__RJ__
Member
- Location
- Cheshire UK
This is a follow on suggestion from what was already done back in 2020 and I presume is what the current house market system is derived from:
The system in its current form is good and my suggestion comes in 2 parts. Purchasing/Selling Procedures and Property Development
Purchases & Sales
Allow houses to be sold and transferred utilising the same system for the buying and selling of used vehicles, currently we see in demand vehicles achieving a premium in the marketplace and I think the same could be done with sought after properties. An active housing market could add some interesting RP elements to the city - for example, if a particular area has been hit heavily in crime this could cause a drop in value where people move to escape whats happening on their doorstep allowing others to grab a bargain. Property should be seen as an investment and residents should be rewarded for buying and selling at the correct market price.
It would also allow people to actively trade up if they had the ability to use an intermediary (solicitor) to handle cash and contracts for properties they are selling and buying. You could effectively have a chain of house sales happening with the same solicitor on the same day as people trade up to a new home securely and safely. The current system only allows for you to vacate then dash to the empty property you have found and hope someone hasnt got there before you.
You could also have an active database of all home owners and contact numbers which is secure/confidential and restricted to Emergency Services/Legal Professionals. This could allow citizens to engage a solicitor to try to buy a house currently not on the market on their behalf. There would have to be strict controls around accessing the data where the client is not privy to the sellers details and any solicitor would have to justify why they left a foot print on a particular home register. Any illegal activity could be the subject of judiciary or criminal investigations and disbarment/imprisonment (depending on why the database was accessed). It would also create a new 'job' for solicitors but also create a real estate part to general RP.
You can leave the current choice to vacate at a loss but my suggestion would remove the weird ‘hit’ you take on cash when moving, in my opinion to sell at a loss should be a choice and not a ‘given’. I also believe the current system stagnates peoples options to move where there can be six figure sacrifices just to try somewhere else. It would also work for people lucky enough to find a property vacated/repossessed under the current system, they could find a house at £450,000.00 but current market conditions could mean a nice profit if they buy it from the Government then sell it through a solicitor.
Property Development
Some of the houses storage limits and garage size are out of sync with purchase prices. Some sub £200k apartments have better storage and garages than properties 3 or 4 times its price. I would propose a standard base level of storage and car garage size (for example 5k and 2 cars) and allow the owner to upgrade (max) it, like the car system – this would also increase its value on the resale market. Make the upgrades expensive so people really have to work to get it maxed out. Another enhancement could be to have the option of selling the house with the furniture intact, adding to the RP of house viewings/sales and ultimately used as part of the negotiation on sale price.
The system in its current form is good and my suggestion comes in 2 parts. Purchasing/Selling Procedures and Property Development
Purchases & Sales
Allow houses to be sold and transferred utilising the same system for the buying and selling of used vehicles, currently we see in demand vehicles achieving a premium in the marketplace and I think the same could be done with sought after properties. An active housing market could add some interesting RP elements to the city - for example, if a particular area has been hit heavily in crime this could cause a drop in value where people move to escape whats happening on their doorstep allowing others to grab a bargain. Property should be seen as an investment and residents should be rewarded for buying and selling at the correct market price.
It would also allow people to actively trade up if they had the ability to use an intermediary (solicitor) to handle cash and contracts for properties they are selling and buying. You could effectively have a chain of house sales happening with the same solicitor on the same day as people trade up to a new home securely and safely. The current system only allows for you to vacate then dash to the empty property you have found and hope someone hasnt got there before you.
You could also have an active database of all home owners and contact numbers which is secure/confidential and restricted to Emergency Services/Legal Professionals. This could allow citizens to engage a solicitor to try to buy a house currently not on the market on their behalf. There would have to be strict controls around accessing the data where the client is not privy to the sellers details and any solicitor would have to justify why they left a foot print on a particular home register. Any illegal activity could be the subject of judiciary or criminal investigations and disbarment/imprisonment (depending on why the database was accessed). It would also create a new 'job' for solicitors but also create a real estate part to general RP.
You can leave the current choice to vacate at a loss but my suggestion would remove the weird ‘hit’ you take on cash when moving, in my opinion to sell at a loss should be a choice and not a ‘given’. I also believe the current system stagnates peoples options to move where there can be six figure sacrifices just to try somewhere else. It would also work for people lucky enough to find a property vacated/repossessed under the current system, they could find a house at £450,000.00 but current market conditions could mean a nice profit if they buy it from the Government then sell it through a solicitor.
Property Development
Some of the houses storage limits and garage size are out of sync with purchase prices. Some sub £200k apartments have better storage and garages than properties 3 or 4 times its price. I would propose a standard base level of storage and car garage size (for example 5k and 2 cars) and allow the owner to upgrade (max) it, like the car system – this would also increase its value on the resale market. Make the upgrades expensive so people really have to work to get it maxed out. Another enhancement could be to have the option of selling the house with the furniture intact, adding to the RP of house viewings/sales and ultimately used as part of the negotiation on sale price.