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Time to take house off of the market ?

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    Time to take house off of the market ?

    Had my house on the market for almost two years without a HIP(if marketed prior to July 2007 no HIP necessary) just to test the market and would only sell if a really good offer comes along. From Monday, any houses marketed without a HIP face a 200 pound fine by their local council and must fill in a PIQ (Property Information Questionnaire).

    This is a further nail in the coffin of the housing market for 2009, but should help to push prices up as fewer will be marketed. Roll on a Tory HMG and abolition of HIPS and all other associated red tape that Labour have lumbered the housing market with.

    #2
    Well, if you haven't sold it in 2 years you're not serious about selling anyway. Everything sells at the correct market price prevailing at the time of sale.

    Applies to tins of beans or houses just the same.
    Public Service Posting by the BBC - Bloggs Bulls**t Corp.
    Officially CUK certified - Thick as f**k.

    Comment


      #3
      Originally posted by Fred Bloggs View Post
      Well, if you haven't sold it in 2 years you're not serious about selling anyway. Everything sells at the correct market price prevailing at the time of sale.

      Applies to tins of beans or houses just the same.
      No, the problem here is that potential buyers fail to realise that Cyberman's house has not dropped in value

      Comment


        #4
        What bizarre thinking. You'll only be prepared to sell it for a value higher than market, ie you're wasting everyones time in this climate, and you believe that if people like you with higher than market expectations for their sale price take their properties off the market the prices will go up.

        Comment


          #5
          Originally posted by Cyberman View Post
          ...but should help to push prices up as fewer will be marketed.
          How so? If someone markets their flat above the kebab shop in Peckham for £10m and then takes it off the market after two years, how would this push up prices for the other (reasonably priced) properties in the area?
          Cats are evil.

          Comment


            #6
            Originally posted by swamp View Post
            How so? If someone markets their flat above the kebab shop in Peckham for £10m and then takes it off the market after two years, how would this push up prices for the other (reasonably priced) properties in the area?


            Before HIPS came in Estate Agents were saying that this would remove 20% of houses from the market due to the fact that many people like myself market a house not necessarily expecting a sale, but just in case some fool comes along with pots of money to spend.

            If 20% of houses are removed from the market that does create a shortage and will certainly not push prices down. The bottom line though is that all this red tape is hurting the market and also Gordon's tax-take, but he is either too stubborn or thick to realise this.

            Comment


              #7
              Hundred of thousands of house sellers are in denial at the moment - all wanting 2007 boom prices during the biggest recession since the depression. I heard a chap on the radio yesterday say that another 37% fall in prices would happen and said that if you wanted to sell to market the house at 2010 prices.

              I think the HIPs are only valid for a year and alas, even if you had your house on the market prior to July 2007, you actually need one now. I could be wrong but it is worth double checking.

              Comment


                #8
                Originally posted by Cyberman View Post
                Had my house on the market for almost two years without a HIP(if marketed prior to July 2007 no HIP necessary) just to test the market and would only sell if a really good offer comes along. From Monday, any houses marketed without a HIP face a 200 pound fine by their local council and must fill in a PIQ (Property Information Questionnaire).

                This is a further nail in the coffin of the housing market for 2009, but should help to push prices up as fewer will be marketed. Roll on a Tory HMG and abolition of HIPS and all other associated red tape that Labour have lumbered the housing market with.
                Are you actually saying the credit crunch has finally caught up with Cybertoryshire?

                Comment


                  #9
                  Originally posted by BrilloPad View Post
                  Are you actually saying the credit crunch has finally caught up with Cybertoryshire?

                  No, but perhaps the HMG stealth tax of HIPS has.

                  Comment


                    #10
                    Originally posted by Cyberman View Post
                    No, but perhaps the HMG stealth tax of HIPS has.
                    So if not for HIPS the house value would have gone up?

                    Comment

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