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Buyer pulled out? No buyers? Sale guar
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Han_naH
Posts: 268 Forumite
Saw this chainbreaker thing on charleslister.co.uk:
http://www.charleslister.co.uk/_page.php?page=chainbreaking
Not sure if it is any good, but if you wait too long and market falls, well, your loss could be much greater than their "lower" offer.
http://www.charleslister.co.uk/_page.php?page=chainbreaking
Not sure if it is any good, but if you wait too long and market falls, well, your loss could be much greater than their "lower" offer.
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Comments
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Theres always auctions !
As a frequent visitor (my brothers a property magnate). There has been a marked change in the market during the last 2 auctions !
The average bid for the whole aucton used to be 25-30% above suggested upper range. Well the last auction the average came out at 14%, excluding the two highest bid properties (beyond their upper range), the average was just 4% !
Additionally many properties failed to meet their reserve, and went un-sold. roughly the unsolds reflect approx 25% discount to the market price at the bottom of the range price. i.e. a 60k house (estate agent), in auction would have a range price of say 40k to 50k and say a reserve of 45k (25%), So if they fail to get to the reserve ! thats a very weak market !
So definetly there has been a big change in the market over the past 2 months, when prices used to go for more than the upper range i.e. using the example a 60k (estate agent house) would go for between 55k and 75k !!0 -
Deemy very intresting thanks for the information nugget
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