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Excellent advice to home-buyers in The Indepenent
Orpheo
Posts: 1,058 Forumite
Ignore agents' deliberate vagueness over "with offers in the region of", "guide price" or "offers in excess of". Instead work out what price the property would have reached at the peak of the market in 2007, then subtract 35 per cent.
http://www.independent.co.uk/life-style/house-and-home/property/trust-me-im-an-estate-agent-how-underhand-technology-is-being-used-to-sell-homes-2155836.html
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Quote:
Ignore agents' deliberate vagueness over "with offers in the region of", "guide price" or "offers in excess of". Instead work out what price the property would have reached at the peak of the market in 2007, then subtract 35 per cent.
http://www.independent.co.uk/life-st...s-2155836.html
Not sure where you get this quote from? A little artistic license of your own???0 -
Rainmaker_uk wrote: »Quote:
Ignore agents' deliberate vagueness over "with offers in the region of", "guide price" or "offers in excess of". Instead work out what price the property would have reached at the peak of the market in 2007, then subtract 35 per cent.
http://www.independent.co.uk/life-st...s-2155836.html
Not sure where you get this quote from? A little artistic license of your own???
Last bullet point in the article:
* Ignore agents' deliberate vagueness over "with offers in the region of", "guide price" or "offers in excess of". Instead work out what price the property would have reached at the peak of the market in 2007, then subtract 35 per cent....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »Last bullet point in the article:
* Ignore agents' deliberate vagueness over "with offers in the region of", "guide price" or "offers in excess of". Instead work out what price the property would have reached at the peak of the market in 2007, then subtract 35 per cent.
I don't think some can see this due to their filters.
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Wow sorry I was wading through the rather pointless article waiting for some statistics rather than heresay. I missed the throw away comment that will serve to enlighten all home buyers.
Thank goodness for such a well considered and reasearched article - otherwise I could have found myself taking another random number and and subtracting a random percentage.
Whew what a close call0 -
Doctor_Gloom wrote: »I'd knock at least 40% off to take account of the falls due in the next couple of months.
:rotfl::rotfl::rotfl::rotfl:
In Ireland maybe....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Doctor_Gloom wrote: »I'd knock at least 40% off to take account of the falls due in the next couple of months.
Good luck with that strategy. If you're after a new build flat in Leeds from a distressed seller you might have some joy, otherwise I can't really see any success.0 -
I'm sure sellers will be rushing to accept 35% offOfficial MR B fan club,dont go............................0
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Graham_Devon wrote: »I don't think some can see this due to their filters.
Was looking for some expert advice not the journalists opinion.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I'm sure sellers will be rushing to accept 35% off
Quick fag packet calc from local house for sale.
Property for sale at £350,000
Then reduced to £299,950
History shows us that there is a 10% markup.
Hence if they were happy to sell from £270,000 that would be a 22% drop from initial price.0 -
Detached house in my road £285k in 2007 knock of your 35% gives you £185k. Semi same road sold for £276k may this year.0
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