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The speculation game

SilasMarner · 2023-03-25 11:10:35

Appreciate the answer to this is "who the heck knows" - but humour me and play speculation. The house behind us has a major impact on us. Bad, noisy neighbours, as ever, would ruin things for us.. It went on the market last May (2022) and went "sold to" almost immediately. The owner slowly moved his stuff out. The house…

Comments

Bonniepurple Posts: 684 Forumite

26 March 2023 at 10:51PM

ProDave said:

If you want to ponder "what happened here" there is a house not that far from me that sold 3 times last year.

It sold through an estate agent, in May 2022 for £435K
Almost immediately it went to auction and sold for £250K in June 2022
And then went pretty much straight back to auction where it sold for £310K in October 2022

I wonder what made the May 22 purchaser sell it so quick at such a loss?

The two possibilities that spring to mind are relationship breakdown or some kind of tax dodge. Other possibilities are that it was unsuitable for what the buyer wanted (development/granny annexe/HMO etc etc) or bankruptcy.

Whatever the reason, it does smack of desperation or something dodgy.

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