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nordiclad

What Happen Over The Weekend, Discounts Offered !

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I have been looking for a house in the Mid / East Devon area for sometime, and registered with several EA’s, also had the odd private add in local shops.

But between last Saturday and Monday I received calls from 3 EA’s, who up to recently did not seem to be bothered, offering me 4 houses, saying owners now very willing to discuss price “due to their circumstances”.

This amounted to:

£315K to £305K via EA

£349K to £325K via EA

£349K to £320K via EA

£330K to £307K private

£292K very willing to negotiate, via EA

At least its going in the right direction "DOWN"

They are not talking “crash cash” but why all at once ??, what changed their minds??

Did STR, but now wife pushing hard to get own place again, now that’s another story !!

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Figures are meaningless without any context.

Ill sell you a cardboard box for £300k, no wait ill reduce it to £280k...HPC underway!

Identify last sold price through nethouseprices.com and then compare current asking price.

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Figures are meaningless without any context.

Ill sell you a cardboard box for £300k, no wait ill reduce it to £280k...HPC underway!

Identify last sold price through nethouseprices.com and then compare current asking price.

In a seller's market, it's best for a seller to wait for the buyer to come to you. Gives you the upper hand when negotiations start. If sellers start hunting down buyers it says something about the balance of power in the market, irrespective of asking prices. Of course asking prices compared to previous sale prices do say more, but the actions of EAs (who are the agents of sellers) does say quite a bit.

Billy Shears

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My take would be that the original asking prices included a small premium as the sellers thought that this spring the house market was still buoyant.

Spring is now over - houses won't sell this year unless realistically priced.

"Realistically priced" of course is subjective depending on who you speak to.

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  • 301 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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