Monday, Jul 23, 2018

1995 all over again ?

BBC: Rise in lenders valuing homes below sale price

Actually I have just spotted a massive error in their title. The sale price is determined at completion. Any figures before then are just indicative.
The comments are interesting many mirroring what many people hear have been saying for years.
On a personal note I am guessing this is what happened to me in 1995 when my "Buyers" who had offered £52K couldn't get a big enough mortgage. That was for a house that I had paid £65K for in 1989 (but with only a £40K mortgage).

Posted by tenyearstogetmymoneyback @ 06:50 PM (1934 views)
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1. Versys said...

This happened to a family member on the Kent coast a few months ago.
It stuffed the sale, it did sound like the agreed price was pushing the street value higher which does not seem to be the way now (at last!).

Wednesday, July 25, 2018 08:02AM Report Comment

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