| House Price Crash [message #383609] |
Do, 27 April 2006 20:37 |
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Any news on when it will happen.
This group has been very quiet on the subject recently.
I'm in the process of selling house and renting.
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| Re: House Price Crash [message #383617 ] |
Do, 27 April 2006 21:14 |
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"Janet Stone" <jstone [at] nospam.com> wrote in message
news:pb84g.31775$tc.27918 [at] fe2.news.blueyonder.co.uk...
> Any news on when it will happen.
>
> This group has been very quiet on the subject recently.
>
> I'm in the process of selling house and renting.
Sometime within the next 8 months and 3 days or Crowley gets tarred and
feathered!
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Price Crash [message #383619 ] |
Do, 27 April 2006 21:35 |
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"Janet Stone" <jstone [at] nospam.com> wrote in message
news:pb84g.31775$tc.27918 [at] fe2.news.blueyonder.co.uk...
> Any news on when it will happen.
>
> This group has been very quiet on the subject recently.
>
> I'm in the process of selling house and renting.
So am I, but mainly because I having to maintain
my own property is restricting my choice of
job locations.
I'm actually suprised at how robust the market
is for property in my town, it seemed to die
completely last summer.
tim
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| Re: House Price Crash [message #383622 ] |
Do, 27 April 2006 22:04 |
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Janet Stone wrote:
> Any news on when it will happen.
>
> This group has been very quiet on the subject recently.
>
> I'm in the process of selling house and renting.
It isn't possible to predict when it will happen until it actually does
happen. It will happen when people are no longer willing to buy property
at current prices. First time buyers are already pretty much priced out of
the market, for existing home owners moving house, it makes little
difference as they sell one house at an inflated price and use the money to
buy another house at an inflated price, so it is down to the buy to let
investors.
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| Re: House Price Crash [message #383632 ] |
Do, 27 April 2006 23:59 |
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"Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
news:2nk7i3-hns.ln1 [at] michelle.jbryce...
> Janet Stone wrote:
>
>> Any news on when it will happen.
>>
>> This group has been very quiet on the subject recently.
>>
>> I'm in the process of selling house and renting.
>
> It isn't possible to predict when it will happen until it actually does
> happen. It will happen when people are no longer willing to buy property
> at current prices. First time buyers are already pretty much priced out
> of
> the market, for existing home owners moving house, it makes little
> difference as they sell one house at an inflated price and use the money
> to
> buy another house at an inflated price, so it is down to the buy to let
> investors.
....and the couples splitting up, according to a recent report, a substantial
part of the lower end of the market!
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Price Crash [message #383634 ] |
Fr, 28 April 2006 00:25 |
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Tumbleweed wrote:
> "Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
> news:2nk7i3-hns.ln1 [at] michelle.jbryce...
>> Janet Stone wrote:
>>
>>> Any news on when it will happen.
>>>
>>> This group has been very quiet on the subject recently.
>>>
>>> I'm in the process of selling house and renting.
>> It isn't possible to predict when it will happen until it actually does
>> happen. It will happen when people are no longer willing to buy property
>> at current prices. First time buyers are already pretty much priced out
>> of
>> the market, for existing home owners moving house, it makes little
>> difference as they sell one house at an inflated price and use the money
>> to
>> buy another house at an inflated price, so it is down to the buy to let
>> investors.
>
> ...and the couples splitting up, according to a recent report, a substantial
> part of the lower end of the market!
*yawn* fuckwit
Inviato da X-Privat.Org - Registrazione gratuita http://www.x-privat.org/join.php
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| Re: House Price Crash [message #383635 ] |
Fr, 28 April 2006 00:34 |
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"Irma Troll" <troll [at] troll.com> wrote in message
news:445144d6$1_2 [at] x-privat.org...
> Tumbleweed wrote:
>> "Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
>> news:2nk7i3-hns.ln1 [at] michelle.jbryce...
>>> Janet Stone wrote:
>>>
>>>> Any news on when it will happen.
>>>>
>>>> This group has been very quiet on the subject recently.
>>>>
>>>> I'm in the process of selling house and renting.
>>> It isn't possible to predict when it will happen until it actually does
>>> happen. It will happen when people are no longer willing to buy
>>> property
>>> at current prices. First time buyers are already pretty much priced out
>>> of
>>> the market, for existing home owners moving house, it makes little
>>> difference as they sell one house at an inflated price and use the money
>>> to
>>> buy another house at an inflated price, so it is down to the buy to let
>>> investors.
>>
>> ...and the couples splitting up, according to a recent report, a
>> substantial part of the lower end of the market!
>
> *yawn* fuckwit
>
then the BBC are fuckwits as well for reporting it a few months back.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Price Crash [message #383650 ] |
Fr, 28 April 2006 13:39 |
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"Janet Stone" wrote
> Any news on when it will happen.
Which one?
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| Re: House Price Crash [message #383655 ] |
Fr, 28 April 2006 13:55 |
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"Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
news:4bct05F10l2c3U1 [at] individual.net...
>
> "Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
> news:2nk7i3-hns.ln1 [at] michelle.jbryce...
>> Janet Stone wrote:
>>
>>> Any news on when it will happen.
>>>
>>> This group has been very quiet on the subject recently.
>>>
>>> I'm in the process of selling house and renting.
>>
>> It isn't possible to predict when it will happen until it actually does
>> happen. It will happen when people are no longer willing to buy property
>> at current prices. First time buyers are already pretty much priced out
>> of
>> the market, for existing home owners moving house, it makes little
>> difference as they sell one house at an inflated price and use the money
>> to
>> buy another house at an inflated price, so it is down to the buy to let
>> investors.
>
> ...and the couples splitting up, according to a recent report, a
> substantial part of the lower end of the market!
>
In the two weeks the house was on the market 8 women who were splitting up
with their other half visted the property to only 2 first time buyers.
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| Re: House Price Crash [message #383658 ] |
Fr, 28 April 2006 16:18 |
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On Thu, 27 Apr 2006 18:37:09 GMT, "Janet Stone" <jstone [at] nospam.com>
wrote:
>Any news on when it will happen.
>
>This group has been very quiet on the subject recently.
>
>I'm in the process of selling house and renting.
>
When it happens it will be sudden. Those in the know will already have
cut and run,the rest will lose out. It will happen, of that there is
no doubt. All the signs are there. I had a mail from my building soc
the other day saying that they were cutting the rate on my sav account
becuase it had attracted too much incoming cash!. Obviously they mean
that they have too much cash and are unable to lend it out in the form
of loans and mortgages-why? because everything is steam tight and the
taking on of new loans/mortgages is slowing down.
Remove antispam and add 670 after bra to email
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| Re: House Price Crash [message #383660 ] |
Fr, 28 April 2006 17:27 |
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"tarquinlinbin" <braantispam [at] hotmail.com> wrote in message
news:9t84529uo9ugqh5saqjgsn8jhj58d3ksts [at] 4ax.com...
> On Thu, 27 Apr 2006 18:37:09 GMT, "Janet Stone" <jstone [at] nospam.com>
> wrote:
>
>>Any news on when it will happen.
>>
>>This group has been very quiet on the subject recently.
>>
>>I'm in the process of selling house and renting.
>>
> When it happens it will be sudden. Those in the know will already have
> cut and run,the rest will lose out. It will happen, of that there is
> no doubt. All the signs are there. I had a mail from my building soc
> the other day saying that they were cutting the rate on my sav account
> becuase it had attracted too much incoming cash!. Obviously they mean
> that they have too much cash and are unable to lend it out in the form
> of loans and mortgages-why? because everything is steam tight and the
> taking on of new loans/mortgages is slowing down.
>
That isn't what the Council of Mortgage Lenders are saying. That loans
secured on property have surpassed the 1 Trillion mark in the UK last month
or so.
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| Re: House Price Crash [message #383662 ] |
Fr, 28 April 2006 18:13 |
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"tarquinlinbin" <braantispam [at] hotmail.com> wrote in message
news:9t84529uo9ugqh5saqjgsn8jhj58d3ksts [at] 4ax.com...
> On Thu, 27 Apr 2006 18:37:09 GMT, "Janet Stone" <jstone [at] nospam.com>
> wrote:
>
>>Any news on when it will happen.
>>
>>This group has been very quiet on the subject recently.
>>
>>I'm in the process of selling house and renting.
>>
> When it happens it will be sudden. Those in the know will already have
> cut and run,the rest will lose out. It will happen, of that there is
> no doubt. All the signs are there.
Such as rising house prices?
>I had a mail from my building soc
> the other day saying that they were cutting the rate on my sav account
> becuase it had attracted too much incoming cash!. Obviously they mean
> that they have too much cash and are unable to lend it out in the form
> of loans and mortgages-why? because everything is steam tight and the
> taking on of new loans/mortgages is slowing down.
>
incorrect, mortgage loans at least are increasing.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Price Crash [message #383668 ] |
Fr, 28 April 2006 19:23 |
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I am amazed that house prices continue to rise as I cannot see how
people can continue to finance such huge sums of money to afford these
continued increases in property prices. It is a bubble that is going to
burst but the time when it will happen is a matter of opinion. My
opinion was it should have happened by now.
Mabon Dane
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| Re: House Price Crash [message #383671 ] |
Fr, 28 April 2006 19:37 |
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"Janet Stone" <jstone [at] nospam.com> wrote in message
news:Yon4g.35514$tc.15573 [at] fe2.news.blueyonder.co.uk...
>
> "Tumbleweed" <thisaccountneverread [at] yahoo.com> wrote in message
> news:4bct05F10l2c3U1 [at] individual.net...
>>
>> "Jonathan Bryce" <jonathan [at] localhost.localdomain> wrote in message
>> news:2nk7i3-hns.ln1 [at] michelle.jbryce...
>>> Janet Stone wrote:
>>>
>>>> Any news on when it will happen.
>>>>
>>>> This group has been very quiet on the subject recently.
>>>>
>>>> I'm in the process of selling house and renting.
>>>
>>> It isn't possible to predict when it will happen until it actually does
>>> happen. It will happen when people are no longer willing to buy
>>> property
>>> at current prices. First time buyers are already pretty much priced out
>>> of
>>> the market, for existing home owners moving house, it makes little
>>> difference as they sell one house at an inflated price and use the money
>>> to
>>> buy another house at an inflated price, so it is down to the buy to let
>>> investors.
>>
>> ...and the couples splitting up, according to a recent report, a
>> substantial part of the lower end of the market!
>>
>
> In the two weeks the house was on the market 8 women who were splitting up
> with their other half visted the property to only 2 first time buyers.
I got 3 FTB, 1 group of sharers and 2 couples.
and 4 BTL.
One of the couples and one BTL fought their way up to
the asking price and I had to choose (the EA didn't
like the idea of a contract race).
tim
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| Re: House Price Crash [message #383674 ] |
Fr, 28 April 2006 20:24 |
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"tim (back at home)" wrote
> One of the couples and one BTL fought their
> way up to the asking price and I had to choose
> (the EA didn't like the idea of a contract race).
Ah, but it's not up to the EA - (s)he's
working for you, not the other way around!
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| Re: House Price Crash [message #383676 ] |
Fr, 28 April 2006 21:05 |
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Tumbleweed wrote:
> "tarquinlinbin" <braantispam [at] hotmail.com> wrote in message
> news:9t84529uo9ugqh5saqjgsn8jhj58d3ksts [at] 4ax.com...
> > On Thu, 27 Apr 2006 18:37:09 GMT, "Janet Stone" <jstone [at] nospam.com>
> > wrote:
> >
> >>Any news on when it will happen.
> >>
> >>This group has been very quiet on the subject recently.
> >>
> >>I'm in the process of selling house and renting.
> >>
> > When it happens it will be sudden. Those in the know will already have
> > cut and run,the rest will lose out. It will happen, of that there is
> > no doubt. All the signs are there.
>
> Such as rising house prices?
>
> >I had a mail from my building soc
> > the other day saying that they were cutting the rate on my sav account
> > becuase it had attracted too much incoming cash!. Obviously they mean
> > that they have too much cash and are unable to lend it out in the form
> > of loans and mortgages-why? because everything is steam tight and the
> > taking on of new loans/mortgages is slowing down.
> >
>
> incorrect, mortgage loans at least are increasing.
And people can't "cut and run". Either they:
1) Need somewhere to live.
2) Take a huge CGT hit.
3) Can't sell at the prce. They drop their price, and can't sell at
that price either.
If the finance runs out they are stuffed - utterly,and for the rest of
their lives. But in the 90's that happened to few. Most clung on and
were rescued by the eventual turn of events [sic].
There are always more people you can squeeze into fewer and fewer
rooms. If your big house is worth 2 small houses, at it will always be
worth 2 small houses.
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| Re: House Price Crash [message #383687 ] |
Fr, 28 April 2006 22:55 |
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>> When it happens it will be sudden. Those in the know will already have
>> cut and run,the rest will lose out. It will happen, of that there is
>> no doubt. All the signs are there.
>Such as rising house prices?
Unshakeable confidence.....
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| Re: House Price Crash [message #383698 ] |
Sa, 29 April 2006 03:17 |
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In message <4bf3dvF11ev4mU1 [at] individual.net>, "tim (back at home)"
<tim_back_home2006 [at] yahoo.co.uk> writes
>> In the two weeks the house was on the market 8 women who were splitting up
>> with their other half visted the property to only 2 first time buyers.
>
>I got 3 FTB, 1 group of sharers and 2 couples. and 4 BTL.
>
>One of the couples and one BTL fought their way up to the asking price
>and I had to choose (the EA didn't like the idea of a contract race).
None of his business - if you instruct him to offer/initiate a contracts
race, he should do it. I used to love them.
--
Richard Faulkner
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| Re: House Price Crash [message #383699 ] |
Sa, 29 April 2006 09:05 |
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<haverhill [at] h2009.com> wrote in message
news:1146245012.019265.76160 [at] j33g2000cwa.googlegroups.com...
>I am amazed that house prices continue to rise as I cannot see how
> people can continue to finance such huge sums of money to afford these
> continued increases in property prices. It is a bubble that is going to
> burst but the time when it will happen is a matter of opinion. My
> opinion was it should have happened by now.
>
and your opinion that its a bubble that will burst may also be wrong.
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Price Crash [message #383700 ] |
Sa, 29 April 2006 09:07 |
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<whitely525 [at] yahoo.co.uk> wrote in message
news:1146257728.326143.299840 [at] u72g2000cwu.googlegroups.com...
>>> When it happens it will be sudden. Those in the know will already have
>>> cut and run,the rest will lose out. It will happen, of that there is
>>> no doubt. All the signs are there.
>
>>Such as rising house prices?
>
> Unshakeable confidence.....
>
no, just a fact. I have no idea whether prices will rise, fall or remain the
same.
If I had a wish it would be that they fell but there is a poem about that
(wishes).
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com
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| Re: House Price Crash [message #383702 ] |
Sa, 29 April 2006 09:35 |
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"Richard Faulkner" <richard [at] estate.demon.co.uk> wrote in message
news:HqvoFLAo6rUEFw5Z [at] estate.demon.co.uk...
> In message <4bf3dvF11ev4mU1 [at] individual.net>, "tim (back at home)"
> <tim_back_home2006 [at] yahoo.co.uk> writes
>>> In the two weeks the house was on the market 8 women who were splitting
>>> up
>>> with their other half visted the property to only 2 first time buyers.
>>
>>I got 3 FTB, 1 group of sharers and 2 couples. and 4 BTL.
>>
>>One of the couples and one BTL fought their way up to the asking price and
>>I had to choose (the EA didn't like the idea of a contract race).
>
> None of his business - if you instruct him to offer/initiate a contracts
> race, he should do it. I used to love them.
I realise that it is my decision, but I have to take
his advice on whether it is likely to result in a better
or a worse outcome as I have no previous experience
to gague this.
Better in my case is selling the house, at a acceptable,
price ASAP.
His advice could have been wrong.
tim
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| Re: House Price Crash [message #383707 ] |
Sa, 29 April 2006 10:47 |
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"Troy Steadman" wrote
> ...
> 2) Take a huge CGT hit...
I would *want* to take a "huge CGT hit" every
time, over an alternative of a "smaller CGT hit".
It would mean that the gain was much higher,
and so the net gain would also be higher!
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| Re: House Price Crash [message #383708 ] |
Sa, 29 April 2006 10:42 |
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> > "tim (back at home)" wrote
> >>One of the couples and one BTL fought their
> >>way up to the asking price and I had to choose
> >>(the EA didn't like the idea of a contract race).
> >
> "Richard Faulkner" wrote
> > None of his business - if you instruct him to offer/initiate
> > a contracts race, he should do it. I used to love them.
>
"tim (back at home)" wrote
> I realise that it is my decision, but I have
> to take his advice on whether it is likely to
> result in a better or a worse outcome as I
> have no previous experience to gague this.
>
> Better in my case is selling the house,
> at a acceptable, price ASAP.
Accepted, but did he give any *reason*
why he thought it wasn't a good idea?
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| Re: House Price Crash [message #383709 ] |
Sa, 29 April 2006 10:57 |
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"Tim" <me [at] home.uk> wrote in message news:sJOdneaozsOMus7ZRVnyvA [at] bt.com...
>> > "tim (back at home)" wrote
>> >>One of the couples and one BTL fought their
>> >>way up to the asking price and I had to choose
>> >>(the EA didn't like the idea of a contract race).
>> >
>> "Richard Faulkner" wrote
>> > None of his business - if you instruct him to offer/initiate
>> > a contracts race, he should do it. I used to love them.
>>
> "tim (back at home)" wrote
>> I realise that it is my decision, but I have
>> to take his advice on whether it is likely to
>> result in a better or a worse outcome as I
>> have no previous experience to gague this.
>>
>> Better in my case is selling the house,
>> at a acceptable, price ASAP.
>
> Accepted, but did he give any *reason*
> why he thought it wasn't a good idea?
No, I just assumed he knew best.
Time will tell. I now have a need to speed things
up. Either the buyer will buy into this or walk.
tim
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| Re: House Price Crash [message #383721 ] |
Sa, 29 April 2006 12:52 |
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In message <Yon4g.35514$tc.15573 [at] fe2.news.blueyonder.co.uk>, Janet Stone
<jstone [at] nospam.com> writes
>In the two weeks the house was on the market 8 women who were splitting up
>with their other half visted the property to only 2 first time buyers.
Wasn't he arrested for polygamy? (Sorry!)
--
Timothy
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| Re: House Price Crash [message #383738 ] |
Sa, 29 April 2006 15:53 |
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whitely525 [at] yahoo.co.uk wrote:
>>> When it happens it will be sudden. Those in the know will already have
>>> cut and run,the rest will lose out. It will happen, of that there is
>>> no doubt. All the signs are there.
>
>>Such as rising house prices?
>
>Unshakeable confidence.....
Try reading what Tumbleweed asks, not what you think he says, or do
you have irretrievable tunnel vision ?
Daytona
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| Re: House Price Crash [message #383752 ] |
Sa, 29 April 2006 20:09 |
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In message <4bgo3mF1131j4U1 [at] individual.net>, "tim (back at home)"
<tim_back_home2006 [at] yahoo.co.uk> writes
>
>"Tim" <me [at] home.uk> wrote in message news:sJOdneaozsOMus7ZRVnyvA [at] bt.com...
>>> > "tim (back at home)" wrote
>>> >>One of the couples and one BTL fought their
>>> >>way up to the asking price and I had to choose
>>> >>(the EA didn't like the idea of a contract race).
>>> >
>>> "Richard Faulkner" wrote
>>> > None of his business - if you instruct him to offer/initiate
>>> > a contracts race, he should do it. I used to love them.
>>>
>> "tim (back at home)" wrote
>>> I realise that it is my decision, but I have
>>> to take his advice on whether it is likely to
>>> result in a better or a worse outcome as I
>>> have no previous experience to gague this.
>>>
>>> Better in my case is selling the house,
>>> at a acceptable, price ASAP.
>>
>> Accepted, but did he give any *reason*
>> why he thought it wasn't a good idea?
>
>No, I just assumed he knew best.
>
It's usually because they are frightened of being shouted at by the
buyers.
>Time will tell. I now have a need to speed things
>up.
If you can get a contracts race going, you usually get an exchange
within a few days.
> Either the buyer will buy into this or walk.
His call eh?
--
Richard Faulkner
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| Re: House Price Crash [message #383756 ] |
Sa, 29 April 2006 21:56 |
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"Richard Faulkner" <richard [at] estate.demon.co.uk> wrote in message
news:j7sxxPDkv6UEFwMd [at] estate.demon.co.uk...
> In message <4bgo3mF1131j4U1 [at] individual.net>, "tim (back at home)"
> <tim_back_home2006 [at] yahoo.co.uk> writes
>>
>>"Tim" <me [at] home.uk> wrote in message news:sJOdneaozsOMus7ZRVnyvA [at] bt.com...
>>>> > "tim (back at home)" wrote
>>>> >>One of the couples and one BTL fought their
>>>> >>way up to the asking price and I had to choose
>>>> >>(the EA didn't like the idea of a contract race).
>>>> >
>>>> "Richard Faulkner" wrote
>>>> > None of his business - if you instruct him to offer/initiate
>>>> > a contracts race, he should do it. I used to love them.
>>>>
>>> "tim (back at home)" wrote
>>>> I realise that it is my decision, but I have
>>>> to take his advice on whether it is likely to
>>>> result in a better or a worse outcome as I
>>>> have no previous experience to gague this.
>>>>
>>>> Better in my case is selling the house,
>>>> at a acceptable, price ASAP.
>>>
>>> Accepted, but did he give any *reason*
>>> why he thought it wasn't a good idea?
>>
>>No, I just assumed he knew best.
>>
>
> It's usually because they are frightened of being shouted at by the
> buyers.
>
>>Time will tell. I now have a need to speed things
>>up.
>
> If you can get a contracts race going, you usually get an exchange within
> a few days.
It's leasehold.
I also have some work started that's subject to a BN
and I don't have a Completion Certificate.
>> Either the buyer will buy into this or walk.
>
> His call eh?
Until exchange, isn't it always.
tim
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| Re: House Price Crash [message #383848 ] |
Mo, 01 Mai 2006 17:12 |
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"Richard Faulkner" <richard [at] estate.demon.co.uk> wrote in message
news:j7sxxPDkv6UEFwMd [at] estate.demon.co.uk...
> In message <4bgo3mF1131j4U1 [at] individual.net>, "tim (back at home)"
> <tim_back_home2006 [at] yahoo.co.uk> writes
>>
>>"Tim" <me [at] home.uk> wrote in message news:sJOdneaozsOMus7ZRVnyvA [at] bt.com...
>>>> > "tim (back at home)" wrote
>>>> >>One of the couples and one BTL fought their
>>>> >>way up to the asking price and I had to choose
>>>> >>(the EA didn't like the idea of a contract race).
>>>> >
>>>> "Richard Faulkner" wrote
>>>> > None of his business - if you instruct him to offer/initiate
>>>> > a contracts race, he should do it. I used to love them.
>>>>
>>> "tim (back at home)" wrote
>>>> I realise that it is my decision, but I have
>>>> to take his advice on whether it is likely to
>>>> result in a better or a worse outcome as I
>>>> have no previous experience to gague this.
>>>>
>>>> Better in my case is selling the house,
>>>> at a acceptable, price ASAP.
>>>
>>> Accepted, but did he give any *reason*
>>> why he thought it wasn't a good idea?
>>
>>No, I just assumed he knew best.
>>
>
> It's usually because they are frightened of being shouted at by the
> buyers.
>
>>Time will tell. I now have a need to speed things
>>up.
>
> If you can get a contracts race going, you usually get an exchange within
> a few days.
>
For the benefit of my ignorance.
When people buy houses it normally takes 6-8 weeks without glitches. I have
heard of people completing within 28 days where there is no chain, but never
within a few days?
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| Re: House Price Crash [message #383849 ] |
Mo, 01 Mai 2006 17:24 |
|
Janet Stone wrote:
> "Richard Faulkner" <richard [at] estate.demon.co.uk> wrote in message
> news:j7sxxPDkv6UEFwMd [at] estate.demon.co.uk...
> > In message <4bgo3mF1131j4U1 [at] individual.net>, "tim (back at home)"
> > <tim_back_home2006 [at] yahoo.co.uk> writes
> >>
> >>"Tim" <me [at] home.uk> wrote in message news:sJOdneaozsOMus7ZRVnyvA [at] bt.com...
> >>>> > "tim (back at home)" wrote
> >>>> >>One of the couples and one BTL fought their
> >>>> >>way up to the asking price and I had to choose
> >>>> >>(the EA didn't like the idea of a contract race).
> >>>> >
> >>>> "Richard Faulkner" wrote
> >>>> > None of his business - if you instruct him to offer/initiate
> >>>> > a contracts race, he should do it. I used to love them.
> >>>>
> >>> "tim (back at home)" wrote
> >>>> I realise that it is my decision, but I have
> >>>> to take his advice on whether it is likely to
> >>>> result in a better or a worse outcome as I
> >>>> have no previous experience to gague this.
> >>>>
> >>>> Better in my case is selling the house,
> >>>> at a acceptable, price ASAP.
> >>>
> >>> Accepted, but did he give any *reason*
> >>> why he thought it wasn't a good idea?
> >>
> >>No, I just assumed he knew best.
> >>
> >
> > It's usually because they are frightened of being shouted at by the
> > buyers.
> >
> >>Time will tell. I now have a need to speed things
> >>up.
> >
> > If you can get a contracts race going, you usually get an exchange within
> > a few days.
> >
>
> For the benefit of my ignorance.
>
> When people buy houses it normally takes 6-8 weeks without glitches. I have
> heard of people completing within 28 days where there is no chain, but never
> within a few days?
These tend to involve very large corporations - banks etc, where "We're
Dept A. You need Dept B. I'm putting you through to Dept C." - and very
small entities - solicitors and EA's where "Mr Smith is on holiday and
won't be back in the office until next week".
In either case jobs tend to get "scheduled" and it's that down time
that takes the time. If something *really* needs to be done, generally
because high fees warrant it, then months of work can magically be
collapsed into a few hours. All it takes is the will.
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| Re: House Price Crash [message #383855 ] |
Mo, 01 Mai 2006 18:30 |
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> "Richard Faulkner" wrote
> > If you can get a contracts race going, you
> > usually get an exchange within a few days.
> >
>
"Janet Stone" wrote
> For the benefit of my ignorance.
>
> When people buy houses it normally takes
> 6-8 weeks without glitches. I have heard
> of people completing within 28 days where
> there is no chain, but never within a few days?
Is there a question there somewhere?
[I see a question mark, but
cannot make out a question...!]
Anyway, Richard didn't say: " *complete* within a
few days" -- he said: " *exchange* within a few days".
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| Re: House Price Crash [message #383858 ] |
Mo, 01 Mai 2006 19:03 |
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Tim wrote:
> > "Richard Faulkner" wrote
> > > If you can get a contracts race going, you
> > > usually get an exchange within a few days.
> > >
> >
>
> "Janet Stone" wrote
> > For the benefit of my ignorance.
> >
> > When people buy houses it normally takes
> > 6-8 weeks without glitches. I have heard
> > of people completing within 28 days where
> > there is no chain, but never within a few days?
>
> Is there a question there somewhere?
> [I see a question mark, but
> cannot make out a question...!]
If you see a question mark, then logic would indicate that you are
looking at the question. Maybe you need wider specs.
> Anyway, Richard didn't say: " *complete* within a
> few days" -- he said: " *exchange* within a few days".
Completion and Exchange could happen on the same day, and the entire
process could be sorted out in a few hours if everyone in the equation
wants it to be?
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| Re: House Price Crash [message #383864 ] |
Mo, 01 Mai 2006 20:04 |
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Troy Steadman wrote:
> If you see a question mark, then logic would indicate that you are
> looking at the question. Maybe you need wider specs.
If you widen the specifications too much, though, pretty soon you won't
be able to tell the difference between Q and A, or loss and gain.
> Completion and Exchange could happen on the same day, and the entire
> process could be sorted out in a few hours if everyone in the equation
> wants it to be?
I'm sure if there's an answer to that, it's probably no.
More probably than yes, at any rate.
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| Re: House Price Crash [message #383868 ] |
Mo, 01 Mai 2006 19:58 |
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"Tim" <me [at] home.uk> wrote in message news:mMmdnXM9quBIqsvZRVny2Q [at] bt.com...
>> "Richard Faulkner" wrote
>> > If you can get a contracts race going, you
>> > usually get an exchange within a few days.
>> >
>>
>
> "Janet Stone" wrote
>> For the benefit of my ignorance.
>>
>> When people buy houses it normally takes
>> 6-8 weeks without glitches. I have heard
>> of people completing within 28 days where
>> there is no chain, but never within a few days?
>
> Is there a question there somewhere?
> [I see a question mark, but
> cannot make out a question...!]
>
> Anyway, Richard didn't say: " *complete* within a
> few days" -- he said: " *exchange* within a few days".
IME the completion is the bit that *you* can
rush as it's entirely within the contol of the
solicitor(s). It's the exchange that requires
the other people to move quickly, some of
which have zero incentive to do so.
I suspect trying to get a Mananging Agent
of a leasehold block to respond to questions
in less than two weeks is somewhat difficult,
though I suppose that the purchasor could take
the risk of proceeding without this.
tim
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| Re: House Price Crash [message #383874 ] |
Mo, 01 Mai 2006 21:06 |
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In message <_zp5g.186257$8Q3.56001 [at] fe1.news.blueyonder.co.uk>, Janet
Stone <jstone [at] nospam.com> writes
>> If you can get a contracts race going, you usually get an exchange within
>> a few days.
>>
>
>For the benefit of my ignorance.
>
>When people buy houses it normally takes 6-8 weeks without glitches. I
>have heard of people completing within 28 days where there is no chain,
>but never within a few days?
It's amazing how fast everything can be done when there is a risk that
the buyer will not get the house of their dreams:
Delays are usually caused by the mortgage and the local search, aswell
as "petty" pre-contract enquiries and arguing the toss over the survey,
including extra reports.
Buyers very quickly forget about petty enquiries and a bit of
damproofing and an electrical report when faced with losing the house.
Solicitors amazingly agree that a personal local search is acceptable.
Mortgage offers are usually made within a few days to a week. If a
mortgage isnt required, 1 or 2 days is all it need take.
There is a lot of pissing about buy buyers, and their advisors, in a
house purchase.
--
Richard Faulkner
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| Re: House Price Crash [message #384757 ] |
Mi, 03 Mai 2006 11:36 |
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In message <j7sxxPDkv6UEFwMd [at] estate.demon.co.uk>, Richard Faulkner
<richard [at] estate.demon.co.uk> writes
>In message <4bgo3mF1131j4U1 [at] individual.net>, "tim (back at home)"
><tim_back_home2006 [at] yahoo.co.uk> writes
>>"Tim" <me [at] home.uk> wrote in message news:sJOdneaozsOMus7ZRVnyvA [at] bt.com...
>>>> > "tim (back at home)" wrote
>>>> >>One of the couples and one BTL fought their
>>>> >>way up to the asking price and I had to choose
>>>> >>(the EA didn't like the idea of a contract race).
>>>> "Richard Faulkner" wrote
>>>> > None of his business - if you instruct him to offer/initiate
>>>> > a contracts race, he should do it. I used to love them.
>>> "tim (back at home)" wrote
>>>> I realise that it is my decision, but I have
>>>> to take his advice on whether it is likely to
>>>> result in a better or a worse outcome as I
>>>> have no previous experience to gague this.
>>>> Better in my case is selling the house,
>>>> at a acceptable, price ASAP.
>>> Accepted, but did he give any *reason*
>>> why he thought it wasn't a good idea?
>>No, I just assumed he knew best.
>It's usually because they are frightened of being shouted at by the
>buyers.
>>Time will tell. I now have a need to speed things
>>up.
>If you can get a contracts race going, you usually get an exchange
>within a few days.
>> Either the buyer will buy into this or walk.
>His call eh?
I find that solicitors are quite keen on advising their clients to walk
away as they could expend and get nothing (a la Scot Land)
--
Timothy
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| Re: House Price Crash [message #384758 ] |
Mi, 03 Mai 2006 11:38 |
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In message <_zp5g.186257$8Q3.56001 [at] fe1.news.blueyonder.co.uk>, Janet
Stone <jstone [at] nospam.com> writes
>When people buy houses it normally takes 6-8 weeks without glitches. I have
>heard of people completing within 28 days where there is no chain, but never
>within a few days?
I think the fastest we've had was just over a week.
--
Timothy
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