Stripped houses

jmayo

Something that has come to my attention is houses appearing for sale on the likes of Daft which have been stripped.

These houses appear to have been finished and maybe even lived in, but the for sales photos show just how much has been stripped out.
You might say it was down to some people who have specialised in dealing in copper or lead, but I doubt it unless they have branched into other ares such as wood.

And it seems gone are the days when you mind find the seller has taken the cooker, the carpets, the lighbulbs even.

Now it seems people strip the fireplaces, the moudling around the doors, the doors themselves, the bannisters on the stairs, the fitted kitchen, the rads, the bathroom fittings, the sockets.
Hell I would even check the number of rafters.

Oh pool tables are immune it seems.
Perhaps the previous owners have taken the stripped contents with them to Oz ?

http://www.daft.ie/searchsale.daft?id=713214

dines08

Viewed a property similar to this, developer went into receivership but took anything he could sell from the property before the bank took control. Doors, radiators, boiler and fireplaces

Pawwed Rig

jmayo wrote: »

Oh pool tables are immune it seems.

If you ever had to carry a pool table into a house you will know why they left it.:D

That's a fine house.

hfallada

Google foreclosure stripping and it's common enough in the us. I suppose in the us when you lose your house your on the streets or in your car and youll grab anything to sell when you have no unemployment.

I can't see there being much of a point stripping a plain enough house like that. Whereas you can get a couple of thousand stripping a period house.

Anynama141

'Bannisters, get your bannisters - 3 for a euro..."

This time next year Rodney, we'll be millionaires.

harry21

I suppose there is a chance that whoever installed the kitchen / plumbing/ electrics etc never got paid and took back their property.

I remember a storey my Dad told me years ago about how he wired a house for a fella and when it was done the owner refused to pay. MY Dad was well out of pocket. My Dad had a key so when back in, took all the sockets and switches and cut all the wires right back into the conduit...... that was in the 70's though.

brokenarms

Once a door has been hung it becomes practically worthless. The same goes for architrave. Feckin hell. Are people really this desperate.

Even the rads. Who is going to buy second hand rads??

dines08

I for one, having viewed a house recently like this, prefer the stripped out house as a possible home. The house before being stripped was nice but now it has the potential to be what you'd like it to be. All the main work is done, floors, tiling and plastering. Get the fixtures and fittings to your own taste and give it a lick of paint and you have the house as you'd like it and possibly cheaper depending on what quality of finish you'd desire

fasttalkerchat

Its done to spite the banks before a repossession.

Queen-Mise

That is a lot of house for 150k, oh if I had more money, and lived anywhere near Mayo

omb0wyn5ehpij9

Queen-Mise wrote: »

That is a lot of house for 150k, oh if I had more money, and lived anywhere near Mayo

Exactly what I was thinking!

Tigger

hmmmmmmmm
:cool:

riclad

AS long as the price is reduced , to account for missing rads, banisters i see no problem with this,
Sometimes workers remove fittings in a house if they were not paid for
the job.
UNless its listed in the contents of the sale, ,you can,t presume you,ll get the carpets ,or the cooker when buying a house.
Bloke was on the radio ,said i fit kitchens, sometimes i don,t get paid.

IT S not financially viable to take someone to court for 7k.

Scortho

This was a great one! I'd be tempted to leave some of the "artwork" in situ!:)

Turrets in rathmichael! It must have cost a fortune to build it!

http://www.daft.ie/searchsale.daft?id=670466

According to the ppr it sold for 818 k.
http://www.propertypriceregister.ie/website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-473C7820A8690DF380257B4800438BA0?OpenDocument

brokenarms

Scortho wrote: »

This was a great one! I'd be tempted to leave some of the "artwork" in situ!:)

Turrets in rathmichael! It must have cost a fortune to build it!

http://www.daft.ie/searchsale.daft?id=670466

According to the ppr it sold for 818 k.
http://www.propertypriceregister.ie/website/npsra/PPR/npsra-ppr.nsf/eStampUNID/UNID-473C7820A8690DF380257B4800438BA0?OpenDocument

Its looks terrible in fairness. Whats with the rockets style roofing. 818 for the land and knock the house down maybe.

Scortho

brokenarms wrote: »

Its looks terrible in fairness. Whats with the rockets style roofing. 818 for the land and knock the house down maybe.

I liked some parts of it! But yes the roof is over turreted. You could work them into something but part of me thinks it adds to the house!
It had a great finish on it as well.

I don't think I'd knock it. I'd put my own stamp on it though

jmayo

Pawwed Rig wrote: »

If you ever had to carry a pool table into a house you will know why they left it.:D

They could have taken the balls and the cue though.
Maybe they have come back for them since the pics were taken.
The decking has probably gone by now as well.

Anynama141 wrote: »

'Bannisters, get your bannisters - 3 for a euro..."

This time next year Rodney, we'll be millionaires.

I really can't understand what someone is going to do with them ?
Firewood maybe ?

Queen-Mise wrote: »

That is a lot of house for 150k, oh if I had more money, and lived anywhere near Mayo

Mayo is a big place and that house will only suit certain people because of the location.
If you currently live/work in West or North of the county you are adding long commutte times.
You could commutte from there to Galway, but be prepared to be stuck between Tuam and Galway a lot of your life.

riclad wrote: »

AS long as the price is reduced , to account for missing rads, banisters i see no problem with this,
Sometimes workers remove fittings in a house if they were not paid for
the job.
UNless its listed in the contents of the sale, ,you can,t presume you,ll get the carpets ,or the cooker when buying a house.

If I was looking at a house I could understand the carpets, cookers etc being gone, but dear God I would expect the bannisters, the power sockets, door frames, doors, toilet, etc

If someone who is facing repossession and do this surely they can be sued for malicious damages ?
And yes I know they have shag all money to pay fines, etc.

NIMAN

I have seen a lot of adverts reccently on Gumtree and DoneDeal for kitchens, radiators, oil burners etc.

I would guess quite a few of them would be from stripped houses.

RATM

dines08 wrote: »

I for one, having viewed a house recently like this, prefer the stripped out house as a possible home. The house before being stripped was nice but now it has the potential to be what you'd like it to be. All the main work is done, floors, tiling and plastering. Get the fixtures and fittings to your own taste and give it a lick of paint and you have the house as you'd like it and possibly cheaper depending on what quality of finish you'd desire

No doubt the estate agent will be extolling the virtues of having a 'blank canvas' :rolleyes:

murphaph

I don't see the benefit of "spiting" the bank before a repo. The bank will then get (substantially) less for the property and you'll end up with a larger debt or (in the case of no negative equity) less in your pocket. Some people are just stupid though.

jmayo

RATM wrote: »

No doubt the estate agent will be extolling the virtues of having a 'blank canvas' :rolleyes:

You forgot the line ...
"the buyer can put their own stamp on the property."

and they can't use the line
"comes with original fixtures and fittings"

dines08

RATM wrote: »

No doubt the estate agent will be extolling the virtues of having a 'blank canvas' :rolleyes:

Hahahaha he was telling us how shi*e the original finish was and how we could put our own stamp on it. Telling us that for €5000-€10000 we'd have a fabulous finish! Ye might have to lock a few rooms and leave them until a later date but everybody does that. My personal favourite was... Believe me, I've done the dolls house and I've done the fixer upper and I got far more satisfaction out of the fixer upper hahahaha

We're currently trying to buy a house in Mayo. This one is out of the way for us jmayo, anything else up your sleeve????

StillWaters

dines08 wrote: »

My personal favourite was... Believe me, I've done the dolls house and I've done the fixer upper and I got far more satisfaction out of the fixer upper hahahaha

What's wrong with that? It's true for lots of people (me included).

Ms2011

brokenarms wrote: »

Who is going to buy second hand rads??

I did when one of mine went on the blink, got a nice one for next to nothing, basically brand new :-)

dines08

StillWaters wrote: »

What's wrong with that? It's true for lots of people (me included).

There's nothing wrong with that... It was the way the whole thing was dressed up. Standing in a dirty shell of a house, the pitch itself was the right one but delivered in the most smarmy cheesy fashion imaginable

jmayo

Mayo Gurl wrote: »

We're currently trying to buy a house in Mayo. This one is out of the way for us jmayo, anything else up your sleeve????

You know I am not an estate agent although I could have gotten you a deal on houses in Knock a few years back.
I knew a man you know

There were some houses that had been taken over as part of a receivorship in Enniscrone that were sale a few weeks back.
And there are a number of detached houses in Coolaney in Sligo (between Tubbercurry Ballysadare through the mountains) that were also part of insolvency.
Now I know these are Sligo, but if you worked in Ballina area they might be an option ?

If you want to base yourself over near Castlebar/Westport direction then you have to deal with the x factor of Westport and fact Castlebar is county town, but you could base yourself in smaller village/town either go towards Newport, Louisburg, Crosmolina, Swinford, Foxford, Balla.

Don't worry the prices are going to go lower since there is nobody really buying and the South Country Dublin recovery bounce hasn't hit yet.

Oh and I can sell you a cowshed if any use.
It is one hell of a blank canvas to put your stamp on.

Outkast_IRE

€150k is still too much money for a house in the backarse of nowhere, i would pay €120-130k for that house maximum .

jmayo

jmayo wrote: »

You know I am not an estate agent although I could have gotten you a deal on houses in Knock a few years back.
I knew a man you know

I have a feeling I know the houses you are on about!!!! You should spin by them and have a look, scary :eek:

Don't worry the prices are going to go lower since there is nobody really buying and the South Country Dublin recovery bounce hasn't hit yet.

We viewed a house the other day. Near Claremorris. Would be perfect, but, oh my, the price of it. People need to get real round here. I may bring you to talk to the EA on my behalf.

Oh and I can sell you a cowshed if any use.
It is one hell of a blank canvas to put your stamp on.

Starting to sound appealing.....:D



I was trying to quote you and reply, but don't know what I did there....sorry!

makeorbrake

Outkast_IRE wrote: »

€150k is still too much money for a house in the backarse of nowhere, i would pay €120-130k for that house maximum .

Perhaps. However, it cost how much to build?

murphaph

makeorbrake wrote: »

Perhaps. However, it cost how much to build?

Indeed. If you want to live where the house is you couldn't possibly build it (even today) for anything near 150k. So saying it's not worth 150k is a bit strange because all it takes is for 2 people to want a similar house in the area and it is immediately worth 150k because you couldn't build cheaper (unless there are more of these in the area, which there could be). It's not easy to put a price on a place and say "overvalued" or whatever. If we are just looking at the materials required to build it it is clearly undervalued, but the location is generally not desirable.

The location might become less important as telecommuting increases, who knows. I can work from home sometimes (though it's not allowed all the time) and theoretically could do my job from home every day. I know guys in my industry that work from home all the time and feel more productive.