Sunday, June 22, 2008
Why I wont cry a tear on Estate Agent closures
I have been watching the above property for a 3-4 years now. The owner tried to put it on rent initially but never got a tenent for more than a year. Then tried to sell it. for the next 3 years not even a zilch. It was on the market for £350,000. Good spacious bunglow. A builder bought this property last year. Needless to say he would have not paid the asking price. He then divided the plot and built this EXTENSION And guess what the extension is worth £375,000 and also the original property is on the market for £345,000. I did confront the Estate agent how had he valued the property given the above facts. Funny. Got no answer.