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tomandlu

That'll Help...

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I don't want to call it 'logic', but presumably there's some sort of thought-process involved...

http://www.rightmove.co.uk/property-for-sale/property-24596912.html

History

03 November 2010 11:01:00

* Price changed: from '£214,950' to '£240,000'

24 March 2010 23:15:54

* Price changed: from '£249,950' to '£214,950'

10 April 2009 22:45:13

* Price changed: from '£259,950' to '£249,950'

06 February 2009 17:37:03

* Price found: £259,950

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A quarter of a million for what looks like an ex-council flat on a busy road in a fairly unpleasant part of zone 3 south London. £50k would be nearer the mark.

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the price was too low and was not attracting the "right kind of buyer"

It is a mentality problem.

Think a lot of buyers and estate agent operate in this way anyway - first question : what is your budget/price range.

And for buyer who can afford to BORROW up to X amount, they will want to buy something for X amount even something

cheaper offer much better value...

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  • 259 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%



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