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MancSearcher

Overpricing In Sale

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Zoopla values the neighbouring house (which was sold in May 2006 for 160,000) for 157,000 with a range of £151,523 - £163,593. Reed Rains with majestic aplomb offers No. 40 for 182,000. What gives? Who would even bother viewing? Although the decor is interesting!

http://pdf.reedsrains.co.uk/propimg/002_01...f/200124578.pdf

http://www.rightmove.co.uk/property-for-sa...ncludeSSTC%3Don

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Zoopla values the neighbouring house (which was sold in May 2006 for 160,000) for 157,000 with a range of £151,523 - £163,593. Reed Rains with majestic aplomb offers No. 40 for 182,000. What gives? Who would even bother viewing? Although the decor is interesting!

http://pdf.reedsrains.co.uk/propimg/002_01...f/200124578.pdf

http://www.rightmove.co.uk/property-for-sa...ncludeSSTC%3Don

Thing is, that price is cheap compared to other listings. Take a stab at "175k to 200k" and "semi-detached houses" on Rightmove and you'll see about 50 hits. Do the same search in the "200k to 300k" bracket and you'll get 150 hits! The truly insane pricing is pretty much across the board. I know, as I've been looking for a place for my mum for the past year or so in Sale or Timperley.

Still, nothing much seems to be shifting. And the way job losses are rising at the moment, I think the next year or two will see these prices battered.

Watersons had a good spell of taking over some "long on the market" properties in Hale earlier this year. Their first job was to jack the unsold prices of the previous year up by 10% or more. Needless to say, the ones I've been tracking have now all fallen back below even last years prices, so it was a silly sales tactic that didn't work. Let's face it, people aren't stupid, and they can easily track price movements and check prior sold prices. It's just EA's think people are stupid. :)

Nomadd

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Zoopla values the neighbouring house (which was sold in May 2006 for 160,000) for 157,000 with a range of £151,523 - £163,593. Reed Rains with majestic aplomb offers No. 40 for 182,000. What gives? Who would even bother viewing? Although the decor is interesting!

http://pdf.reedsrains.co.uk/propimg/002_01...f/200124578.pdf

http://www.rightmove.co.uk/property-for-sa...ncludeSSTC%3Don

zoopla's ********. Take this one (M28, Worsley)

1X XXXXXXXX, Worsley, Manchester M28 XXX

Semi-detached, Leasehold, -- Beds, -- Baths, -- Receps - Edit

Last sale: £43,500 Sale date: 21st Feb 1997

£113,653

He put it up for sale in April for £175K, under offer in 72 hours at £165K, sold and completed two weeks ago at £165K. If you believe zoopla software it tells you lies. And I think it was fair value at that.

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Zoopla values the neighbouring house...

This one has been making me laugh for a while in Sale: http://www.rightmove.co.uk/property-for-sa...s%26index%3D120

It's always listed with "Fixed Price". In other words, screw you and your attempt to make us an offer. It sat unsold at £335k FIXED PRICE, then went to "Offers over £300k", then went for months at £300k FIXED PRICE. It's now £285k - and, you guessed it, still FIXED PRICE.

Might as well wait until it's £175k FIXED PRICE. :)

Noamdd

Edited by Nomadd

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This one is on the busy Wash Lane in Bury, built in 2007 brought as a BTL only had one Polish family in, think the original price was something like £140k now down to £130k.

Still think its overpriced (on edge of a sink estate which has massive drug abuse problems also suffers from Anti Social Behaviour problems particularly as it is close to the infamous Broad Oak School (featured in the tv documentary "Crack Heads")).

Wash Lane, Bury

Edited by Hectors House

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