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Anecdotal - price matters!
ognum
Posts: 4,879 Forumite
I am currently selling a 2 bedroom flat in large town in the south. There are currently 667 two bedroom flats for sale 200 are under offer within one mile of the city centre
Within the small area I am selling in there are 52 two bedroom flats for sale and 12 are under offer. They range in price from £280K to £140K but they are all two bedroom flats!
Of the 12 flats that are under offer only 3 are priced above £150K. Under 150K 9 are under offer 3 are for sale.
My flat is under offer though nothing is sold until exchange has taken place. It took 8 weeks to get an offer I priced it competitively decorated it throughout (magnolia of course) and put new carpets in for a total cost od £1100.
It was bought 5 years ago and the offer is 10% less that the price we paid but my daughter has lived there for 5 years comfortably and it was her home not a money making exercise.
I write this only because it directly indicates the need to price very competitively and study the market as to what is selling and what price it will sell at.
Hope tis helps someone.
Within the small area I am selling in there are 52 two bedroom flats for sale and 12 are under offer. They range in price from £280K to £140K but they are all two bedroom flats!
Of the 12 flats that are under offer only 3 are priced above £150K. Under 150K 9 are under offer 3 are for sale.
My flat is under offer though nothing is sold until exchange has taken place. It took 8 weeks to get an offer I priced it competitively decorated it throughout (magnolia of course) and put new carpets in for a total cost od £1100.
It was bought 5 years ago and the offer is 10% less that the price we paid but my daughter has lived there for 5 years comfortably and it was her home not a money making exercise.
I write this only because it directly indicates the need to price very competitively and study the market as to what is selling and what price it will sell at.
Hope tis helps someone.
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