Motoring / Cars and Bikes

Buy House, Get Ferrari F430 Free!

A few months ago, when an old Brit man decided to sell his ancestral home, he hit upon a creative idea which brought him instant success. He put up a sign advertising the sale of a teddy bear for 50,000 pounds which would also give the buyer a free house! Property developer Duncan Jones, 28, […]

Jul 27, 2009 | By Anakin

A few months ago, when an old Brit man decided to sell his ancestral home, he hit upon a creative idea which brought him instant success.

He put up a sign advertising the sale of a teddy bear for 50,000 pounds which would also give the buyer a free house!

Property developer Duncan Jones, 28, attempted a similar stunt but this is unfortunately not working for him.

he put his house on the market in Bristol and offered to throw in the Ferrari F430 – worth £100,000 – as an added extra.

But his offer was not enough to entice a purchaser for six-bedroom property Tall Pines, even though the house’s asking price has already been dropped by £300,000.

Some buyers had wanted to take up the offer for the three-storey mock-Georgian house, Mr Jones revealed.

But they had been unable to get mortgages without putting up large deposits because of the tightening credit market.

“We had three people interested in buying but they had to drop out because they couldn’t get the finance,” he said.

“Instead of asking people for a £100,000 or £150,000 deposit, the mortgage lenders were asking for £300,000 or £400,000.”

Now the property developer says he is going to turn the house into offices and has put in a planning application to Bristol City council.

For more information, call Duncan Jones on 07901 676142.

Via Skynews / Trendsupdate

 
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