For Sale Signs

hazyjo

squirrel99 wrote: »

I can see this being a problem. for example, me and my husband saw a new house on rightmove and it seemed quite perfect for us, so we decided to drive by that night to see it from outside. to our surprise it had 'sold' sign out, so we left it at that. two weeks later, the house is still on rightmove as available....

Bit different with a house though. It's a flat - who's to say it's not a different one. A buyer would be crazy to presume it's the same flat and not ring. Offer could have been accepted on another flat months ago.

G_M

If there is, as they say, little passing traffic, it will have made little different. Personally I never agree to signs at all. Especally if the property is often empty!

The guy who put the sign up was a minimum-wage chap in a van, employed by a sign company, contracted by the the EA. An error was made in the instruction or in implementation. The actual chap would certainly not query why a 'sold' sign was wanted witthout a previous 'for sale' - he'd just stick it up and drive on to the next job.

By all means switch agent when your contract is up, but otherwise, forget it.

victoriavictorious

squirrel99 wrote: »

I can see this being a problem. for example, me and my husband saw a new house on rightmove and it seemed quite perfect for us, so we decided to drive by that night to see it from outside. to our surprise it had 'sold' sign out, so we left it at that. two weeks later, the house is still on rightmove as available....

Similar thing happened to us last week. Saw house on RM, phoned agent to book a viewing and told it was under offer. Asked why it was still showing on RM as available and agent said it takes time to change the status to sold, which I know for a fact is utter cobblers.
They do this to entice people to ring up, they get their contact details and try to sell them something else on their books that hasn't shifted.

Crashy_Time

squirrel99 wrote: »

I can see this being a problem. for example, me and my husband saw a new house on rightmove and it seemed quite perfect for us, so we decided to drive by that night to see it from outside. to our surprise it had 'sold' sign out, so we left it at that. two weeks later, the house is still on rightmove as available....

They want to pretend that the market is moving, when it clearly isn`t, these signs are aimed at desperate sellers hoping for a bite, but like much advertising nowadays most people probably don`t even notice it. EA`s don`t care about what prospective buyers think, they just want sellers on their books and their company name plastered about town on signs IMO, many will still only be afloat because of their rental business and the opportunity this gives them to gouge tenants for made up fees IMO.

caprikid1

"They want to pretend that the market is moving, when it clearly isn`t"


Yawn - Ask an estate agent the issue and I think you find lack of supply not lack of demand.

Crashy_Time

caprikid1 wrote: »

"They want to pretend that the market is moving, when it clearly isn`t"


Yawn - Ask an estate agent the issue and I think you find lack of supply not lack of demand.

The demand is at a lower price though, that is why there is a lack of supply. All this nonsense is facilitated by record low interest rates, hopefully soon going up Any way you look at it the market isn`t moving as it needs to.