ok - seen a nice house. How do we know if it's a repossession?

domcastro

geoffky wrote: »

can you complete in 14 days?

I didn't know you had to?? Anyway - just got confused. Went to see the house - it's nice. Empty though but with no poster in window. Anyway, it's number 1c but the estate agent details say 19. Also according to house price search, a number 19 was sold for 249k in 2005 but there is no 1c that's been sold. There's no number 19 on the whole road (I walked the length of it) The numbers go 1a,1c,21,25,33 bit wierd! I assume it's the number 19???
I'll ring estate agents in the morning and get him to clarify and I'll book a viewing

DawnW

Why not just ask the EA? I have done this, and got a straight answer!

domcastro

Yeh sorry - only got details this morning - been teaching all day, they were closed by the time I got home. And I got impatient!

markelock

domcastro wrote: »

In the property details it says
NB your attention is drawn to the fact we have been unable to confirm whether certain items included in the property are in full working order. Any prospective buyer must accept that the property is offered for sale on this basis.

They sent me 4 other property details today and none of them have this NB clause

this is usually a standard clause, effectively removing any liability for selling a house which is potentially lethal. it's for yourselves, or the surveyors to check what does and doesn't work.

domcastro

mmm worried now - other houses didn't have that clause. And I've just noticed it was only 60k in 2002, when the other houses were 180k. But then sold 3 yrs later for 249k. Looks nice enough
http://www.rightmove.co.uk/viewdetails-18143368.rsp?pa_n=1&tr_t=buy&mam_disp=true

Doozergirl

Sometimes the house price websites get it wrong. It could have been a part exchange where they noted the difference, it could have been the mortgage amount that got logged, it could have been a remortgage.

Have you seen the grass today? The grass looks okay and if it's been on the market since mid-june and it's a repo, you will tell because it will be very unkempt.

GDB2222

domcastro wrote: »

No - I'm not good at getting jokes if that's a joke??! It's in perfect condition

Sorry Dom. I was not joking, but being rather obscure.

One of the standard procedures during the last property bust was to park an old car on the driveway of repos to deter squatters and make the place look more inhabited. Pretty soon, you could spot a repo easily because it had a rusty Ford Sierra on the driveway, so it actually had the opposite effect to the one intended.

markelock

Doozergirl wrote: »

Sometimes the house price websites get it wrong. It could have been a part exchange where they noted the difference, it could have been the mortgage amount that got logged, it could have been a remortgage.

Have you seen the grass today? The grass looks okay and if it's been on the market since mid-june and it's a repo, you will tell because it will be very unkempt.

probably £160k, and they've omitted the 1

Doozergirl

markelock wrote: »

probably £160k, and they've omitted the 1

It could be anything. I've sales attributed to the wrong house even.

domcastro

Doozergirl wrote: »

Have you seen the grass today? The grass looks okay and if it's been on the market since mid-june and it's a repo, you will tell because it will be very unkempt.

The drive had lots of weeds growing through - the photo has a clean drive. What application did you use to know that it had been on market since mid june? I've heard people talk about PropertyBee (?) but I don't want to install Firefox. It's weird that it's numbered 1c whereas EA and House Prices refer to it as number 19. I've decided it's worth a visit if the EA thinks I can get it for about 205k when in 2005 it was 249k. I think I'll get a proper survey (if I put offer in) though because of that NB clause mentioned earlier

Unfortunately I've got a funeral to go to tomorrow, so I will ring EA on Wednesday. I've just noticed there's a definite repossession down that road but the house isn't so pretty (semi, 3 bed - got that tape stuff in kitchen and only 184k).