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Vendor waiting for more viewings

135

Comments

  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    A drop in London property prices is "inevitable," according to a London estate agent.

    What's that saying about how you can tell when an EA is lying?... Ah yes, every time their lips move....

    Sorry, I'm being flippant, and this bloke's clearly telling the truth. After all, given the professional qualifications one needs to pass before Johnny shiny-suited salesman can call himself an Estate Agent....
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ReadingTim wrote: »
    What's that saying about how you can tell when an EA is lying?... Ah yes, every time their lips move....

    Sorry, I'm being flippant, and this bloke's clearly telling the truth. After all, given the professional qualifications one needs to pass before Johnny shiny-suited salesman can call himself an Estate Agent....


    Were they lying when they said prices only went up as well?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    https://thenegotiator.co.uk/report-reveals-carnage-london-sales-market/


    Depending where the OP`s vendor is, they may be waiting some time for more viewings.....:rotfl:And of course the fewer people who can sell in London, the fewer buyers there will be looking to downsize to the surrounding areas of London.
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ReadingTim wrote: »
    I'd suggest this is the perfect time to book some viewings of comparable properties on the books of the same agent: helps establish you as a serious buyer, but not totally in love with the original property that you can be played into paying over the odds for it...
    I don't disagree.

    But consider the scenario...
    Buyer A and buyer B both put in offers on a property.
    Buyer A's second favourite property is with the same estate agent.
    Buyer B's second favourite property is with a different agent.

    I wonder which buyer the estate agent will suggest to the vendor is "better"?
  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Were they lying when they said prices only went up as well?

    Even a broken clock is right twice a day
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    ReadingTim wrote: »
    Even a broken clock is right twice a day


    My guess is that if the government go ahead and ban agency fees the agents are going to have to go hell for leather getting sellers to drop their prices to put food on the table. Should be interesting.....:money:
  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    My guess is that if the government go ahead and ban agency fees the agents are going to have to go hell for leather getting sellers to drop their prices to put food on the table.

    Not sure it panned out quite that way in Scotland, but one can always hope. And weren't similarly dire predictions were made following the amendments to stamp duty re. 2nd properties and BTL? And the Mortgage Market Review?

    That's the thing with the end of the world doomsayers - it's always around the next corner, we just misread the signs the last time. Still, the top of the mountain's just over this next little hill....
  • glasgowdan
    glasgowdan Posts: 2,968 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    AdrianC wrote: »
    Yes, but why...?

    Did they find the planning application for a sewage plant next to the back garden? Did they notice the battle-to-the-death between the Japanese Knotweed and the dry rot? Did they recognise the neighbours in the local paper's crime column?

    Or were they simply made redundant, or their sale collapsed?

    Come on, stop being a pest! This happens all the time, I see loads of houses being marked as sold then appearing back on the market. Buyer nerves, skittishness/bad planning.
  • glasgowdan
    glasgowdan Posts: 2,968 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ReadingTim wrote: »
    Not sure it panned out quite that way in Scotland, but one can always hope. And weren't similarly dire predictions were made following the amendments to stamp duty re. 2nd properties and BTL? And the Mortgage Market Review?

    That's the thing with the end of the world doomsayers - it's always around the next corner, we just misread the signs the last time. Still, the top of the mountain's just over this next little hill....

    Most regulars have learned that certain posters simply know nothing about house buying and selling and the market in general. Crashy Legend is one of them.
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