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Variance between asking price and sold price?

Asked on Mar 31 2010, House Prices in Manchester | Report content

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  • National average in the latest home track report is 94% of the asking price is currently being achieved, however this does vary widely across areas and agents, my advice to anyone thinking of selling at the moment is put your property on for what it is worth, buyers will pay asking price if it is a fare one. Other agents may suggest loading the asking price so a buyer thinks they are getting a good deal. If you are looking to buy then find out how long it's been on for, any offers, vendor position to help gauge how much flexibility there mat be. Ultimately there is no scientific way to say an offer of X% of the asking price is a fare one. Hope this helps

    Answered on Mar 31 2010, Report content
  • You have to remember that the asking price is a fair price so lower offers are a bit silly, but are culture of the industry. Estate agents wont charge to much for a house as its a waste of money advertising it, buyers and sellers are both important. Everyone likes a good deal though!

    Answered on May 4 2010, Report content

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