General Discussion: Property thread


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Rirawin
Rirawin avatar

9650 posts since 17/7/05

posted 11 Sep 2018 17:30, edited 11 Sep 2018 17:30
Put an offer in for a property (the only one out of 23 the wife and I have seen and both like) at the guide price, and was outbid by a "significantly higher than guide price bid" - apparently it took the Estate Agent by surprise.

Even at the guide price we knew it wasn't worth that much. However, because we both liked it we thought we'd be happy to offer the guide price amount. We decided to walk away in the end as we didn't want to enter a bidding war.

Back to the drawing board.

Also made the mistake of doing the whole "moving in" in my head after making the offer Cry
swede
swede avatar

10512 posts since 21/3/09

11 Sep 2018 17:32
rich

Mookie_blaylock
Mookie_blaylock avatar

1685 posts since 19/7/06

11 Sep 2018 19:05
Trent wrote: Anyone friends or family bought a place in Turkey?

I've seen some outrageously nice places for not much at all 150-180k which probably has a lot to do with the plummet on their currency (and not in Euro, politics etc)

I would personally hold off for now. They are just at the start of their recession and property crash is inevitable. I would not be surprised if the price drops 15-20% in the next 6 months.
MLI
MLI avatar

5173 posts since 6/10/09

posted 11 Sep 2018 21:54, edited 11 Sep 2018 21:54
Key to property ownership:

Be a man in a studio apartment in Stussy and blazers who works in a sneaker store. tick.

Spend all your money on clothes. tick

Become a stylist and buy an innner london house, do a full reno and deck it out in the set from Sprockets all within a year. Get everything custom done from the kitchen to the back fence. tick

Build a chair for fun. tick.

You're now a successful property owner with no help from parents. Well done motherfucker.
rural
rural avatar

17893 posts since 26/9/06

11 Sep 2018 22:42
Spicy
Crackajack
Crackajack avatar

8200 posts since 21/4/05

12 Sep 2018 08:25
Laughing out loud
quest
quest avatar

3793 posts since 11/7/11

12 Sep 2018 10:12
Laughing out loud
Brian Damage
Brian Damage avatar

8035 posts since 21/10/03

12 Sep 2018 12:03
Laughing out loud
Hello World
Hello World avatar

12174 posts since 7/3/05

12 Sep 2018 12:06
Rirawin wrote: Put an offer in for a property (the only one out of 23 the wife and I have seen and both like) at the guide price, and was outbid by a "significantly higher than guide price bid" - apparently it took the Estate Agent by surprise.

Even at the guide price we knew it wasn't worth that much. However, because we both liked it we thought we'd be happy to offer the guide price amount. We decided to walk away in the end as we didn't want to enter a bidding war.

Back to the drawing board.

Also made the mistake of doing the whole "moving in" in my head after making the offer Cry

Sorry mate. Bath is its own bubble, its on the international radar so prices are already too high, limited quantity of stock and the new builds are just a license to print cash.
Rirawin
Rirawin avatar

9650 posts since 17/7/05

12 Sep 2018 13:05
Got competition from Londoners too Sad
swede
swede avatar

10512 posts since 21/3/09

12 Sep 2018 13:29
once the line is electrified, bath and bristol prices going to shoot up even further too
chinaski
chinaski avatar

357 posts since 15/7/10

12 Sep 2018 16:36
Should I wait until after brexit before deciding to buy at £300k flat in tottenham? Or is the whole brexit / property thing a myth?
Superprecise
Superprecise avatar

2217 posts since 16/7/11

12 Sep 2018 17:15
No one actually knows but most of it is to do with confidence in the economy, so probably not ideal right now because shit is going to be bleak.
Hello World
Hello World avatar

12174 posts since 7/3/05

posted 12 Sep 2018 17:30, edited 12 Sep 2018 17:30
swede wrote: once the line is electrified, bath and bristol prices going to shoot up even further too
True, I have travelled up by train to London from Bath quite a bit recently and it is always rammed from 6:30am to commute to London on the off peak.

Total madness. People keep the job and move to the country.
toiler
toiler avatar

175 posts since 4/5/09

29 Oct 2018 17:52
Anyone here an estate agent? Or can offer any advice, I’m currently going through an absolute nightmare with some that I’m buying through..
stoney
stoney avatar

17816 posts since 22/1/05

29 Oct 2018 18:04
I’m a surveyor, drop me a pm
Rirawin
Rirawin avatar

9650 posts since 17/7/05

posted 15 Dec 2018 16:29, edited 15 Dec 2018 16:29
Found a couple of properties we finally like the look of. Proper bubble boy question incoming… both properties need modernisation throughout, kitchen, wall knock through with one of them, bathrooms, ceilings, walls and flooring. Is it reasonable/okay to arrange a second viewing with a builder present to get an approximate cost of the work required? Also from a builder's POV, would they be cool with that even if we may not go with them for the job? Not a builder, nor a vendor or estate agent so got no clue Laughing out loud

Also both are 1980s properties, anything to be mindful of?
Brad
Brad avatar

5025 posts since 20/6/01

15 Dec 2018 16:54
Yes, go for 2nd viewing with builder - firstly it'll get the estate agent on the back foot and all the builders I know (my late dad included) will not usually pass up the opportunity to give a quote.

Re. 1980s - I'd look at roof and plumbing personally.

Flat or house?
Rirawin
Rirawin avatar

9650 posts since 17/7/05

15 Dec 2018 17:15
Cheers! Both are 1980s mid terraces - one of them was built in 1987. I read that with 1980s I need to check if the external walls have cavity insulation and that generally the soundproofing between 1980s terrace houses aren't as good as say pre-war built ones?
Brad
Brad avatar

5025 posts since 20/6/01

15 Dec 2018 17:36
You may well already have done, but if not, really scope out the 'hood - talk to the neighbours and local shops etc. Even spend a few hours stalking the place!

Soundproofing and insulation - stoney is your man, but I know people if need be Smiling