Any trend for overpricing properties in your area?

Better_Days

Vomityspice wrote: »

Just spotted this one

http://www.rightmove.co.uk/property-for-sale/property-38955946.html?premiumA=true

Haven't checked the price they bought at (so may well be correctly priced), but was confused by the street view (go on, you know you want to......)

Couldn't resist :D

Dan-Dan

What about this one!!

as some will know , this is the house of the person who `offered` on ours and said she would price to sell....

http://www.rightmove.co.uk/property-for-sale/property-41342489.html

I had it out with them a few weeks ago as i belive she just simply cant afford our house but wasnt honest about it ,she said it`s what her EA`s (plus two other firms) had `valued ` it at , i tried to explain that this means nowt really but she wouldnt have it , she then revealed she needed this price or close to anyway , to by ours.....big sigh..................

She says she bought it for 250k in 2007 !!

Wobblydeb

Vomityspice wrote: »

Just spotted this one

http://www.rightmove.co.uk/property-for-sale/property-38955946.html?premiumA=true

Haven't checked the price they bought at (so may well be correctly priced), but was confused by the street view (go on, you know you want to......)

Nice street view! Perhaps it is to distract you from worrying about getting flood insurance?

shortchanged_2

Dan-Dan wrote: »

What about this one!!

as some will know , this is the house of the person who `offered` on ours and said she would price to sell....

http://www.rightmove.co.uk/property-for-sale/property-41342489.html

I had it out with them a few weeks ago as i belive she just simply cant afford our house but wasnt honest about it ,she said it`s what her EA`s (plus two other firms) had `valued ` it at , i tried to explain that this means nowt really but she wouldnt have it , she then revealed she needed this price or close to anyway , to by ours.....big sigh..................

She says she bought it for 250k in 2007 !!

This case is a good example as to why the housing market is so dysfunctional in the UK at the moment.

Dan-Dan

honestly , my wife and i , and probably my kids , will be passed on before it sells!!!

shortchanged_2

I've just been looking at the latest releases of the sold prices in my local area for actual sold prices and I'm gobsmacked by how much lower some of them actually sold for compared to their asking prices.

This obviously shows how much overpricing has been going on in my local area.

Moonraker71

Brighton and Hove is insane. Properties are now coming on the market at 20-30% more than 2007 peak sold prices and going under offer within days.

Last week I saw two properties, one flat at £275k that last sold in March 2012 for £226k - 14 months ago. Showing as 'under offer' today. Both sets of particulars still online, and no improvements made in that time. Also has 999 year lease, so no lease extension to bump up the price.

Plus a small 2-bed terraced house at £295k that was sold in October 2007 at £239k. Also under offer.

I guess there are these little pockets around the country that completely defy the odds.

GirlWonder

I thought it was just me imagining it!!!

There's a VERY dated house in Chester (pink bath, 50s cladding, 60s carpets and cramped kitchen needing extending). Thing is the area is PERFECT. It's exactly where we want to be and barely anything comes for sale there.

They're asking £415,000 but given the massive amount of updating that needs doing we wouldn't want to offer more than about £320,000... Seriously!

http://www.rightmove.co.uk/property-for-sale/property-41810822.html

Better presented properties have sold in recent years for 375, 340 and 330...

Has anyone ever considered making such a low offer? I feel bad even thinking it but I honestly can see it being a money pit... And our last house taught us that lesson!

moneyistooshorttomention

Nice house...nice....nice....I like...particularly that garden.

COO! Don't know Chester price levels...aware that Chester is "nice city" - but whew!!!! That is dear....couldn't say whether its TOO dear without checking out comparative Chester prices...but whew!

phoebe1989seb

We sold this one - apologies to those that have seen it before - in Nov 2007 for £580k. The people that bought it from us have done very little to it - added an Aga, painted 4 rooms a different colour and added over £100k to the asking price.

We had already re-wired, put in new GCH, two new bathrooms & kitchen and had a new roof just prior to selling as well as re-plastering throughout. Not that it makes any difference, but they even still have some of the furniture & furnishings that we sold them displayed :eek: -

https://www.rightmove.co.uk/property-for-sale/property-37983133.html?premiumA=true