Desperate home sellers slash prices

macaque_2

Somewhat expected really.

Over a third of properties currently up for sale have been reduced in price at least once since coming on to the market, research has revealed.

It shows that home sellers are resorting to desperate measures in order to shift their property amidst a backdrop of poor sales figures.
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-2097824/House-prices-Desperate-home-sellers-slash-record-amounts-off.html#ixzz1lnK38rYn

Graham_Devon

Isn't it all part of the selling process now?

List above market value, hope to catch a fish, then reduce to somewhere around market value when the fishing trip hasn't been succesful?

2010

People always try to get more for anything because they expect people to offer less.
Not just houses

---

EVERYTHING

Rip-off Britain it`s called.

MrRee_2

Shock, Horror ... 30% of houses are lowered in asking price to sell.

ONLY 30%???

I have news for everyone - the figure was the SAME in the boom year of 2007! Nothing has changed!

And to get anyone to think a crash is around then that 30% needs to be 100%!!!

To put the other side of the figures ..... 70% of houses are selling for asking price and NOT dropping in price!

We all know that EA's and Houseowners, generally, ask more than they hope to get.

The fact that asking prices are now being achieved in 70% of instances means that the market is extremely healthy and not about to go downwards anytime soon!

shortchanged_2

MrRee wrote: »

Shock, Horror ... 30% of houses are lowered in asking price to sell.

ONLY 30%???

I have news for everyone - the figure was the SAME in the boom year of 2007! Nothing has changed!

And to get anyone to think a crash is around then that 30% needs to be 100%!!!

To put the other side of the figures ..... 70% of houses are selling for asking price and NOT dropping in price!

We all know that EA's and Houseowners, generally, ask more than they hope to get.

The fact that asking prices are now being achieved in 70% of instances means that the market is extremely healthy and not about to go downwards anytime soon!

What is the current level of property transactions?

MrRee_2

You tell me ...... not that it makes one jot of difference on the topic here.

pop_gun

PROUD_HOMEOWNER wrote: »

Just because the price has been reduced it doesn't mean that the sellers accepted a lower offer. Nice try at scaremongering though.

I wonder whose alternative account you are?

CRASH_BANG_WALLOP

PROUD_HOMEOWNER wrote: »

Just because the price has been reduced it doesn't mean that the sellers accepted a lower offer. Nice try at scaremongering though.

yeah yeah sibley/mrs ree/mre ree thats right the vendor cant sell at a higher price so the dude reduces the price but gets the higher price. where were you when the brains were getting handed out dude

shortchanged_2

MrRee wrote: »

You tell me ...... not that it makes one jot of difference on the topic here.

Doesn't that indicate how healthy the housing market really is?

shortchanged_2

PROUD_HOMEOWNER wrote: »

Lower prices are likely to initiate a bidding war which the vendor can put to sealed bids. Happens all the time on Location, Location, Location. Where we're you when eyes were handed out !!!!!!.

In front of you in the queue, that's for sure.

CRASH_BANG_WALLOP

PROUD_HOMEOWNER wrote: »

Lower prices are likely to initiate a bidding war which the vendor can put to sealed bids. Happens all the time on Location, Location, Location. Where we're you when eyes were handed out !!!!!!.

LLL :rotfl:you base your arguement on that dude!