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Unrealistic asking price?
Comments
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https://www.rightmove.co.uk/property-for-sale/property-67592137.html
60k off the price of this one since last year, will another 15k price cut get it sold?0 -
Crashy_Time wrote: »https://www.rightmove.co.uk/property-for-sale/property-67592137.html
60k off the price of this one since last year, will another 15k price cut get it sold?
Who knows? The thing about slow gradual reductions is that the listing goes stale in the meantime, and it probably ends up getting reduced to a lower price than if it had been listed for a realistic price in the first place. Greed is not cost free.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
We are looking to buy in a similar area and it seems prices have risen a lot since 2015.
I'd suggest looking at what very similar houses are selling for. If that's the price, then it's fair, if it's well over other similar properties then bid lower and wait until they eventually realise noone will pay.0 -
Diocletian_II wrote: »Who knows? The thing about slow gradual reductions is that the listing goes stale in the meantime, and it probably ends up getting reduced to a lower price than if it had been listed for a realistic price in the first place. Greed is not cost free.
So true, as many are finding out.0 -
Here`s a quirky one, 65k price reduction so far....
https://www.rightmove.co.uk/property-for-sale/property-79913096.html0 -
No, you're not correct. I wish it were possible to buy property now at 2011 prices, but it's not.MortgageDonkey wrote: »Am I correct in thinking house prices are currently similar to 2011
The only way you can find out whether it's over-priced is to look at similar house prices in the area and compare.0 -
kdotdotdotdot wrote: »No, you're not correct. I wish it were possible to buy property now at 2011 prices, but it's not.
The only way you can find out whether it's over-priced is to look at similar house prices in the area and compare.
Sales volumes on the other hand are lower than 1995, so it would be wise to consider that most prices are just kite flyers now and hold your composure a while longer?
https://www.plumplot.co.uk/Huddersfield-property-transactions.html0 -
Crashy_Time wrote: »Sales volumes on the other hand are lower than 1995, so it would be wise to consider that most prices are just kite flyers now and hold your composure a while longer?
https://www.plumplot.co.uk/Huddersfield-property-transactions.html
Gosh, sales in Huddersfield have really fallen off a cliff, halving in the last 12 months.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Diocletian_II wrote: »Gosh, sales in Huddersfield have really fallen off a cliff, halving in the last 12 months.
Plenty of other regions as well......
https://www.plumplot.co.uk/0 -
Crashy_Time wrote: »Sales volumes on the other hand are lower than 1995, so it would be wise to consider that most prices are just kite flyers now and hold your composure a while longer?
https://www.plumplot.co.uk/Huddersfield-property-transactions.htmlDiocletian_II wrote: »Gosh, sales in Huddersfield have really fallen off a cliff, halving in the last 12 months.
I wonder how many months of 2019 transactions are represented in that graph...? Oh, wait. It says at the top that the figures are up to August 2019... Be interesting to see how the full year figures compare, wouldn't it?
And, yes, they're still lower than 2007. But the average price looks to be higher.0
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