House prises rising in some places !?!

clobber_2

This one entertains me , not least because the listing screams about a price reduction.



Sat Jan 10 16:05:52 2009

• Price changed: from '£235,000' to '£250,000'

Mon Nov 17 22:24:34 2008

• Price changed: from '£250,000' to '£235,000'

Thu Jul 17 22:55:02 2008

• Price changed: from '£250,000 (Fixed Price)' to '£250,000'

Sat Jul 5 23:23:34 2008

• Brief Description changed: ******* REDUCED FOR QUICK SALE ******* FANTASTICE FANTASTIC VALUE ******* CALL NOW FOR A VIEWING ********* EXTREMELY WELL PRESENTED *******An excellent opportunity to purchase an extremely well presented detached house situated on a large corner plot on the ever popular Heathley Park development. The pro...

Thu Jun 12 20:23:52 2008

• Brief Description changed: An ******* REDUCED FOR QUICK SALE ******* FANTASTICE VALUE ******* CALL NOW FOR A VIEWING ********* EXTREMELY WELL PRESENTED *******An excellent opportunity to purchase an extremely well presented detached house situated on a large corner plot on the ever popular Heathley Park development. The property benefits from gas central heating, UPVC double glazing, recently refitted quality kitchen, has been extended to the rear an... pro...
• Price changed: from '£269,950' to '£250,000 (Fixed Price)'

Sun May 11 00:05:42 2008

• Price changed: from '£275,000' to '£269,950'

Thu Jan 24 00:18:41 2008

• Initial entry found.

ShelleyC_2

There is one agent in particular round here that keeps doing it - puts them up for maybe 2-3 weeks then "new lower price" all over it with actually the same asking price as at the begining. Not sure anyone will fall for it especially not the savvy people who use the wonderful propertybee :j

geoffky

150 people are also sectioned every day.......

Kenny4315

In my area, down my street there is one house that has increased substantially in value during the crash. No I lie 2 houses that have increased substantially.

BettiePage

This ones gone up by £5k.

Blah99

House prices went up for something like 3 or 4 months out of 12 in the middle of the 90's crash. We are many long months away from the bottom of this crash.

agent_orange_2

There are many posters on these threads, who I suspect, have a vested interest in seeing house prices crash, they are not dissimilar to people who short shares and then attempt to spread fear. Then of course , there are those who just relish bad news, as long as it doesn't knock on their own door.

luvpump

housesitter wrote: »

I've been using property bee to look at houses in my area (around Warrington) but I'll wager this is going on elsewhere.
I'm starting to see quite a lot of houses which are actualy having price rises and a fair degree of makeover in their descriptions.

My suspicion is that the agents are fluffing the prices to allow for people to come in and discount. This is tending to happen on properties which have been up for 6months or longer.

Got to wonder if this is a tatic which is likely to work, or just encourage buyers to stand their ground and wait it out.
I'm sure that not every agent would try this on.

Yep ..Half the U.k's Banks have been effectively Nationalised, Unemployment is going through the roof, we are Entering the worst Recession in decades & house prices are still going up !! :rotfl: ...Dont believe the "Vested Interest" brigade..House prices have a long way to fall yet, & on this I am on Cast Iron Ground..:)

piggeh

If I ran an estate agents I would be tempted to reduce commissions and charge people an amount per week that their house is up for sale. The more unrealistic sellers the more I'd earn!

diyit

As an ex estate agent admittedly 15 years ago. Yes there are tactics to encourage buyers but a house is only worth what someone is willing to pay. At this time there are so many to choose from it is up to the buyer to look at as many as he can and really judge his/her own best value buy. Agents obviously want max price but it is not in their interest to overprice too much with Advertising costs, (extortionate) and overheads selling agent commission. Many small local agents are on an abysmal wages and if they only sell one house a week they truly are not rich.