FTB, looking at Repo property.

besonders1

Entertainer wrote: »

The market has changed obviously, given that prices are falling but when properties are underpriced as you seem to be suggesting, there can be alot of interest and offer prices/ guide prices are meaningless and, in fact, downright misleading. Properties can go to sealed bids with lots of offers way over the guide price. So don't get your hopes up, it could end up as one big wild goose chase.

As I say, this is a completely different time with prices crashing so these normal rules might not apply. Be careful though, today's bargain might be next years market price or lower if prices have fallen another 15/20%.

As to the utilities, this is no big deal getting them reconnected.

Very well said, it is strange how when you look at the current market with loads of houses in one town or city still at 2007 prices, when one appears at 30% off everyone rushes to make an offer on one house, then it actually sells at almost the same price or 10% under!

As you say though, although they look like bargains today when more reduction appear in the new year, the guide prices will standardize and become the "going rate"

zaphod_beeblebrox_2

There is another similar thread that you may want to bookmark

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