....was less surprised when we say it back on the market. 01 September 2011 * Status changed: from 'Under offer' to 'Available' 08 August 2011 * Status changed: from 'Available' to 'Under offer' 25 January 2011 * Initial entry found. It's now back on the market and been up for sale for most of the year....one of these cash rich Londoners might snap it up...their loss not mine. Best put your feet up and enjoy the view for now. Edited September 9, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 9, 2011 Share Posted September 9, 2011 That Sywell property probably already has planning submitted to demolish and put up 5 houses. Guide price £225k.. sold for £445k Other than it being infront of an unsightly bus stop, I liked this one, which sold for guide price http://www.eigroup.co.uk/imagelib/lotphotos/ric/20110907/3.pdf Bit more promising from the countrywide auction http://www.countrywidepropertyauctions.co.uk/PDFDocs/Results.London.Sept11.pdf This one sold for the guide (120k) http://www.rightmove.co.uk/property-for-sale/property-34953731.html This one didnt sell (no pic, but its a wreck in a questionable part of wellingborough). Though its big, so surprised it didnt get snapped up and turned into bedsits. Didnt go to the auction though, so maybe the reserve was higher than the guide, or maybe theres lots of structural issues. http://www.rightmove.co.uk/property-for-sale/property-31419475.html Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 9, 2011 Share Posted September 9, 2011 (edited) Bit more promising from the countrywide auction http://www.countrywidepropertyauctions.co.uk/PDFDocs/Results.London.Sept11.pdf This one sold for the guide (120k) http://www.rightmove.co.uk/property-for-sale/property-34953731.html This one didnt sell (no pic, but its a wreck in a questionable part of wellingborough). Though its big, so surprised it didnt get snapped up and turned into bedsits. Didnt go to the auction though, so maybe the reserve was higher than the guide, or maybe theres lots of structural issues. http://www.rightmove.co.uk/property-for-sale/property-31419475.html The glasgow street one went SSTC a while back them came back on if I remember rightly. It's a fair sized house for 120K but wouldnt I want to live in Warsaw 1 Edited September 9, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
exiges Posted September 9, 2011 Share Posted September 9, 2011 I personally think you might see it on the market again. .. There are no end of places falling through at the mo though. The trouble is, they've now "ruined" the vendor.. who will now think my offer really was too low, because someone else has offered very near asking.. so that must be what it's worth. Quote Link to comment Share on other sites More sharing options...
exiges Posted September 9, 2011 Share Posted September 9, 2011 We viewed this one: http://www.rightmove.co.uk/property-for-sale/property-29042182.html Great house...right on a main road though. Might have paid 500K for it and lived with the noise, but when we thought about it even then we couldnt do it. Lovely looking house, good classic shape. But £700k ? That's just preposterous. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 9, 2011 Share Posted September 9, 2011 (edited) Lovely looking house, good classic shape. But £700k ? That's just preposterous. It's a fine house but needs some work. The main down side is the noisy road though. Would sell tomorrow for 500K, would probably sell to someone in a chain if the asking price was 600K, but 700K...not a hope. We did have a re-think about it when the sale fell though but we both agreed we don;t want to live on that noisy corner....at any price. The asking prices of the decent houses are really silly, at or above 2007 levels. People are paying ti though. House dog posted a link so people could look up the accounts of agents, what I saw was the top end E.A. are still coining it in ( from the idiots paying way over the odds ). Where these idiots come from and why they are paying far too much is anyone's guess. Edited September 9, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 9, 2011 Share Posted September 9, 2011 (edited) The trouble is, they've now "ruined" the vendor.. who will now think my offer really was too low, because someone else has offered very near asking.. so that must be what it's worth. Also, bear in mind when it comes to £0.8 Million, i wouldn't trust my own granny if she was trying to sell me a house, never mind some estate agent who's trying to make maybe £10-£20 K on the deal !!!! Edited September 9, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 9, 2011 Author Share Posted September 9, 2011 (edited) The glasgow street one went SSTC a while back them came back on if I remember rightly. It's a fair sized house for 120K but wouldnt I want to live in Warsaw 1 78 Glasgow Street Northampton last sold for £191K in late 2007 It appears to be the address of an Independent Financial Advisor Edited September 9, 2011 by HouseDog Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 10, 2011 Share Posted September 10, 2011 78 Glasgow Street Northampton last sold for £191K in late 2007 It appears to be the address of an Independent Financial Advisor Either he's not very good, or else theres some sort of mortgage fraud going on there. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 10, 2011 Share Posted September 10, 2011 Not sure whats with the wellingborough one, either. Sold for £175k earlier this year...but wasnt on rightmove, plot hasnt been subdivided. now they want just £120k Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 10, 2011 Author Share Posted September 10, 2011 (edited) Not sure whats with the wellingborough one, either. Sold for £175k earlier this year...but wasnt on rightmove, plot hasnt been subdivided. now they want just £120k Yes - it last sold in Feb of this year. How odd! Edited September 10, 2011 by HouseDog Quote Link to comment Share on other sites More sharing options...
exiges Posted September 11, 2011 Share Posted September 11, 2011 Sold for £175k earlier this year...but wasnt on rightmove, plot hasnt been subdivided. now they want just £120k £55k of it was their deposit perhaps? Divorce and they need out fast ? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 12, 2011 Share Posted September 12, 2011 (edited) £55k of it was their deposit perhaps? Divorce and they need out fast ? Just looking at the carter jonas web-site for the house you offered on: I did a search for: "Wollaston Wellingborough" Out of the top 20 most expensive places listen when I do that seach...they have one under offer...which is the one you offered on !!!! I spoke to a copper once who told me when they investigate a crime they say coincidences can/do happend, but they tend to ignore them and go with the theory that it's not coincidence it's deliberate. Do you think an agent pretend to have an offer just i n the hope you might come back and equal/beat it ? For 2% commission on £800K...would you ? It's an interesting question...can you trust anything an agent says. P.S. This house claims to be 4000 sq ft: http://www.carterjonas.co.uk/properties-for-sale/irthlingborough/wellingborough/NOR110061.html £130 per square foot. That's a decent price. Edited September 12, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
exiges Posted September 12, 2011 Share Posted September 12, 2011 Do you think an agent pretend to have an offer just i n the hope you might come back and equal/beat it ? For 2% commission on £800K...would you ? My gut feeling is that it's a genuine offer.. But I wouldn't put it past any EA P.S. This house claims to be 4000 sq ft: http://www.carterjonas.co.uk/properties-for-sale/irthlingborough/wellingborough/NOR110061.html £130 per square foot. That's a decent price. True but 450sqft is the attic with floorboards down.. and they show no photos of the garden I'd wager there isn't one worth having. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 13, 2011 Share Posted September 13, 2011 Time will tell I guess Exiges. The thing I found strange about that "4000" square foot house is that they counted the garage...when i've sold before the agent tol;d me you don't count the garage !!!! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 13, 2011 Share Posted September 13, 2011 (edited) http://www.rightmove.co.uk/property-for-sale/property-30420961.html 13 September 2011 * Price changed: from '£260,000' to '£249,995' 15 July 2011 * Price changed: from '£270,000' to '£260,000' 30 June 2011 * Price changed: from '£275,000' to '£270,000' 15 June 2011 * Initial entry found. This place has been up for a while now, before June I reckon. Looks like reality is hitting. Also, a mate of mine has been trying to sell his house all year, a few viewings, no offers. Has taken it off the market as he hopes things will be better next year.!!! Actually, he lives hear here: http://www.rightmove.co.uk/property-for-sale/property-30956305.html Great decor for a trendy warehouse conversion.... Edited September 13, 2011 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 13, 2011 Author Share Posted September 13, 2011 Also, a mate of mine has been trying to sell his house all year, a few viewings, no offers. Has taken it off the market as he hopes things will be better next year.!!! Actually, he lives hear here: http://www.rightmove.co.uk/property-for-sale/property-30956305.html Great decor for a trendy warehouse conversion.... Yes - the decor is so wrong for a house of this type and period. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 13, 2011 Share Posted September 13, 2011 Yes - the decor is so wrong for a house of this type and period. too right. I quite like it, but would be more in keeping with a flat over-looking Sydney harbour than a semi in Delapre. Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 13, 2011 Author Share Posted September 13, 2011 (edited) too right. I quite like it, but would be more in keeping with a flat over-looking Sydney harbour than a semi in Delapre. Not exactly Sydney Harbour, but maybe they bought the house when there was a bridge at the bottom of Bridge Street ? Bridge Street Northampton Edited September 13, 2011 by HouseDog Quote Link to comment Share on other sites More sharing options...
HouseDog Posted September 13, 2011 Author Share Posted September 13, 2011 (edited) http://www.rics.org/site/download_feed.aspx?fileID=10407&fileExtension=PDF [14th Sept 2011] RICS UK Housing Market Survey August 2011 Martin Pendered FRICS, Martin Pendered & Co., Wellingborough June, July and August have all been positive sales months. August, normally a quiet period, has been more active than usual with a good supply of new instructions. Certain sectors remain weak but prospective buyers are quite plentiful for other types of property, mainly mature houses. - - A C Farnsworth MRICS, Berrys, Kettering, Northamptonshire The housing market has been sluggish over the past three months with the volume of sales decreasing, buyers are caught in the mortgage famine and increases in the cost of living and lower salary levels in real terms. Overall confidence in the residential market is low. The next quarter will be a crucial period for the market this year, and an indication of how we will fair next year. The local media have been talking the market upwards, activity and results show completely the opposite. Transactions are fewer and have confirmed the chronic undersupply which affects this region. -- Edited September 13, 2011 by HouseDog Quote Link to comment Share on other sites More sharing options...
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