Estate agent tactic?

Could be they are competing on commission amongst each other. However, a house on sale for a grand cheaper. Hmmm, interesting... Aren't they supposed to be rising by a zillion quid each day?

Well its not on the original office now - and there have been a couple on that street - one of which was reduced and then taken off the market.

Some properties are offered by several independent estate agent. I don't know how they divide up the commission, but I'm sure someone does.

The "asking price" at any time is just a guide. A seller may want 100k, but be advised to advertise at 110k to get this as some buyers like to feel they have "won" by buying for less than the asking price. Indeed, an offer at the asking price can be rejected (for property). It is possible that the seller of this property agreed to "ask" one price for the first week and another for the next week if no good offers were received. It would be interesting to call the first office to ask the situation and price.

The idea of a property being "new" means little. Agents like to have a certain proportion of "new" offerings. When things are going slowly, some of these "new" properties could have been on the market for several weeks.

Yes, it is naughty, but then that is why estate agents have the reputation they do.

Possibly the two estate agent's offices were originally seperate firms and they are still run as independant offices with their own policies.

DG

In message , mogga writes

probably illegal, (Criminal offence under Property Misdescriptions Act), but will only be stopped if reported to Trading Standards.

It is certainly illegal in one office, and I would guess that Trading Standards would deem it academic that there are two offices involved.

What misdescription? The property isn't being described as "new" in the sense of new-build, but as "new here", i.e. not advertised here before.