Jump to content
House Price Crash Forum

Selling Houses On C4 Now


Recommended Posts

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!

Link to post
Share on other sites
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. :(

Link to post
Share on other sites
Need to downsize the first of many to come. Looks like they bought it as FTBs.  :(

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 by warks_lad
Link to post
Share on other sites
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.

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

Link to post
Share on other sites
Seems to me they've done well and will be walking away with £100k+

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.

Link to post
Share on other sites

"

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.

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...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 439 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.