LaurieLaurie
VIP Member
How much of their last renovation did they show? I cba following them if it’s the smallest hint here and there.
Our1930sFixerUpper
- Thread starter Lumpfish
- Start date
1
They did show quite a lot to be fair, you could definitely see a lot of the progress.
Hardknocklife
Member
I hope they do it sympathetically. The new place has so much character.
Be More Pacific
VIP Member
I'm sure the people who have bought their old home will feel overjoyed to know that they got mugged right off and paid £100,000 over what they should have realistically. Bet the estate agent was rubbing his greedy little hands too.
Unbelievable that they are openly bragging about this in a blog post. Can't help but feel thyr have not been really honest and they sold it purely for new content.
The new house is very similar to my partner's folks main home except they only have one bay window downstairs, not two, and more land at the back. Lots of work for Ian though. I'm sure Ross will just enjoy sitting on his arse being a right bitch as usual.
Unbelievable that they are openly bragging about this in a blog post. Can't help but feel thyr have not been really honest and they sold it purely for new content.
The new house is very similar to my partner's folks main home except they only have one bay window downstairs, not two, and more land at the back. Lots of work for Ian though. I'm sure Ross will just enjoy sitting on his arse being a right bitch as usual.
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LaurieLaurie
VIP Member
The thing with the old house is it’s their furniture and dressing that made it. Take all of that away and it’s worth the same as the neighbours imo.
More fool them for paying it I guess.
More fool them for paying it I guess.
Yes the garden looks so sad now they’ve taken all their plants and stuff away
Be More Pacific
VIP Member
Yeah, I undertand that. I'm sure we've all watched Location, Location, Location and I actually worked in the mortgage industry for 24 years.
But still, these people were relocating from the USA to the UK and got a bit stitched up by the sounds of it. Yes, they were very stupid to pay over the odds - maybe they didn't do much research, maybe they just really fell in the love with the house, who knows? - but the whole tone of that blog post feels like a massive "we got one over on the buyers and all our neighbours"
and that over the top sale price will now completely skew the selling prices in the area and, in particular, that road thus further adding fuel to an already ridiculous house price situation in this country.Had he said it was 100000 over asking price. I’ve missed that. Crazy amount of moneyYeah, I undertand that. I'm sure we've all watched Location, Location, Location and I actually worked in the mortgage industry for 24 years.
But still, these people were relocating from the USA to the UK and got a bit stitched up by the sounds of it. Yes, they were very stupid to pay over the odds - maybe they didn't do much research, maybe they just really fell in the love with the house, who knows? - but the whole tone of that blog post feels like a massive "we got one over on the buyers and all our neighbours"
Be More Pacific
VIP Member
No, they paid the asking price but the asking price was £100/110,000 over what three other estate agents had advised to market it at.
Allthatglitters666
Chatty Member
I guess they took a punt and it paid off for them. Would I have done the same.. Who knows.. not sure I would have the balls.
Love the new house. It will be a corker when done. How do people afford these houses and full extentions and refurbs. Blows my little mind!
Love the new house. It will be a corker when done. How do people afford these houses and full extentions and refurbs. Blows my little mind!
The whole process I thought was interesting when I read it. They basically had the house valued by 3 agents. Two valued it at similar prices (which happened to be the average in the area) and one listed it 100K above that.
Be More Pacific
VIP Member
It was four agents. Two came in at £475,000, one at £485,000 and then one at £585,000.
Hardknocklife
Member
maybe they sold it furnished as the old house won't suit some of the stuff?
No they definitely didn’t as they showed insta stories packing it up and sold the big dresser
Hardknocklife
Member
Oh I missed that It will be interesting to see what they do (Ian does) with this one, wonder if they will churn out the same style? There is some amazing Victorian Renos atm with so much style.
Marmaladeapricot
VIP Member
It’s quite common to have varying valuations. A lot of estate agents come in a bit lower to exceed expectations when it’s sold and some give a big valuation to try and secure the gig (Hamptons are notorious for this) I have always gone with the middle valuation when I’ve sold. And most properties where I live down south always go masses over the guide price, as it’s just a guide not the actual price. As someone said above, the house would be worth what someone is willing to pay
And if they got multiple offers then went to sealed bids, that always pushes up the price. I’ve not read the article so not sure if they did that?
Be More Pacific
VIP Member
It’s quite common to have varying valuations. A lot of estate agents come in a bit lower to exceed expectations when it’s sold and some give a big valuation to try and secure the gig (Hamptons are notorious for this) I have always gone with the middle valuation when I’ve sold. And most properties where I live down south always go masses over the guide price, as it’s just a guide not the actual price. As someone said above, the house would be worth what someone is willing to pay
Like I said, I worked in the mortgage industry for 24 years including eighteen months spent selling repossessions in the 1990's, during the recession, so please believe me when I say I know all about the games estate agents play. I also watched LLL for many years
Not now as everyone on there just seems to be a cunt these days including the presenters. And no, it did not go to sealed bids in their case - just a lady relocating from the USA to the UK.
I just didn't like the tone of the whole post. There was no need to go into all the details except to humble brag about how 'clever' they were for getting someone to pay a completely unrealistic and over the top price for what is a three bedroom semi. The world has gone fucking mad.
Hardknocklife
Member
Would the mortgage
Would the mortgage company not value it down? That usually happens on a normal sale, let alone a overpriced one.
Like I said, I worked in the mortgage industry for 24 years including eighteen months spent selling repossessions in the 1990's, during the recession, so please believe me when I say I know all about the games estate agents play. I also watched LLL for many years
And no, it did not go to sealed bids in their case - just a lady relocating from the USA to the UK.
I just didn't like the tone of the whole post. There was no need to go into all the details except to humble brag about how 'clever' they were for getting someone to pay a completely unrealistic and over the top price for what is a three bedroom semi. The world has gone fucking mad.
Would the mortgage company not value it down? That usually happens on a normal sale, let alone a overpriced one.
Be More Pacific
VIP Member
It would be the surveyor who provides the valuation figure that the lender would work on and you're right, it happens especially with new builds. I'm really surprised he/she didn't in this case given what appears to be the comparable evidence in the area.