Jump to content
House Price Crash Forum
Sign in to follow this  
hirop

Ea Tactic 3: When You Just Can't Sell...

Recommended Posts

3 bedroom house for sale Balmoral Drive, Denton, Manchester

Fixed Price £150,000

Houses at this price in Dane Bank are rare so dont miss out. An internal viewing of this most appealing semi-detached house will reveal two reception rooms, dining kitchen and three bedrooms. (contd...)

History

date event

31 October 2010* Price changed: from 'Offers Over £140,000' to 'Fixed Price £150,000'

07 September 2010 * Price changed: from 'Offers Over £150,000' to 'Offers Over £140,000' [Found by n/a]

14 August 2010* Price changed: from 'Offers in Excess of £150,000' to 'Offers Over £150,000'

04 July 2010* Price changed: from '£150,000' to 'Offers in Excess of £150,000' [Found by n/a]

30 June 2010* Initial entry found. [Found by n/a]

Apart from the whole 'do not miss out' speil, surely the only way you can market something as offers over, is in a situation where potential buyers are falling over themselves to fight it out for the property, That is clearly not the case; generally that can't be the case right due to mortage availability, and specifically in this case, it's must not be as it has not sold. Then to volte-face and pin it as Fixed Price & with a 10K hike back to it's initial asking price to boot....the absolute confirmation than buyers are scare and the previous appoach completely missjudged the market. Fixed price means "there is maybe one buyer out there with x amount, we have this house that we can only sell for x amount, please let it be us"

Compare that to this; Now here is an estate agent who knows how to get something sold in a depressed market - this is an identical 3 bed georgian semi-detached. This time in Whitefield, which to me is a better area, & is on the tram line. Dane Park is nice imo, but is still Denton, pinned between Gorton & North Reddish, and has the misfortune to be stuck in the east end - with NOTHING of use inbetween it and the city.

3 bedroom semi-detached house for sale Derby Road, Whitefield - 3 Bed Semi, # NO UPWARD CHAIN, EARLY VACANT POSSESSION AVAILABLE#

£135,000

A very spacious bay window semi detached house that has in the last 12 months been the subject of a full renovation project. The electrics have been upgraded, gas combi central heating installed along with a new fitted kitchen and bathroom, new decoration and carpets.uPVC double glazed windows

History

date event

27 October 2010 * Status changed: from 'Available' to 'Sold STC' [Found by n/a]

06 October 2010 * Price changed: from '£142,450' to '£135,000' [Found by n/a]

15 September 2010 * Price changed: from 'Offers in Excess of £149,950' to '£142,450' [Found by n/a]

09 July 2010 * Price changed: from '£164,950' to 'Offers in Excess of £149,950' [Found by n/a]

15 June 2010 * Initial entry found.

It's not sold yet, but at 30K off in the space 4 months, I think it's found it's right level.

Edited by hirop

Share this post


Link to post
Share on other sites

3 bedroom house for sale Balmoral Drive, Denton, Manchester

Fixed Price £150,000

Houses at this price in Dane Bank are rare so dont miss out. An internal viewing of this most appealing semi-detached house will reveal two reception rooms, dining kitchen and three bedrooms. (contd...)

History

date event

31 October 2010* Price changed: from 'Offers Over £140,000' to 'Fixed Price £150,000'

07 September 2010 * Price changed: from 'Offers Over £150,000' to 'Offers Over £140,000' [Found by n/a]

14 August 2010* Price changed: from 'Offers in Excess of £150,000' to 'Offers Over £150,000'

04 July 2010* Price changed: from '£150,000' to 'Offers in Excess of £150,000' [Found by n/a]

30 June 2010* Initial entry found. [Found by n/a]

Apart from the whole 'do not miss out' speil, surely the only way you can market something as offers over, is in a situation where potential buyers are falling over themselves to fight it out for the property, That is clearly not the case; generally that can't be the case right due to mortage availability, and specifically in this case, it's must not be as it has not sold. Then to volte-face and pin it as Fixed Price & with a 10K hike back to it's initial asking price to boot....the absolute confirmation than buyers are scare and the previous appoach completely missjudged the market. Fixed price means "there is maybe one buyer out there with x amount, we have this house that we can only sell for x amount, please let it be us"

Compare that to this; Now here is an estate agent who knows how to get something sold in a depressed market - this is an identical 3 bed georgian semi-detached. This time in Whitefield, which to me is a better area, & is on the tram line. Dane Park is nice imo, but is still Denton, pinned between Gorton & North Reddish, and has the misfortune to be stuck in the east end - with NOTHING of use inbetween it and the city.

3 bedroom semi-detached house for sale Derby Road, Whitefield - 3 Bed Semi, # NO UPWARD CHAIN, EARLY VACANT POSSESSION AVAILABLE#

£135,000

A very spacious bay window semi detached house that has in the last 12 months been the subject of a full renovation project. The electrics have been upgraded, gas combi central heating installed along with a new fitted kitchen and bathroom, new decoration and carpets.uPVC double glazed windows

History

date event

27 October 2010 * Status changed: from 'Available' to 'Sold STC' [Found by n/a]

06 October 2010 * Price changed: from '£142,450' to '£135,000' [Found by n/a]

15 September 2010 * Price changed: from 'Offers in Excess of £149,950' to '£142,450' [Found by n/a]

09 July 2010 * Price changed: from '£164,950' to 'Offers in Excess of £149,950' [Found by n/a]

15 June 2010 * Initial entry found.

It's not sold yet, but at 30K off in the space 4 months, I think it's found it's right level.

I think the agents think it`s a cunning plan to fool the sheeple into believing that if they make the spread £140-£150k, no offers will be considered under £140k, which is the price they want. Not falling for that one.

Share this post


Link to post
Share on other sites

Seems to be quite a common tactic - rented noticed this when I posted the link in the 'Most Overpriced Sh*thole' thread:

http://www.zoopla.co.uk/for-sale/details/13416672?utm_source=nest&utm_medium=feeds&utm_content=13416672&refer=nest13416672

First listed on Zoopla

£45,000 on 23rd Oct 2010

Asking price changes

* £55,000 ↑22.2% Increased on: 24th Oct 2010

* £65,000 ↑18.2% Increased on: 29th Oct 2010

Up 20k in a week!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 141 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.