2020-12-12

Week 4

Bugger all!

Buyers survey on their new place done, but no idea what happened. I suppose no news is good news.

Everyone waiting for searches still.

Arrrrg! Why?!

Really, why is this not all on-line and why is this not all done or held by a trusted third party before putting the house on the market.

7 comments:

  1. Possibly because increasing efficiency would destroy the raison d'etre of a whole industry of parasites, sorry, property lawyers and estate agents. (Who are of no use at all when, say, a charge on the property causes trouble for the seller because someone else not a party to the transaction is failing to do something he's legally mandated to do in anything resembling reasonable time. Six effing months it took that idiot to sign a simple piece of paper.)

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  2. Business opportunity for a disruptor play?

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  3. Really why don't Estate Agents actually buy the houses they sell a bit like car dealers do. It would be in their interest to have a team of trusted builders/decorators on hand to put into properties where needed in same way they clean/valet and service 2nd hand cars.
    Yes i know there are dodgy car dealers but i'm sure it could be worked out.

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    Replies
    1. There are that do the "We buy any house" deal, but its below what its really worth

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  4. When we bought a new build property last year, we part exchanged our old house. A third party acting on behalf of the builders bought our old house and then listed and re-sold it. They actually made a loss, selling for £5000 less than they bought from us for, and that’s before counting all the legal and estate agent fees they would have had to pay.

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    Replies
    1. Overall they will still have made a profit as newbuild house prices are made up of roughly 33% materials+labour, 33% the land purchase and 33% profit.

      It's the same as car dealers. You *think* you got a great trade-in price for your old car. But every £500 increase on the trade-in offer is a £500 increase in the price of your new car.

      Delete

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