property bee....

smugbear2007

has anyone downloaded it yet?

thoughts please?

its a good tool to keep track of asking prices in any area that you want to search and it remembers the results from RM, good to plot trends in any area and see if houses are coming down, leveling off or going up, without having to remember them.
i dont know about you lot but i have recently spent ours trawling through RM listings trying to get a hint of what is happening in the market.
this just provides one angle of ASKING prices.

may go towards helping a lot of potential buyers/sellers decide what to do based on current trends.

and before i get whined at I'm not promoting a crash...i think this is a good research tool no matter what your thoughts are on the property market and where it will go.

you need FFOX 2 for the adon to work on RM website

[SIZE=-1]www.property-tools.co.uk/[/SIZE]

IveSeenTheLight

I've not downloaded but I might try it out.
I've been running a spreadsheet for the market area I have an interest in which helps track the asking price, selling price, advert descriptions pictures.

I do this for sales as well as rentals weekly, but it takes time to do so.
The time is worth the effort as I have on many occasions been able to judge the market very well.

If this makes it a little quicker then I will love it

thanks in case it is a good tool

PasturesNew

It annoys me that people might say others are promoting (and causing a crash). We've had 10 years of up, up, up from people, the opposite view should be tolerated too. We are observing one, not causing it.

I downloaded property bee the night it was relaunched. So about 2am 23/01/08.

I've spent hours trawling through. It's slow to see results because first you have to to through every property. Then you have to keep going through them all to see a difference.

Having mainly focussed on small subsets, last night I decided to do every property in my town. Took me HOURS to go through all 4000 of them!!!

I am also keeping a nosey eye on 3 other towns.

Although I think it is academic because the plug in might one day stop working if RM change something. Once new houses are added at the lower rates there will be less reductions anyway. If a seller changes agent and drops the price during that move it won't show up; the old advert will cease to show and the new one will have no reduction.

So, it's interesting, but not a precise science.

I think in 3 months' time when you go through you'll be looking at a lot of reductions, but for now it's just 1-2 every few days in a big town really. And it is time consuming.

I've been thinking about downloading a mouse/keyboard recording software to automate it for me

nutmegman

seems good so far, but i have a spreadsheet as a back up

Pumpkin_Pie_5

I'm addicted! I get very excited when I notice a change!:T

SquatNow

There is no need to "cause" a crash. It will happen, regular-as-clockwork.

Happens every 18 years. It's due now. The big speculators have sold up to the developers. The developers have used cheap EE labour to build crappy "executive" flats. Those flats have been dumped on the market.

Now there is an oversupply of property, with an economy crippled by high house prices.

Tiiiiiiiiiiiiiiiiimmmmbeeeeeeeeeeeeeerrrrrrrrr!

PasturesNew

10 days on and I am using property-bee.

Looking at, er, about 10-15 areas (sort of addicted. Where I live, everywhere I've ever lived. Places people I half know live. And so on).

Anyway ... it's like watching paint dry, because you start from 0 reductions and then each time you revisit the property details any changes are updated on your PC.... so it's a few per week.

Obviously there are limitations. e.g.
1] If a property is on at £200k, then drops to £180k, then £160k you will see it. If it comes off the market and is placed with a new agent at £150k there will be no link to the previous price. You will only spot it if you were actively watching that one property.

2] If a house has dropped from £200k to £160k, then the next door neighbour goes straight on at £154k then you might not spot the lower price of the similar house because property-bee tracks individual properties falling. So it is up to you to recognise, from watching an area, that the new entrant starts off cheaper.

But it's an interesting past-time

Zammo

I've been using this a few weeks, nothing but reductions. Until yesterday that is. I've noticed that vendors, particularly developers selling flats, have actually started putting prices up! They are obviously under the impression that yesterdays rate cut is actually going to reverse the momentum of the downward slide.

Idiots.

PasturesNew

16 days of using property bee and now I notice in my town that if I do a search for all properties, all prices, there is at least ONE price reduction on every page of 10 results. So that is a drop (most popular is 5%) on 10% of all houses in just the last 16 days.

Now somebody try to say there's nothing happening....

m00m00

I'm finding the same thing

new reductions every day in the properties I'm looking at

a couple of 'status change from STC to available'

and 2 price increases, both on the day after the initial listing.

mr.broderick

Was just reading this thread and i thought to myself "Mr.B if you ever find yourself spending your days using software to monitor house prices just call it a day"