The property is well positioned for access to the A3 that runs between London and Portsmouth, while the village offers a good range of lo... £ 399, 995 21 Map.. * Fry & Kent has pleasure in mar...
Still feels risky - I think the big London price crash is coming. (C) Forget about property for now, consider the inheritance my pension, invest it wisely, and carry on as I am. I humbly ask if you kind Reddit PF'ers feel like I'm on the right track with my reading of the situation? Any advice/feedback/comments would be greatly appreciated as I feel under a huge amount of pressure to get this right - don't want to end up bankrupt or waste the opportunity here. Thankyou!
This is an assumption in the US. Did I misunderstand? Sorry for the long post. I've searched online but find lots of contradicting information. Any help would be greatly appreciated.
In Brighton, for example, it seems like you need a different estate agent for different neighborhoods. Even within the same agency they didn't seem to refer. Everything following making an offer is done by yourself. How do you use them to effect? From what I understand the buyer or seller can "back out" at any time (this must make buying or selling here a very anxiety-inducing experience). One agent said 30% of agreed sales don't complete. I understand that you must hire a solicitor. Do you do this before or after you start searching for a property? When or how do you get an inspection/survey? With an agreed sale the listing seems to stay on the internet but then denoted combination of letters that mean, amongst others, "Offers In Excess Of". So this means while the chain is resolved someone can still outbid you? Is this something you can negotiate? "If you accept my offer the listing is pulled"? What do you get with the house. I believe an agent told me that things like kitchen appliances and lighting fixtures aren't part of the deal?
I have alerts setup for property in London and occasionally get emails from Zoopla telling me a flat in Knightsbridge or Belgravia is up for sale, for a stupidly low price. For example this one. The lease only has 2 years left on it. And it was only 20 years in the first place. What I dont get it, is how does this work? If there really is only 2 years left on the lease and its not extendable, then why would you even pay £330, 000 for it? (Presumably more as its the starting auction price). If it is easily or even possible to extend it, then why would everyone not want to buy it and why wouldn't it be at a normal price? I. e. £2-3m? Anyone know (or care)?
Sales of property in London remain 24. 8% lower than the week ending 8 March, just before the coronavirus lockdown, even though the market has been open for four weeks. Sales in the northwest are now just 0. 9% below their pre-lockdown level, said the property website, with sales in the southwest running at just 1. 7% down. Rival property website Rightmove last month reported a big spike in searches for homes in the countryside with good transport links and "out of city" locations – ranging from English market towns to Scottish fishing villages – where people could split their working week between home and office once life starts to return to normal. The scale of the bounce-back in demand is "unprecedented'" said Zoopla. "New sales agreed have rebounded and are just 12% short of the levels seen in early March as buyers return to the market and agree to new purchases; we have seen the number of new sales agreed rise by 137% since the market reopened, " said Zoopla. Scottish and Welsh markets remain frozen, with the next lockdown review in Scotland due on 18 June and Wales the following day.