Cool

You can buy me a thai bride while you are on holiday now with the money you saved then, after talkin to Lou last night, they certainly sound ideal

 

i would of rather had the extra 30k and paid 8k

 

Yeah so you've lost £30k worth of house value and you've saved £5900 but you think this is good?

Hmmmm

 

only the purchaser pays stamp duty not the vendor

 

just gonna say that,so its a very tidy saving if he thought 280k.

 

very nice for ya!

 

so you got it for less than 250k ?

 

Yes i'm well aware but that still doesn't ditract from the fact that the house is worth 30k less?

 

why would that be a problem if you are buying?

 

still better to pay 250 than 280,

 

buyers market!

 

bit more money towards the escort

 

as long as you can benifit from the price drops of the housing market then you are on to a winner

and you won't be turing into a property millionare in the current climate so well done

 

Now this has totally confused me.

Wouldnt it have been better if it would have been valued at £280k as you thought it would be though.

 

It wouldn't?

 

property is a long term investment not short, time it right and you are quids in,time it wrong and you are fooked lol
buy when low sell when high, the problem is if you sell on a high you have nowhere to live
if you sell and buy on a high you have made nothing, more likely lost with the price of stamp duty estate agents fees legal fees etc etc etc golden brown is the only winner

 

because theyre buying the house not selling it?

 

no they have bought a house that was originally valued at £280k BUT as time has progressed they have managed to get the same house for £250k

 

Telling me if im feeling alittle thick here but has stamp duty rate changed in the last year or two? im sure i only paid 1800 on a 180k house?

Crowds.

 

ps u buying ur house of the council or something if your getting it cheaper than market val?

 

correct

 

even better!!

 

yes so basically as it seams ppl find it hard to grasp

its worth lets say 200 skiptys

they thought it was 250 skiptys

anything over 230 skiptys and brown takes more

it dont matter there only paying 100 skiptys its what the place is worth




so they have saved money LOL

 

im confused, whats a skipty

 

ive just bought a house for 215, one week before i bought it, it was aggred sale at 250 but bottom of the chain fell out and last year the same sort of house 8 doors away from the one im buying sold for 315

 

half a flip flop

 

yeah and it will be worth less again next year if the market keeps going the way it is

 

result more spending money for helen's holiday cocktails you can get yourselves a ladyboy to share for a couple of nights as well, they have something for everyone

 

the price you pay is market price

 

there is a very good con that happens in some similar circumstances, but it's mainly people who buy new developments as flats who suffer

the properties are "vauled" higher by 10-20%
the peole flogging them then say that they will pay the stamp duty and/or a 10-15% deposit on your property as an incentive

you then go to the bank and say "i've got a property worth (for example and to make the numbers easy) £100,000 and i need an 85% mortgage" because the seller is paying your 15% deposit

when you actually buy the property and move in and ask around, the "real value" is actually £60k and your wonderful price has now got you into a shit load of trouble

the way they get around it is that they sell the property for the full price as reported to the land regestry peole, so that makes it "legal" for the £100k price tag and the explosion of prices continues in that development

as the person who's been screwed the only thing you can do to generate a garanteed income on the property is rent it out, but because you can only rent it out at it's vaule of £60k you get scummy tenants and the whole development drops vaule even more

the only ones who have made any money are the developers who are crafty fuckers at the best of times