BritishGuy36

Sorry but you have no idea how many viewers or offers I've had, so you're not in a position to judge.

It's obvious that we aren't going to agree on this point so I propose we agree to disagree and get back to topic.

meauxna

We use 2 'market values' here: one on the tax rolls which splits out the value of the land and the value of the improvements (house) which they ironcially call Real Market Value and the Real Real Market Value, which is whatever the market will bear.
Since the taxman's valuation is much lower than reality, I wonder what happens if the market decays to the point that it *really* isn't 'real market value'. That doesn't really happen because the tax assessment is in line with some sort of reality-based formula.

BG's been caught in a bad spot.. I've got good friends in the same one. They purchased long enough ago that they will still make money, just not as much money as they would have 9 months ago. But, they, like BG, weren't ready to move at that point, so what can you do? It's a paper excercise ('value' that is) until the deal is done.. you don't *really* have equity til the check's in your pocket (or in the case of my bank these days, the folding money).

Giantaxe

From your very first post in this thread:

Fair enough.

BritishGuy36

My very first post in this thread was quite some time ago.

BritishGuy36

This is my point...those two statements are at odds.

If you got a 'discount'...it means you didn't pay the 'market value' - otherwise it's not a discount, is it?

Giantaxe

She means "discount" from the sale aka seller's "wishing" price. There's nothing at odds here. Sales prices are fiction until a sale is actually made.

Jerseygirl

I did pay the market price...the discount was on the over inflated selling price.

A couple of days before I got the keys they same agent put a nearby house on the market for 20 GBP more than mine...and it's a smaller house.

TruBrit

there is no such thing as a 'discount'.... as giantaxe says it was the vendors 'wishful thinking price'...property is only worth what someone will pay, period.

BritishGuy36

I can see we are going round in circles here.

Let's move on.

TruBrit

that's the story of BE...most topics have been covered many times before and we just go over and over and over, again and again and again

just let's hope you get your place sold once and for all!

Mallory

I would only call it a loss if you got less than you paid for it.

BritishGuy36

Dates have been suggested by the 'opposing' solicitor.....should be done and dusted in 2 weeks....hopefully....please....please....lol

BritishGuy36

Well it looks like it is going to happen this time.....got dates off the solicitor for exchange and completion next week.....buyer has a bankers draft ready for the deposit....

Of course it can still all go wrong but surely it can't happen twice at the last minute to such a lovable person as myself....

lansbury

That sounds about as safe a bet as you can make in these times. The bankers draft is a very promising sign.

BritishGuy36

Yeah I'm starting to do the small stuff....give notice on cellphone contracts and satellite subscriptions etc.....not booking flights till the solicitor gives me the nod, of course.

Another good thing is that I appear to have found flights for the day we want to travel for £375 each - whether they will still be there in a week is another question. If I check for the same flight at the same price a week earlier it is available so maybe we will get lucky and manage to book it next week before it fills up.