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TheCountOfNowhere

Express Home Sale - Price Reduced...says Agent...property Bee Says Otherwise.

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http://www.rightmove.co.uk/property-for-sale/property-37590097.html/svr/1708;jsessionid=9D4B5E8C505359BAC61F98AF35652186

"*** REDUCED FOR QUICK SALE! *** Express Home Sales offers ATTRACTIVELY PRICED PROPERTIES in order to encourage a QUICKER SALE. Buyers must be chain free and in a position to proceed relatively quickly. Summary Details: 3 Bed End Terrace Double Glazed & Centrally Heated Front"

"25 June 2013

Price changed: Offers in Excess of £78,000 £85,000

Status changed: from 'Sold STC' to 'null'

13 May 2013

Status changed: from 'null' to 'Sold STC'

26 March 2013

Price changed: Offers in Excess of £80,000 £78,000

05 March 2013

Status changed: from 'Sold STC' to 'null'

04 March 2013

Status changed: from 'null' to 'Sold STC'

14 February 2013

Initial entry found. "

Must be negative reduction :blink:

If I could be bothered I'd report them.

Edited by TheCountOfNowhere

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I know what you mean but is there a law against this......

Ordinary terraced house, in ordinary street in ordinary area of York:

(I can only guess this is South-east bubble money leaking out as they flee in their retirement as it is not supported by wages and opportunities)

http://www.rightmove..._FromEmail=true

This probably covers it;

http://www.tradingstandards.gov.uk/cgi-bin/glos/bus1item.cgi?file=*BADV005-1011.txt

"The legislation

The Property Misdescriptions Act 1991, "

"Pricing

The Consumer Protection from Unfair Trading Regulations 2008 covers the pricing of all properties and you must be careful not to mislead consumers with regard to the previous price of a property if you are claiming a reduction in price. The Pricing Practices Guide published by the Department for Business, Innovation and Skills (BIS) gives guidance as to how price reductions can be advertised."

So, yes, I think there is a law against it.

I've dropped them an email via rightmove with the above text. I

It's more than likely an honest mistake when the property sale fell through and they re listed it.

Edited by TheCountOfNowhere

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  • 243 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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