As much as I hate gazumping and I would never play that game it is good to see it is back.

This is where someone accepts a higher bid just before completion in an attempt to extract more money from the original buyer.

This means there are at least TWO buyers for the property. All you need for properties to be restored to normal prices is when you have at least a couple of buyers for one property.

If prices are now being bid up it does not take too long for the final bid price to hit sensible values. When there is more than two then you start seeing true market values appearing.

So are we at the end?

I wish I knew the answer. I will be really honest with you. I do not have a clue. The last 8 months I will never forget in my life.

Every preconception I had of banks has been quashed. I look at banks now as a business just like the rest of us. When I look at it like that all I want to do is extract as much money out of them as possible as anything can happen and they will not lend.

The richest people in the world have the biggest debts in the world. That is why they are rich!

So if house prices really rose last month and gazumping is back then what else should we expect to see?

New estate agents popping up

Property programmes coming back on the TV

Nationwide reporting price rises

Rightmove reporting prices rises

Tabloids reporting price rises

Land registry reporting price rises

By then it would have happened. So when are we going to see the above? Keep your eyes peeled.

Ajay

Posted on: 7th Feb 2009

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	Home Services Property News Free Resources Partners Contact Page you're viewing > Home Page > Property News > Property Headlines > gazumping is back! As much as I hate gazumping and I would never play that game it is good to see it is back. This is where someone accepts a higher bid just before completion in an attempt to extract more money from the original buyer. This means there are at least TWO buyers for the property. All you need for properties to be restored to normal prices is when you have at least a couple of buyers for one property. If prices are now being bid up it does not take too long for the final bid price to hit sensible values. When there is more than two then you start seeing true market values appearing. So are we at the end? I wish I knew the answer. I will be really honest with you. I do not have a clue. The last 8 months I will never forget in my life. Every preconception I had of banks has been quashed. I look at banks now as a business just like the rest of us. When I look at it like that all I want to do is extract as much money out of them as possible as anything can happen and they will not lend. The richest people in the world have the biggest debts in the world. That is why they are rich! So if house prices really rose last month and gazumping is back then what else should we expect to see? New estate agents popping up Property programmes coming back on the TV Nationwide reporting price rises Rightmove reporting prices rises Tabloids reporting price rises Land registry reporting price rises By then it would have happened. So when are we going to see the above? Keep your eyes peeled. Ajay Posted on: 7th Feb 2009 Bookmark: del.icio.us digg Furl Facebook Reddit Yahoo Spurl Smarking Simpy Stumbleupon Tell a friend Your name Friends email Life is funny sometimes Want to borrow the deposit OK i�ll lend it to you Rates to rise Letting Managers Wanted Property Negotiators Wanted Property Negotiators Required Computer says NO again Do you have a client base Get 30+ BMV Deals EVERY Week I have a busy 16 months ahead How long will it last Buy to Let lending on its way back A bank has said YES FT reports boost in buy to let 92 per cent off Ducking n Diving want a chat how 10 minutes can change someone�s life loop hole for the 6 month rule discovered I have been quiet for a reason never miss a deal get a free consultation, READ NOW Property Networking why I buy high yielding property 2010 is the year that property got going is it the return of the NINJA if you have bad credit you can still INVEST Hip Hip Hooray Radical changes at the Ahuja Group Yesterday was a historical day for buy to let 17 alternative finance brokers and lenders This is as creative as it gets my finance journey has started property funds fall flat on their face join me in my journey in to the world of finance 90 per cent off my new book to my subscribers only I failed the credit check I am really annoyed with the lenders 3 really useful ways to home in on specific deals read my clients wishlist can I ask you a question did you watch the election debate last night? 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