M
mercman
Guest
Hate to tell you, but if it's the same London I'm involved in, well Yes it has. The market there is grinding to a halt, North, South and Central, and prices off a minimum of 25%
Could it be a case that if the vendors have asked for 275,000 for the house that they have already reduced it in relation to similar properties in the area?
Burrito. Did you buy around Cong / Clonbur if I may ask ??
Perfect sense. If the price is right (at a level that someone will be interested)then it will sell. However this is a rare attitude amongst vendors. Taking the opinion "why should I drop my asking price?" - To sell it of course.Pretty obvious.Now I knew there was no way I was going to get 320,000 for my house if there was already houses with that asking price not selling. When I picked my estate agent I told her I wanted my house to be priced at 275,000. At that price I figured that I was factoring in the % decrease in asking prices that has occured over the last while. In my mind I was being realistic and do you know what??? After 4 days an offer was put in for the full asking price.
Perfect sense. If the price is right (at a level that someone will be interested)then it will sell. However this is a rare attitude amongst vendors. Taking the opinion "why should I drop my asking price?" - To sell it of course.Pretty obvious.
OP, Neil,
Any update on this one mate
I have a 'BAD' EA story with a HAPPY ENDING
MORAL OF STORY:
(1) its a buyers market
(2) If it smells like a fish it IS a fish
(3) Go direct if you want the house...or anything for that matter
Last week For Sale sign re-appeared and house is re-listed on myhome.ie (with same EA) for same price.
Fishy eh?
Or, the other party pulled out, I know that doesn't bode well with the 'their always out to screw us brigade' but amazingly it happens, just look at advice thats given here on a regular basis and the questions being asked its often 'will i get my deposit back if I pull out now' or 'bid on as many houses as you like and go for the best deal'.