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Is the market picking up?

Contessa · 2011-06-30 11:14:25

Yesterday a house (bungalow) was newly listed on RM. I saved it as a definate possibility as its location was just where I wanted. I thought it looked a bit bland, needed updating and was quite expensive for what it was. This morning it's listed on RM as SSTC. Another one that's got away! I also see that since Monday nine…

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clairey179 Posts: 63 Forumite

3 July 2011 at 9:30AM edited 3 July 2011 at 9:30AM

I think it depends to be honest! My flat has sold within 4 weeks (moving out at the end of the month), but the house i'm buying has been on the market for almost a year.
I offered no price reduction on mine, it has sold at home report (surveyors) valuation. House I'm buying....... buying it for 20k less than the surveyors valuation. They've reduced the price several times since it went on the market.
Having said that, my flat was valued at a similar price to flats that are very similar, but in much poorer positions in my area, and with no parking. The house we're buying has 2 identical houses on the same street for sale, so i guess that's driving the price down.

Also, these properties are within a 30 minute drive of each other.

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Is the market picking up?

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