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Do housese find their price...

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  • witchy1066
    witchy1066 Posts: 640 Forumite
    DRP your house was obviously worth it to the person who bought , and you had other buyers waiting just in case, your house was obviously priced to sell, yes you would have been crazy not to take the high offer but this isn't always the case , sellers over price their homes and then wonder why they can not sell ,
    they have to decide do they want to sell or not

    its not high minded idealism, its reality ,

    sellers need to bear in mind , money is also tight for the buyers, trying to get a few grand off the asking price could mean the difference between them getting a mortgage or not buying that house
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    OP, I think it depends on the number of buyers there are in your price range in your location and the number of other homes in your price bracket.

    In other words supply and demand!

    In a fast moving market, if you have a desirable house in a popular locations like London where there are 10 buyers for each property you will certainly achieve more than asking if you price low.

    If you are in a less desirable area you are going to find it hard to shift your house at any price, only you know the detail.

    Each of he homes I have owned I have sold for more than asking and had biding wars to get them but they were sold in a good market and had great locations.
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