So, what asking price did they start at?

clobber_2

I wonder if anyone could help out here.

We have seen a property we are vaguely interested in, in a "not at that price, drop a bit and then we'll think" kind of a way.

It is on at 325k. This is higher than the previous highest selling price in that road (290k), and that was for a bigger detached property in July 2007.

Propertysnake tells me it went on for 330k in march but the EA's particulars were prepared in October 2007. I suspect it was on for more, taken off and reduced before going back on in March.

Is there any way of finding out if I am right?

poppysarah

Ask at the library if they have the property sections kept with the papers?

Kez100

What does it matter?

The starting price may have been some sky high figure just to see if there were any idiots outs out there?

Their price may be skewed due to the level of their mortgage?

Whatever the price was based on that ain't the market we are sitting in now so it's irrelevant.

Basically what matters is not what it was on for but what it is worth and you would be daft to pay a penny more. I'd bear in mind the real sale you know about and look for evidence of prices of others in the area selling. Then offer based on what you know not what might be going on in the heads of the owners.

Yes, you may lose it, but there will be another one day on the market at a realistic price.

clobber_2

It doesn't matter a jot. Even in it's dropped from a gazillion, I'm not buying it for 325k and have no qualms about walking away.

I'm just nosey.

Kez100

I'd personally put all my energies in trying to establish what it's worth now, which can't be an easy job. If that takes a week you'll have saved another thousand too, the way prices are falling!

HankMcSpank

Kez100 wrote: »

I'd personally put all my energies in trying to establish what it's worth now, which can't be an easy job. If that takes a week you'll have saved another thousand too, the way prices are falling!

I'm puzzled why anyone would want to put too much effort into trying to establish present market worth *now* because in two months it'll be less, & then two months after that less ...much less.

Why bother?!

this is just the start.

pickles110564

Offer £255k and tell them that this offer is only on the table for 1 day, any longer and the offer will drop accordingly.

Kez100

HankMcSpank wrote: »

I'm puzzled why anyone would want to put too much effort into trying to establish present market worth *now* because in two months it'll be less, & then two months after that less ...much less.

Why bother?!

this is just the start.

*If* you are going to offer now you need to establish it's present worth. What you then knock off of that value to insure against future drops is up to the OP, but they need a starting point and that's not it's original marketed price.

I would also wait and I wouldn't look at all at the moment, but everyone is different.

pickles110564

[quote=Kez100;11073813I_would_also_wait_and_I_wouldn't_look_at_all_at_the_moment,_but_everyone_is_different.[/quote]

If the price is right I would not hesitate to add to my properties, I have several couples that are waiting for me to supply them with loverly rentable homes.

Davesnave

You might be able to use the Wayback Machineto find old EA internet pages. I did this last week to find out how much a house went on for originally in 2006. (It had just come back on the market.)

Just Google 'Wayback Machine.'

BARGAINHUNTER!

I have just looked at the Wayback Machine site - amazing! However, I have a question. I am able to find the old estate agents pages, but I am only able to view the front pages, ie I cannot use these front pages to see what properties were on the market then - it just comes back page not found. how do I view the actual pages showing the property that was on the market at that time?

Thanks