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Property up for sale for almost a year

connors07
Posts: 123 Forumite

I am due to view a property which has been on the market for a long time, coming upto a year later this month. It ticks a lot of boxes for what I'm looking for but considering what has been and gone in the area I can't understand why this one has taken so long. There is quite a few price changes throughout the year it's been upto for sale too.
It is currently on the market for £185k but has changed price 5 times. Varying from between £170k to the current price of £185k
First listed at £180k
£185,000 Increased on: Apr 2014
£175,000 Reduced on: Jun 2014
£170,000 Reduced on: Jul 2014
£180,000 Increased on: Jul 2014
£185,000 Increased on: Dec 2014
Has anyone had any viewings for something similar in terms of being on the market for a year or numerous price changes? If so what kind of explanations did you get when you questioned?
Could it be constant breakdown of sales or a vendor who isn't serious about selling and enjoying finding out what kind of offers they can get?
I've just had a purchase fall flat by a vendor who wasn't truly interested in selling by all accounts so trying to avoid any further time wasters.
Any advice that can be offered or good questions to ask would be much appreciated.
It is currently on the market for £185k but has changed price 5 times. Varying from between £170k to the current price of £185k
First listed at £180k
£185,000 Increased on: Apr 2014
£175,000 Reduced on: Jun 2014
£170,000 Reduced on: Jul 2014
£180,000 Increased on: Jul 2014
£185,000 Increased on: Dec 2014
Has anyone had any viewings for something similar in terms of being on the market for a year or numerous price changes? If so what kind of explanations did you get when you questioned?
Could it be constant breakdown of sales or a vendor who isn't serious about selling and enjoying finding out what kind of offers they can get?
I've just had a purchase fall flat by a vendor who wasn't truly interested in selling by all accounts so trying to avoid any further time wasters.
Any advice that can be offered or good questions to ask would be much appreciated.
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Comments
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Is it a probate or divorce sale where the beneficiaries or divorcing couple can't agree??0
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Does Property Bee ever show that it changed to SOLD STC?Changing the world, one sarcastic comment at a time.0
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Not been able to get Property Bee working for me unfortunately.0
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Perhaps link the property and someone else can paste the resultsChanging the world, one sarcastic comment at a time.0
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PM'ed you - hope thats ok!0
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Ask the agent!0
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23/02/2015
Status changed: from 'null' to 'Available'
22/01/2015
Price changed: from '£160,000' to '£165,000'
Status changed: from 'Sold STC' to 'null'
21/09/2014
Status changed: from 'null' to 'Sold STC'
20/08/2014
Price changed: from '£150,000' to '£160,000'
01/07/2014
Price changed: from '£155,000' to '£150,000'
11/06/2014
Price changed: from '£160,000' to '£155,000'
16/05/2014
Price changed: from '£165,000' to '£160,000'
21/04/2014
Initial entry found.Changing the world, one sarcastic comment at a time.0 -
Yep looks like it was off the market for a while. Looks like they had to drop the price to 150k to get interest, sold it STC for 160 then put it back on the market after it fell through, thinking prices have gone up so why not try 165k?
Thank you! Really appreciate finding that out. I will take that into consideration when viewing.0 -
Go with an open mind. Our house went on the market in May for £164,995. Then EA persuaded us to change to a guide price of £160-165k. In that time we SSTC. Sale fell through. Went back on the market at £165k and SSTC again. If this sale falls through (hopefully not) we would probably be going back on the market at at least £175k due to rises in the market here.
So a bit like the one you are going to view, up and down, but valid reasons.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...:D:D
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