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MSE News: Asking prices for homes fell in July
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Former_MSE_Helen
Posts: 2,382 Forumite
"House sellers have cut their asking prices by the biggest amount in the month of July for four years, says Rightmove..."
Read the full story:
Asking prices for homes fell in July
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
Asking prices for homes fell in July
This thread is not in the 'discuss house prices and economy board' as that is only open to those logged into the forum so anyone coming from the news story may not be able to see it.
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Surely asking prices say very little about the property market. It is the prices that properties actually sell for which provide useful information."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0
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I ignore asking prices, they are ramped up by estate agents to get business. They are also initial asking prices so never include existing properties which are dropping/rising over the months.
Sellers need to get real if they want to sell, asking prices are a joke. If you want to price realistically check out what similar properties have sold for.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
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I ignore asking prices, they are ramped up by estate agents to get business. They are also initial asking prices so never include existing properties which are dropping/rising over the months.
Sellers need to get real if they want to sell, asking prices are a joke. If you want to price realistically check out what similar properties have sold for.
but asking prices are *always* ramped up therefore that is a fairly constant factor in the equation - in the housing market (in my experience) it has always been normal to offer the asking price minus ~10-15%
I certainly don't go in at anything more than that for my 1st offer0 -
Asking prices remain 2.3% higher than one year ago.
And as per Land Registry, actual selling prices remain higher than a year ago as well.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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