Estate agent - £25k reduction after a month

GDB2222

AdrianC wrote: »

So... no, you didn't look at the paper details.

Ah, I was a bit slow on the uptake, but I've got it at last. You were just illustrating my point about the lack of tact!

Davesnave

Some people may not remember the times when written details took some days, or even over a week to produce, as they had to be approved by the vendor.

Back in '87 when the EA was doing his level best to screw up a private deal we'd done, we were suddenly bombarded with these, plus one or two 'under the counter' properties where the vendors were not selling openly for reasons best known to themselves.

It was all somewhat random, bit like the lucky bags we'd buy as kids, but we remained unimpressed, so none proved lucky for him!

Crashy_Time

tom9980 wrote: »

It is good to point out inflation rises and that houses are right now not rising in real terms but falling however one major flaw you ignored, when you own the property you don't pay rent.

Assuming you buy a 100k house outright that normally rents for £500 a month that's £6k rent saved.

Stick 100k in the bank and that's £1.5k but you now need to pay £6k rent a year.

But 100k is capital and rent is a cost that can be paid from income, plus you will now be liable for repairs on the house, and you have parked liquid assets in a very illiquid asset and lost the ability to invest those assets elsewhere for a better than 6k profit possibly, and if interest is put towards rent your monthly cost for rent is 375 per month which isn`t bad for getting all repairs done by the landlord and the ability to move quickly if you have to..?
Another problem could be that due to the massive property bubble the house is really only worth 50-60k down the line meaning a tasty loss when you come to sell. Most people don`t have 100k, they buy property with debt therefore the opportunity loss on the capital doesn`t apply to them, maybe if more people were cash rich the property bubble would have stalled some time ago?

justjohn

fronty wrote: »

Still no RM link?

All that's going to happen with an RM link is . it will get bashed about the price.Then bashed with the photo's. And someone will moan there is a bouncy ball in the left hand corner of the bedroom.


So what's the point.

Davesnave

justjohn wrote: »

All that's going to happen with an RM link is . it will get bashed about the price.Then bashed with the photo's. And someone will moan there is a bouncy ball in the left hand corner of the bedroom.

So what's the point.

The point may be that the seller does need a bash regarding the price, relative to comparables, and maybe another for accepting weak photos and presentation too. It's usually those things in that order, unless there's a wild card, like 'next to a pub.'

But if contributors are too combative, as some are, the OP becomes defensive and withdraws. Perfectly understandable. Not many of us enjoy an ear-bashing.

Kalashnikov

We could use this as a case study.

Epping Close, Mawneys, Romford, Havering, RM7: http://www.rightmove.co.uk/s6p/65711658

Was 350 now 325

Look a bit drab.

AnotherJoe

ClaireB182 wrote: »

As for it not being a 'good time' to sell, well we dont have a choice. We have to sell as our mortgage is coming to an end. I cant control Brexit, the GE etc sadly.
.

Bear in mind this is a double edged sword, it's not all downside.
Yes, your house is not worth as much as you hoped. However the same likely applies to the houses you are looking to buy, if prices are falling and that's why your house is worth less than you hoped, then that includes ones you are looking at. There will be sellers who are having to accept lower prices also.

justjohn

Davesnave wrote: »

The point may be that the seller does need a bash regarding the price, relative to comparables, and maybe another for accepting weak photos and presentation too. It's usually those things in that order, unless there's a wild card, like 'next to a pub.'

But if contributors are too combative, as some are, the OP becomes defensive and withdraws. Perfectly understandable. Not many of us enjoy an ear-bashing.

They always get bashed.

justjohn

Kalashnikov wrote: »

Look a bit drab.

Lol....


Really hate photo's of irrelevant items. like railways/bus/road signs. Seems to be the new in thing.

AdrianC

justjohn wrote: »

They always get bashed.

No, they don't.

But links that get posted here for critiqueing are usually posted precisely because the property's getting little-to-no interest. Remember, the owner/vendor's far too close to view the listing as a dispassionate putative buyer will view it. If something about the listing is making people go "Nah, not viewing that.", it's in the vendor's interest to know what.

They want a hug? Wrong place.