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I've come to the conclusion that there is an unwritten rule around that states if you market your property you should first decide what would be a reasonable price and then add £100k.

Everything that comes onto the market in my area of interest (west dorset), from 1 bed flats to average 4 bed detached's, is £100k overpriced.

We then start the inevitable 5-10k drops with months in between.

Is this what happens everywhere?

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It's like with taxis. When you get in a taxi there's £2.50 or whatever on the meter when you get in, and mileage or time just add to that.

I've long said that there's a price 'on the clock' for properties too - say £80K, which is simply for the fact that it's a property for sale - that actual value of the land and what's built on it is added on top.

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I've come to the conclusion that there is an unwritten rule around that states if you market your property you should first decide what would be a reasonable price and then add £100k.

Everything that comes onto the market in my area of interest (west dorset), from 1 bed flats to average 4 bed detached's, is £100k overpriced.

We then start the inevitable 5-10k drops with months in between.

Is this what happens everywhere?

Cos that's what the house is 'worth'. :rolleyes:

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Cos that's what the house is 'worth'. :rolleyes:

Dont be daft, its the twigs in a vase that add the value !! :lol:

House Asking Price = (Actual Value Of Property - Actual Value Of Property) + (Number of twigs in a vase * (Amount of coffee being roasted + Loaves of fresh bread on the go))

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Don't be silly. I bought a 3 bedroom detached for 160K in 2009

My first house bought was a 2 bedroom end terrace in 1999 for 72K

So you're saying the detached house should be 60K ? hahahahaha

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Don't be silly. I bought a 3 bedroom detached for 160K in 2009

My first house bought was a 2 bedroom end terrace in 1999 for 72K

So you're saying the detached house should be 60K ? hahahahaha

Do you live in Dorset?

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Don't be silly. I bought a 3 bedroom detached for 160K in 2009

My first house bought was a 2 bedroom end terrace in 1999 for 72K

So you're saying the detached house should be 60K ? hahahahaha

Yeah and seeing as you took it so literally, he/she is also saying your first place should have been -28k :rolleyes:

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Yeah and seeing as you took it so literally, he/she is also saying your first place should have been -28k :rolleyes:

:-)

Do you live in Dorset?

No but the OP didn't not quote this on his first sentence. I'm just picking ;-)

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:-)

No but the OP didn't not quote this on his first sentence. I'm just picking ;-)

Indeed. Besides, if he was talking about Esher it would be about 250k :)

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Actually, not a bad pricing strategy. Nobody knows what anything is worth in the current market, so holding a dutch auction makes perfect sense.

BTW, post #100, I not inconsiderably rock.

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I've come to the conclusion that there is an unwritten rule around that states if you market your property you should first decide what would be a reasonable price and then add £100k.

Everything that comes onto the market in my area of interest (west dorset), from 1 bed flats to average 4 bed detached's, is £100k overpriced.

We then start the inevitable 5-10k drops with months in between.

Is this what happens everywhere?

Yes it's an estate agent ploy. Think about who benefits.

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  • 284 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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