Musings of the London Property Buyers Agents

We’re no experts on the American property market - actually, we know nothing about the American property market but for us in London, a 36% drop sounds like very bad news - normally reserved for the repossessions market.

So has Hef been foreclosed?  Apparently not, but according to the Wall Street Journal, he and Mrs Hef (they split in 1998) have apparently accepted an offer of $18 million, $10 million less than the asking price from 25 year old Daren Metropoulos, the son of C. Dean Metropoulos, a super-successful private equity investor.

The house in question is not Playboy Mansion, where Hugh Hefner still lives with the ‘playmates’ but the smaller version next door where his wife had been living.

So was it just grossly over-priced to begin with or has Hugh taken a hit where it hurts?  There are a few top end drops in London at the moment, but they are almost exclusively the reserve of the handful of people like us in the know.  If you need London Property Buyers Agents who might just be able to secure a similar gem, in London, you can contact us here.

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Tags: Buyers agents, Hugh Hefner's house, Hugh Hefner's house for sale, London Property Buyers Agents, property buyers agents

Giggles from the offices of London Property Buyers Agents

What a fabulous story for a Friday blog.

It turns out that two weeks ago, Boris Johnson erected a weird wooden shed on the first floor roof of his Grade II listed home in Angel.  But yesterday, Islington planners instructed him to pull it down after a tip-off from a disgruntled neighbour.  Most people would be pretty fed up that NIMBY neighbours complained and for the planners involvement but according to many newspaper reports, Bojo is apparently ‘grateful for the advice’.  Isn’t that nice?

Maybe Boris has just realised that sticking an ugly shed on top of a roof has tarnished any pretensions he had to being a ‘classy bloke’.

Technorati Tags: Boris Johnson, Islington house, plannning permission, shed

Tags: Boris Johnson, Islington house, plannning permission, shed

Rantings from a group of London Property Search Agents

When will London homeowners get a grip?  We should be happy today: the Bank of England has chosen to hold interest rates at 0.5% AND add inject another £50 billion into the market place, the Council of Mortgage Lenders says lending is up 65% on last year and for the serious investors amongst you, the Association of Real Estate Funds has posted a net inflow of cash for the first time in a year.

Fabulous news, but we have spent all day looking at seriously over-priced property.  Not just a few percent, but a £1.8 million pound house which still wouldn’t be a bargain at £1.3 million - less than a million and it would probably be a good bet.  A £1.95 million pound house which is frankly, a mess and should be more like £1.4m and two £3 million pound houses which should be £2.5 million.

The most expensive houses were most likely to work, because they are only over-valued by 17%, but seriously, one of the £1.8 million houses was probably valued at almost half that amount by some of the other agents.  I will have some quiet words to check!

So a few words from this irratated Property Finder: if you want us to like your fabulous home and recommend our Clients see it, then advertise it with a sensible price tag.  The best way to sell property is to get more than one person interested enough to make offers.  You would be amazed how quickly budgets can grow if there is more than one buyer in the frame.  So if you don’t want to look like a greedy guts with a horrible house, put it on the market at a reasonable price in the first place!

Technorati Tags: London homeowners, London Property Buyers Agents, London property finders, over-priced property

Tags: London homeowners, London Property Buyers Agents, London property finders, over-priced property