Estate agent - £25k reduction after a month

comeandgo

Life can give you a right kick in the teeth but you can get insurance's for Ill health and not being able to work. While this will not help Claire it is something I truly believe all should have if you have mortgages.

AdrianC

comeandgo wrote: »

Life can give you a right kick in the teeth but you can get insurance's for Ill health and not being able to work. While this will not help Claire it is something I truly believe all should have if you have mortgages.

Now, just remind me what it's usually called...

Ah, yes - "Payment protection insurance", or PPI for short...

That's not to say that it was always a bad thing, but the small print needed to be scrutinised VERY carefully.

Can you still even get it now?

Crashy_Time

newsgroup_monkey wrote: »

Ah here we go, baseless comments again with absolutely no backup.
Where are all these £25k reductions? Because I'm not seeing them and neither is Zoopla.

https://www.rightmove.co.uk/property-for-sale/property-83735942.html

One of many 25k and 50k reductions I found within minutes, anyone using PropertyLog could post up 25,50,75 and even 100k reductions all day long in this broken market, not sure why you are not seeing them?

maladict

AdrianC wrote: »

Now, just remind me what it's usually called...

Ah, yes - "Payment protection insurance", or PPI for short...

That's not to say that it was always a bad thing, but the small print needed to be scrutinised VERY carefully.

Can you still even get it now?

Critical illness cover, not PPI.

Crashy_Time

https://www.housepricecrash.co.uk/forum/index.php?/topic/235442-are-eas-playing-the-rightmove-system/

pimento

South Essex, four bed detached, the agent said £525k and I knew that it was too much.
First week we had ten viewers and no offers. I asked the agent to reduce the price to £500k. We had another dozen or so viewers and one offer of £482k.

We accepted and completed last week.

I suppose if you're realistic about your achievable price then your house will sell.

https://www.rightmove.co.uk/property-for-sale/property-81818399.html

billy2shots

Crashy_Time wrote: »

https://www.rightmove.co.uk/property-for-sale/property-83735942.html

One of many 25k and 50k reductions I found within minutes, anyone using PropertyLog could post up 25,50,75 and even 100k reductions all day long in this broken market, not sure why you are not seeing them?

Meanwhile back in reality.

September House price inflation statistics have just been released this morning-

-UK average house prices increased by 1.3% over the year to September 2019, unchanged from August 2019.


Crashy, another month stuck renting waiting for the mother of all crashes.

johnathan45

billy2shots wrote: »

Meanwhile back in reality.

September House price inflation statistics have just been released this morning-

-UK average house prices increased by 1.3% over the year to September 2019, unchanged from August 2019.


Crashy, another month stuck renting waiting for the mother of all crashes.

From the same report:
https://www.gov.uk/government/publications/uk-house-price-index-summary-september-2019/uk-house-price-index-summary-september-2019

East of England -0.2%
London -0.4%

If Crashy is talking about London ( going by the Tooting listing, he probably is), then he is justified.

billy2shots

johnathan45 wrote: »

From the same report:
https://www.gov.uk/government/publications/uk-house-price-index-summary-september-2019/uk-house-price-index-summary-september-2019

East of England -0.2%
London -0.4%

If Crashy is talking about London ( going by the Tooting listing, he probably is), then he is justified.

I don’t recall the OP stating where in the country their property is maybe I have missed it)
Crashy likes to cherry pick data to fit a flawed argument.
The same as you have by using the SE of England and ignoring the rest.
London is its own microclimate having rocketed up in price in recent times.

Even with those 2 areas it doesn’t take away that the average house price in the Uk increased.
You can wade through old property listings and cherry pick as much as you like, it doesn’t change the fact that Uk house prices have increased in 2019 even with all the doom and gloom.

What happens when Brexit is sorted and sentiment changes? Faster growth?

johnathan45

billy2shots wrote: »

I don’t recall the OP stating where in the country their property is maybe I have missed it)
Crashy likes to cherry pick data to fit a flawed argument.
The same as you have by using the SE of England and ignoring the rest.
London is its own microclimate having rocketed up in price in recent times.

Even with those 2 areas it doesn’t take away that the average house price in the Uk increased.
You can wade through old property listings and cherry pick as much as you like, it doesn’t change the fact that Uk house prices have increased in 2019 even with all the doom and gloom.

What happens when Brexit is sorted and sentiment changes? Faster growth?

If the House Price Inflation is 1.0% and CPI is 1.5% ( data released today) then money invested in a property is a loss in real terms. Don't forget that you can get 1.45% in Marcus et al.