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Psychological Pricing

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Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Scotbot said:
    I know the area well.  The house was bought in 2017 for 173, I bought in 2017 and would expect  a10% rise which takes you to 190. I  think some of the asking prices at present are overly ambitious and they are not selling. I agree Boldmere is lovely but  I run down Boldmere road regularly and it takes me more than 5 minutes!
    I was a bit surprised by the 5 minute claim. 
    I find Google maps walking to be quite accurate. 
    5 mins gets you to that convenience store/furniture shop. 
    The real shops seemed to be more like 25mins walk. 
  • Scotbot
    Scotbot Posts: 1,546 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    edited 21 August 2020 at 8:34AM
    Scotbot said:
    I know the area well.  The house was bought in 2017 for 173, I bought in 2017 and would expect  a10% rise which takes you to 190. I  think some of the asking prices at present are overly ambitious and they are not selling. I agree Boldmere is lovely but  I run down Boldmere road regularly and it takes me more than 5 minutes!
    10% rise? I honestly think you would be doing exceptionally well to break even on the 2017 price, and TBH I can`t see that happening.
    Sorry to upset you crashy but the  actual rise  based on land registry sales where I live nearby is 16%. 
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Scotbot said:
    Scotbot said:
    I know the area well.  The house was bought in 2017 for 173, I bought in 2017 and would expect  a10% rise which takes you to 190. I  think some of the asking prices at present are overly ambitious and they are not selling. I agree Boldmere is lovely but  I run down Boldmere road regularly and it takes me more than 5 minutes!
    10% rise? I honestly think you would be doing exceptionally well to break even on the 2017 price, and TBH I can`t see that happening.
    Sorry to upset you crashy but the  actual rise  based on land registry sales where I live nearby is 16%. 
    Let us know how that holds up next year? 
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