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2005

Neat Trick

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I noticed something strange happening in my local area a couple of weeks ago. Two houses had been up for sale for months and didn't seem to be selling. First house £155K second house £135K. Both advertised in the local rag and on rightmove.

About two weeks ago First house appears with a SSC sign but at £148k. Second house appears with a SSC at £127K

I thought this was strange - why would an EA clearly show that a house had only sold when the price had been lowered? Surely this would indicate to people that houses were not getting the asking price?

Just realised what may be going on. SSC with a lower price = 'we got the asking price'.

The lower price was only advertised once the SSC sign went up not before.

Anyone else seen this?

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I thought this was strange - why would an EA clearly show that a house had only sold when the price had been lowered?

What's wrong with that?

Despite what many may think, much of an EA's time is spent trying to get seller's to be realistic on price. If an EA can show an example of a house selling after a relatively small price reduction to their other vendors surely this is a good way of getting the message accross prices are too high.

When you mention that the lower price was only advertised after the ssc sign went up i assume you mean in a newspaper. If so remember many property papers have a lead time of 5-7 days so the information is often slightly out of date.

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  • 302 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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