Housing market - credit crunch

[Life on easy street]

Originally Posted by kenpom

I have to say that the housing markets need to drop substantially. Houses are very very over priced and a lot of this is to do with greed and bloody awful banks handing money out hand over fist to any Tom Dick or Harry.
It's going to be a very hard and dark couple of years I think especially in the UK.
We are in NZ and trying to sell our house and have dropped over $60K off of our price to drum up some interest.
Have a look what you get for your money ove here in NZ

For Sale Trade Me Property & New Zealand Real Estate - Fabulous Family Home in Portobello - TradeMe.co.nz - New Zealand

Time to get real

Well said I totally agree.

[yorkshirepom]

Dont know where the 1000 quid flat fee comes from I sold my house for 160 k oct cheapest 1 .25 % dearest 3.5

Malx

[Pinhead]

I agree none of the estate agents in my area would even entertain a flat fee. Fortunately over the last couple of years all of their rates have dropped to 1.25%-1.0%

[immy21]

Pinhead wait till you sell in OZ then you will know how well off you have been with Estate Agents in the UK

[Pinhead]

I'm aware of the selling rates in Oz for EAs so yes I think UK rates are very good.
The plus side of Oz is that all EA are regulated and have to complete qualifications.

[beermeister]

Agree that Oz EA's charge about double that of UK EA's....but, the difference is like chalk and cheese. UK EA's wouldn't have a bloody clue how to sell a house - my previous EA was more interersted in the colour of her nails than selling my house.

[barab]

Originally Posted by beermeister

Agree that Oz EA's charge about double that of UK EA's....but, the difference is like chalk and cheese. UK EA's wouldn't have a bloody clue how to sell a house - my previous EA was more interersted in the colour of her nails than selling my house.

D you even know what Oz EA do ????? Nothing ...they are not double but 5 times what we paid and they do nothing for that money I have experiance of this.

[beermeister]

Originally Posted by barab

D you even know what Oz EA do ?????.

Sure do...sold 3 houses in Oz over the course of history, now onto 4th.

[beardy brood]

we've had the same worrys as you our house has dropped 15,000 since feb but the house prices in queensland are falling as well before april you could'nt find a house for less then 500,000 dollors in Narangba now there is quiet a lot under this they reckon they have come down by 6% so this will compensate for what we have lost on ours.
Narangba April 2009
Kerry, Adrian, Laura 17, Aiden 14, Caitlin 9

[the andrews]

well im sitting here and we have a viewing at 4pm, we just dropped our price by another ten grand yersterday , this makes 20 since march! the people have just been to take photo's for the rental company so its today or rent . our ea told us to drop by 20 grand this week, so total would be 30!! and be brave she said if you want a sale, it will get people thtough the door.... yikes were not that brave!! we are really going to strugle to get to oz as all our money is in bricks and shares and b$$$ger all doing for now, so good luck to all of you, thats if this viewer even turns up the one last week didn't even show!!