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    Property prices.

    Posted by kobbalcp on 13/10/2024, 14:37:06

    Lady a couple of roads away has put her property on the market. A very nice detached chalet bungalow, four bedrooms, two bathrooms, well maintained with lovely gardens and a detached garage.

    She's been told the selling value of the property will be reduced because her late husband committed suicide a few years ago by hanging himself in the garage.

    Why on earth should that affect the selling price she can ask for the house ? It makes no logical sense.

    Any estate agents on here who can explain this ?

      Re: Property prices.

      Posted by Fife Hatter on 13/10/2024, 17:51:57, in reply to "Property prices."

      That's bollox, estate agent is at it, did a brief spell in estate agency in 80s and that advice has been delivered by a rip off arsehole. Wanker.

        Re: Property prices.

        Posted by Old lifer on 13/10/2024, 18:14:58, in reply to "Re: Property prices."

        You seem to like locks for a job

          Re: Property prices.

          Posted by Fife Hatter on 14/10/2024, 9:02:53, in reply to "Re: Property prices."

          There is that !!

          Re: Property prices.

          Posted by Not really on 13/10/2024, 18:14:28, in reply to "Re: Property prices."

          The poor fella was still hanging there..........it would get me to low ball her....

            Re: Property prices.

            Posted by Fife Hatter on 13/10/2024, 17:53:55, in reply to "Re: Property prices."

            Sorry, and...my uncle tragically killed himself in his garage in Leighton Buzzard in late 70s and no such advice given....boils my piss

            Re: Property prices.

            Posted by Ronnies Finger on 13/10/2024, 16:28:44, in reply to "Property prices."

            Why would the Estate Agent have to have known?
            That’s a very personal thing, nothing to do with the house.

              Re: Property prices.

              Posted by kobbalcp on 13/10/2024, 16:32:11, in reply to "Re: Property prices."

              Couldn't agree more RF, but I was told that by law it had to be made known to prospective buyers.

              No idea if that's right or not.

              Re: Property prices.

              Posted by Andy Cappuccino on 13/10/2024, 15:50:26, in reply to "Property prices."

              It must limit the market, not everyone would be happy to live in that house

                Re: Property prices.

                Posted by Brains on 13/10/2024, 14:57:43, in reply to "Property prices."

                Also see this re the recent floods

                Sold sign up
                Then up for sale

                Good day in here tubbies !

                  Re: Property prices.

                  Posted by Herts Hatter on 13/10/2024, 14:52:42, in reply to "Property prices."

                  Interesting point - I mean there are certain emotional things that can cause a problem for some people - e.g. I remember my parents did not buy a house next to a graveyard - so in the context of supply and demand it is reducing demand against similar properties. You or I may think it is irrational but irrespective of that if demand is down then the price will be lower than other wise.

                  And again if there are 2 perfect bungalows and one has a bad history then then the other one would be naturally preferable - logic is a small part of our behaviour if you had not noticed

                    Re: Property prices.

                    Posted by Dinner Rater on 13/10/2024, 14:54:25, in reply to "Re: Property prices."

                    But on what basis would it NEED to be declared?

                      Re: Property prices.

                      Posted by Herts Hatter on 13/10/2024, 14:58:04, in reply to "Re: Property prices."

                      That was not his question - he was asking (I assumed on the basis that it was known) if such an event would impact the value which I think it would. As to whether it HAD to be declared I guess that is a question for a legal person to answer

                        Re: Property prices.

                        Posted by Dinner Rater on 13/10/2024, 15:02:42, in reply to "Re: Property prices."

                        Well, yeah of course it might affect the value if it was known to the buyer. But IF it does not need to be declared then it becomes a non issue. End of.

                    Re: Property prices.

                    Posted by Orrible b-stard on 13/10/2024, 14:51:03, in reply to "Property prices."

                    Is he still in there?

                      Re: Property prices.

                      Posted by Dinner Rater on 13/10/2024, 14:49:08, in reply to "Property prices."

                      Not an estate agent, but there is nowhere on the TA forms that you need to complete that asks for such information.

                        Re: Property prices.

                        Posted by Herts Hatter on 13/10/2024, 14:56:32, in reply to "Re: Property prices."

                        I am sure many houses of a certain age have some bad history in them - much is well buried in time and unknown to the current owners - and anyway what counts as "bad" history - for example what if the previous owners were killed in a road accident 200 miles away - it would still be a bit sad living in their former house

                          Re: Property prices.

                          Posted by kobbalcp on 13/10/2024, 15:04:05, in reply to "Re: Property prices."

                          HH. Why would you be sad living in the property in that situation, unless those unfortunate souls you talk of were relatives or good friends ?

                          If the property was exactly the sort of place I was looking for it wouldn't deter me from buying it.

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