Fantasists?

peterhjohnson

edgex said:

I can give an example of where the seller is being completely unrealistic;

1bed flat, asking for offers over £120k, been on 6 months.
A 2bed flat in the same building, everything the same except a second bedroom, sold last May for £95k.
They're asking for more than the 2bed sold for 13 years ago when new!

So can anyone. It's not hard. But can you give 30 examples?
There have always been "optimistic" sellers and there probably always will be but there's many more sensibly priced

[Deleted User]

Property is only worth what someone is willing to pay. Sellers can be as optimistic as they like, but if nobody is willing to pay that much it won't help.

diystarter7

peterhjohnson said:

edgex said:

I can give an example of where the seller is being completely unrealistic;

1bed flat, asking for offers over £120k, been on 6 months.
A 2bed flat in the same building, everything the same except a second bedroom, sold last May for £95k.
They're asking for more than the 2bed sold for 13 years ago when new!

So can anyone. It's not hard. But can you give 30 examples?
There have always been "optimistic" sellers and there probably always will be but there's many more sensibly priced

Hi

In fairness to the poster you quoted, I get email alerts for RM in areas of the city I live in and almost getting daily email alerts about prices being "reduced" so they were priced too high. Therefore it is happening more often than you think.

Thnaks

jimbog

[Deleted User] said:

Property is only worth what someone is willing to pay. Sellers can be as optimistic as they like, but if nobody is willing to pay that much it won't help.

But they only need one buyer.

 Why not be optimistic? How else would you know? 

A price can always be lowered 

LV_426

My Mrs keeps pointing out properties that are selling for £100k more than they did 2 years ago. It's irrelevant.
Then I remind her how much we paid for ours 2 years ago, and what we're asking now.

GaleSF63

mark_cycling00 said:

A quick online look at chalford explains that it's in the "golden valley" between Stroud (recently named best place to live in UK) and Cirencester (Roman capital of the Cotswolds)

There are survey results appearing in the media all the time naming best places to live, visit, buy in, hardly ever duplicating anywhere. Wait long enough and most places will make it onto a list. Some have been on both best and worst lists. 

StevenB12

We have a large contract with a company who will buy houses that have suffered subsidence damage etc.

Long story short, this company bought 18 houses which had suffered subsidence damage, new builds, had all been bought and lived in. They bought them after arranging a price for all of them with the home builder and each owner got paid a percentage and put up in hotels etc. 

We've just finished some work on one house, 3 bedrooms, terraced, small garden, small kitchen, small bedrooms etc. It was bought for 94k in 2020, it has now just been sold for £198k

3 other residents of the homes that were rebuilt have also just sold up for over £100k more than they were bought for...yet the undamaged properties in the estate, have all remained at the same valuations apparently. 

mi-key

[Deleted User] said:

Property is only worth what someone is willing to pay. Sellers can be as optimistic as they like, but if nobody is willing to pay that much it won't help.

And the flipside is property is worth what someone is willing to sell for. Buyers can be as optimisitic as they like, but if nobody is willing to lower their price enough for them to buy, then it won't help them either

jimbog

GaleSF63 said:

mark_cycling00 said:

A quick online look at chalford explains that it's in the "golden valley" between Stroud (recently named best place to live in UK) and Cirencester (Roman capital of the Cotswolds)

There are survey results appearing in the media all the time naming best places to live, visit, buy in, hardly ever duplicating anywhere. Wait long enough and most places will make it onto a list. Some have been on both best and worst lists. 

usually 'click-baits'

edgex

mi-key said:

edgex said:

I can give an example of where the seller is being completely unrealistic;

1bed flat, asking for offers over £120k, been on 6 months.
A 2bed flat in the same building, everything the same except a second bedroom, sold last May for £95k.
They're asking for more than the 2bed sold for 13 years ago when new!

How much is a 2 bed flat selling for now though? The 2 bed sold nearly a year ago

That's the last public sale.

The 2bed sold for £110k when new in 2010, £96k in 2015.


A newer, & better EPC, 2bed 15minutes drive away, which needs redecoration, sold at auction this month for £66k.
Both developments are in suburbs about the same distance from city centre.