Sold ok, but contract and everything signed snd money in bank? If so hope mine goes as fast we was always told 12 weeks.I've sold my last two in seven weeks.
Going to message you privatly quickly since you have sold a few houses.In fact, of all the houses I've sold (six before this one), none have taken twelve weeks. Don't forget also that I don't have the complication of buying, and neither does my purchaser have to sell, so a lot of potential complication is removed from the transaction.
Biggest potential problem is that he decides not to proceed, and then all bets are off!
Quick update. It went online late last night, and there are sixteen viewings booked in the next few days. Even allowing for the usual drop-out rate I've never seen anthing like that before.
Crazy market.
You know what, you might be right.Sounds like you’ve underpriced it.
Hmm, you're currently doing a fine advocacy for estate agents!The two on the street that low-ball offered me haven't booked viewings btw.
It'll never last!Hmm, you're currently doing a fine advocacy for estate agents!
Good news, we just had our survey done last week so we're at final stages now contracts being written upQuick update. It went online late last night, and there are sixteen viewings booked in the next few days. Even allowing for the usual drop-out rate I've never seen anthing like that before.
Crazy market.
Ha. I would but I'm suffering with the Tom and Dick chunderguts atm, so I'll pass.Good work mate, you've played this well. Must be a bit of relief that things are looking promising. Treat yourself to a beer, tell the missus that I said it would be ok.
I had the same problem. Took 18 months to find somewhere!When I was buying, there were houses coming on the market and then being sold within a couple of days.
Congratulations with the good position
Yes, I do wonder if there's a bit of that going on here.I had the same problem. Took 18 months to find somewhere!
Asked an estate agent and he said it’s buy to let snapping them up without a viewing. Easy for the estate agent as they’re sold without them doing any work but annoying when you can’t even get to view anywhere before it’s sold.
I had the same problem. Took 18 months to find somewhere!
Asked an estate agent and he said it’s buy to let snapping them up without a viewing. Easy for the estate agent as they’re sold without them doing any work but annoying when you can’t even get to view anywhere before it’s sold.
I was signed up to every estate agent and online service going and as soon as something came on the market I'd book the earliest possible viewing. The viewings would get cancelled as the property was already sold.Fucking buy to let market is a scourge on people trying to have their own house.
As it's a business proposition they can raise more finance and put in higher offers, which they then make back by charging higher rents, taking more money from the pocket of those having to rent and leaving them with less resources to be able to get a mortgage. And so the cycle continues.
Needs sorting out, but if you make it more expensive all that happens is the cost gets pushed onto the renters and they suffer even more. If you were to cap rents how much would it be and how would you enforce it?
I agree there's some truth in that, but not all landlords are the same.Fucking buy to let market is a scourge on people trying to have their own house.
As it's a business proposition they can raise more finance and put in higher offers, which they then make back by charging higher rents, taking more money from the pocket of those having to rent and leaving them with less resources to be able to get a mortgage. And so the cycle continues.
Needs sorting out, but if you make it more expensive all that happens is the cost gets pushed onto the renters and they suffer even more. If you were to cap rents how much would it be and how would you enforce it?
When I was buying, there were houses coming on the market and then being sold within a couple of days.
Congratulations with the good position
I agree there's some truth in that, but not all landlords are the same.
I used to have three buy-to-lets (only one now) and didn't put the rent up on any of them in all the time I had them, and no, they weren't overpriced to start with.
The one I still have, a very nice flat, is apparently undercharged by about £140 per month according to my agent, but I'm happy to have happy tenants.
We're not all avaricious bastards, fortunately.
Sorry but you are. You’re hoarding limited resources and extracting wealth from those less fortunate. That’s just capitalism, nothing personal.
Hes not hoarding resources though is he? ......if he boarded it up & left it vacant waiting for a price spiral then I'd agree.....but there will always be a need for a rental market.
Thats not to say the rules & mechanisms around the BTL market arent dogshite.....but thats part of a wider problem that succesive UK governments of both colours have refused to address, namely propping up a substantial part of the economy against an over-inflated housing market...
He is. There’s a housing shortage and people rent because they don’t have access to capital. He’s not doing it out of the goodness of his own heart he’s leveraging his capital to get someone poorer to create an asset for him.
I bet if his tenants had a deposit they wouldn’t be renting.
By the by, I’d probably do it too if I was fortunate to have been earning during the housing boom, but it’s rentier behaviour.
I agree there's some truth in that, but not all landlords are the same.
I used to have three buy-to-lets (only one now) and didn't put the rent up on any of them in all the time I had them, and no, they weren't overpriced to start with.
The one I still have, a very nice flat, is apparently undercharged by about £140 per month according to my agent, but I'm happy to have happy tenants.
We're not all avaricious bastards, fortunately.
Mate, you're very welcome and entitled to your opinion, and to a large extent I agree.Sorry but you are. You’re hoarding limited resources and extracting wealth from those less fortunate. That’s just capitalism, nothing personal.
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