What do you make of this? House price going up and down...

cns06

You quite often see this in the classic car market. You can often get more interest by pricing a car at way above what its worth. You also often see these drops and rises in prices quite often as people get down to their min price and then want to start the process again. They know those people who watch the market have seen it for the last x months anyway and not made a bid so re-open the market up to fresh people at the higher price. Another issue is with the likes of right move people often search in quite a tight budget window - so if you have something on the market for £200k you will capture all those who are searching for houses £150-£200k. If you are at £250 you will find you are targeting people who search £200-£250 but also the key is the people who are at £250-£300. IYSWIM.

**Juice**

Yeah that makes sense (of sorts anyway). Looking at the history of the Rightmove listing using property bee paints a pretty weird story actually.

It looks like an offer was accepted in June when it was listed for £235k but then it was listed at £245k while still being under offer then finally the sale fell through around October time. Guessing there's a fussy seller/EA at the end of all that...

Mobeer

I think there's a combination of two things:
- a desire to sell that leads the seller to drop the price
- a belief that all prices are going up encouraging the seller to ask for more

So the seller drops their price to get interest, gets interest\offers at a lower than expected level, then ups the price to what they think they should be entitled to.

bigfreddiel

Just make an offer, show you're serious, point out the ups and downs in price, point out the negative issues and leave it with them. Even if you're rejected outright, go back in a few months when it hasn't sold and say your offer is still open. You never know

fj

konark

# 6
Nobbie1967
12-12-2015, 6:31 PM MoneySaving Stalwart


Join Date: Dec 2009
Posts: 259

Whats this?

Thanked 309 Times in 148 Posts



Why not ask the EA what's going on? The worst that can happen is that they'll lie to you.

That's also the best you can hope for!