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Ridiculous listing prices
hippocrates1
Posts: 354 Forumite
Is it just Nottingham or are houses being listed over the odds everywhere at the moment? I know there are fewer listings at the moment so it’s a sellers market but they’re being listed for more than in the stamp duty holiday.
DIP 09/02/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/21
0
Comments
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People can advertise their house for whatever they like. Doesn't mean they will achieve that price.
Some will though and that is how a rising market works.
If you don't like the price, walk on by and find something else.6 -
I tend to agree - a lots of hard work and money paid to agents, solicitors, banks, brokers and surveyors only for a high percentage to fall through because of over egging. Or indeed buyers thinking they can afford it.0
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Exactly no point if nobody can get a mortgage for that amountlookstraightahead said:I tend to agree - a lots of hard work and money paid to agents, solicitors, banks, brokers and surveyors only for a high percentage to fall through because of over egging. Or indeed buyers thinking they can afford it.DIP 09/02/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/210 -
Some will though. Again that is how a rising market works.hippocrates1 said:
Exactly no point if nobody can get a mortgage for that amountlookstraightahead said:I tend to agree - a lots of hard work and money paid to agents, solicitors, banks, brokers and surveyors only for a high percentage to fall through because of over egging. Or indeed buyers thinking they can afford it.
The number of sales falling through doesn't seem to be all that high certainly where we are and we are in Nottinghamshire as well. Which would seem to suggest that the lenders are willing to lend on these properties you think are overvalued 🤔0 -
I think we all wonder about this, but how prevalent it is really? On this forum you see people complaining about 'undervaluation', but how often does someone sign up a new MSE account to announce "valuation met".lookstraightahead said:I tend to agree - a lots of hard work and money paid to agents, solicitors, banks, brokers and surveyors only for a high percentage to fall through because of over egging. Or indeed buyers thinking they can afford it.3 -
What percentage?lookstraightahead said:I tend to agree - a lots of hard work and money paid to agents, solicitors, banks, brokers and surveyors only for a high percentage to fall through because of over egging. Or indeed buyers thinking they can afford it.0 -
Had half a dozen or so listed on my estate recently (north Essex) at much higher prices than the tail end of last year. And most of them have gone sstc!0
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A third of all houses are bought outright with cash so no mortgage needed...hippocrates1 said:
Exactly no point if nobody can get a mortgage for that amountlookstraightahead said:only for a high percentage to fall through because of over egging. Or indeed buyers thinking they can afford it.
Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
"I tend to agree - a lots of hard work and money paid to agents"
Most agents don't get paid without a sale.2 -
Can you provide evidence with valid links to prove the price rises or the statemement that a high percentage are falling through.
That is not the market I am aware of, estate agents , mortgage brokers selling more than they have ever sold. whether due to the stamp duty holiday or not the market is booming in the southwest with demand outstripping supply. The economy is set to bounce back and those that can have been saving hard for deposits.0
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