Offering under asking price

MobileSaver

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

They have to break the news to that seller that their property is also overpriced? What is PropertyLog saying about your area OP?

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Are you in the same area as the OP?

No, but I've just now checked the first 100 properties in what I am guessing is the OP's area and that's the same; the vast majority have not had any reductions and indeed PropertyLog shows that more than a few have actually put their prices up since listing on Rightmove!

Why are both properties still on the market, one since the summer?

I have no idea, it could be any one of 101 different reasons. Do you know why? (And I mean do you actually know the reason rather than just your usual agenda-driven speculation? )

Whatever the reason does it change the fact that the vast majority of properties are correctly priced or even under-priced?

Recent sales data says otherwise.

https://www.plumplot.co.uk/house-prices-by-region.html

For the last few years you have been claiming that properties are overpriced because PropertyLog shows owners are reducing prices. As soon as it is pointed out that in fact PropertyLog shows the vast majority of properties are NOT reduced/overpriced you backtrack and link to a different site.

Can you explain exactly which page/graph on the plumplot site shows properties are overpriced?

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

They have to break the news to that seller that their property is also overpriced? What is PropertyLog saying about your area OP?

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Are you in the same area as the OP?

No, but I've just now checked the first 100 properties in what I am guessing is the OP's area and that's the same; the vast majority have not had any reductions and indeed PropertyLog shows that more than a few have actually put their prices up since listing on Rightmove!

Why are both properties still on the market, one since the summer?

I have no idea, it could be any one of 101 different reasons. Do you know why? (And I mean do you actually know the reason rather than just your usual agenda-driven speculation? )

Whatever the reason does it change the fact that the vast majority of properties are correctly priced or even under-priced?

Recent sales data says otherwise.

https://www.plumplot.co.uk/house-prices-by-region.html

For the last few years you have been claiming that properties are overpriced because PropertyLog shows owners are reducing prices. As soon as it is pointed out that in fact PropertyLog shows the vast majority of properties are NOT reduced/overpriced you backtrack and link to a different site.

Can you explain exactly which page/graph on the plumplot site shows properties are overpriced?

 Most property showing up with PL is still unsold or might come back to market so you might see a reduction in future, I have always said that PL is a good guide to seller sentiment though not that it is a graph of property prices in the UK, it doesn`t matter how many people don`t reduce it is the actual houses sold that make the market. With the Plumplot link you are looking at "sales".

Crashy_Time

MobileSaver said:

Crashy_Time said:

pinkshoes said:

If you go throwing around low offers on properties that you're not all that interested in then the EA will start to think you're a time waster and you won't be on their list of people they call when something good comes on the market.

They have to break the news to that seller that their property is also overpriced? What is PropertyLog saying about your area OP?

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Can you link, or tell us how long they have been on the market?

TheJP

Please stop putting coins into the Crashy machine...

OP how is the search going and has your criteria changed as a result of some of the advice/comments on here?

MobileSaver

Crashy_Time said:

MobileSaver said:

For the last few years you have been claiming that properties are overpriced because PropertyLog shows owners are reducing prices. As soon as it is pointed out that in fact PropertyLog shows the vast majority of properties are NOT reduced/overpriced you backtrack and link to a different site.

Can you explain exactly which page/graph on the plumplot site shows properties are overpriced?

PL is a good guide to seller sentiment though not that it is a graph of property prices in the UK, it doesn`t matter how many people don`t reduce it is the actual houses sold that make the market.

That seller sentiment clearly shows the vast majority are happy with the price they are marketing their property at; a world away from masses of sellers slashing £50k off their asking price that you would like people to believe...

Crashy_Time said:

MobileSaver said:

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Can you link, or tell us how long they have been on the market?

Not a clue and I don't have the time or inclination to repeat the exercise especially as it has little relevance to whether a property is overpriced or not. However from memory the oldest listing in my immediate area was from September 2021.

As you say, it is actual houses sold that make the market and plumplot confirms that actual houses sold over the last 12 months have increased in price in every single region of the UK and by 11% on average. So it looks like you were completely wrong again with your house price crash predictions even during the biggest national crisis in a generation.

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

For the last few years you have been claiming that properties are overpriced because PropertyLog shows owners are reducing prices. As soon as it is pointed out that in fact PropertyLog shows the vast majority of properties are NOT reduced/overpriced you backtrack and link to a different site.

Can you explain exactly which page/graph on the plumplot site shows properties are overpriced?

PL is a good guide to seller sentiment though not that it is a graph of property prices in the UK, it doesn`t matter how many people don`t reduce it is the actual houses sold that make the market.

That seller sentiment clearly shows the vast majority are happy with the price they are marketing their property at; a world away from masses of sellers slashing £50k off their asking price that you would like people to believe...

Crashy_Time said:

MobileSaver said:

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Can you link, or tell us how long they have been on the market?

Not a clue and I don't have the time or inclination to repeat the exercise especially as it has little relevance to whether a property is overpriced or not. However from memory the oldest listing in my immediate area was from September 2021.

As you say, it is actual houses sold that make the market and plumplot confirms that actual houses sold over the last 12 months have increased in price in every single region of the UK and by 11% on average. So it looks like you were completely wrong again with your house price crash predictions even during the biggest national crisis in a generation.

Unfortunately though, if as the link shows sales have collapsed then not many sellers are seeing the benefit of that rise as they can`t sell their house ............

MobileSaver

Crashy_Time said:

MobileSaver said:

As you say, it is actual houses sold that make the market and plumplot confirms that actual houses sold over the last 12 months have increased in price in every single region of the UK and by 11% on average. So it looks like you were completely wrong again with your house price crash predictions even during the biggest national crisis in a generation.

Unfortunately though, if as the link shows sales have collapsed then not many sellers are seeing the benefit of that rise as they can`t sell their house ............

What planet are you on?!?!

The latest official Land Registry figures confirm that September 2021 had the highest number of sales since these records began! Similarly the year to date figures for 2021 show the highest number of transactions in a decade. This in turn means the highest number of sellers ever saw the benefit of those prices, the exact opposite of your absurd claim...

Hedgepigs

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

For the last few years you have been claiming that properties are overpriced because PropertyLog shows owners are reducing prices. As soon as it is pointed out that in fact PropertyLog shows the vast majority of properties are NOT reduced/overpriced you backtrack and link to a different site.

Can you explain exactly which page/graph on the plumplot site shows properties are overpriced?

PL is a good guide to seller sentiment though not that it is a graph of property prices in the UK, it doesn`t matter how many people don`t reduce it is the actual houses sold that make the market.

That seller sentiment clearly shows the vast majority are happy with the price they are marketing their property at; a world away from masses of sellers slashing £50k off their asking price that you would like people to believe...

Crashy_Time said:

MobileSaver said:

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Can you link, or tell us how long they have been on the market?

Not a clue and I don't have the time or inclination to repeat the exercise especially as it has little relevance to whether a property is overpriced or not. However from memory the oldest listing in my immediate area was from September 2021.

As you say, it is actual houses sold that make the market and plumplot confirms that actual houses sold over the last 12 months have increased in price in every single region of the UK and by 11% on average. So it looks like you were completely wrong again with your house price crash predictions even during the biggest national crisis in a generation.

Unfortunately though, if as the link shows sales have collapsed then not many sellers are seeing the benefit of that rise as they can`t sell their house ............

😂😂😂 ok, ok, you don't actually believe a word you are saying, do you? You are just winding everyone up (and doing a grand job of it!)

Crashy_Time

MobileSaver said:

Crashy_Time said:

MobileSaver said:

As you say, it is actual houses sold that make the market and plumplot confirms that actual houses sold over the last 12 months have increased in price in every single region of the UK and by 11% on average. So it looks like you were completely wrong again with your house price crash predictions even during the biggest national crisis in a generation.

Unfortunately though, if as the link shows sales have collapsed then not many sellers are seeing the benefit of that rise as they can`t sell their house ............

What planet are you on?!?!

The latest official Land Registry figures confirm that September 2021 had the highest number of sales since these records began! Similarly the year to date figures for 2021 show the highest number of transactions in a decade. This in turn means the highest number of sellers ever saw the benefit of those prices, the exact opposite of your absurd claim...

Wow, quite a spike there, what do you think caused it?

Crashy_Time

Hedgepigs said:

Crashy_Time said:

MobileSaver said:

Crashy_Time said:

MobileSaver said:

For the last few years you have been claiming that properties are overpriced because PropertyLog shows owners are reducing prices. As soon as it is pointed out that in fact PropertyLog shows the vast majority of properties are NOT reduced/overpriced you backtrack and link to a different site.

Can you explain exactly which page/graph on the plumplot site shows properties are overpriced?

PL is a good guide to seller sentiment though not that it is a graph of property prices in the UK, it doesn`t matter how many people don`t reduce it is the actual houses sold that make the market.

That seller sentiment clearly shows the vast majority are happy with the price they are marketing their property at; a world away from masses of sellers slashing £50k off their asking price that you would like people to believe...

Crashy_Time said:

MobileSaver said:

I've just checked PropertyLog for over 100 properties in my extended area and the vast majority of them have had no reductions. Using your logic that must mean that the vast majority of properties are correctly priced or under-priced?

Can you link, or tell us how long they have been on the market?

Not a clue and I don't have the time or inclination to repeat the exercise especially as it has little relevance to whether a property is overpriced or not. However from memory the oldest listing in my immediate area was from September 2021.

As you say, it is actual houses sold that make the market and plumplot confirms that actual houses sold over the last 12 months have increased in price in every single region of the UK and by 11% on average. So it looks like you were completely wrong again with your house price crash predictions even during the biggest national crisis in a generation.

Unfortunately though, if as the link shows sales have collapsed then not many sellers are seeing the benefit of that rise as they can`t sell their house ............

😂😂😂 ok, ok, you don't actually believe a word you are saying, do you? You are just winding everyone up (and doing a grand job of it!)

Ok, ok, if they are downsizing they might see a benefit, as long as no major repairs crop up, LOL.