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Thread: The House Thread

  1. #2751
    Administrator SvN's Avatar
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    It was on for over £3million in 2023.

  2. #2752
    Senior Member niko_cee's Avatar
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    I've noticed a few auctions popping up miles below previous listed prices. Not sure if it's realism or repossession at play.

    The footballers wives house I posted years ago is still apparently on the market.

    https://www.rightmove.co.uk/property....179&keywords=

    That one's had a fair bit of price flux as well.

  3. #2753
    Senior Member Waffdon's Avatar
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    Is it silly to buy a house without viewing it?

    There’s a house gone up with a fixed price where we want. I couldn’t get a hold of the missus yesterday until after she finished work and due to this a viewing can’t be done until Friday evening. I’m assuming the rest of the week is filled with other people viewing it and I have the absolute fear that it will be bought before Friday comes.

    It was built in 2022 and 1s throughout the HR so can’t see there being many hidden surprises

  4. #2754
    Administrator SvN's Avatar
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    Not silly, downright fucking stupid.

  5. #2755

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    Yeah don't do that.

  6. #2756
    Senior Member Lofty's Avatar
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    Buy it Waff, liven up the thread.

  7. #2757
    Senior Member Manc's Avatar
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    Happens more than you think.

  8. #2758
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    I'd never buy a house without seeing it but I do question how worthwhile viewings are. There's so much shit you only really notice/take a different view on once you're actually living somewhere.

  9. #2759
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    At the very least, I use it to scout out the area.

  10. #2760
    Senior Member Waffdon's Avatar
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    Quote Originally Posted by Manc View Post
    Happens more than you think.
    Definitely. The amount of houses that are ‘SOLD STC’ on rightmove within a day is mental.

    There will be zero surprises on Friday if we do get the chance to view it. The exact house has been built multiple times and I’ve been in and viewed them.

  11. #2761
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    Quote Originally Posted by Waffdon View Post
    Definitely. The amount of houses that are ‘SOLD STC’ on rightmove within a day is mental.

    There will be zero surprises on Friday if we do get the chance to view it. The exact house has been built multiple times and I’ve been in and viewed them.
    There’s normally a bit of time before a house gets put on Rightmove/Zoopla. So most likely the agent has already lined someone up to buy it then just stuck it on there to boost their stats is all.

  12. #2762
    Senior Member Waffdon's Avatar
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    Wish I did make the offer before viewing it.

    Went to see it last night. Absolutely as expected. Send the offer into my solicitors when we get home. Silly bampots are not open over the weekend. Phone the selling agent this morning to make them aware I have placed an offer matching the fixed price but my solicitor is shut until Monday. Get a voicemail back saying someone has made an offer and it’s been accepted. Fml

  13. #2763
    Senior Member Pepe's Avatar
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    Glad we could help.

  14. #2764
    Senior Member Waffdon's Avatar
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    Top Gear were right about your lot

  15. #2765
    Senior Member Spikey M's Avatar
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    Quote Originally Posted by Lofty View Post
    Buy it Waff, liven up the thread.
    Always listen to the Lofster.

  16. #2766
    Senior Member Lofty's Avatar
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    Pants down, stick it in.

  17. #2767
    Custom User Title phonics's Avatar
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    Going to view this place on Monday after the flat I spent 6 months post-purchase agreement dealing with solicitors fell through.

    https://www.zoopla.co.uk/for-sale/de...aeecce9a355173

    3 bed, 2 bath, 2 living room in central Worcester for a price I can afford seems off but the thing giving me the biggest cause for concern is that it was bought in 2006 for 199 thousand and is selling for a grand more 2 decades later. There has to be a catch.

  18. #2768
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    There’s nothing on the listing about the lease. But, normally in these circumstances it will be a short lease or high service charge or ground rent.

    The other one post Grenfell could be dependent on the height of the building if there is cladding that not having been resolved.

  19. #2769
    DEATH TO THE WEIRD Raoul Duke's Avatar
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    The lease is listed, as well as the other stuff.

    Tenure - Leasehold (114 years)
    Service charge - £1,800 per year
    Council tax band - D
    Ground rent - £200

    Other thing to check out is if there's any major works planned in the building you'd end up coughing up for

  20. #2770
    Custom User Title phonics's Avatar
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    Quote Originally Posted by Luke Emia View Post
    The other one post Grenfell could be dependent on the height of the building if there is cladding that not having been resolved.
    Yeah it was 3cm over what they qualify as a high rise and no-one could agree whether I'd have to pay for a shitload of work. Hence the fall through.

  21. #2771
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    Quote Originally Posted by phonics View Post
    Yeah it was 3cm over what they qualify as a high rise and no-one could agree whether I'd have to pay for a shitload of work. Hence the fall through.
    Is it the building less than 5 storeys the total? If it is Nationwide, Halifax and maybe Santander might lend on it. They can do on certain buildings without the paperwork.

  22. #2772
    Custom User Title phonics's Avatar
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    Someone came up full cash so I got dumped out. I didn't particularly love the place anyway so I'm not too distraught.

  23. #2773
    Senior Member Jimmy Floyd's Avatar
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    Ah, Lord Chunkington. Always a boon for the local housing market when he rolls into town.

  24. #2774
    Senior Member SincereTheRebel's Avatar
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    I needed to know which side of the fence i own. I believe it is the left side, as you look at the house. Sent for the deeds from Land registry UK but it does not show, which part of the property and land is mine specifically. It just gives the outline of the house and the garden.

  25. #2775
    Senior Member niko_cee's Avatar
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    If you can get hold of old conveyances [presumably you should have had some as part of a purchase] then the title plans on those are meant to have little 'T's on the boundaries that are owned by the property, but they are frequently not there and good luck getting anything useful out of the land registry. Best way is to probably ask neighbouring owners if you can.

    For example these little marks:

    Toggle Spoiler
    Last edited by niko_cee; 01-02-2025 at 02:00 PM.

  26. #2776

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    Our right side fence came down in the storm. I couldn’t find any information and predictably the neighbours said it was mine. I had planned to do the full thing anyway, just doubling up against the fence that isn’t mine, so it hasn’t changed anything.

  27. #2777
    Pretty Much Amazing Mike's Avatar
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    The one on my drive came down, the old fella next door said it was his and got a replacement, didn’t want money, just my help putting it in. Perfect!

  28. #2778
    Senior Member SincereTheRebel's Avatar
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    Quote Originally Posted by niko_cee View Post
    If you can get hold of old conveyances [presumably you should have had some as part of a purchase] then the title plans on those are meant to have little 'T's on the boundaries that are owned by the property, but they are frequently not there and good luck getting anything useful out of the land registry. Best way is to probably ask neighbouring owners if you can.

    For example these little marks:

    Toggle Spoiler
    Thanks

  29. #2779
    Senior Member Spikey M's Avatar
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    Another rate cut.

    Already fixed my mortgage for £70 less pm from May, Hopefully I can fix lower still now.

    Still about £400 more than we were paying 3 years ago, mind.

  30. #2780
    Senior Member Waffdon's Avatar
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    If they do start reducing, I hope it’s within the next 4 weeks as my missives date is 01/03/25

  31. #2781
    Senior Member Bam's Avatar
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    Quote Originally Posted by Waffdon View Post
    If they do start reducing, I hope it’s within the next 4 weeks as my missives date is 01/03/25

    It won't be.

  32. #2782
    Custom User Title phonics's Avatar
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    Offer goes in tomorrow:



    Measureables work out at about 1250 square foot bang in the centre of town with gated security and parking.

    Parents want me to lowball by 15 grand because it's all electric heating that needs updating (currently an E grade in efficiency) and the bathrooms/kitchen could do with renovating but I like the place so much I don't want the seller to think I'm taking the piss and tell me to fuck off and not take my calls. Think I might compromise and go 5k under the listing knowing I'll do list price when they say no.

  33. #2783
    Senior Member niko_cee's Avatar
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    Not sure there's much point in blurring out the address among esteemed friends and colleagues, other than it is quite a comedy address, but good luck nonetheless.

    My comedy escapade through the planning system continues.

  34. #2784
    Custom User Title phonics's Avatar
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    I did that before realising I’d literaly linked the whole Rightmove page less than 10 posts ago.

    Thoughts on the low balling business?

  35. #2785
    Senior Member niko_cee's Avatar
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    No idea, it's usually a good negotiating tactic. They can only push you back towards the price but usually the dance goes something like price is 200, you offer 185, they say they can't accept less than 195 and you agree 190. I don't really get offers in excess of though. You need to know the market to know whether that price is a fair starting point for negotiations, I would always go under, usually offensively so, but can see how that wouldn't work if they are genuinely expecting an offer over or it is competitive. Only been on 6 weeks so it's probably not like they are desperate yet. Have they had any other offers?

  36. #2786
    Custom User Title phonics's Avatar
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    Quote Originally Posted by niko_cee View Post
    No idea, it's usually a good negotiating tactic. They can only push you back towards the price but usually the dance goes something like price is 200, you offer 185, they say they can't accept less than 195 and you agree 190. I don't really get offers in excess of though. You need to know the market to know whether that price is a fair starting point for negotiations, I would always go under, usually offensively so, but can see how that wouldn't work if they are genuinely expecting an offer over or it is competitive. Only been on 6 weeks so it's probably not like they are desperate yet. Have they had any other offers?
    Relisted because the last bloke didn't have the money. Meanwhile my deposit will be 65% of the listed price so maybe I can get away with playing silly buggers a bit on lowballing.

  37. #2787
    Pretty Much Amazing Mike's Avatar
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    Quote Originally Posted by phonics View Post
    Thoughts on the low balling business?
    If you really like it, just offer what they want. When we sold our old place, someone lowballed us, someone offered asking, the lowball then offered asking, then over, but we had accepted the other asking price offer already so just went with it. Don’t risk missing out if you really like it.

  38. #2788
    Senior Member Waffdon's Avatar
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    Why are you buying a flat if you’ve got over 100k to play with

  39. #2789
    Custom User Title phonics's Avatar
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    Quote Originally Posted by Waffdon View Post
    Why are you buying a flat if you’ve got over 100k to play with
    I've lived in flats most of my life. I don't drive so centrality to transport and walkability to ameneties are important. I'm single. I have no use for a garden or the time to maintain one. And for the money I'm not gaining much more space if any in return.

    Meanwhile if I took this flat for instance, the mortgage payments would take my 'rent' from 800 a month to 400. I'm not sure what there is to gain from a house.

    For more context the deposit is fully funded due to Brexit rules when I left Switzerland. By law my pension should have to transfer into another pension fund but due to me going from Switzerland to the UK it could not be transferred to a non EU entity. So they had to pay it to me in cash, because I was unemployed I could only make a maximum pension contribution of about 3.5k. So I stuck the rest in an ISA which has returned about 8% a year for the last 3 years.

    So now I’m just converting that money minus the profits and some inheritance fund into land in a way that makes my cost of living go down at the same time.

  40. #2790
    Senior Member Pepe's Avatar
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    Alternatively, why don't you offer a smaller deposit and invest the rest?

  41. #2791

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    Not sure how strong the market is where you are. I’d go £192.5k and bump it to £197.5k if/when they refuse the first offer. I’ve bought two houses (one in a booming market) and got them for a shade below asking price both times.

    If the market is weak you can probably start at 185-190. If it’s strong they’ll tell you to fuck off if you offer anything below asking. Basically scope it out, they won’t blacklist you for being cheeky out of the gate.

  42. #2792
    Senior Member Lofty's Avatar
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    Mortgage rates going down, not been on long, they'll likely be happy to wait than sell under asking unless desperate.

  43. #2793
    Senior Member Jimmy Floyd's Avatar
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    Quote Originally Posted by Pepe View Post
    Alternatively, why don't you offer a smaller deposit and invest the rest?
    There's no investment like British housing under the current (eternal) policies.

  44. #2794
    Senior Member Pepe's Avatar
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    Not saying not to buy, but to pay as little as possible upfront.

  45. #2795
    I used to be funny.
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    I dunno, halving his rent for the next 25-30 years will pay him back. He'll have money to invest off the back of that.

  46. #2796
    Bookie Sir Andy Mahowry's Avatar
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    Better yet, live on the street and invest it all.

  47. #2797
    Senior Member Pepe's Avatar
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    If the interest rate is lower than the returns you would expect from investing your money (which they usually are) then you should put as little as possible upfront. If the interest rates are higher, then you do the opposite. Basic stuff. If this is not common knowledge in the UK then you have no place criticizing Americans about 'half three.'

  48. #2798
    More successful than most Magic's Avatar
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    Quote Originally Posted by Waffdon View Post
    Why are you buying a flat if you’ve got over 100k to play with
    He's a Champagne socialist. Can't be complaining in a detached villa...


  49. #2799
    Senior Member Waffdon's Avatar
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    Speaking of flats, I seen one in Dundee going up for 400k. 1 bedroom.

    Looks nice, but know your place lads.

  50. #2800
    More successful than most Magic's Avatar
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    Riverside?

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