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We pay your stamp duty - tracker thread

Frank Hovis

By Frank Hovis
in Property Prices & Economy

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Frank Hovis

Frank Hovis

Posted
Posted

As noted on the Property Crash thread one of the clear signs of an impending crash is "We will pay your stamp duty" adverts from developers as they look to desperately shift completed but unsold stock without advertising it at a lower price than previous sales.

They also have other incentives to do this like paying your moving fees or even paying your selling fees.

They can get up to about £10k in discounts without actually reducing the headline selling price.

This practice was widespread during the last, 1988 - 96 in London, crash and is a clear sign that the market is falling but the developer wants to pretend that it hasn't done so.

A quick search doesn't reveal any in the UK but there is a first one in Australia @wherebee suggesting that the market there is already tumbling.

 

Property group to pay stamp duty for customers

There is no legal way to dodge paying stamp duty tax, but a property development group is offering to pay it for NSW residents.

July 14, 2023 — 7.26pm

https://www.smh.com.au/national/property-group-to-pay-stamp-duty-for-customers-20230714-p5doei.html

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Wight Flight

Wight Flight

Posted
Posted
40 minutes ago, Frank Hovis said:

As noted on the Property Crash thread one of the clear signs of an impending crash is "We will pay your stamp duty" adverts from developers as they look to desperately shift completed but unsold stock without advertising it at a lower price than previous sales.

They also have other incentives to do this like paying your moving fees or even paying your selling fees.

They can get up to about £10k in discounts without actually reducing the headline selling price.

This practice was widespread during the last, 1988 - 96 in London, crash and is a clear sign that the market is falling but the developer wants to pretend that it hasn't done so.

A quick search doesn't reveal any in the UK but there is a first one in Australia @wherebee suggesting that the market there is already tumbling.

 

Property group to pay stamp duty for customers

There is no legal way to dodge paying stamp duty tax, but a property development group is offering to pay it for NSW residents.

July 14, 2023 — 7.26pm

https://www.smh.com.au/national/property-group-to-pay-stamp-duty-for-customers-20230714-p5doei.html

Just wait until they start offering free cars like last time.

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Frank Hovis

Frank Hovis

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Posted
13 minutes ago, Wight Flight said:

Just wait until they start offering free cars like last time.

 

Really?

I missed that one.  What do you remember about those offers?

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King Penda

King Penda

Posted
Posted
25 minutes ago, Frank Hovis said:

 

Really?

I missed that one.  What do you remember about those offers?

Probably a mini offer by small firm .

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Wight Flight

Wight Flight

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Posted
33 minutes ago, Frank Hovis said:

 

Really?

I missed that one.  What do you remember about those offers?

Not a great deal, but they did happen.

Anything to keep the headline price.

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One percent

One percent

Posted
Posted
1 minute ago, Wight Flight said:

Not a great deal, but they did happen.

Anything to keep the headline price.

This.  Once they knock the price on one, the rest are then down valued. Best to offer ‘incentives’. 

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Option5

Option5

Posted
Posted
1 hour ago, Frank Hovis said:

 

Really?

I missed that one.  What do you remember about those offers?

Nine Elms/Battersea Power Station.

Furniture, car, stamp duty etc etc 

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One percent

One percent

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Posted
7 minutes ago, THE SOUP DRAGON said:

Do you know what the reduction was?

Nope, it doesn’t say but I’ve seen a few from the same new build estate with price reductions. 

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With a crooked smile

With a crooked smile

Posted
Posted
On 19/07/2023 at 18:42, Frank Hovis said:

They can get up to about £10k in discounts without actually reducing the headline selling price.

Some offer to buy your old property in part exchange- this offers all sorts of wiggleroom.

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Rare Bear

Rare Bear

Posted
Posted
On 20/07/2023 at 18:52, Calcutta said:

I love the way they specify it's not far from Hitchin, but neglect to mention it's closer to fucking Luton.

Not to mention air source heat pumps.

 

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  • 1 month later...
Frank Hovis

Frank Hovis

Posted
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Posted

Here we go, £12k cash back at Cavanna Homes in Exeter, £1k per month for the first year.

Selected plots only.

Advertised through their Facebook post but not mentioned on their main website.

A clear admission that their houses are overvalued by £12k.

 

https://www.facebook.com/100039970188808/posts/pfbid02TtxYPEPBL9ZCbBiXCsJuabYcAwa5SJZCcT6bRMxpm5r6upXiAgKF5A5Eqs869Q4bl/?app=fbl

https://www.cavannahomes.co.uk/developments/new-homes-in-exeter/?fbclid=IwAR1HyXuUW2kBofHxLfZLWGMFdP9Oum3wsoMSJ1MExnp-5gMO9uOIFndnduE

 

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Phil

Phil

Posted
Posted
1 hour ago, Frank Hovis said:

Here we go, £12k cash back at Cavanna Homes in Exeter, £1k per month for the first year.

Selected plots only.

Advertised through their Facebook post but not mentioned on their main website.

A clear admission that their houses are overvalued by £12k.

 

https://www.facebook.com/100039970188808/posts/pfbid02TtxYPEPBL9ZCbBiXCsJuabYcAwa5SJZCcT6bRMxpm5r6upXiAgKF5A5Eqs869Q4bl/?app=fbl

https://www.cavannahomes.co.uk/developments/new-homes-in-exeter/?fbclid=IwAR1HyXuUW2kBofHxLfZLWGMFdP9Oum3wsoMSJ1MExnp-5gMO9uOIFndnduE

 

Bellway, Bovis, Persimmon. They are all at it. Carpets, vinyl, turf to the rear. Not every plot mind. 

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Frank Hovis

Frank Hovis

Posted
  • Author
Posted
20 hours ago, Frank Hovis said:

Here we go, £12k cash back at Cavanna Homes in Exeter, £1k per month for the first year.

Selected plots only.

Advertised through their Facebook post but not mentioned on their main website.

A clear admission that their houses are overvalued by £12k.

 

https://www.facebook.com/100039970188808/posts/pfbid02TtxYPEPBL9ZCbBiXCsJuabYcAwa5SJZCcT6bRMxpm5r6upXiAgKF5A5Eqs869Q4bl/?app=fbl

https://www.cavannahomes.co.uk/developments/new-homes-in-exeter/?fbclid=IwAR1HyXuUW2kBofHxLfZLWGMFdP9Oum3wsoMSJ1MExnp-5gMO9uOIFndnduE

 

 

Replying to my own post as I can drop in more things than I could on a phone:

Want to get onto the property ladder sooner? Reserve your dream home in Exeter and we'll give you £1,000 cashback a month, for a whole YEAR. That'll help towards mortgage payments, decorating or a holiday!*
Hurry, limited homes with this offer are available.
*T&Cs apply, selected plots only.

 

Learn more link:

"Equinox II"

TO INCLUDE FULLY FITTED FLOORS AND KITCHEN UNITS

On "selective" plots

https://www.cavannahomes.co.uk/developments/equinox-ii/

"Equinox III"

RESERVE ANY PLOT ON CURRENT LISTINGS AND RECEIVE £10k DEPOSIT CONTRIBUTION

https://www.cavannahomes.co.uk/developments/equinox-iii/

"Elm Park"

Reserve a new home at Cavanna @ Elm Park and receive £1,000 cashback a month for a WHOLE YEAR as a gift from us!  T&C's apply, selected plots only.

https://www.cavannahomes.co.uk/developments/cavanna-elm-park/

 

 

The grammar mistakes are their own.

 

These houses really aren't shifting.

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Bear Hug

Bear Hug

Posted
Posted
On 16/09/2023 at 09:54, Frank Hovis said:

 

Replying to my own post as I can drop in more things than I could on a phone:

Want to get onto the property ladder sooner? Reserve your dream home in Exeter and we'll give you £1,000 cashback a month, for a whole YEAR. That'll help towards mortgage payments, decorating or a holiday!*
Hurry, limited homes with this offer are available.
*T&Cs apply, selected plots only.

 

Learn more link:

"Equinox II"

TO INCLUDE FULLY FITTED FLOORS AND KITCHEN UNITS

On "selective" plots

https://www.cavannahomes.co.uk/developments/equinox-ii/

"Equinox III"

RESERVE ANY PLOT ON CURRENT LISTINGS AND RECEIVE £10k DEPOSIT CONTRIBUTION

https://www.cavannahomes.co.uk/developments/equinox-iii/

"Elm Park"

Reserve a new home at Cavanna @ Elm Park and receive £1,000 cashback a month for a WHOLE YEAR as a gift from us!  T&C's apply, selected plots only.

https://www.cavannahomes.co.uk/developments/cavanna-elm-park/

 

 

The grammar mistakes are their own.

 

These houses really aren't shifting.

300k for a 60sqm home? I'd like at least 200k cashback for that.

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Frank Hovis

Frank Hovis

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4 minutes ago, Bear Hug said:

300k for a 60sqm home? I'd like at least 200k cashback for that.

 

Prices have long been disconnected from reality because people have been prepared to utterly break themselves to buy a house and the years of stupidly interest rates has provided them with the means by which to do this.

I'm not predicting a vertical crash, so many people have their mortgage paid off and a decent income, but for new builds aimed at FTBs it's a different matter.

Those houses are toast.

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