Saturday, December 13, 2008

33% house price reductions to try and attract buyers – make it 50%

Estate agents stage knockdown sale

Estate agents are taking lessons from the retail sector with a Christmas sale that has seen as much as a third knocked off some homes to stimulate transactions in the stalling market.

Posted by v stor @ 07:25 PM (1973 views)
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6 thoughts on “33% house price reductions to try and attract buyers – make it 50%

  • even tescos are knocking 50% off…….

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  • sale price today,market price tomorrow.

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  • tyrellcorporation says:

    Mmm… still can’t be bothered spending though.

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  • The EA sale is a gimmick. Desperately trying to portray a 10% or 15% cut as more value than it really is.

    40%+ reduction or nothing right now.

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  • Eternal Sceptic says:

    Buying a house now can only be justified if a person wants to own their own home. Renting until the market hits bottom would seem a more sensible option. Plus if the deposit is ever increasing, people need more time to save.
    If the property market is to ever move, prices must reflect the new lending criteria of the mortgages on offer. If a person seriously believes a recovery is close they must e-mail me with the recipe of whatever they are smoking.

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  • EA are funny really. They will ask everyone to cut their prices but are refusing to cut their fees. In fact most of them have actually increased their fee to 2% say from 1.75% on the basis they are making less money per sale! Well it would be like the LL saying to their tenants, well I am increasing the rent cos the mortgage has gone up!Bunch of loosers. hopefully, there will be less EA soon and people will realise you dont need them to sell or buy a property. All they do is advertise on website. Anyone can do that!The likes of Rightmove and Fish4homes lost a tremendous opportunity when they turned down private advertising in favour of EA’s. They would be laughing now instead of closing down.

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