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Offers In Excess of £250,000?
ArtfulDodger
Posts: 7 Forumite
http://www.rightmove.co.uk/viewdetails-17421196.rsp?pa_n=7&tr_t=buy
There are a couple of flats near us with an asking price of OIEO £250,000. Why would anyone do this? they must know no-one is going to pay more that £249,999 (Stamp duty threshold)?
Any ideas?
There are a couple of flats near us with an asking price of OIEO £250,000. Why would anyone do this? they must know no-one is going to pay more that £249,999 (Stamp duty threshold)?
Any ideas?
0
Comments
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Stupidity Wishful thinking.0
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Marketing gimmick. Reduce from £300 to £285k to OIEO £250k. Next move will just say £250k then go lower......[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 -
You'd be surprised actually. There are many people who look to buy property who have no idea about stamp duty, how much it will cost them, the thresholds etc.
Just 2 years ago I worked with a married woman with 3 kids, on their 3rd house who had been out looking at houses and was gobsmacked when she had found out about stamp duty.0 -
The estate agent appears to have manipulated the photo of the bedroom to get rid of the purple decor.
I doubt it is getting much interest...may be awful when you see it in real life. It is basement flat with a boxed-in north-facing patio.
It is on the large size but I would imagine that basement flats are difficult to shift right now. £220k?0 -
Idiot seller and idiot agent!
Have you checked previous sold prices?? Check out nethouseprices.com0 -
If someone offered them £200K for it they'd bite their hand off.ArtfulDodger wrote: »http://www.rightmove.co.uk/viewdetails-17421196.rsp?pa_n=7&tr_t=buy
There are a couple of flats near us with an asking price of OIEO £250,000. Why would anyone do this? they must know no-one is going to pay more that £249,999 (Stamp duty threshold)?
Any ideas?0 -
They'll only get over £250k if they're willing to pay the stamp duty themselves!Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
they must know no-one is going to pay more that £249,999 (Stamp duty threshold)?
You can pay £250,000 and only pay 1% SDLT - it is over £250,000 that the 3% rate applies. Apart from saving £1 on the price (and because of round down), £1 SDLT, all this £249,999 stuff is unnecessary.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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