Asking prices seem high

Tancred

w00519772 wrote: »

I am finding it difficult to establish fair offers for houses (the offers are getting rejected). Please see the examples below:

1) House 1: http://www.zoopla.co.uk/for-sale/details/30861290?search_identifier=9bb0f7d90bf0cae6abd05eb352a7b385. This house has been on the market for three months. It was last bought on 30th Apr 2003. Since buying from new the vendors have not added any value to the property. It was a new build so there was probably a premium added when it was bought. This website values this house at: £146,017: http://houseprices.landregistry.gov.uk/price-calculator. 20 Exley Square is the same house and it sold for 150,000 earlier this year.

2) House 2: http://www.zoopla.co.uk/for-sale/details/30759842?search_identifier=d70d5f5baeac8b36d00b15e0fea171f0. This house has been on the market for three months. It was last bought on December 2005 for 158,000. The house next door, which is exactly the same house sold for 140K (same interior) earlier this year.

I have used the following website in my analysis, which seems to support what I am saying: http://houseprices.landregistry.gov.uk/price-calculator.

There are other houses that follow this theme. It seems to me that asking prices are massively inflated? Am I missing something?

Has it not occurred to you to look somewhere cheaper?