Sold STC History

itssmallstuff

Guys

I'm aware of browser plugins which show asking price changes for Rightmove which are great. Is there anything that shows history of Sold STC/underoffer

I.e. property listed - then went under offer - something happened and the property was on the market again?

Reason I ask-

I see a property listed in July 21, and still on market. But I am sure it was under offer before... How can I know how many times did the property went under offer before coming back on the market?

Thrugelmir

Ask the EA. 

Slithery

itssmallstuff said:

I'm aware of browser plugins which show asking price changes for Rightmove which are great. Is there anything that shows history of Sold STC/underoffer

I.e. property listed - then went under offer - something happened and the property was on the market again?

If any of those terms had any legal meaning then such a website might prove useful.
However, as they are completely irrelevant and meaningless then there's no point. Some EA's use 'Sold STC', some use 'Under Offer' and some never change the sign from 'For Sale' until after completion.

itssmallstuff

Slithery said:

itssmallstuff said:

I'm aware of browser plugins which show asking price changes for Rightmove which are great. Is there anything that shows history of Sold STC/underoffer

I.e. property listed - then went under offer - something happened and the property was on the market again?

If any of those terms had any legal meaning then such a website might prove useful.
However, as they are completely irrelevant and meaningless then there's no point. Some EA's use 'Sold STC', some use 'under-offer' and some never change the sign from 'Sold' until after completion.

Thanks. On that basis, what's the point in knowing asking price changes which some browser plugins track.. that too have no legal significance...?!?!

itssmallstuff

Thrugelmir said:

Ask the EA. 

If only they did not have their tongue in cheeks all the time... I've mostly see them cover up stuff..

Thrugelmir

itssmallstuff said:

Thrugelmir said:

Ask the EA. 

If only they did not have their tongue in cheeks all the time... I've mostly see them cover up stuff..

Cover what stuff up? Not in their interest too. No benefit in them wasting their time when they don't get paid for it.  You'll obtain more information from the EA than asking questions of a random bunch of strangers on an internet forum. Then dismissing out of hand any pragmatic suggestions made.

itssmallstuff

Thrugelmir said:

itssmallstuff said:

Thrugelmir said:

Ask the EA. 

If only they did not have their tongue in cheeks all the time... I've mostly see them cover up stuff..

Cover what stuff up? Not in their interest too. No benefit in them wasting their time when they don't get paid for it.  You'll obtain more information from the EA than asking questions of a random bunch of strangers on an internet forum. Then dismissing out of hand any pragmatic suggestions made.

So,

If a property came back on the market for say, lender under valuing the property - do you think they will say that when asked? Or, survey finding structural issues, would they mention it?

Slithery

itssmallstuff said:

Slithery said:

itssmallstuff said:

I'm aware of browser plugins which show asking price changes for Rightmove which are great. Is there anything that shows history of Sold STC/underoffer

I.e. property listed - then went under offer - something happened and the property was on the market again?

If any of those terms had any legal meaning then such a website might prove useful.
However, as they are completely irrelevant and meaningless then there's no point. Some EA's use 'Sold STC', some use 'under-offer' and some never change the sign from 'For-sale' until after completion.

Thanks. On that basis, what's the point in knowing asking price changes which some browser plugins track.. that too have no legal significance...?!?!

They at least give you some indication to what the actual value of the property is.

If it's been reduced several times without selling then you know that it was originally overpriced.

Ask the EA....

TBG01

itssmallstuff said:

Thrugelmir said:

itssmallstuff said:

Thrugelmir said:

Ask the EA. 

If only they did not have their tongue in cheeks all the time... I've mostly see them cover up stuff..

Cover what stuff up? Not in their interest too. No benefit in them wasting their time when they don't get paid for it.  You'll obtain more information from the EA than asking questions of a random bunch of strangers on an internet forum. Then dismissing out of hand any pragmatic suggestions made.

So,

If a property came back on the market for say, lender under valuing the property - do you think they will say that when asked? Or, survey finding structural issues, would they mention it?

No. 

It may come as a surprise, but estate agents aren't there to sell you a property with a good title and or in sound condition. They aren't going to jeopardize a sale and in turn the hefty commission they're about to "earn".

As someone that works in conveyancing, one of the most disheartening things I see on here is people siding with the estate agents without stopping to think why they might one to push through with the sale.

eddddy

itssmallstuff said:

Thrugelmir said:

itssmallstuff said:

Thrugelmir said:

Ask the EA. 

If only they did not have their tongue in cheeks all the time... I've mostly see them cover up stuff..

Cover what stuff up? Not in their interest too. No benefit in them wasting their time when they don't get paid for it.  You'll obtain more information from the EA than asking questions of a random bunch of strangers on an internet forum. Then dismissing out of hand any pragmatic suggestions made.

So,

If a property came back on the market for say, lender under valuing the property - do you think they will say that when asked? Or, survey finding structural issues, would they mention it?

Consumer protection laws are tougher than you imagine.

If the EA omits material information or hides material information, they're breaking the law. Structural issues found in a survey are almost certainly material information.

So they should disclose that information, even if they're not asked.


Having said that, I'm sure that some EAs do break the law. But maybe the way to stop them is by challenging those EAs when they do it, or maybe reporting them.  Otherwise they'll probably just continue doing it.


FWIW, the relevant law is The Consumer Protection from Unfair Trading Regulations 2008. See: https://www.legislation.gov.uk/uksi/2008/1277/regulation/6/made

HotPantsCruiser

itssmallstuff said:

Slithery said:

itssmallstuff said:

I'm aware of browser plugins which show asking price changes for Rightmove which are great. Is there anything that shows history of Sold STC/underoffer

I.e. property listed - then went under offer - something happened and the property was on the market again?

If any of those terms had any legal meaning then such a website might prove useful.
However, as they are completely irrelevant and meaningless then there's no point. Some EA's use 'Sold STC', some use 'under-offer' and some never change the sign from 'Sold' until after completion.

Thanks. On that basis, what's the point in knowing asking price changes which some browser plugins track.. that too have no legal significance...?!?!

They give you a feel for seller sentiment in the area and lat you know how much you could reduce an offer by in negotiation for example, I`m assuming you are using PropertyLog?