Sunday, July 1, 2007

So much for the booming market

One couple’s struggle to sell their home

Well we have had an amazing array of viewings. Our price has now dropped to just below £340,000 which is very disappointing as we know it is underpriced but want to sell so have decided to cut our losses in this very slow market. We are now in a position where we will be selling our property at a loss - and this in a rising market.

Posted by uncle chris @ 11:43 AM (359 views)
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9 thoughts on “So much for the booming market

  • Surfgatinho says:

    Job description: meeja
    Say no more!

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  • “We are very disappointed as we know it is underpriced at £340K” (oh, only over 13 times the ‘average’ salary in the UK [not even the median or the mean!]). Hm, wonder how much they actually PAID for it in the first place?!

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  • Well done Uncle Chris. I suspect that in the next few months, stories like this will not be too difficult to find. They will blame us wannabe FTBs for not having the money! Yeah right, even a jumped up lawyer cannot afford 200K plus.

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  • Been too busy over on the Main Discussion Forum, where people are selflessly pitching in with an appropriate level of sympathy and support.
    Talk about mocking the afflicted!

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  • japanese uncle says:

    Terribly sorry for the seller, I am not prepared to pay over 100,000 for this sort of house, not too spacious, facing commercial street. 340,000, absolutely No Way!. I feel dizzy!. This reminds me how far the property world is detached from the real world.

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  • It is really odd – how they get excited about the property that they have been viewing which is valued less than others of the same, and complain about people not offering the asking price on theirs.

    Talk about blinkered.

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  • This amused me

    “We’ve had a porn star (yes really), a divorced lady who came twice, and so many more.”

    you could be forgiven for reading it as “We’ve had a porn star who came twice”

    boom boom!

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  • I_think_they_are_being_rather_greedy says:

    Next to one of the photos on the site it notes that they paid £304,500 18 months ago. I am too lazy to check this with the land registry. If correct, whey the hell do they think it is worth so much more now.

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  • little professor says:

    It’s 32 Bell Street – sold in Feb 2006 for £304,500. Previously sold for £180,000 in 2001.

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