House prices in Kent!

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croyde

Original Poster:

23,032 posts

231 months

Saturday 27th April
quotequote all
Was looking at a new build 3 bed near Staplehurst for a friend.

Guide price £400,000.

It was originally purchased when brand new in 2020 for £350,000.

Does that seem like a usual uptick in price in what I thought was a depressed market?

Seems like a good quick profit to me and all the best to them if they get it.

Just wondered if anyone on here had a good idea about the market in the area? Ta

croyde

Original Poster:

23,032 posts

231 months

Sunday 28th April
quotequote all
She's made a few offers starting from £370,000, all refused.

Now offered £400k but no word back. Guess they are confident of getting more.

croyde

Original Poster:

23,032 posts

231 months

Sunday 28th April
quotequote all
MYOB said:
croyde said:
She's made a few offers starting from £370,000, all refused.

Now offered £400k but no word back. Guess they are confident of getting more.
It will have no trouble selling and I wouldn’t be surprised if someone offered over the asking price.
After having a good look around online that is my thinking too but.....

They want to move out to rented accommodation as they want the process of selling, over asap and my friend is a cash buyer.

croyde

Original Poster:

23,032 posts

231 months

Sunday 28th April
quotequote all
Ken_Code said:
Actual cash, as in cleared funds sitting in his account, or what some people mean by the term nowadays which means using a mortgage but not having a house to sell?
Yep! cash after sale of their home.

I didn't know that cash could mean anything else, but I'm old biggrin

Actually! what am I talking about.

Couple made an offer on the house I'm selling back in November. Claimed they were cash buyers and wanted to be in by January.

We said no problem, can move out anytime.

It's now end of April and hopefully exchanging next week, but I'll believe that once it actually happens.

Turns out that they didn't even have a mortgage in agreement. Their first provider turned them down after months due to them being self employed. Second provider have just agreed and they also need to sell a flat but problems with the leasehold.

So the solicitors, estate agents and buyers all lied to us.

And now breath.....

So cash doesn't mean cash, you were correct smile


Edited by croyde on Sunday 28th April 11:48

croyde

Original Poster:

23,032 posts

231 months

Sunday 28th April
quotequote all
Boleros said:
Simpo Two said:
That's twice in two days I've seen the word 'uptick' on PH irked


Weird isn’t it? Whenever I see it I immediately think ‘increase.’
Funny as it's the first time I've ever used that word laugh

croyde

Original Poster:

23,032 posts

231 months

Sunday 28th April
quotequote all
MYOB said:
I believe the demand in this area is quite strong. As I mentioned, the whole region around this area is very desirable. I think the further south or east she is prepared to go, the cheaper it will be. It will depend on whether she needs easy access to London.
You've nailed it on the easy access to London which Headcorn, Staplehurst and Marden have.