I was thinking: Why is there so much difference between estate agent’s house prices and mortgage valuer’s ones?
Its because estate agents are ‘incentivised’ by getting paid a percentage and, the percentage is excessive for what they actually do.
This is always more noticeable in a property downturn because that is the time when the valuer’s pencils [...]
Archive for March, 2009
The FSA proposed loan-to-value and income multiplier restrictions.
I was following online postings about the way houses are bought and sold in England recently and was pretty aghast at the position a group of high-up estate agents were taking. I therefore wanted to share this with anyone interested in reading it.
In commenting on the recent [...]
Now is the time to get house prices ‘correct’ – to the market conditions.
Doing this will get the housing market moving again.
Who doesn’t want that, and why?
Those who advocate doing nothing except letting the marketeers (the estate agents) carry on psyching the market up, are going to cause a massive collapse in many markets – [...]
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