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Re: Understanding the market in hertford

Posted: Thu 26 Feb, 2015 10:15 am
by codek2
Thanks, yes seems to be the case. I had friends who got outbid several times and gave up and went to watton. I guess when the time comes to make a bid strategy is going to be key. and paying over the odds :(

Re: Understanding the market in hertford

Posted: Thu 26 Feb, 2015 12:57 pm
by Kateg28
My next door neighbour sold for over the asking price and ended up in a bidding war. They actually didn't go for the highest bidder as were concerned about their financial position and potential to muck things up and slow things down.

They went for the highest bid from the subsection of the people they liked (which was a pretty intangible thing but did include the ability to move forward and not mess it all around). After watching this, when we do sell in several years time, I will consider selling and moving into rented accommodation whilst buying the next house just to break the chain and make myself more attractive as a buyer.

Re: Understanding the market in hertford

Posted: Thu 26 Feb, 2015 2:24 pm
by codek2
Yup, we'll be chain free with luck so hopefully we'll stand a good chance.

Re: Understanding the market in hertford

Posted: Mon 02 Mar, 2015 9:57 am
by codek2
OK another day and another house..

http://www.rightmove.co.uk/property-for ... 97139.html

So this one is a "cheap" as the foxholes one, yet is much better built, and is in a nicer location. Still a longer walk to say simom balle school, but you do get in from there. And it's a nicer walk into town.

So presumably it floods? Is that why it seems cheap? looks like a lovely cul-de-sac though

Re: Understanding the market in hertford

Posted: Fri 06 Mar, 2015 6:20 pm
by VC10
We lived in Cedar close (which is next to Grange Close) for about 10 years. It never flooded in even the worst years. The smaller houses over the bridge are more likely to flood as they are next to the river rather than the mill stream. Yes it's very handy area for getting into town but it's in the catchment for Sele School which is not as well regarded as Simon Ball.

Re: Understanding the market in hertford

Posted: Sat 07 Mar, 2015 12:18 pm
by codek2
ah, so it's the school thing again then. Good to know it doesnt flood!

Re: Understanding the market in hertford

Posted: Mon 16 Mar, 2015 11:16 am
by codek2
Interestingly the first sale of the house on mangrove road fell through and it's now back on the market for 10k less. Not sure a 1% discount is going to attract that many new people though!

I'm sure it'll "sell" straight away again though.

and for fun this has just appeared:

http://www.rightmove.co.uk/property-for ... 72637.html

What a cool house!

Re: Understanding the market in hertford

Posted: Mon 16 Mar, 2015 11:38 am
by Golden
Its a very nice house and was designed by its owner I believe - some good retro features if you like 60s design too!!

Re: Understanding the market in hertford

Posted: Tue 17 Mar, 2015 2:23 pm
by bubbaoshea
I am really struggling to understand the market as well. How can a house in Nelson St be worth over £500k. I'm now thinking of getting my house valued as it seems to be silly season.

http://www.rightmove.co.uk/property-for ... 85618.html

http://www.rightmove.co.uk/property-for-sale/property-51185618.html

Re: Understanding the market in hertford

Posted: Tue 17 Mar, 2015 4:37 pm
by codek2
And also, why would you list a house at 510k? It's like they're asking for 490 really :)

Definitely does seem that the market has gone a bit bonkers - there's no lack of stock now though, and the are selling, so yeah, if you want to solidify your gains now is a good time to sell!