Perhaps I did the wrong thing.
I entered my full post code and got lots of properties in the surrounding streets as well.
On finding the one in my street, there was no date of sale and clicking on the entry gave me a registration page.
I gave up at this point. I like 'mine' better.
tim
By telling him he could get 210 when the best offer is 180.
Yes I know they did this to get the business, but a savvy seller should ask for a discount for an under-valuation sale to discourage this practice.
tim
That's exactly what I did yesterday morning. No reply yet ... the ball's in their court.
In message , "tim (in sweden)" writes
It's only the 1st offer, they might increase it?
What if they had suggested £180,000... the 1st offer might have been £150,000 - it's what buyers do when they think it's a buyers market...
When does a proposed asking price/valuation become "over value"?
What would you propose as a reasonable discount, and at what percentage below valuation would the discount become available?
In the good old days, if a house was on the market for £21,000, and we got an offer of £18,000, we would not necessarily have felt as though it had been overvalued. The scenario described here is the same in %age terms.
The other problem which arises is when the 1st offer is of the asking price, and everyone thinks it was "valued" cheap for a quick sale and a quick fee - what would you propose in these circumstances.
A savvy seller knows roughly what his/her house is worth, and wont be taken in by crooked estate agents who over value, or undervalue.
E.g. say you get 3 valuations of £185,000, £190,000 and £210,000 - If you put the house on with the agent who says £210,000, you know damn well that both you, and the agent, are taking a flyer.
Or...
if you put it on the market at £210,000, expecting to get £190,000, you're not doing too badly if the 1st offer is £180,000.
........
????
Do you mean that they dont sell any houses? Or that the For Sale Signs dont change to Sold? Or what?
In the recent mini-boom round here, in breakthrough Foxton's terrritory, where 8 "Sold" signs would seem to appear overnight down any given street, it seemed to me that Foxtons sign were (and are) permanently set at "Sale". That is consisitent with them overpricing, then presenting low offers and/or waiting for the market to come to them. Either way they get the sale instead of the local agent, and they get it at a whopping 2.5%.
The "boom" has subsided for the time being. prices having gone so high no one can be tempted in to buy.
Yes
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