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Sarah Beeney to rescue the housing market
poppy10_2
Posts: 6,597 Forumite
The Beenster is all over the papers today pimping her new website, completingchains.com
What are the panel's thoughts?How it works:
In a chain of five houses ranging in asking price from £100,000 to £500,000, the owner of the most expensive property will lose £150,000 if prices drop by the predicted 30 per cent. The cheapest property would fall to £70,000, which is within reach of many first-time buyers.
Completingchains.com would negotiate a £10,000 discount on the most expensive property. The buyer of that house, having saved £10,000, can discount his home by £15,000, the next buyer by £20,000 and so on until the same £70,000 first-time buyer price is reached.
The minimal impact on equity for all buyers in the chain means that it is less likely to fail.
What is in it for Beeny? As a director, she will benefit from commission charged to estate agencies when sales in a chain it has helped to establish go through. In essence, the site relies on estate agents co-operating and sellers using pragmatism and common sense in order to broker a deal.
poppy10
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Comments
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I think I'm in LOVE:heart2:In an Acapulco hotel:
The manager has personally passed all the water served here.:rotfl:0 -
Look at the ARTICLE... not the picture....0
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How she doesn't fall over I'll never know.:think:I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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It would be interesting to see if this works. I used to work with one of the other people involved with her in setting this up & I wouldn't trust him as far as I could throw him. That was about years ago so he may have changed.0
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Is this to fund her reduction????You cant have everything; where would you put it?
Reclaimed: marbles c/card-£131.00,MBNA c/card-£385.00,Capital One c/card-£230.00,Natwest c/card-£248.68,Nationwide PPI-£1590.88,Nationwide c/card-£56.21,Barclays PPI-£2805.280 -
Her bubble is clearly still inflated[FONT=Arial, Helvetica, sans-serif]Rise like Lions after slumber
In unvanquishable number -
Shake your chains to earth like dew
Which in sleep had fallen on you -
Ye are many - they are few.[/FONT]0 -
Is there anything known to man that's more arousing than a picture Beanies funbags?0
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Romani_Ite_Domum wrote: »Sarah, the idea sucks as it means the top if the chain loses 2% and the bottom of the chain loses 30%.
Easier way is all to drop 30% .......sorted.
BTW big fan x
My thoughts exactly - the only winners are those higher up the chain and the first time buyer (but only if they drop the starter home to a realistic market price)!!MSE PARENT CLUB MEMBER.ds1 nov 1997ds2 nov 2007:jFirst DDFirst DD born in june:beer:.0
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