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House changing hands alot - shoud I be concerned?

2

Comments

  • robwend
    robwend Posts: 2,919 Forumite
    houses sell for lots of reasons , divorce downgrading, upgrading, moving in with partner, illness. ect ect. i think your worrying a little bit tooo much. you sound a bit like me. if your havnt got something to worry about you find something lol
    You're not drunk if you can lie on the floor without holding on
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Must be haunted :eek:
    poppy10
  • nelly_2
    nelly_2 Posts: 17,863 Forumite
    10,000 Posts Combo Breaker
    poppy10 wrote: »
    Must be haunted :eek:
    lets get scooby doo in for the night

    I bet it ends up the maintenance man :)
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Maybe the debt was too much for all of them.
    Now they want to sell it on to somebody to create a bigger debt problem for somebody else.
    Offer £245 and come up to £250.
    See if they bite your hand off and if you really want it still.
  • TTMCMschine
    TTMCMschine Posts: 684 Forumite
    You want to spend a 1/3rd of a million on an end of terrace?

    You chose your name wisely.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    nelly wrote: »
    270 odd grand for a terraced????

    I should say I'd be concerned

    In WC1 you can pay £7 million for an end of terrace, which the EA says "Requires total refurbishment":

    http://www.rightmove.co.uk/viewdetails-19833824.rsp?pa_n=1&tr_t=buy
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • RabbitMad
    RabbitMad Posts: 2,069 Forumite
    I think the general feeling is that you are right to be a bit cautious but there is likely to be an innocent explaination.

    Visit the area on several occassions "after dark" to see if you have gangs of hoodies taking drugs on the door step. The other option to check out is the neighbour from hell angle.

    Are lots of houses in the area changing hands very frequently?
  • BenL
    BenL Posts: 3,189 Forumite
    Isn't this (sort of) how one of the schemes on a Tonight program worked

    Jan 2004 £195,500 - company buys the house

    Aug 2004 £272,500 - company sells the house to its subsidury for a massively inflated price so it is now worth this

    Nov 2005 £249,975 - new buyer buys it after £12K discount they are happy but the comapny is even happier as they have made over £50K

    Now for sale and people see the price on nethouseprices etc and think that it is now "worth" this amount so pay it.
    I beep for Robins - Beep Beep
    & Choo Choo for trains!!
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    A rightmove link would be helpful.
  • dubsey
    dubsey Posts: 357 Forumite
    Have you been to view the property and asked them why they want to move?

    I know that obviously not veryone will be honest but you might be able to guage reaction form them. People move for a variety of reasons and it does look like the first/second sale on there are developers of some kind.

    Have you visited the area the house is in at different times of the day/night. It could be that come 11pm the house next door plays Dolly Parton at full blast or something!
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