Guest absolutezero Posted August 5, 2005 Share Posted August 5, 2005 A friend of mine is trying to sell her house in South Manchester because she's moving to Wales. The part of South Manchester she lives in is traditionally sought after. Good schools and local services etc. When the EA valued her property last week he told her not to expect the £180,000 it would have got last year. He told her £160,000 is more reasonable. "Vendors have to be more realistic in their asking prices if they want to sell", he said. She's put it on the market for £160,000 but the EA also told her: "It could take up to a year to sell". Off the record, he said "the market is not what it was". Spurred on by the rate cut she had a chat with the EA earlier today. Apparently he doesn't think the cut is going to make very much difference as people are now not buying houses because of price. My question, did EAs talk like this in 1991? Quote Link to comment Share on other sites More sharing options...
FTBagain Posted August 5, 2005 Share Posted August 5, 2005 Yeh! I bought a flat about then. It was a new development. The builder had bought an old school site from the council, paid a fortune. The EA told me that the first batch of houses and flats were being sold cheap because the builder had being told to get some crash in or go broke! When EA's start talking in negative terms you know thens are getting bad! Quote Link to comment Share on other sites More sharing options...
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