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Design a better house buying/selling system.
Comments
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Aim: Simplify house buying/selling
Procedure: 1) Take a brief case full of money and give it to the vendor.
2) The vendor then gives the buyer a couple of bits of paper and keys.
3) Vendor leaves with briefcase.
Process length: 1/2 Hour.
Nice idea but not really going to happen:)Loving the dtd thread. x0 -
the current system is not perfect and causes a lot of stress and there are many steps in the process which encourage obfuscation.
A better way would be to have a legally binding contract with the aid of a 5-10% deposit. you agree to buy a property and pay your deposit.
Where do non-1st time buyers find the cash for this deposit?0 -
... But bear in mind that this would only reveal applications which have ALREADY been submitted or decided ...Debt_Free_Chick wrote: »ALL planning applications are in the public domain.
True - not all are online. But for those authorities that don't give online access, you need only visit the Town Hall, Council Office or "Community Access" access.
You then need only ask to see all the Planning Applications and Decisions for a specific postcode - that relating to the proposed property purchase - and this will cover (approx) five or more neighbouring properties. Widen the postcode if you want to look further.
... It would not provide information on "possible or potential" future plans such as perhaps the Power station, New road systems, Compulsory purchase and/or regeneration, etc ... any or all of which would require further investigation or "chats" with the relevant Departments or Authorities.Democracy is two wolves and a lamb voting on what to have for lunch.
Liberty is a well-armed lamb contesting the vote.
- Benjamin Franklin0 -
Gold_Shogun wrote: »... But bear in mind that this would only reveal applications which have ALREADY been submitted or decided ...
Already submitted, yes - whether or not decided.... It would not provide information on "possible or potential" future plans.
Ah - in which case, one needs a crystal ball, to predict any that might be submitted in the future
such as perhaps the Power station, New road systems, Compulsory purchase and/or regeneration, etc ... any or all of which would require further investigation or "chats" with the relevant Departments or Authorities
If the application has been submitted, then it will be revealed via a search by the solicitor or by inspection of the "public register" of applications - online, or otherwise. All applications - no matter what stage the consultation and/or investigations - are a matter of public record.Warning ..... I'm a peri-menopausal axe-wielding maniac0 -
Obviously you missed my point & didn't realise the difference between "Future Plans" and "Existing Applications", so the sarcasm wasn't really warranted.Debt_Free_Chick wrote: »Ah - in which case, one needs a crystal ball, to predict any that might be submitted in the future
As in my examples .... An Authority or Official Body might for instance have firm Long-Term plans to build a "Super Casino" or a "Power Station" or perhaps to "Regenerate" a specific area .... To that end they might well start "Zoning" or Compulsory Purchasing various lands and/or houses LONG BEFORE ANY "Formal Planning Application" is submitted (OR even prepared).
Therefore these Plans would NOT necessarily show in the Planning Applications OR Portals as you were suggesting ... Even though said plans Might or Might-Not be common knowledge OR might/might-not appear in the "Local Plans" (which are so incomplete/unapproved by many Authorities) .....
Your delicate "Crystal Balls" are therefore NOT required ... MERELY a strong determination to "Look Beyond" the Planning Application Listings & Portals by carrying out somewhat more detailed research than you were proposing
... And THAT was the point I was trying to put across.
Cheers
Bobbejaan Democracy is two wolves and a lamb voting on what to have for lunch.
Liberty is a well-armed lamb contesting the vote.
- Benjamin Franklin0 -
Why do you have "chains" in England, we don't have them up here in Scotland?0
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Rightmove. We did all our searching online, then contacted the agent. Rightmove has the potential to relegate agents to a very minor role (and destroy a lot of local newspaper advertising). They should consider taking property adverts direct from the seller.Debt_Free_Chick wrote: »How would potential buyers find properties for sale?Been away for a while.0 -
Running_Horse wrote: »
1. Scotland seems to be offers over, with England offers under. So first I would bring in fixed prices (take it or leave it), and if a property was overpriced the market would force the price down.
How would the 'market' (is that like a dragon?) force the price down if nobody is allowed to make offers under the 'fixed price'?? It might not sell true, but you have people now whose houses arent selling who still say 'its the right price'....
Interesting discussion thread though :beer:
If there are no chains in Scotland how does that work?? YOu basically have to move twice and arrange some kind of interim expensive rented accomodation or something?? Not sure Id like that anymore than the current system TBH.
Do we really WANT to make it easier and quicker to sell/buy? It seems to me that years ago when it took a long old time and was difficult and mystical to buy a house, less people did it. If we make it easy and quick, every kid out of secondary school will be wanting a house. More numpty BTL landlords will appear overnight 'because its so easy to buy' etc etc etc I agree making it more 'reliable' is the way to go :T0 -
If the house is overpriced nobody will bid, and it will be up to vendor to reduce price or not sell.How would the 'market' (is that like a dragon?) force the price down if nobody is allowed to make offers under the 'fixed price'?? It might not sell true, but you have people now whose houses arent selling who still say 'its the right price'....
Or how about being really radical? Every house has to drop £1,000 per week, with buyers playing chicken to see who bids first?Been away for a while.0 -
How about ALL property being sold by auction?
28 Days to complete and all without EA's and chains, false promises, etc.
If all auctions are held on the same day you could buy and sell in one go.
28 days is enough time to do searches, arrange surveyors and damp specialists, arrange Mortgages etc.
Even easier if a decent HIP scheme was in place.
Needs a bit of tuning, perhaps, but surely it would work for most of us?"Unhappiness is not knowing what we want, and killing ourselves to get it."Post Count: 4,111 Thanked 3,111 Times in 1,111 Posts (Actual figures as they once were))Women and cats will do as they please, and men and dogs should relax and get used to the idea.0
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