From: "Stickems." 
Newsgroups: uk.finance
Subject: Re: House prices about to rise?
Date: Thu, 12 Apr 2007 10:37:04 GMT

Sellers packs, sans the building surveyor's report, will be compulsory from 
June.


"spadger"  wrote in message 
news:ENnTh.5898$ne6.3511@fe1.news.blueyonder.co.uk...
| As far as I recall these packs aren't legal and binding and I for one wont
| be getting one if it isn't needed, however I feel that the estate agents
| will do these as part of there fee.  See your point though if they did
| enforce them and we had to pay then yes the market would have a lot less
| properties being put up! Demand would go even more wild.
| In fact I hope it happens, we could clean up selling one of our houses 
thats
| become a pain in the ****. : ))
| "Tumbleweed"  wrote in message
| news:586fddF2fl816U1@mid.individual.net...
| > What do you reckon? When these new seller packs become law, then
| > inevitably the number of houses on the market will decline (and abruptly
| > to start with). Supply and demand then kicks in....less houses, same
| > demand, prices rise?
| >
| > Whilst you can argue that the number of potential buyers will also 
decline
| > (eg each seller is also a buyer) , it seems to me this will not happen,
| > because of the 'tire kickers' who put their house on the market to see
| > what its worth. When they are gone (as a £450 fee for doing so will 
surely
| > remove 99% of them), the number of 'real' house buyers wont drop much,
| > since the tire kickers dont put offers in, hence dont affect selling
| > prices by making offers, only by lowering prices by creating an apparent
| > pool of extra houses for sale.
| >
| > [ BGB, buy NOW! ]
| >
| > Discuss :-)
| >
| > -- 
| > Tumbleweed
| >
| > email replies not necessary but to contact use;
| > tumbleweednews at hotmail dot com
| >
| >
|
|