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rentforlife

Deluded Seller In Horsham

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Im going to have to go and look at this property - I cannot wait to quiz the agent and owner on the strategy here....whats your thoughts?

6th March 2009 (height of pricing bubble?) - property was purchased for £220k

http://www.zoopla.co.uk/house-prices/horsham/the-crescent/?q=The%20Crescent%2C%20Horsham

October 2010 - After some work to improve from 2 beds to 3, property put on the market for £395k. Then taken off market at some point:

http://www.zoopla.co.uk/property-history/26-the-crescent/horsham/rh12-1nb/12717001

4th March 2011 property on sale for £375k

11th May 2011 reduced to £355k

15th June 2011 reduced to £349,950

http://www.zoopla.co.uk/for-sale/details/14174921?search_identifier=6052d5184237421bb453bd7b64fc805a

Wanted others thoughts on this one!!!

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2007 was prob peak? 2009 was when things got credit crunchy, I bought my second house in 2009 and, as one of the lucky few with a good deposit, was actually able to get a mortgage and get a decent wack off the asking price. I remember asking the agent why the house hadn't sold (had been on for 9 months) and he said oh there was plenty of interest (which I well believe - it is a nice house!) but no one could fund it.

So what's the prob, he's added just one room and asking a whole lot more? Surely the market is the best judge of how sensible that is? If comparable properties are much cheaper then why bother to look at this one - go buy the cheap one!! If comparable properties are going for the same price then that's you answer, why wouldn't anyone put their property on at market rates??!

Hope that helps :)

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Im going to have to go and look at this property - I cannot wait to quiz the agent and owner on the strategy here....whats your thoughts?

6th March 2009 (height of pricing bubble?) - property was purchased for £220k

http://www.zoopla.co.uk/house-prices/horsham/the-crescent/?q=The%20Crescent%2C%20Horsham

October 2010 - After some work to improve from 2 beds to 3, property put on the market for £395k. Then taken off market at some point:

http://www.zoopla.co.uk/property-history/26-the-crescent/horsham/rh12-1nb/12717001

4th March 2011 property on sale for £375k

11th May 2011 reduced to £355k

15th June 2011 reduced to £349,950

http://www.zoopla.co.uk/for-sale/details/14174921?search_identifier=6052d5184237421bb453bd7b64fc805a

Wanted others thoughts on this one!!!

Spotted the problem.

No twigs in the photos.

:lol:

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2007 was prob peak? 2009 was when things got credit crunchy, I bought my second house in 2009 and, as one of the lucky few with a good deposit, was actually able to get a mortgage and get a decent wack off the asking price. I remember asking the agent why the house hadn't sold (had been on for 9 months) and he said oh there was plenty of interest (which I well believe - it is a nice house!) but no one could fund it.

So what's the prob, he's added just one room and asking a whole lot more? Surely the market is the best judge of how sensible that is? If comparable properties are much cheaper then why bother to look at this one - go buy the cheap one!! If comparable properties are going for the same price then that's you answer, why wouldn't anyone put their property on at market rates??!

Hope that helps :)

Well yes I accept the market is the best judge. But my issue is how this sort of action affects house prices locally - when he puts a property on at unrealistic hiked prices and then takes off again & then puts on again this affects the figures on rightmove, zoopla etc (unless Im mistaken?) & artifically inflates prices. Granted, this is just 1 property, but its the first one Ive looked at in some detail...my thought is that all it takes is a few idiots like this to artificially raise the price for an area.

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  • 343 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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