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NickCJ
don't count on the equity event. I was there when Betfair finally floated. All the old boys were rubbing their hands. nope...
Houses may be advertised for £520k or whatever, but doesn't stop you from offering £470k.
My friends just (March) bought in Stoke Newington with a kind of a joke offer and it got accepted, where they didn't think the sellers would go that low, so you never know.