Selling Houses On C4 Now

[pod]

The fantastic presenter of this programme just said

In todays market if you get an offer of 10% less than your asking price, you really should consider it!

And the couple in the programme have had to slash £30,000 off the price of their house!

[theChuz]

yea he always seems to talk some sense.

[JustYield]

The fantastic presenter of this programme just said

In todays market if you get an offer of 10% less than your asking price, you really should consider it!

<{POST_SNAPBACK}>

Is that before or after you've bitten his hand off?

[Warwickshire Lad]

And the couple in the programme have had to slash £30,000 off the price of their house!

<{POST_SNAPBACK}>

The original EA valuation was £350K, and apparently they accepted an offer of £310K, a drop of £40K.

[pod]

The original EA valuation was £350K, and apparently they accepted an offer of £310K, a drop of £40K.

<{POST_SNAPBACK}>

And even at that, the presenter was saying "it's early days", and "the offer may come to nothing"...

[theChuz]

The original EA valuation was £350K, and apparently they accepted an offer of £310K, a drop of £40K.

<{POST_SNAPBACK}>

I assume it wasnt a FTB'r buying it at that price, so one wonders if it actually completly or if it was a sold STC and fell through.

[is_suicide_the_next_logical_step]

well this could be a turning point for future tv programs!! ...ive just taken my noose down and started handling sharp objects again :-)

[pod]

well this could be a turning point for future tv programs!! ...ive just taken my noose down and started handling sharp objects again :-)

<{POST_SNAPBACK}>

Glad to be of some help ISTNLS!

[Guest Charlie The Tramp]

And even at that, the presenter was saying "it's early days", and "the offer may come to nothing"...

They are desperate to sell, she`s had a baby and no longer works.

The mortgage is £1500 per month and they are borrowing off the family to pay it.

Need to downsize the first of many to come. Looks like they bought it as FTBs.

[Diddlysquat]

They are desperate to sell, she`s had a baby and no longer works.

The mortgage is £1500 per month and they are borrowing off the family to pay it.

Need to downsize the first of many to come. Looks like they bought it as FTBs. 

<{POST_SNAPBACK}>

That's exactly the situation we were afraid of, hence the fact we are still renting!

[Warwickshire Lad]

Need to downsize the first of many to come. Looks like they bought it as FTBs. 

<{POST_SNAPBACK}>

I would like someone to explain to me why, when they were originally on their own with no children, that they felt they needed to buy a 4-bedroom house - let alone how they could have even afforded the £200K+ price tag they would have originally paid.

Presumably they were both earning very well, and I wonder it their mortgage lender went above the 3x maximum as well, as many have done.

Now, they do have a family they are forced to live in a smaller house.

Each time I watch a property programme I come away baffled in one aspect or another.

Edited April 28, 2005 by warks_lad

[ILikeBigBoobs]

I would like someone to explain to me why, when they were originally on their own with no children, that they felt they needed to buy a 4-bedroom house - let alone how they could have even afforded the £200K+ price tag they would have originally paid.

Presumably they were both earning very well, and I wonder it their mortgage lender went above the 3x maximum as well, as many have done.

Now, they do have a family they are forced to live in a smaller house. 

Each time I watch a property programme I come away baffled in one aspect or another.

<{POST_SNAPBACK}>

Seems to me they've done well and will be walking away with £100k+

[DoubleBubbleTrouble]

Seems to me they've done well and will be walking away with £100k+

<{POST_SNAPBACK}>

Ah the myth of property wealth in action.

If they buy somewhere else bang the money's gone... they would have no option but to buy somewhere smaller or in a worse area. The only way they walk away with 100K is if they rent.

This is why House Price Inflation in general only lines the pockets of speculators and retiree's.

[right_freds_dead]

dont forget this was C4

C4C4C4C4C4C4C4C4C4C4C4C4C4

C4C4C4C4C4C4C4C4C4C4C4C4C4

C4C4C4C4C4C4C4C4C4C4C4C4C4

well done again C4 for truth and honesty - again.

puts the bbc to shame.....

[pod]

This is why House Price Inflation in general only lines the pockets of speculators and retiree's.

<{POST_SNAPBACK}>

and estate agents...

[GCS15]

and estate agents...

<{POST_SNAPBACK}>

I think we treat EA with having more power than they actually have. EA are the middle man and make their money on sales. Sure they make more money on large sales but they depend on volume more than anything.

That being said they are leaches. IMO

[market watcher]

"

Ah the myth of property wealth in action.

If they buy somewhere else bang the money's gone... they would have no option but to buy somewhere smaller or in a worse area. The only way they walk away with 100K is if they rent.

This is why House Price Inflation in general only lines the pockets of speculators and retiree's."

If I remember correctly, the property was 61, Mount Road, Wickford which was bought for £280k in October 2002. With the £4,000 makeover costs, stamp duty, solicitors' and agent's fees, they will be making a few thousand over nearly three years if the offer of £310,000 completes. The property boom seems to have passed them by and many others I suspect.

[Mushroom]

This is the new 'housing ladder' in action. People should remember that ladders can take you down, as well as up.

<{POST_SNAPBACK}>

And at the top of a very tall ladder you'd better know what you're doing.

It's a long way to fall!

[Casual Observer]

This is why House Price Inflation in general only lines the pockets of speculators and retiree's.

<{POST_SNAPBACK}>

And the Chancellor (stamp duty, IHT, revenue from MEW purchases)