Homes Under the Hammer, 03/03/08

PasturesNew

fishhawks wrote: »

he would be better rent it out for a few years and try to sell it again in a few years

Maybe he tried and nobody wanted it. Even if he did then he'd be topping up the mortgage every month.

And in a few years' time it will be worth even less.

He'd have to rent it out for about 12-15 years to get his money back after a sale. Every penny he is spending on that property could have compounded up over the next 10 years it will take the market to drop and rise up to this point again.

£101k was the most expensive house ever bought on that street.
Didn't do his homework.

Phirefly

I love homes under the hammer. I love the jaunty presenters. I love the f eckless divs that feature. But best of all I love the way the incidental music is always subtley representative of whatever the narrative is thats taking place. Faves include:
'This Old house'
'Green Door'
'Our House'
'Money Money Money'

etc etc

Genius.

Poppycat

I recorded this program every day to watch later so haven't watched todays yet.

I do get the feeling some people think or its easy I get the house at knock down price paint it etc spend a couple of K and then make 20% profit, if only life was that easy. I think some people don't research properly.

These type of programs are edited and some times it leaves you with the impression its so easy to make money out of property. Its not always the case I bet, mind you I buy a house because I like it and want to live there not to make a fast buck.

I dont begrudge some doing it but I bet it isnt as easy as the programs show

Doozergirl

(wanders off and prays the program is available on iplayer)

EDIT: :j http://www.bbc.co.uk/iplayer/page/item/b00936hy.shtml?q=homes+hammer&start=1&scope=iplayersearch&version_pid=b00936h7

Does that work?!

Phirefly

Poppycat wrote: »

I dont begrudge some doing it but I bet it isnt as easy as the programs show

I agree with you but of all the programmes of this ilk, I find homes under the hammer is the most real in as much as its evident theres not acres of research and wrangling going on behind the scenes, it shows it like it is. Theres a naff honesty to it. Beautiful.

teabelly

The days of flipping are long gone. You can only get more money if you actually add value eg sort out poor layout, install central heating/double glazing/ add space etc.

They are featuring a house in Stoke tomorrow so I am wondering what godforsaken hell hole someone out of town has bought because it was cheap

Gorgeous_George

Jorgan wrote: »

Well with quality details like that, its bound to walk out the door. Nice bit in the blurb about it being an 'ideal investment', they may want to re-write that bit after todays programme.

How about...

'As seen on TV'

GG

Jorgan_2

Gorgeous_George wrote: »

How about...

'As seen on TV'

GG

Could work, as long as the buyers haven't seen the relevant programme.

merlinthehappypig

Gorgeous_George wrote: »

How about...

'As seen on TV'

GG

First line on this one.

http://www.rightmove.co.uk/viewdetails-15734491.rsp?pa_n=2&tr_t=buy

The vendor thinks the publicity of being on TV last year has made it worth more. The agent says it just highlights the fact that it has been on a year and not sold. The seller turned down our offer and we walked away. Sadly for them it actually 'won' on the programme (Escape to the Country apparently) but the people on the programme didn't buy it in the end.

She 'accepted' the offer a month after she originally turned it down, by which time we had seen others better for the money.

ixwood

lol. I wonder is the dunce will turn up here?

I thought homes under the hammer only featured positive results, cos that's the only way the auction lets them attend? i.e yeah, the dunce buyer didn't even look at it, or know it had no central heating, or door frames, or was riddled with dry rot, but still comes out of it with a hefty profit 3 months later (less never mentioned fees and lost opportunity income)?