Thursday, 29 June 2017

Schwalbe Dirty Harry BMX Tire Review

Schwalbe Dirty Harry BMX Tire Review - Intro

These are a cheap BMX tire from Schwalbe. However, do not be fooled by the price, this is an excellent tire that could be used on folding bikes, kids bikes as well as BMXs and have an excellent building quality and a good multipurpose grip. It comes in 20" (406) variant only, and is 1.95" wide.

Schwalbe Dirty Harry
Not Just for BMX

Schwalbe Dirty Harry BMX Tire Review - Grip

The tread pattern is ideal suited to street riding, loose gravel riding, and dry dirt. Where it quickly comes undone is claggy mud, where the closed block tread pattern quickly clogs. The tread pattern is also quite shallow, this is advantageous in that the "knobs" do not flex when under load but a disadvantage as they clog more readily. 

Schwalbe Dirty Harry
Tread Pattern Looks Flash and is Good for All Except Thick Mud

The rubber compound is SBC (Schwalbe Basic Compound) as used on early Big Apple Tires and is perfectly adequate, although not as good as some of their high end compounds. 

Schwalbe Dirty Harry BMX Tire Review - Build Quality 

These are a moderately high quality tire. But is has one blinding feature that most other BMX tires do not have, a kevlar puncture protection belt (Kevlar Guard). This is an excellent feature, and will stop punctures from just about anything, except hawthorns. 

Side View

The TPI is s little low if you want to carry large loads, but for normal riding is is very good. These have a soft feel when riding when compared to a very high TPI tire such as the Eclat Ridgestone.

Tread Deatil

Schwalbe Dirty Harry BMX Tire Review - Conclusions

A cheap reliable tire form a quality brand, with excellent puncture protection. A tread pattern suitable for all sorts of surfaces. . . .whats not to like?

Thursday, 8 June 2017

Informal Tender or Sealed Bids - Buyer's Guide

Informal Tender or Sealed Bids - Buyer's Guide - Intro

I am not an expert. But we have recently bid on a property using the Informal Tender or Sealed Bids process, and here are some observations which may be useful to you.

Informal Tender or Sealed Bids - The Property's Price

This is set by the estate agents to generate interest in the property, so it is likley to be below the actual value of the property.

You could complicate things here my trying to work out how much the property is worth. But the really the simple fact is, it is worth whatever you are willing to pay for it.

You don't really like it? - Bid 20% below  Price

You really want it? - Bid as much as you can afford*.

*I did look at some other similar properties nearby and this confirmed my suspicions that the property was under priced. For example if you are looking at a 3 bedroom terrace house for £180,000, and most property that are similar  sold recently for £220,000, then this will give you some idea of the level of bid that could be placed. Remember if you bid too much the mortgage company will find that the property is over-valued, and likley not lend you the money to buy it.

Informal Tender or Sealed Bids - How are the Bids Decided

Price would be a major factor with the buyer likley accepting the highest offer.

However, if to similar offers are received, then the buyer will likley choose the offer that which does not rely on chains or borrowing.

A chain free cash buyer would be most favourable, although I have read on line that cash buyers are not always the first to be picked.

Informal Tender or Sealed Bids - How to Bid

Ask the estate agent for a Informal Tender form or proforma, for you to fill out. If they do not have one then include the following information in a letter:

  • Title - Subject to Contract Informal Tender
  • For - The Address of House you wish to Buy
  • Your Name (s)
  • Your Address & Other Contact Details 
  • Is your offer and ability to proceed dependant on another property? Yes or No
  • If yes give details. 
  • Level of borrow you anticipate.
  • State of agreement regarding borrowing i.e. Agreement in Principal. 
  • Name of your Solicitors
  • Other things you think might be relevant. 

Informal Tender or Sealed Bids - When to Bid

You are hopefully delivering a envelope or an email to your estate agents.. . . . . . 

If the people running the tender are less than honest then it does not matter when you submit you bid, as the process is rigged. In this instance it may be advantageous to submit your tender at the last minute, so as to give the organiser less time to react.

If the people running the tender are honest, then nobody will see you bid other than the honest organiser and the vendor, so it does not really matter when you submit your bid.

Informal Tender or Sealed Bids - Can You Bid more than Once?

Yes, just submit a revised offer if you think you may have bid too much or too little.

Informal Tender or Sealed Bids - Have You "Won"?

You will normally find out within 1 or 2 weeks after the closing dates for bids. It may be that if you are the second best bidder, and the first best bidder withdraws then you might be in with a chance.

This is was the case when we bid, we were "significantly lower" than the winning bid, but for what ever reason they pulled out, and we are now buying the house!