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Will Estate Agents Have A January Clearout?

135

Comments

  • besonders1
    besonders1 Posts: 582 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    EAs' windows had lots of SOLD banners on the corner of the houses in the windows, to create a sense of urgency, yet if you were familiar with the properties you'd realise that a lot of them had been sold for over a year. The EAs were just keeping them in the window.

    Seen that all over where I live.
    Many sellers do not want to accept that their property has dropped 15-25% in the last twelve months, although they were always happy to be informed of the 15% annual increase.

    Very true.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Jorgan wrote: »
    The agent does the valuation, but the vendor will ultimately set the asking price. If they think it is worth another £30k they will usually try and find an agent willing to market at the higher price.

    Many sellers do not want to accept that their property has dropped 15-25% in the last twelve months, although they were always happy to be informed of the 15% annual increase.

    Not sure where you get the minimum of 15% from.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Cat695
    Cat695 Posts: 3,647 Forumite
    StevieJ wrote: »
    Not sure where you get the minimum of 15% from.


    well it has been a couple of days since the official figures came out so they are probably 15% by now
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Cat695 wrote: »
    well it has been a couple of days since the official figures came out so they are probably 15% by now

    For example, according to LR Cheshire is down 7.2%.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Cat695
    Cat695 Posts: 3,647 Forumite
    StevieJ wrote: »
    For example, according to LR Cheshire is down 7.2%.

    I'm sure he was just talking about average don't you
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Cat695 wrote: »
    I'm sure he was just talking about average don't you

    Are they, which index is showing an annual average fall of 25%?
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Cat695
    Cat695 Posts: 3,647 Forumite
    StevieJ wrote: »
    Are they, which index is showing an annual average fall of 25%?


    Nope point living in dream land now is it....and you only questioned the 15%

    It'll be 25% by the middle of the year the way things are going so you won't have to wait long.
    If you find yourself in a fair fight, then you have failed to plan properly


    I've only ever been wrong once! and that was when I thought I was wrong but I was right
  • VfM4meplse
    VfM4meplse Posts: 34,269 Forumite
    10,000 Posts Combo Breaker I've been Money Tipped!
    clobber wrote: »
    They often have January sales of hard-to-shift property. I sold mine in one in 2007 (smug, moi?).

    Presumably you also bought another property to move into at the market peak / paid CGT if this was not your main residence?
    Value-for-money-for-me-puhleeze!

    "No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio

    Hope is not a strategy :D...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    VfM4meplse wrote: »
    Presumably you also bought another property to move into at the market peak / paid CGT if this was not your main residence?

    You missed the obvious, Or rented :confused:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    StevieJ wrote: »
    Are they, which index is showing an annual average fall of 25%?

    Halifax Index is now down over 18% from peak, with another month's figures due tomorrow...
    Hurrah, now I have more thankings than postings, cheers everyone!
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