It's been a while! 6 weeks in fact since my previous post which I think is a record for this blog. I've been quiet as there's been very little around that seems worth passing on - and I know from conversations with other agents that an increasing amount of properties are selling without advertising, particularly at the lower end of the market.
We're also seeing some silly advertising prices. There's a block of flats in town - all identical - they sell for £125,000 to £130,000 depending how lucky you get. One was advertised a couple of weeks ago at £180,000 (a purple one) - which is a classic example of why if you instruct an agent who takes their fee off you up front, they really don't care if they sell the damn thing or not. They've been paid - it can sit on the market for 5 years for all they care.
There is the odd gem though.
http://www.rightmove.co.uk/property-for-sale/property-54425760.html
This was advertised earlier in the week and is good value at £125k it's probably a bit of a wreck but these sell for £150k in tip top order and they don't cost anything like £25k to completely refurbish. It would rent for £700. I suspect I've been too slow with this and that it's gone already, but if you're interested you can contact the agent to find out.
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There is the odd gem though.
http://www.rightmove.co.uk/property-for-sale/property-54425760.html
This was advertised earlier in the week and is good value at £125k it's probably a bit of a wreck but these sell for £150k in tip top order and they don't cost anything like £25k to completely refurbish. It would rent for £700. I suspect I've been too slow with this and that it's gone already, but if you're interested you can contact the agent to find out.
TO UNSUBSCRIBE CLICK HERE
