Topic ID 4597
This house on Fordwich Rise was purchased on 5 May 2009 for £540,000 & is now back on the market for £675,000 http://details.vebra.com/property/1036/18810730 It appears to have had a one story extension (although am not certain), new kitchen/bathrooms installed & redecorated throughout - does anyone else think it does not merit an asking price of £675,000 or is it just me? [:p]
Reply ID 65957
A nice road, probably one of the best in the town. Offer £600k.
Reply ID 65962
That's a lovely house. I envy their kitchen/garden/hallway etc!
Reply ID 65964
I agree it is a nice home but it does not warrant a £675,000 asking price! Have you seen how narrow the master bedroom is? It saddens me that Estate Agents push prices up, especially in the current climate, & although I know certain houses/areas are in high demand, it makes it even more so harder for potential buyers like us. We have friends who live in Fordwich Rise/Hill & they paid less than £500,000 for their 4/5 bed houses at the peak of the market. Never endured so much stress in my life than now as we are seaking a family home.
Reply ID 65965
Good luck to them if they can achieve something near £675. Probably on the hign side but given the lack of similar sized houses, I wouldn't be surprised if this wasn't too far from the mark. Estate agents will always try to get the maximum... it is their job after all!
Reply ID 65966
Agree with Harran again overpriced, and how come vendors in Hertford seem to think their houses are worth more in a recession than before? Anyone out there actually managed to buy a house and move in the last few months?
Reply ID 65968
I don't want to sound cold, but a vendor has right to place whatever price they like on their house. Estate Agent don't inflate prices, greedy vendors do. We're all essentially greedy when it comes to houses we want to sell for as much as possible and pay as little as possible, Estate Agents feed on our greed. The fact that you think it's too much isn't really relevant if someone else is prepared to pay. I do feel sorry for you and know what it's like trying to find an affordable house in Hertford but the supply of the kind of houses that you're looking for is completely outstripped by demand. Add to that the people selling up in N.London and moving out here with freshly released equity and it's not really a suprise that the prices keep going up. My concern is that a couple of posters on this forum seem to be waiting for the housing market in Hertford to collapse and the perfect house with 4 beds, a big garden and "character" going for a song and I just don't think it'll happen, those houses will always be in demand and will be the last to drop. I agree with James, try an offer and see how robustly they push back.
quote:
Originally posted by Tiny
Agree with Harran again overpriced, and how come vendors in Hertford seem to think their houses are worth more in a recession than before? Anyone out there actually managed to buy a house and move in the last few months?
Reply ID 65969
quote:We did. Though cut our asking price to being ahead of the market as we were tired of trying to move for so long. Our buyers had a low, already approved mortgage, our sellers were wanting to get a move on too and everything fell into place. No problems with the valuation either. We also, completely unawares, managed to do this at the time the pundits were saying, in hindisght, was the best time to sell/buy: February 2009. We still can't beleive our luck.
Originally posted by Tiny
Anyone out there actually managed to buy a house and move in the last few months?
quote:Seconded. Particularly on the 'Character properties'. Rightmove has a number of 2/3 bed properties within the budgets mentioned elsewhere but they are either new builds or ex-local authority. I also noticed that 2 bed character properties have leapt up from their low a few months ago of c.£225k to c.£250k, or even one in Port Hill for (I think, from memory) c.£265k. I didn't look at the 4/5 bed houses, but, Harran, I'd love to sit down and pick your brains as to exactly what you're looking for because it's been absolutly ages since you started looking and I wonder what your expectations are.[:)][:)][:)]
Originally posted by Lovong Whale My concern is that a couple of posters on this forum seem to be waiting for the housing market in Hertford to collapse and the perfect house with 4 beds, a big garden and "character" going for a song and I just don't think it'll happen, those houses will always be in demand and will be the last to drop.
Reply ID 65970
Supply and demand - it'll either sell at that price because it's a lovely home with few competitive properties on the market, or it won't. If it sells, the price was right, maybe not from your perspective but certainly from the vendor's and estate agent's.
Reply ID 65974
There's not much on the market at the moment so prices are being driven up by lack of choice. My friend is looking in Ware for something similar and can't find anything. You might find that when you try to get a mortgage on it the valuation won't match the asking price and the sale will drop out - seems to be happening a lot. The banks are being very cautious with lending high percentage mortgages.
Reply ID 65976
quote:
Originally posted by Tiny
Agree with Harran again overpriced, and how come vendors in Hertford seem to think their houses are worth more in a recession than before? Anyone out there actually managed to buy a house and move in the last few months?
Reply ID 65977
quote:Managed to buy a 2 bed cottage in Bengeo in June, about to move in, and negotiated 20% off asking price. But do agree, demand is definitaly outstripping supply
Originally posted by jules101quote:
Originally posted by Tiny
Agree with Harran again overpriced, and how come vendors in Hertford seem to think their houses are worth more in a recession than before? Anyone out there actually managed to buy a house and move in the last few months?
Reply ID 65978
It's a tricky situation at the moment. We are getting our housed valued tomorrow with a view to putting it on the market soon (sooner if a house comes on the market in and around Elton Road) but currently there is nothing available to suit our requitements. We looked at a place in Wimbish at the weekend beautiful house but too remote for us.
Reply ID 65979
I guess the good schools are a major reason why house prices are so high. Those living in London often have poor state schools. While the financial climate has caused house prices to fall (and not before time!), it has also meant that people can't afford private schools. Therefore, they move out of London, to places like Hertford, which seem cheap in comparison. No consolation to those without a London home to sell, though. Jules, did you negotiate the 20% off after the survey?
Reply ID 65982
Thanks to all of you who post your experience of the local housing market, I always find your comments interesting to read, although I've no intention of moving. Fordwich Rise is of course only a few metres from Sele School, the least popular school in Hertford (I'm not saying it's the worst, it's just a fact that SB & RH are more oversubscribed). Yet family homes in Fordwich remain popular and overpriced, although surely you'd have a reduced chance of getting your kid into any other school than Sele if you lived there? On another thread, Shunt claims to have invented in the 1980s the 'sought after SG13' myth (I believe he is also responsible for Hertford's first manned space flight and finding the original copy of the Bible in a bin outside Halfords [;)]). Fordwich Rise, along with North Road and most of the town centre, is SG14. [:)]
Reply ID 65985
quote:Shunt used to live in SG14, not sure since he moved if he still does [:D]
Originally posted by Rachel
Thanks to all of you who post your experience of the local housing market, I always find your comments interesting to read, although I've no intention of moving. Fordwich Rise is of course only a few metres from Sele School, the least popular school in Hertford (I'm not saying it's the worst, it's just a fact that SB & RH are more oversubscribed). Yet family homes in Fordwich remain popular and overpriced, although surely you'd have a reduced chance of getting your kid into any other school than Sele if you lived there? On another thread, Shunt claims to have invented in the 1980s the 'sought after SG13' myth (I believe he is also responsible for Hertford's first manned space flight and finding the original copy of the Bible in a bin outside Halfords [;)]). Fordwich Rise, along with North Road and most of the town centre, is SG14. [:)]
Reply ID 65987
quote:Arghh I hate you! I hate you! [;)] Am finding the whole house buying experience not at all relaxing due to the lack of supply problems outlined above. (Have "sold" but can't find anywhere to go). Prices have shot up recently.
Originally posted by jules101
Managed to buy a 2 bed cottage in Bengeo in June, about to move in, and negotiated 20% off asking price. But do agree, demand is definitaly outstripping supply
Reply ID 65988
Newcomer we are in a similar situation. We want to move and that's why we are getting the house valued today but the area we are looking to move is limited in that no houses are currently on the market. Do we take a risk and sell up and rent until the property we want comes on the market? or do we stay put until we find the house we want? It's a catch 22 really as if we were to sell we'd be in a stronger position to move quickly when a house became available but the downside is we could be renting for sometime.
Reply ID 65990
bubbashea would be interesting to know your thoughts on the price of your property, the agents price expectation and how this compares to an online valuation website such as zoopla. Would you let us know? also what you selling, i'm sure someone on here might want it.
Reply ID 65994
Teddylad. We are/will be selling a 3 bed terrace cottage in Tower St. As it's not Duncombe Rd the price(s) are somewhat cheaper. Duncombe being the desirable place to live (so I'm told) in Bengeo although we want to move to Elton Road or Eleanor Rd. If anyone on here lives in those roads and wants to sell we'd be happy to work a deal without agents.. I've got to say looking at Zoopla sometime ago they valued the houses around us (Tower/Duncombe/Cross Rd) much cheaper that what they were selling for so I'm not sure I agree with that site. I guess people will pay what they feel is right for a property and not what a website states. I've got an idea of the current value our house so it will be interesting to see what the agents say. They are due round at 11am so will be ringing the wife at half past and will report back.
Reply ID 65996
These "recessions" are curious things, in that they are both caused and cured by attitude, like a stampede in a herd of cattle. News broadcasters all put signs in the studios proclaiming "Downturn" or "recession" and yet certain areas have seen just the opposite. I've seen the largest rise in the on paper value of my properties during the last year, because there is a shortage. The motor industry has crashed because of over production and were shored up only by massaging credit, yet curiously pleasure yachts have shot up in price during the same year, despite the price of marine diesel having doubled in the same period. Recessions are only times when poor business/political/public attitudes bubble to the surface and become visible. All this stuff was present in boom time too, just hidden by false optimism. As for the Fordwich Rise property, it is entirely possible to increase value by a disproportionate amount with an extension. People want different layouts than were wanted when those houses were built. The trick is to find one which has yet to have that alteration. It's entirely possible to make 100k or more with 40k of building and re-furbishment works. If there is a problem in the Hertford property market, it is that people expect houses to be cheaper, or massively discounted, despite there being no reason for them to be so.
Reply ID 65997
I hear all of the time that a house is only worth what somebody is prepared to pay &, although I agree to that in a certain degree, it stil does not make that 4 bed house in Fordwich Rise worth £675,000 IMO when I have friends who's houses on that same road (same size/bigger) paid a lot less than £500,000 at the peak of the market. We would like a 3 double bedroom house with off-street parking, preferably a 2nd reception room & a garden. We have offered on two houses but didn't get either b/c we could not match a chain free buyer & on the 2nd house our offer was too low & we can not go any higher. I do not think we are being picky at all & if anyone can find us a house within our £450,000-£500,000 budget then I will buy you a pint or two! There is just not enough supply but even taking that into consideration some house prices are far from realistic. We viewed a house in Elton Road that is on with Ensum Brown (now sold) & it already had an asking price offer on the table & we saw it on day 2 of it being on the market. It felt pokey. Good luck to everyone, it is such a demoralising situation to be in.
Reply ID 66001
quote:Yes, Ensum Brown were very generous with the room measurements & did not estinguish between min & max sizes! We didn't feel we were getting much more than what we have now in our 2 bed cottage.
Originally posted by codek2
that'd be this place then: http://tiny.cc/zKBLh
Reply ID 66002
Not waiting for the market to collapse at all. We just want a house we like, not one that 'will do' as after nearly a 2 hour commute its nice to come home and feel its all worth it and quarter of a million for a 2 bed house is quite an investment at the end of the day so it has to be close to what we want. Really glad some people found lovely homes it gives me hope that mine might be just round the corner.
Reply ID 66003
quote:What are your requirements, Tiny if you do not mind me asking? Our neighbours mentioned quite recently they are thinking of putting their house on the market - it is a 2 bedroom cottage very close to Hertford North.
Originally posted by Tiny
Not waiting for the market to collapse at all. We just want a house we like, not one that 'will do' as after nearly a 2 hour commute its nice to come home and feel its all worth it and quarter of a million for a 2 bed house is quite an investment at the end of the day so it has to be close to what we want. Really glad some people found lovely homes it gives me hope that mine might be just round the corner.
Reply ID 66004
The wish list: Somewhere to park the car without making me want to cry (wellington st. would make me worry about going out) 2 bedrooms, ideally the second large enough to fit 2 childrens beds in. A garden i can put a washing line in and grow some flowers Station close enough for early starts for me and v. late homecomings for him. Space to have both a sofa and a dinning room table. Ceilings high enough to fit v. tall family members in. Some character or charm to make me want to pay 3% stamp duty. So yeah pretty much near impossible. Ho hum.
Reply ID 66005
http://www.rightmove.co.uk/property-for-sale/property-26638778.html http://www.rightmove.co.uk/property-for-sale/property-26638778.html What about either of these? My wife feels the same way that you do re parking but we mainly park on Wellington Street w/o any problems. You will get more confident, my wife did :o)
Reply ID 66006
You would struggle to park at both of those places especially the first one! Although the basment/3rd bedroom is a nice addition. Also you would have to bear in mind the residents parking coming into effect soon
Reply ID 66007
quote:I live on Byde Street & have no trouble finding a place to park.
Originally posted by Gemma
You would struggle to park at both of those places especially the first one! Although the basment/3rd bedroom is a nice addition. Also you would have to bear in mind the residents parking coming into effect soon
Reply ID 66008
quote:That's what they said when I lived in the area, 20 years ago. "Very soon" sems a fairly flexible term. [:D]
Originally posted by Gemma
You would struggle to park at both of those places especially the first one! Although the basment/3rd bedroom is a nice addition. Also you would have to bear in mind the residents parking coming into effect soon
Reply ID 66010
quote:I'd say this is the peak in Hertford. All the recession talk has destroyed confidence. Less property is marketed, less is available. Hence demand in thi area is at an all time high. As an example, one of my properties, bought 18 months ago (at the supposed peak) is now valued (by a surveyor, not an agent) at 16% more than it was at time purchase for refurbishment cost of less than 2% of value.
Originally posted by Harran
I hear all of the time that a house is only worth what somebody is prepared to pay &, although I agree to that in a certain degree, it stil does not make that 4 bed house in Fordwich Rise worth £675,000 IMO when I have friends who's houses on that same road (same size/bigger) paid a lot less than £500,000 at the peak of the market. We would like a 3 double bedroom house with off-street parking, preferably a 2nd reception room & a garden. We have offered on two houses but didn't get either b/c we could not match a chain free buyer & on the 2nd house our offer was too low & we can not go any higher. I do not think we are being picky at all & if anyone can find us a house within our £450,000-£500,000 budget then I will buy you a pint or two! There is just not enough supply but even taking that into consideration some house prices are far from realistic. We viewed a house in Elton Road that is on with Ensum Brown (now sold) & it already had an asking price offer on the table & we saw it on day 2 of it being on the market. It felt pokey. Good luck to everyone, it is such a demoralising situation to be in.
Reply ID 66019
Thanks Harran. Been told by agents that offers are on the table on all of these already. Oh i think i forgot to add to my wish list a bathroom that you can access without having to go through a bedroom. I know i want it all!
Reply ID 66020
What's your budget Tiny? It's hard to find a place in Bengeo/Hertford that doesn't already have 10 people trying to purchase it also.
Reply ID 66021
250 ideally or 260 if we eat beans for the next 3 years.
Reply ID 66022
know how you feel Tiny...still looking ourselves.....ho hum....same wish list.... :-)
Reply ID 66027
quote:I went in to ask to view the Currie Street house and they said it had been sold! Not quite the same as offers on the table (and it's still on rightmove), god I hate estate agents (well not all of them [;)])
Originally posted by Tiny
Thanks Harran. Been told by agents that offers are on the table on all of these already.
Reply ID 66034
rightmove takes about 24 hours longer than the actual independent estate agent sites to take properties down or change their status.... I never use right move, I always go on the individual websites because by the time properties come onto right move, they've already received a lot of interest and viewings are booked in x
Reply ID 66035
Newcomer don't fret about Currie Street, hubby couldn't stand in the basement room. Plus it had the bathroom in the bedroom thing going on. Great buy if your having a Sarah Beeny moment though.
Reply ID 66037
How much was the Currie St property up for? It seems there are few houses up for sale in the 260 - 270 bracket which I guess is due to the stamp duty.
Reply ID 66041
I completely agree with you Harran about Fordwich Rise - think we've been looking for about as long as you have. All we want is a 3 bed house in Bengeo/Hertford for around £350k. Seems we're asking the impossible. We've been outbid twice and pipped to the post in that as soon as the house comes on it's supposedly sold the same day - madness in this "recession" and extremly annoying for us genuine buyers. (We're even in rented so should be in a good position). Get a feeling that some (not all of course) estate agents in Hertford are playing a bit of a game.
Reply ID 66043
quote:Sorry to hear you are having as rubbish a time as we are with this house buying business [:(] I spoke to the Estate Agent who we sold through & they think the Fordwich price is very optimistic - doubt it will sell for anywhere near that. Good luck with your search [:)]
Originally posted by newintown
I completely agree with you Harran about Fordwich Rise - think we've been looking for about as long as you have. All we want is a 3 bed house in Bengeo/Hertford for around £350k. Seems we're asking the impossible. We've been outbid twice and pipped to the post in that as soon as the house comes on it's supposedly sold the same day - madness in this "recession" and extremly annoying for us genuine buyers. (We're even in rented so should be in a good position). Get a feeling that some (not all of course) estate agents in Hertford are playing a bit of a game.
Reply ID 66044
I guess people try it on, because it looks better if it's been discounted, rather than putting it on for a realistic figure in the first place. Having said that, it'll probably be snapped up now just to confound me!
Reply ID 66055
Thanks Harran and good luck to everyone else who's having a rotten time as well. We had a nightmare selling and thought this would be the fun bit! I think that maybe there are a lot of others in rented accommodation, looking to buy and maybe panicking a bit about prices going up. Estate Agents in Hertford are definitely taking advantage of that. I went to view a house that had come onto an agent's website that morning - as I was looking around at 10.30 am, the agent phoned the seller to say they'd had an offer from someone who hadn't seen it yet for the asking price?! Just makes me want to give up [:(]
Reply ID 66056
quote:Exactly. If it's likely that a discount will be requested on a realistic price, some are factoring that discount in to get back to the proper value and still allow them to buy what they are moving to. Right now, even if people do find the right house, advertised at the right price they will still try to demand a discount, even though there is no sense at all in a town where property is scarce.
Originally posted by susan-w
I guess people try it on, because it looks better if it's been discounted, rather than putting it on for a realistic figure in the first place. Having said that, it'll probably be snapped up now just to confound me!
Reply ID 66057
quote:Sounds like a possible scam - how would one know the agent wasn't calling their office as a ruse to make you believe the asking price was being offered, in order to psychologically place pressure on you to act?
Originally posted by newintown
. . . I went to view a house that had come onto an agent's website that morning - as I was looking around at 10.30 am, the agent phoned the seller to say they'd had an offer from someone who hadn't seen it yet for the asking price?! . . .
Reply ID 66058
quote:Definitely sounds like someone pulling a fast one to me. Who showed you round? Who told you it was the agent on the phone and what the agent said?
Originally posted by Woodyquote:Sounds like a possible scam - how would one know the agent wasn't calling their office as a ruse to make you believe the asking price was being offered, in order to psychologically place pressure on you to act?
Originally posted by newintown
. . . I went to view a house that had come onto an agent's website that morning - as I was looking around at 10.30 am, the agent phoned the seller to say they'd had an offer from someone who hadn't seen it yet for the asking price?! . . .
Reply ID 66060
I agree it doesnt sound plausible - which house was it? is it marked as sold yet?
Reply ID 66061
Surely that must be a scam. (Although it might even be a tactic by a buyer. After all, you can always put an offer in, then go and see it later and reduce the offer.)
Reply ID 66069
quote:Or the vendor...
Originally posted by susan-w
Surely that must be a scam. (Although it might even be a tactic by a buyer. After all, you can always put an offer in, then go and see it later and reduce the offer.)
Reply ID 66071
Have to say that I just walked away completely disgusted - I was sure it was just a scam. It was the house in Woodlands Road on for around £250k and it did sell the same day (well according to Shepherds' website). Have to say that having bought and sold a few times, I'm now old enough to know (most of the time) when I'm being taken for a ride [:)]. Unfortunately, it seems that most of the agents in Hertford seem to use pretty dodgy tactics and as everyone on here has found, it's hard work getting to the truth. I realise that you have to play the game to a certain extent, but in this town it seems to have gone to a whole other level! Sorry guys, you can tell I'm bitter and twisted of Hertford - maybe I need to go on holiday and come back later [:)]
Reply ID 66073
I viewed Woodlands road the day it went on the market, was the first person to view it. It did actually sell the next day for the asking price, as we made an offer of 250k and were outbid xx
Reply ID 66075
But the buyer would have to pay higher stamp duty. I wonder whether they'll get to exchange, then the buyer'll offer a reduced price based on survey. Good luck with your purchasing.
Reply ID 66076
maybe they'll pay the extra for "fittings" and the house price will be under the threshold.
Reply ID 66080
Exactly, you can now pay up to £4,000 in 'fixtures and fittings' those light switches cost a fortune...
Reply ID 66081
The buyer could also pay the vendors fees to help keep it under the threshold
Reply ID 66115
not as easy as that, you have to prove the fixtures and fittings...our solicitor said they do get checked. Its such a shame that so many people need a 2 bed house near the station to live in that the prices are being pushed up and coupled with it being so hard to get a mortgage for a 2 bed over the stamp duty threshold that it makes for a tough, upsetting and stressful experience.
Reply ID 66122
I've noticed there's a couple of places in hertingfordbury that havent sold despite those in hertford selling in seconds. - i guess your right the station is a massive draw.
Reply ID 66127
quote:So, Has this house sold yet? ...
Originally posted by Harran
This house on Fordwich Rise was purchased on 5 May 2009 for £540,000 & is now back on the market for £675,000 http://details.vebra.com/property/1036/18810730 It appears to have had a one story extension (although am not certain), new kitchen/bathrooms installed & redecorated throughout - does anyone else think it does not merit an asking price of £675,000 or is it just me? [:p]
Reply ID 66136
According to Steven Oates' advertisement in the Mercury Property Pages there was an open day last Saturday (15th).
Reply ID 66137
I understand that one of the problems with Hertfingfordbury is that nearest the secondary school is deemed to be Sele.
Reply ID 66176
To reply to original message from Harran - have seen the house and it is certainly is beautifully done. Looking at previous sold prices in Fordwich on nethouseprices.com 2 houses same size (1 of which I viewed) went for £690,000 and £671,000 in 2007. Maybe it is not overpriced after all.
Reply ID 66178
quote:According to the [url="http://www.nationwide.co.uk/hpi/Default.asp"]Nationwide house price calculator[/url], if it went for £690,000 in Q4 2007 then it should be worth £583,651 in Q2 2009. Not sure how good a guide that is though!
Originally posted by old hertfordian
To reply to original message from Harran - have seen the house and it is certainly is beautifully done. Looking at previous sold prices in Fordwich on nethouseprices.com 2 houses same size (1 of which I viewed) went for £690,000 and £671,000 in 2007. Maybe it is not overpriced after all.
Reply ID 66180
quote:Not sure either, hertford doesn't seem to have followed the National trend- as we all know if we have been househunting lately! Be interesting to see what it goes for.
Originally posted by newcomerquote:According to the [url="http://www.nationwide.co.uk/hpi/Default.asp"]Nationwide house price calculator[/url], if it went for £690,000 in Q4 2007 then it should be worth £583,651 in Q2 2009. Not sure how good a guide that is though!
Originally posted by old hertfordian
To reply to original message from Harran - have seen the house and it is certainly is beautifully done. Looking at previous sold prices in Fordwich on nethouseprices.com 2 houses same size (1 of which I viewed) went for £690,000 and £671,000 in 2007. Maybe it is not overpriced after all.
Reply ID 66181
quote:The fact that it hasn't sold, suggests to me infact prices have dropped significantly in Hertford in accordance with the national trend. Maybe, as suggested, the vendors are just being greedy?
Originally posted by old hertfordianquote:Not sure either, hertford doesn't seem to have followed the National trend- as we all know if we have been househunting lately! Be interesting to see what it goes for.
Originally posted by newcomerquote:According to the [url="http://www.nationwide.co.uk/hpi/Default.asp"]Nationwide house price calculator[/url], if it went for £690,000 in Q4 2007 then it should be worth £583,651 in Q2 2009. Not sure how good a guide that is though!
Originally posted by old hertfordian
To reply to original message from Harran - have seen the house and it is certainly is beautifully done. Looking at previous sold prices in Fordwich on nethouseprices.com 2 houses same size (1 of which I viewed) went for £690,000 and £671,000 in 2007. Maybe it is not overpriced after all.
Reply ID 66184
eh? it's only been on the market for a couple of weeks? Even in a booming market houses at that price arnt guaranteed to sell straight away! Not that many people can afford 2/3 million! Given comments on here, it could be they've had offers. Plus that nationwide thing is misleading - we're halfway into q3, and we know prices have risen in q3 for sure, especially around here, so it'll be interesting to know what it says when they make q3 data available.
Reply ID 66185
quote:It's just the fact that in the boom periods 'open day' houses like this one were snapped up within 24 hours. The fact that it hasn't sold leads me to the conclusion that the house was either over-priced or people were put-off from making offers due to the publics' loathing of open days? ... either-way, the owners have shot themselves in the foot by over-estimating the market (i.e being too greedy)
Originally posted by codek2
eh? it's only been on the market for a couple of weeks? Even in a booming market houses at that price arnt guaranteed to sell straight away! Not that many people can afford 2/3 million! Given comments on here, it could be they've had offers. Plus that nationwide thing is misleading - we're halfway into q3, and we know prices have risen in q3 for sure, especially around here, so it'll be interesting to know what it says when they make q3 data available.
Reply ID 66186
i dont agree they've shot themselves in the foot; If someone wants the house they'll make an offer regardless of how far it is away from the asking price. Besides, the other side of it from a marketing point of view is that they can now drop it 50k, and say ooh, look 50k off. Finally it's clearly been done by a developer. It's not greed this price, it's simply business.
Reply ID 66187
well the fact is it hasn't sold .... doesn't sound like good business to me?
Reply ID 66191
as i said, houses like that dont always sell in 24hrs. boom or no boom. Even if you do sell you have to look at many months to complete. If you're so interested in it, make a cheeky offer.
Reply ID 66192
This is not a £2m+ house that takes a while to mkt etc to find the right buyers. This should sell quickly if priced correctly or close to correctly.. It is in an expensive price band but is also of a size and quality that is in short supply in Hertford too believe it or not.
Reply ID 66194
House are still selling, but more slowly than we've all become used to. As the key to getting things started is the bottom of the chain, the higher up the chain you are the slower the process to sell will be. The smaller - 2nd/3rd rung properties will sell faster as there's more competition for them. And shortage of a certain type of property will always, always put the price up.
Reply ID 66195
It's August - things are quiet everywhere. I reckon it will sell around the asking price.
Reply ID 66371
quote:sorry - haven't been on for a while - too much to do in the house. Yes, the 20 negotiation was after the survey.
Originally posted by susan-w
I guess the good schools are a major reason why house prices are so high. Those living in London often have poor state schools. While the financial climate has caused house prices to fall (and not before time!), it has also meant that people can't afford private schools. Therefore, they move out of London, to places like Hertford, which seem cheap in comparison. No consolation to those without a London home to sell, though. Jules, did you negotiate the 20% off after the survey?
Reply ID 66563
quote:I notice this house still hasn't sold? .. is this a good reflection of the local market at the moment? ..
Originally posted by jules101quote:sorry - haven't been on for a while - too much to do in the house. Yes, the 20 negotiation was after the survey.
Originally posted by susan-w
I guess the good schools are a major reason why house prices are so high. Those living in London often have poor state schools. While the financial climate has caused house prices to fall (and not before time!), it has also meant that people can't afford private schools. Therefore, they move out of London, to places like Hertford, which seem cheap in comparison. No consolation to those without a London home to sell, though. Jules, did you negotiate the 20% off after the survey?
Reply ID 66657
quote:In my opinion it is overpriced. Granted, I have not viewed the property but we all know that bigger houses are in short supply in Hertford so surely it would have been snapped up by now if it was priced correctly.
Originally posted by azzzaquote:I notice this house still hasn't sold? .. is this a good reflection of the local market at the moment? ..
Originally posted by jules101quote:sorry - haven't been on for a while - too much to do in the house. Yes, the 20 negotiation was after the survey.
Originally posted by susan-w
I guess the good schools are a major reason why house prices are so high. Those living in London often have poor state schools. While the financial climate has caused house prices to fall (and not before time!), it has also meant that people can't afford private schools. Therefore, they move out of London, to places like Hertford, which seem cheap in comparison. No consolation to those without a London home to sell, though. Jules, did you negotiate the 20% off after the survey?
Reply ID 66659
quote:Higher value properties do take longer to sell than those in the mid range. Not only are there fewer people who can afford them but the chain is longer. In the current environment, where chains are hard to assemble to a point that a buyer can make a credible offer, eight to ten months is not something for a seller to worry about, unless it's a distress sale. At £650 and above, I'd give it a year. Most of the delay is caused by people who, for some inexplicable reason, try to haggle in the fiercely contested 2-3 bed market and screw it up for everyone above and below them.
Originally posted by Harranquote:In my opinion it is overpriced. Granted, I have not viewed the property but we all know that bigger houses are in short supply in Hertford so surely it would have been snapped up by now if it was priced correctly.
Originally posted by azzzaquote:I notice this house still hasn't sold? .. is this a good reflection of the local market at the moment? ..
Originally posted by jules101quote:sorry - haven't been on for a while - too much to do in the house. Yes, the 20 negotiation was after the survey.
Originally posted by susan-w
I guess the good schools are a major reason why house prices are so high. Those living in London often have poor state schools. While the financial climate has caused house prices to fall (and not before time!), it has also meant that people can't afford private schools. Therefore, they move out of London, to places like Hertford, which seem cheap in comparison. No consolation to those without a London home to sell, though. Jules, did you negotiate the 20% off after the survey?
Reply ID 66669
why is it inexplicable to haggle ? .... surley that is the sensible thing to do in a depressed market? .. maybe if the sellers got real and didn't keep believing the agents hype and over priced properties, they may see the market moving again.
Reply ID 66670
Im in that market, I haggled, I reduced the price by £15k and moved in in 2 months. Silly me!
Reply ID 66671
quote:You rascal!
Originally posted by Victor Meldrew
Im in that market, I haggled, I reduced the price by £15k and moved in in 2 months. Silly me!
Reply ID 66672
quote:I've found some agents to be undervaluing to keep things moving in a market where a lot of people are p***ing about and pricing high because so many are haggling. The whole point is it's not a "depressed market", just a chaotic one because of that false impression. The market is slowed by that messing about, not a lack of desire to buy. Take a look at the posts on these threads and on others. More people desperately seeking homes than homes are for sale.
Originally posted by azzza
why is it inexplicable to haggle ? .... surley that is the sensible thing to do in a depressed market? .. maybe if the sellers got real and didn't keep believing the agents hype and over priced properties, they may see the market moving again.
Reply ID 66673
quote:I wonder if it would be more accurate to say "people desperately seeking homes at an affordable price than homes are for sale".
Originally posted by shunt
Take a look at the posts on these threads and on others. More people desperately seeking homes than homes are for sale.
Reply ID 66674
quote:It amounts to the same. Demand has a strong bearing on valuation. The problem is the impression that there are bargains to be had. That impression makes valuation increasingly hard as some sellers anticipate the demand for a discount, because some buyers expect a discount when there is no justification. Until buyers stop treating the housing market like a car boot sale, values will remain wildly inaccurate in both directions and we will not get a true impression of trends.
Originally posted by Stevequote:I wonder if it would be more accurate to say "people desperately seeking homes at an affordable price than homes are for sale".
Originally posted by shunt
Take a look at the posts on these threads and on others. More people desperately seeking homes than homes are for sale.
Reply ID 66679
Without buyers haggling, estate agents would be free to push prices up to even more ridiculous levels than they already are. They're not going to start setting prices at reasonable levels just because buyers stop haggling.
Reply ID 66680
quote:Estate agents do not determine house prices. Vendors and buyers do. the estate agent only estimates that activity. If anything fast turnover is worth more to an agent, but they are pressurised by sellers who will instruct whoever flatters their property most. The current problem is people who put in an offer to remove a property from the market, then modify that offer in the hope of ransoming the process which is already underway, by threatening the chain. This is dishonest and heartless scamming. Of course sellers react in the absence of legal redress. There is a growing blacklist though.
Originally posted by dennismoore
Without buyers haggling, estate agents would be free to push prices up to even more ridiculous levels than they already are. They're not going to start setting prices at reasonable levels just because buyers stop haggling.
Reply ID 66682
Haven't we had this discussion many times already?
Reply ID 66684
quote:Probably, or one very similar. All these property threads are very alike [:o)] I want a big yacht. Unfortunately they are all scandelously "over-priced" too.[;)]
Originally posted by Steve
Haven't we had this discussion many times already?
Reply ID 66690
quote:Please define what you mean by 'an affordable price'? Sellers want as much money as they can get, buyers want to spend as little as possible for as much as they can get. It comes down to living in a money-oriented society. Theoretically, if we were a family of 4 looking for a 3 bed house and could only afford £200k, that is what we would consider 'an affordable price'. Another aspect is that the approach of the buyers themselves. We don't live in a world of a lovely victorian houses effortlessly falling into this bracket anymore (possibly unless it's falling apart). Nor are all willing enough to consider/take the former local authority property despite the fact that it fits the bill and IS more affordable. My impression is that most of the posters who can't find anywhere to live/buy will ONLY consider victorian properties an not ex-local authority. Before the backlash begins, bear in mind that the post-war L.A houses are well-built, well proportioned, with decent size gardens, usually with character from their era, and not as crammed in as the 60's developments. You get more house/land for your money and these days your neighbours are highly unlikely to be renting from the council. What's wrong with living in them? There are some 'affordably priced' houses out there, they just don't fit into a particular perception of what a 'suitable' house is.
Originally posted by Steve
I wonder if it would be more accurate to say "people desperately seeking homes at an affordable price than homes are for sale".
Reply ID 66692
I agree Mr P. Although the ex LA properties may not look as pretty they were well built and well proportioned with families in mind. Houses on many modern estates are really squeezed in and offer less parking etc.
Reply ID 66693
Take into consideration that to go over the £250k stamp duty and get a mortgage in the current market means you need min of £60K in either equity or cash in bank to be able to. Most of us looking at 2 bedroom houses are couples with babies in our late 30's who missed out on the property boom as we were either at University or just didn't earn enough to get on the ladder sooner or afford more than a one bed flat at the time. One bed flats didn't increase much in value so this group don't have huge equity. Even the 2 bed ex LA houses in Hertford get snapped up within a few days as they are under the £250K bracket. We are not a delusional or greedy bunch at all just trying to balance being able to afford nursery fees, train fares and the mortgage and not getting into debt each month by buying what we all really need - a 3 bedroom house!
Reply ID 66702
quote:But you (understandably) want to live in Hertford like everyone else! and in choosing to do so you have to accept this is an area where demand/prices are mad! If an area is unaffordable to you surely you have to consider a more affordable area to live? My wife and I are considering that just now and whilst the areas we are looking at are more remote, we will get more for our money.
Originally posted by Tiny
Take into consideration that to go over the £250k stamp duty and get a mortgage in the current market means you need min of £60K in either equity or cash in bank to be able to. Most of us looking at 2 bedroom houses are couples with babies in our late 30's who missed out on the property boom as we were either at University or just didn't earn enough to get on the ladder sooner or afford more than a one bed flat at the time. One bed flats didn't increase much in value so this group don't have huge equity. Even the 2 bed ex LA houses in Hertford get snapped up within a few days as they are under the £250K bracket. We are not a delusional or greedy bunch at all just trying to balance being able to afford nursery fees, train fares and the mortgage and not getting into debt each month by buying what we all really need - a 3 bedroom house!
Reply ID 66704
quote:I'm not without understanding on that one, having started from scratch twice in Hertford. I suppose you face similar choices to those I had:- Compromise area to be able to afford immediately usable accomodation, or find a way round. That might mean all living in one room and driving a £150 van while you completely re-model an unsuitable house. It might mean cleaning offices before and after your normal job, then swapping with your partner while they do an evening bar job. It might mean never going on a holiday or having a meal out and buying all your clothes from Oxfam. It never was easy, but there's always Stevenage, where a four bed detached can be had for the same money. I chose to be in Hertford, but it took all of the above to do it.
Originally posted by Tiny
Take into consideration that to go over the £250k stamp duty and get a mortgage in the current market means you need min of £60K in either equity or cash in bank to be able to. Most of us looking at 2 bedroom houses are couples with babies in our late 30's who missed out on the property boom as we were either at University or just didn't earn enough to get on the ladder sooner or afford more than a one bed flat at the time. One bed flats didn't increase much in value so this group don't have huge equity. Even the 2 bed ex LA houses in Hertford get snapped up within a few days as they are under the £250K bracket. We are not a delusional or greedy bunch at all just trying to balance being able to afford nursery fees, train fares and the mortgage and not getting into debt each month by buying what we all really need - a 3 bedroom house!
Reply ID 66705
i thought you were describing Stevenage Shunt!!!! ;)
Reply ID 66707
quote:Maybe if you had haggled a bit, you would not have had to clean floors? ;)
Originally posted by shuntquote:I'm not without understanding on that one, having started from scratch twice in Hertford. I suppose you face similar choices to those I had:- Compromise area to be able to afford immediately usable accomodation, or find a way round. That might mean all living in one room and driving a £150 van while you completely re-model an unsuitable house. It might mean cleaning offices before and after your normal job, then swapping with your partner while they do an evening bar job. It might mean never going on a holiday or having a meal out and buying all your clothes from Oxfam. It never was easy, but there's always Stevenage, where a four bed detached can be had for the same money. I chose to be in Hertford, but it took all of the above to do it.
Originally posted by Tiny
Take into consideration that to go over the £250k stamp duty and get a mortgage in the current market means you need min of £60K in either equity or cash in bank to be able to. Most of us looking at 2 bedroom houses are couples with babies in our late 30's who missed out on the property boom as we were either at University or just didn't earn enough to get on the ladder sooner or afford more than a one bed flat at the time. One bed flats didn't increase much in value so this group don't have huge equity. Even the 2 bed ex LA houses in Hertford get snapped up within a few days as they are under the £250K bracket. We are not a delusional or greedy bunch at all just trying to balance being able to afford nursery fees, train fares and the mortgage and not getting into debt each month by buying what we all really need - a 3 bedroom house!
Reply ID 66708
quote:[:D] Oh, I'm all for an offer, fairly put, at the beginning of the proceedings. If it's not approved, that doesn't mean the house is overpriced. It's more likely to mean I'm under-funded. [:o)]
Originally posted by azzzaquote:Maybe if you had haggled a bit, you would not have had to clean floors? ;)
Originally posted by shuntquote:I'm not without understanding on that one, having started from scratch twice in Hertford. I suppose you face similar choices to those I had:- Compromise area to be able to afford immediately usable accomodation, or find a way round. That might mean all living in one room and driving a £150 van while you completely re-model an unsuitable house. It might mean cleaning offices before and after your normal job, then swapping with your partner while they do an evening bar job. It might mean never going on a holiday or having a meal out and buying all your clothes from Oxfam. It never was easy, but there's always Stevenage, where a four bed detached can be had for the same money. I chose to be in Hertford, but it took all of the above to do it.
Originally posted by Tiny
Take into consideration that to go over the £250k stamp duty and get a mortgage in the current market means you need min of £60K in either equity or cash in bank to be able to. Most of us looking at 2 bedroom houses are couples with babies in our late 30's who missed out on the property boom as we were either at University or just didn't earn enough to get on the ladder sooner or afford more than a one bed flat at the time. One bed flats didn't increase much in value so this group don't have huge equity. Even the 2 bed ex LA houses in Hertford get snapped up within a few days as they are under the £250K bracket. We are not a delusional or greedy bunch at all just trying to balance being able to afford nursery fees, train fares and the mortgage and not getting into debt each month by buying what we all really need - a 3 bedroom house!
Reply ID 66724
In reply to the comments from Mr P - we're not all looking for Victorian houses. In fact, we sold a Victorian converted flat earlier this year after having sunk most of our money into it to patch it up over the years - and would be more than happy with a 60s or 70s house, ex LA or not. These have proved to be just as elusive to obtain in Hertford at the moment. We were outbid on a 60s house on the "SG13 side" of Hertford a couple of months ago! In reply to Shunt - I've already been there as far as working two jobs and all hours to keep the roof over my head back in the early 90s and lost my little one bed flat anyway ... [:(] If that's what it takes to live in Hertford - I'll be moving to Stevenage, I'm too old to go through that again [:)]
Reply ID 66726
quote:Nope not us - we are looking at everything that could work for us, although I will admit that initially we were looking for an attractive property. There are many ugly (in our opinion) houses in Hertford but they are still well kept with tidy gardens & good sized rooms. What area of Hertford did you move to? On with the search.....
Originally posted by Mr P My impression is that most of the posters who can't find anywhere to live/buy will ONLY consider victorian properties an not ex-local authority.
Reply ID 66729
quote:It can be that way. I've had to bale out twice only to battle my way back later. I wish you every success. It is a very volatile market at the moment. It will settle eventually, though it will probably never be cheap.
Originally posted by newintown
In reply to the comments from Mr P - we're not all looking for Victorian houses. In fact, we sold a Victorian converted flat earlier this year after having sunk most of our money into it to patch it up over the years - and would be more than happy with a 60s or 70s house, ex LA or not. These have proved to be just as elusive to obtain in Hertford at the moment. We were outbid on a 60s house on the "SG13 side" of Hertford a couple of months ago! In reply to Shunt - I've already been there as far as working two jobs and all hours to keep the roof over my head back in the early 90s and lost my little one bed flat anyway ... [:(] If that's what it takes to live in Hertford - I'll be moving to Stevenage, I'm too old to go through that again [:)]
Reply ID 66761
quote:Hertford's nice but it's not that nice! I think I would rather live somewhere slightly less expensive (though would draw the line at Stevenage...) than never have a holiday or got out to dinner. Was it worth all the sacrifice?
Originally posted by shunt I suppose you face similar choices to those I had:- Compromise area to be able to afford immediately usable accomodation, or find a way round. That might mean all living in one room and driving a £150 van while you completely re-model an unsuitable house. It might mean cleaning offices before and after your normal job, then swapping with your partner while they do an evening bar job. It might mean never going on a holiday or having a meal out and buying all your clothes from Oxfam.
Reply ID 66776
quote:You can't be a mediocre performer in Hertford. It's succeed or bust. I've done both. Was Hertford worth it? Probably not[B)], but what the effort of staying here taught me about my talents and limitations, definitely was. So were the women who, by some miracle, wanted to live here with me at various points in that journey. Yeah, I know. True love will live in tent, but the reality is that women often come with children included (they seem to quite like them[?]) and Hertford, with it's good schools, Hartham, small scale community feel, is a fine place to teach a new generation. Good parenting and providing a role model is only half the battle. Peer group really matters. That is why it's expensive.
Originally posted by Jo Squote:Hertford's nice but it's not that nice! I think I would rather live somewhere slightly less expensive (though would draw the line at Stevenage...) than never have a holiday or got out to dinner. Was it worth all the sacrifice?
Originally posted by shunt I suppose you face similar choices to those I had:- Compromise area to be able to afford immediately usable accomodation, or find a way round. That might mean all living in one room and driving a £150 van while you completely re-model an unsuitable house. It might mean cleaning offices before and after your normal job, then swapping with your partner while they do an evening bar job. It might mean never going on a holiday or having a meal out and buying all your clothes from Oxfam.
Reply ID 66785
[/quote] It can be that way. I've had to bale out twice only to battle my way back later. I wish you every success. It is a very volatile market at the moment. It will settle eventually, though it will probably never be cheap. [/quote] Thanks for that - as you say, it's never easy and I'm not expecting it to be this time around either. Hertford is a good place to live and unfortunately, everyone else seems to know that as well! Good luck to everyone else trying to buy at the moment.
Reply ID 66854
Our friends looked at the house on Fordwich Rise and thought it was stunning but overpriced, especially when they discovered what the Vendors had paid for it in February this year. The Vendors either need to reduce the asking price or look at good offers.
Reply ID 66855
quote:They might well do that, but don't get too hung up on what it cost in February. A lot has changed since then and some values have soared, particularly on mid-large houses where there have been alteration and refurbs. Feb 08 to Feb 09 saw some amazing bargains in the over £400k price bracket as sellers panicked. Those who bought fixer uppers during that time have seen massive returns, sometimes ten times the cost of works! Adding what the last person bought it for and the cost of works, does not give you the value of the house.
Originally posted by Willow
Our friends looked at the house on Fordwich Rise and thought it was stunning but overpriced, especially when they discovered what the Vendors had paid for it in February this year. The Vendors either need to reduce the asking price or look at good offers.
Reply ID 66859
7 pages on and still no solution for anyone that wants the house. Is there something wrong with it?
Reply ID 66860
quote:Not that I can tell. It seems to be a well thought out job and just what the property needed to lift it above the average house in that area, most of which are pretty dull. It's just not in the price bracket that the bulk of house hunters can afford. It's likely to take a while to sell and might not quite make full asking because of that. Still a desirable property for someone.
Originally posted by James007
7 pages on and still no solution for anyone that wants the house. Is there something wrong with it?
Reply ID 66864
If you think it's overpriced - don't buy it. The end. Simples!!
Reply ID 66867
But every house in Hertford, in fact every house in the entire South East of England has been overpriced for at least the last decade.
Reply ID 66869
quote:Agreed. You might even extend that to include all of Britain.
Originally posted by dennismoore
But every house in Hertford, in fact every house in the entire South East of England has been overpriced for at least the last decade.
Reply ID 66966
it's hard to compare, but a 3 bedroom bungalow has just sold in hertingfordbury for 650k. It was in an poor state, and the only thing it had going for it was 3/4 of an acre of land. I could see that the house will be demolished and a new one built on the same plot, or if not, then seriously extended and refurbed. Compare that to this fordwich rise place, already completely refurbished, probably equally desirable location, bigger house, and you have to believe the price is in the right ball park.
Reply ID 66967
quote:Not quite so ... as the Hertingfordbury cottage was probably bought by a developer with the view of building two (or more) houses on the land ...
Originally posted by codek2
it's hard to compare, but a 3 bedroom bungalow has just sold in hertingfordbury for 650k. It was in an poor state, and the only thing it had going for it was 3/4 of an acre of land. I could see that the house will be demolished and a new one built on the same plot, or if not, then seriously extended and refurbed. Compare that to this fordwich rise place, already completely refurbished, probably equally desirable location, bigger house, and you have to believe the price is in the right ball park.
Reply ID 66968
I had a look at the Hertingfordbury place. It's in a protected area so you wouldn't be able to build 2 or 3 houses there and the agent was even dubious about building a full 2 story house there.
Reply ID 66969
quote:Wouldn't matter. 3/4 acre with any useable house on it is all it needs to be worth what it sold for and there's normally plenty of scope to remodel without totally rebuilding. Haven't seen the bungalow, but you could probably use the roof void, add gables to give 2-3 first floor bedrooms, without upsetting the conservation officer. Bungalows often have good sized footprint, but you could probably still add to that as long as the ridge stayed at the same height. You might even get a top hat if it was designed well.
Originally posted by carlos fandango
I had a look at the Hertingfordbury place. It's in a protected area so you wouldn't be able to build 2 or 3 houses there and the agent was even dubious about building a full 2 story house there.
Reply ID 66971
Place is designed a little like an aircraft hangar. There is no roof space, the slope you see outside is mirrored inside. Will be interesting to see how it changes. In the end we decided against bidding because of 2 or 3 factors to do with the surrounding area (noise, passing traffic etc etc.
Reply ID 66974
exactly, as i say, it's not a direct comparison, but it shows that prices are very very high for that type of house, of which fordwich rise is very similar.
Reply ID 66976
I have to say that, at this stage - 8 pages on - I am beginning to feel a bit sorry for the owner of the house on Fordwich Rise. I wonder if this very public debate on whether or not it is worth the asking price has delayed the sale?
Reply ID 66985
quote:Well, this debate wouldn't have occured if it had been priced reasonably.
Originally posted by newgirl
I have to say that, at this stage - 8 pages on - I am beginning to feel a bit sorry for the owner of the house on Fordwich Rise. I wonder if this very public debate on whether or not it is worth the asking price has delayed the sale?
Reply ID 66987
quote:Or if the people claiming it was could afford it. My own view is that such threads are mainly sour grapes
Originally posted by azzzaquote:Well, this debate wouldn't have occured if it had been priced reasonably.
Originally posted by newgirl
I have to say that, at this stage - 8 pages on - I am beginning to feel a bit sorry for the owner of the house on Fordwich Rise. I wonder if this very public debate on whether or not it is worth the asking price has delayed the sale?
Reply ID 66988
quote:Discussion about whether or not something is reasonable priced, in private or public, is part of market forces.
Originally posted by newgirl
I have to say that, at this stage - 8 pages on - I am beginning to feel a bit sorry for the owner of the house on Fordwich Rise. I wonder if this very public debate on whether or not it is worth the asking price has delayed the sale?
Reply ID 66999
quote:I disagree... it's about being realistic and challenging at the greedy.
Originally posted by shuntquote:Or if the people claiming it was could afford it. My own view is that such threads are mainly sour grapes
Originally posted by azzzaquote:Well, this debate wouldn't have occured if it had been priced reasonably.
Originally posted by newgirl
I have to say that, at this stage - 8 pages on - I am beginning to feel a bit sorry for the owner of the house on Fordwich Rise. I wonder if this very public debate on whether or not it is worth the asking price has delayed the sale?
Reply ID 67000
surely whenever you sell something be it house, car or bric a brac, the aim is to get as much as you can. Its up to someone buying to decide whether its worth it or not. As I've always been told, Somethings worth what someone else is willing to pay for it. If they get that amount then good on them.
Reply ID 67002
quote:And if they don't? If they have to drop the asking price, then it's not worth what they thought it was. I was always taught that greed was a bad thing.
Originally posted by mjgame
If they get that amount then good on them.
Reply ID 67004
Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, love, knowledge -- has marked the upward surge of mankind.
Reply ID 67007
quote:That's also true and they may well do that, but at the moment, that's the opening price. I looked at a very cramped, badly designed original which was in need of total refurbishment or demolition. I'd say this one's about right as a starting price, knowing what that sold for. In their raw form these properties have nice gardens, but little else to recommend them. Not everybody wants to, or is able to live in a building site to remodel and though not my cup of tea, for some, this is a premium area. "Greed" is not really appropriate. It implies excessive consumption at the expense of others. A private house sale is too voluntary a transaction to be classified as such. The purchase of council houses, or public utilities was fuelled by greed. A person offering an item of their own property for sale is not. In simple terms, I have an old Jaguar car. On paper it's not worth much, but I know it to be an exceptional example. If I advertise it at what it's worth as a useful vehicle, rather than the book price for that age and model, I may not sell it easily, but it doesn't make me greedy, or the price unfair.
Originally posted by Stevequote:And if they don't? If they have to drop the asking price, then it's not worth what they thought it was. I was always taught that greed was a bad thing.
Originally posted by mjgame
If they get that amount then good on them.
Reply ID 67015
quote:Have you been watching Wall Street and talking on your big mobile phone?! Gordon Gecko here we come [:D]
Originally posted by Frenchie
Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, love, knowledge -- has marked the upward surge of mankind.
Reply ID 67071
quote:But if they started at a lower price and got it straight away then maybe they have lost some money ? I wouldn't call it greed, looking after your interests. No more than asking for a pay rise.
Originally posted by Stevequote:And if they don't? If they have to drop the asking price, then it's not worth what they thought it was. I was always taught that greed was a bad thing.
Originally posted by mjgame
If they get that amount then good on them.
Reply ID 67559
quote:It's still for sale
Originally posted by mjgamequote:But if they started at a lower price and got it straight away then maybe they have lost some money ? I wouldn't call it greed, looking after your interests. No more than asking for a pay rise.
Originally posted by Stevequote:And if they don't? If they have to drop the asking price, then it's not worth what they thought it was. I was always taught that greed was a bad thing.
Originally posted by mjgame
If they get that amount then good on them.
Reply ID 68368
Shepahers have SOLD stc on their website....well done to the owners.....