Housing market in my area is still crazy its London area that is in demand but little supply, I have a good idea of what mine will sell for and I certaintly wouldn't pay it but people will. In recent years my area has become favoured by well-to-do families were two generations tend to live together (nan, gran, son his wife and there kids), so they have bigger spending power. I'm moving further out get a bigger place and realise the gains I made. I'm having an open day for mine and expect to get an ok offer from that.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
'Deluded' sellers stall the property market
Collapse
X
-
-
Originally posted by TykeMerc View PostI started looking at what's available on Rightmove in early December as I'm considering a move and renting out my current place.
What I've seen seems a bit overpriced compared to what I'm willing to pay, so at the moment I'm voluntarily priced out rather than economically.Will work inside IR35. Or for food.Comment
-
Originally posted by Platypus View PostEstate agents will secure a client by over-valuing a house "I can get you £50k more than the other agent, I have high value cash buyers on book" blah blah.
Then the house doesn't sell, so over a period of months or years the price is reduced until it does sell. Once the client is on-board with an unrealistically high price, that's when they become delusion, convinced their house is worth more than it is, because some unqualified spiv told them so.
Had a number of viewings but nothing panned out. It happens, will try again this year.
qhHe had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.
I look forward to your all knowing and likely sarcastic and unhelpful reply.
Comment
-
thing is if you agree a price with an estate agent that is what they take their %age of fees from
if you then sell for lower you still pay the estate agent what they should have got had you sold at the evaluation price
I should say that is what I have found in the past may not be true now
but even 7 years ago when I last went through this fun n games people had house on the market for x and had had them on the market for 1 or 2 years, refused to lower the price even though it was quite evident that it was not worth x.....
so not really new thisComment
-
I viewed a house 3 years ago. I liked it, but it was over valued by at least £30k, in my opinon. Despite the fact they'd dropped £25k already from the 'official' valuation. It didn't sell.
It's come back on the market and the owners have knocked the double garage into an extra room and added an extension on the back for a dining room.
The work is actually very nice, but probably cost c£20k tops. They've now upped the price by £60k from before. I pointed out to the EA that it's too much, and when they argued that it "now has two more rooms", which it does, I countered with "But it hasn't got a garage anymore". "Oh yeah. Fair point", she said.
I might put a cheeky bid in. They're never going to sell.Comment
-
Originally posted by JRCT View PostI might put a cheeky bid in. They're never going to sell.
But I'd be amazed if they sell it at a "knockdown" price.
People still don't get that "worth" means what people are willing to pay, not what it cost them, or what they perceive the value to be. There's a Facebook local group round these 'ere parts which people use for selling second hand stuff, and the number of times I've seen sellers rejecting lower offers because "no, it's worth X"
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment