Jump to content
House Price Crash Forum
Sign in to follow this  
boo

Estate Agent Previous Price Paid

Recommended Posts

Hello

I have a question as to if something is legal or not with regards to a previous price paid for a house

My neighbour is selling their flat for £400k, it's a 2 bed with off street parking in a gated development in a trendy part of east London (nice view over Victoria park).

They have had it on for about 4 months now with no offers and viewings have dried up. If they had put it on on feb time if would have sold straight away I guess

Anyway they have recently reduced it and I looked at the advert on a property website. It now claims the last sale price was £516k in 2011. This is not true as the person selling has lived there for 17 years when it was first built.

Are they trying to mislead and make it look like a bargain? Are they allowed to do this?

Share this post


Link to post
Share on other sites

If an actual categorical statement in an ad and it is inaccurate it is absolutely not allowed. Indeed it is prosecutable.

Share this post


Link to post
Share on other sites

It now claims the last sale price was £516k in 2011.

Thats not the same as saying it sold for £516 K, whenever an agent tells you a previous price; whatever wording they use, your next question should be "so did it actually achieve that asking price?"

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   215 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.