Sellers will never drop their prices

mcc100

A couple I know in there twenties have recently split up.

They bought their 2 bedroom terraced house for £91k 3 years ago with a 100% mortgage. Their estate agent has valued it at £78k seemingly overlooking the fact that another identical terrace in the same block has just been sold as a forced sale for 55k.

My point ..... advertised house prices are a figment of the estate agent's and sellers imagination. It is only when properties are sold through forced sales that the true value becomes clear.

ultrawomble

GHOULS_PRICED_OUT_FOREVER wrote: »

And I could show you hundreds of with rising prices.

Oh, all right then give us a couple of hundred.

myhouse_2

mcc100 wrote: »

A couple I know in there twenties have recently split up.

They bought their 2 bedroom terraced house for £91k 3 years ago with a 100% mortgage. Their estate agent has valued it at £78k seemingly overlooking the fact that another identical terrace in the same block has just been sold as a forced sale for 55k.

My point ..... advertised house prices are a figment of the estate agent's and sellers imagination. It is only when properties are sold through forced sales that the true value becomes clear.

I would argue that a forced sale would not represent true value, but rather less than a non-forced sale would be.
I do think though that if sellers reduce and still can't sell, then they are still trying to sell above true value. And we know how many "can't sell even though I reduced the price" threads are on this site.

satchmeister

twadge_face wrote: »

I don't see how the question even needs to be debated. Sellers drop prices IF THEY WANT TO SELL.

http://www.rightmove.co.uk/property-for-sale/property-26446516.html

This is not possible, prices are never ever reduced in London. London is immune and prices always rise, always.

nembot

GHOULS_PRICED_OUT_FOREVER wrote: »

And I could show you hundreds of with rising prices. Point is there is no crash. Never has been and never will be. You are renter class minority. Accept your place in society.

What a complete waste of life !!!!!! like you are....

You should be IP banned as you're clearly too f'kin stupid to exist.
Yes you really are.

twadge_face

GHOULS_PRICED_OUT_FOREVER wrote: »

And I could show you hundreds of with rising prices. Point is there is no crash. Never has been and never will be. You are renter class minority. Accept your place in society.

Hahahaha. You are comical, you c_&_u fail.

I don't see any increases. Only perpetual, infinite, ongoing, irrevocable decreases. Forever. And ever.

You won't actually show me any increases because you don't know how to use Property Bee, and even if you could, you'd be afraid to see the TRUTH.

Consider yourself pwned.

torontoboy45

nembot wrote: »

What a complete waste of life !!!!!! like you are....

You should be IP banned as you're clearly too f'kin stupid to exist.
Yes you really are.

no! no banning here, thanks. ghouls lightens the board! a sort of HP norman wisdom without the laughs. I for one would miss this pr1ck...

ukcarper

I wouldn’t ban him a new poster might take him seriously but I can’t believe anybody whose been on here more than a couple of days would pay him much attention.