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Old Oct 30, 2010 | 09:33 PM
  #2131  
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Originally Posted by tony de wonderful
It will be harder to sell with a chain right?
Sorry mate im not getting what you mean?
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Old Oct 30, 2010 | 09:40 PM
  #2132  
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Originally Posted by 97TURBO
Sorry mate im not getting what you mean?
Any sale is more attractive if there are as few people involved as possible.

If you are selling, your ability to move out in a timescale to suit your buyer makes you flexible and improves your chance of a sale.

Similarly, when you are buying, if you don't have a house to sell and can accommodate your sellers timescale, you are a good buyer and more likely to have an offer accepted.

Last year we sold our house for the price we wanted and then moved into a rented house. We then bought as a cash buyer and got a great deal!

Steve
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Old Oct 30, 2010 | 10:03 PM
  #2133  
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Originally Posted by pslewis
I would stick it on now, to catch the buyers who want to be in by Xmas ...... waiting until January may be disastrous.

Just make sure that it undercuts the others in your price bracket ...

Stop being so bloody irresponsible!

You don't know the specifics of 97 Turbos situation and you are handing out advice as though you have a crystal ball. STFU you idiot.
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Old Oct 30, 2010 | 10:19 PM
  #2134  
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troll or meddler , is more accurate
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Old Oct 30, 2010 | 10:47 PM
  #2135  
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Take advice from all quarters and make your own mind up ..... the above two posts have less than nothing to offer you!
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Old Oct 30, 2010 | 11:20 PM
  #2136  
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Originally Posted by pslewis
Take advice from all quarters and make your own mind up ..... the above two posts have less than nothing to offer you!

I wouldn't dream of offering him advice without knowing the specifics of his personal circumstances. Even then I would qualify it as being my opinion only and therefore could be wrong.

You, as the stupid old troll you are, have decided without knowing anything about him to tell him, as though it's black and white, to put his house on the market right now and undercut all the other houses in the area. You don't even know whether he is trading up, down or sideways.

If you want to come on here all the time talking nonsense then that's fine, but don't hand out irresponsible advice to 'youngsters' as though you are some sort of expert in this field. You are not, we've decided that before.
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Old Oct 31, 2010 | 09:55 AM
  #2137  
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He wants to sell ..... doesn't matter if you are trading up, sideways or down ... whether you are black, pink or yellow ... whether you have ginger, black or grey hair ... whether you are 20 or 75 years old!!

And, therefore, to sell in todays market you need to undercut the other properties you are competeing against ... it's so painfully simple I'm surprised you struggle with the concept - which is why you cannot offer any worthwhile advice whatsoever I suppose?
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Old Oct 31, 2010 | 10:02 AM
  #2138  
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Originally Posted by tony de wonderful
Why would anyone be in a mad rush to close a deal by Xmas?
that comment says so much about you


anyway buying a house is as much an emotional purchase as a pure financial one

Last edited by hodgy0_2; Oct 31, 2010 at 10:37 AM.
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Old Oct 31, 2010 | 05:17 PM
  #2139  
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Originally Posted by pslewis
Are the offers procedable?

If not, they mean not a jot.

If so, then I would grab the best one and sit in rented for 24 months
We've accepted an offer at full asking price, the purchaser has cash in the bank.
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Old Oct 31, 2010 | 08:28 PM
  #2140  
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Excellent ..... sales are happening for the right properties, at the right prices.
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Old Oct 31, 2010 | 09:19 PM
  #2141  
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My own situation is we need to move upwards into a 4 bedroom to accomodate child number 3. We cannot afford to undercut anyone as we need as much from the sale as possible, its going to be the bulk of our deposit on the new place. We have quite a broad timescale, as my parents live in a 4 bed they can put us up for a few months if we have a quick sale with nowhere to move into. Im hoping this is going to work in our favour as i think it will make life far easier as we can concentrate on the sale first.
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Old Oct 31, 2010 | 09:47 PM
  #2142  
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This is the beauty of undercutting and actually selling in a buyers market ... it puts you in an amazingly strong position to knock off even MORE on the house you want to buy

Whatever you do, if you are serious, price to sell and offer to buy!! Ignore the asking prices, go in with an offer at 20% Off to kick the ball rolling - be prepared to settle around 10-15% Off (it's what sellers are accepting and expecting - if they are serious too!).

A falling market is a fantastic chance to move on up .... I did it in 1994, just at the bottom of the market .... moved into a house I couldn't have dreamed of just 12 months earlier than when I bought.

Now, I am a cash buyer seeking somewhere on the coast as a weekend escape .... and those prices are falling steadily

Good luck ..... remember, a property stands its very best chance of selling within 3 weeks of it appearing on the market - it then gets stale. Hence my advice to market agressively if you are genuinely serious.

Last edited by pslewis; Oct 31, 2010 at 09:51 PM.
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Old Oct 31, 2010 | 10:06 PM
  #2143  
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I dont want to disrupt my Kids at Xmas, hence my preffered option of waiting until the new year.
There are 4 or 5 houses we have been keeping an eye on that have been on the market for a good few months, if they are still around in the new year i will certainly be seeing if i can tempt them with an offer well short of the asking price.
However, the sale of our own place is obviously our first priority.
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Old Oct 31, 2010 | 10:12 PM
  #2144  
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Yes, you must have a sale before you go offering on anything - or you simply won't be listened too.

It's 7 weeks to Xmas - just enough time to get into a new place for the big day ... and that's a great feeling! AND, most people want to be 'in' their new place for Xmas (so, things can be oiled quite nicely ... not much conveyancing going on so Solicitors can actually get off their rears and complete the legals very quickly).

But, yes, I understand you maybe not wanting to race into a new property when you have kids getting excited about Xmas ..... but, I maintain that it is an excellent time to buy and sell right now. The New Year market is a mystery at the moment.
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Old Oct 31, 2010 | 11:15 PM
  #2145  
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Originally Posted by pslewis
.

Now, I am a cash buyer seeking somewhere on the coast as a weekend escape .... and those prices are falling steadily

.

A cash buyer who has been looking for how many years ???
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Old Oct 31, 2010 | 11:43 PM
  #2146  
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Originally Posted by stevebt
A cash buyer who has been looking for how many years ???
Yes but the estate agents are ringing him on a daily basis because he buys so much property
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Old Oct 31, 2010 | 11:58 PM
  #2147  
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Originally Posted by Dingdongler
Yes but the estate agents are ringing him on a daily basis because he buys so much property

I do believe they ring him daily and it will be to tell him to stop bugging them
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Old Nov 1, 2010 | 09:55 AM
  #2149  
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Old Nov 1, 2010 | 10:02 AM
  #2150  
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Yeah, yeah .. very good .. I'm trying to have a serious conversation here!!!!
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Anyway, the cash buyer part is for my retirement property .... it has absolutely nothing to do with my BTL Mortgaged properties at all .....
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Old Nov 1, 2010 | 07:22 PM
  #2151  
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Well theres good news on the Interest Rates,at least .
Set to be kept under 1% until 2014 by all accounts .Must be saving some folk an absolute fortune .!!!!!
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Old Nov 1, 2010 | 07:26 PM
  #2152  
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Originally Posted by njkmrs
Well theres good news on the Interest Rates,at least .
Set to be kept under 1% until 2014 by all accounts .Must be saving some folk an absolute fortune .!!!!!
That will have consequences elsewhere in the economy.

Crazy...and desperate.
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Old Nov 1, 2010 | 07:29 PM
  #2153  
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Originally Posted by pslewis
Anyway, the cash buyer part is for my retirement property .... it has absolutely nothing to do with my BTL Mortgaged properties at all .....
Eastbourne?
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Old Nov 1, 2010 | 07:35 PM
  #2154  
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Originally Posted by njkmrs
Well theres good news on the Interest Rates,at least .
Set to be kept under 1% until 2014 by all accounts .Must be saving some folk an absolute fortune .!!!!!
Proof ?
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Old Nov 1, 2010 | 07:37 PM
  #2155  
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gods waiting room
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Old Nov 1, 2010 | 07:42 PM
  #2156  
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I was in Eastbourne last Friday .... but, no, Eastbourne is for the over 90's!

maybe, in 20 years .....

Excellent place to buy a car, mind you!
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Old Nov 1, 2010 | 07:43 PM
  #2157  
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Yeh if you want a honda , lol
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Old Nov 1, 2010 | 07:46 PM
  #2158  
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Originally Posted by njkmrs
Well theres good news on the Interest Rates,at least .
Set to be kept under 1% until 2014 by all accounts .Must be saving some folk an absolute fortune .!!!!!
This won't happen .... not in a million years!!

Inflation is running high, more money is about to be pumped into the economy, saving rates are already on the up ..... rates will be rachetted up next year ..... 0.5% up in the February 2011 Monetary meeting. 0.5% more by May 2011.

This time next year rates will be 2% ... still very low by historic standards, but FOUR times from where we are now!
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Old Nov 1, 2010 | 09:18 PM
  #2159  
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Originally Posted by njkmrs
Well theres good news on the Interest Rates,at least .
Set to be kept under 1% until 2014 by all accounts .Must be saving some folk an absolute fortune .!!!!!


Direct line to Mervyn have you?
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Old Nov 1, 2010 | 09:20 PM
  #2160  
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Originally Posted by FlightMan


Direct line to Mervyn have you?
Or that could be PSL too by the sounds of it.
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