House price crash? not where I'm looking....

1echidna

The exception (price increase) which proves the rule? Who knows whether there are special factors that are at work for this particular block of flats and location?

jmt

cardsharps wrote: »

Maybe you're just trying to show off or something. NO Or in outright denial and looking for some reassurance. I'm not in denial, I really thought I was in negative equity. You get some funny sorts on this site I can tell you. The world is full of 'funny sorts" and I would hate it if we were all the same like clones.

My comments in RED

ukcarper

if you look at http://www1.landregistry.gov.uk/assets/library/documents/hpi162009e.pdf

you will see there is quite a variation over the country

carolt

Maybe I missed the bit where you explained this, but as far as I can see, you've only told us the asking price, not the selling price of the more recent one.

Where did you get a verified 'sold' price from, if it has not even sold yet? Do you know the person buying?

If it was just 'the EA said so', I'd take it with a pinch of salt. EA's are v short of business at the moment, so pretending that prices are shooting up may seem to be one way to get more.

I say this because before the days when all the wonderful 'sold prices' websites existed, I remember being told some right porkies by various EA's about how much things had gone for - in 1 case, I knew they were lying because I knew the people who bought it. As soon as the 'sold prices' sites went live, I found out loads of other fibs they'd told too.

Come back in 3 months and tell it as fact.

Until then, I find the likelihood of anywhere in the UK having gone up 20% since peak rather....unlikely, shall we say?

jmt

carolt wrote: »

Maybe I missed the bit where you explained this, but as far as I can see, you've only told us the asking price, not the selling price of the more recent one.

Where did you get a verified 'sold' price from, if it has not even sold yet? Do you know the person buying?

If it was just 'the EA said so', I'd take it with a pinch of salt. EA's are v short of business at the moment, so pretending that prices are shooting up may seem to be one way to get more.

I say this because before the days when all the wonderful 'sold prices' websites existed, I remember being told some right porkies by various EA's about how much things had gone for - in 1 case, I knew they were lying because I knew the people who bought it. As soon as the 'sold prices' sites went live, I found out loads of other fibs they'd told too.

Come back in 3 months and tell it as fact.

Until then, I find the likelihood of anywhere in the UK having gone up 20% since peak rather....unlikely, shall we say?

I will come back as soon as the sites show the Land Registry figures. I must admit that I have not taken much notice of what has been for sale as I presumed I was in negative equity or about even.

I did think when I bought that I had got a bargain as the flats that sold a month or so before me and after I bought for £77K sold for between £93,000 and £94,000 - but I presumed at the time that they must have nicer kitchens and bathrooms. What surprised me at the time was the vendor was actually a local EA that was using another local EA so that he kept his sale private from his employees.

carolt

So I am right then - this is just hearsay,based on the evidence of someone who talks up house prices for a living.

Hmm....not sure this needed its own thread.

I'd slink away discreetly for 3 months....

MrDT

Really2 wrote: »

Although your story fits nicely in the boards view of estate agents
I find it very hard to believe as EA's don't make money on pretending to sell houses.
they then loose money on re-marketing them.
Many are only just surviving, this is the second anecdotal of one of these I have seen but no one supply any evidence

But you could prove me wrong and post the local papers website so we can get the story:)

I'm convinced a local EA uses the exact same tactic Graham described. It's not normal for a house to stay sstc for over 9 months is it? The physical board outside is still a 'for sale' one, the EA website claims sstc, and has done since August 08.

Won't post a link on an open board due to libel laws etc (see the abuse banner up top ^^) as there is a small possibility that they're not lying toerags. PM if you're that interested.

bo_drinker

jmt wrote: »

I can see your point, but would you be happy to give out your postcode?

No problem HR1 1EF. ?? So where is it ??

silvercar

1echidna wrote: »

The exception (price increase) which proves the rule? Who knows whether there are special factors that are at work for this particular block of flats and location?

So any evidence that a house has sold for more than previously is an exception, anything that has sold for less is the rule!

You can't lose.

bluey890

silvercar wrote: »

You can't lose.

They said that about Spain .