Interested in house that was last sold in June 2022

matthew91822

Hey all

I am due to view a house this afternoon - RM listing ticks every box and its likely I was going to put an offer in.

I did a bit of digging and found out it was actually last sold in June this year so 4 months ago... for £20k under the current reduced asking price. It was listed back in August at 40k over the asking price. This is very suspect, right?

I'm now aware it might be harder to get a mortgage when a resale is that quick.

What do you think it could be?

Will post updates post viewing, I'm going to see how the EA spins it...

grandadgolfer

Someone has bought it....tarted it up and wants a quick flip

t1redmonkey

Check the previous archived listing on Zoopla as well if possible, you can see what's actually been changed then.

matthew91822

grandadgolfer said:

Someone has bought it....tarted it up and wants a quick flip

That is what i thought but after a dig around I found the listing/images from the June 2022 sale and compared them to the recent listing and it looks like there is no change at all. 

steve866

Ask the agent for the reason for sale and post their answer on here. It could be a genuine change of heart (relationship breakdown, death etc)

Skiddaw1

New job requiring relocation perhaps?

matthew91822

UPDATE

Viewed the house and spoke to the EA. Probate sale but they didn't know the details of the resale. 

I did a bit of my own research, paid the £3 for the title register and found that it is was bought in June by a company - House Buyer Bureau, who buy houses for cash, I assume as part of the probate. 

I like the house and will be putting an offer in tomorrow, a low offer as asking price is very high, lets see how that goes.

Skiddaw1

Glad you've solved the mystery! Good luck....

aoleks

I’m more curious about how you found out it was last sold 4 months ago. Updating the land registry takes at least 9 months, if you’re lucky…

matthew91822

aoleks said:

I’m more curious about how you found out it was last sold 4 months ago. Updating the land registry takes at least 9 months, if you’re lucky…

Yeah it didn't show up on RM but showed up on The Move Market and later the title register.

aoleks

That’s even more suspicious. The only definitive source for a sale is the land regisrry, no ifs and buts. Every private company selling housing transactional data relies on it. If it’s not on land registry, it can’t be anywhere else.

Scanning for SSTC status on property websites is no indicator of a successful sale or any sale at all, so that can’t be it.