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Debate House Prices
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EAs Squeal like that guy on deliverance
Comments
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mean_momma wrote: »All very well to get real and sell off your place at a huge discount, but where will these worthy sellers end up? Cash in the bank, not earning a penny interest, having to find rent whilst house hunting, worries over banks going bust with the funds, not able to find another property to buy because others won't reduce.... ....
No thanks, best to wait.......
.... You forgot to mention houses dropping in price at ~15% p.a.
So by selling now they get more money for their house than they would further down the line - and if they wait they get the next one cheaper than it otherwise would be. If they don't wait and trade up straight away they still benefit from the steps of the ladder being closer together today than they were during the peak of the bubble.
(And what do you mean by selling at a "huge discount"? Do you perhaps mean selling at present market value?)--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
.... You forgot to mention houses dropping in price at ~15% p.a.
So by selling now they get more money for their house than they would further down the line - and if they wait they get the next one cheaper than it otherwise would be. If they don't wait and trade up straight away they still benefit from the steps of the ladder being closer together today than they were during the peak of the bubble.
(And what do you mean by selling at a "huge discount"? Do you perhaps mean selling at present market value?)
Yes, in theory the seller would acquire the replacement property more cheaply, but that is not guaranteed. Rent payable whilst hunting would not be going to a mortgage, so would partly be written off. In the case of a non-working person, any rent paid would come out of capital. Finding the right place at the right time at the right price would not necessarily be easy or cheap, not worth the risk of selling at current market value (for repos).
I can't see the thread, but I think that the figure mentioned earlier by an OP referred t0 35% over-valuation.0 -
Some backward mountain-men with their own values and a city-weekend-trippers in the wrong place at the wrong time. I won't link to a YouTube clip because it isn't the most pleasant viewing.
http://uk.youtube.com/watch?v=Uzae_SqbmDE&feature=related
Bugg*r.:sad:0 -
I have a family member who is an EA so at least recognise you have no knowladge of the industry and you can at least stop posting personal oppinion as fact.
Ever watch one of ther property !!!!!! programes ?
Where they get in three EA's to value a house and the values range from 260-340 for the same property?
EA's are chancers.
Like any salesman.
You start at the highest price and let people knock you down from it.
I do it myself, I'd be crazy not to !
Problem is, too many muppets believed that was the real market price, not the inflated one, and had to get on the ladder right now without thinking they were being mugged.0 -
housesitter wrote: »Ever watch one of ther property !!!!!! programes ?
Where they get in three EA's to value a house and the values range from 260-340 for the same property?
Is that not the same as any valuer/ auctioner etc?
You cant know the exact price it will sell for as it is what an individual will pay for it.
If they sold them like a packet of crisps and every one was the same price that would be different.
To give an estimate within 20% is a lot better than you will get by an auctioner.
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sorry I havent got a clue what you are on about...?
The OP refers to a film called Deliverance about a group of City dwellers spending a weekend rowing down a river which features a rather nasty anal rape scene towards the end with the rapist shouting "Squeal piggy, squeal" to his unfortunate victim.
I think the reference in the title of the thread is that Estate Agents will end up in a situation analogous to being anally raped by another man.
I've yet to be convinced that homosexual rape is a reasonable response to Estate Agentism.0 -
Is that not the same as any valuer/ auctioner etc?
You cant know the exact price it will sell for as it is what an individual will pay for it.
To give an estimate within 20% is a lot better than you will get by an auctioner.
Yes. Please stop defending EA's then, because you suggested to the poster higher up, re: your relative, that they are not money grabbing chancers who over inflated the list prices of property for their own gains.
You seem to full accept that is exactly what they did and will continue to do until they are regulated.
So which is it?0 -
housesitter wrote: »Yes. Please stop defending EA's then, because you suggested to the poster higher up, re: your relative, that they are not money grabbing chancers who over inflated the list prices of property for their own gains.
You seem to full accept that is exactly what they did and will continue to do until they are regulated.
So which is it?
Look in reality an EA just provides a sales and advertising service. (it is expensive to do colour advertising in a paper) for a % cost of a property
(recruitment consultants are far worse than EA's but far less hated )
You can sell on line if you like and use a self marketing company.
But on those sites which where the seller advertises are the houses cheaper or are they still trying to get top whack without the fees?
Search these
http://www.thelittlehousecompany.co.uk/
Is it the EA's or the sellers. I think you can answer that now.
to me they provide a service that could work out cheaper than doing it yourself (espetialy if you don't sell)
Everyone as a choice in life but there seems to a resentment why you can't advertise and sell your house for free.
Do us a favour when you buy and sell please do so without an EA and at the price you purchased for.:rolleyes:0
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