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John Corey

Investor

3671 Profile Views

About Me

Long term BTL investor

my expertise in the industry

30+ years of experience investing in the USA and UK residential sector. A passion for detail. A technology career prior.

John's Recent Activity

Why not use a system like the USA? An offer is made, through an agent in most cases, to the seller. If the offer is acceptable to the seller, they sign and the offer is now binding. In effect, a conditional exchange, no lawyers involved, when the seller signs. The conditions include all the normal stuff that would happen during a search. Both buyer and seller have more certainty if the details check out. It takes weeks off the process compared to the model in England and Wales.

From: John Corey 20 May 2017 12:13 PM

Thanks Trever. That is useful to know.

From: John Corey 24 September 2015 11:01 AM

I would start with a stamp duty change for people downsizing. A one off or age specific. I would not focus on other things until more is know about the success of a stamp duty change. As to interet rate returns. While it is a concern, it is not really something that should be tangled up with housing policy. We live in a low interest rate world. If the older person wants to pay the property market and pick up more appreciation, so be it. If they need an income, they should remember that inflation is lower than the current rates out there so they are earning a positive return. In the 'old' dates rates were high yet so was inflation. Hence the 1% of so difference really has not changed much.

From: John Corey 24 September 2015 10:46 AM

IMpressed, Labour is saying that private ownership is a winner if the party wants to be elected. I hope that also applies to rail companies, etc.

From: John Corey 24 September 2015 10:46 AM

Is there a legal issue when paying someone who is not a registered estate agent a fee based on a successful completion of a sale? Paying for information (address of possible derelict property) which is not conditional on the sale taking place if fine. Paying 1% if there is a sale sounds like something that falls under the Estate Agency Act. Any estate agents or lawyers listening and know about the Act?

From: John Corey 17 September 2015 13:03 PM

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