Time to grab some property bargains?

[Moscow Mule]

Can't see why someone would drop £ 200k in such a short space of time (as quoted by DP).

20% off now, or 30% later?
Maybe they wanted to buy a yacht and had seen the perfect one?
Maybe they were in a rush to leave the country?
Maybe they were testing the water at £1M and it had been on the market for a while at that with no interest.


There are loads of reasons...

[Dow Jones]

Will not drop that much...

Unless it were overvalued in the first place. Can't help laughing when occasionally watching those 'armchair developers' mouths drop when they get 3 valuations with as much variation as 25% between them. Everyone goes with the highest, hence the most ludicrous one gets the sale, whether they can sell or not, it's another matter.

[Bagpuss]

Everyone goes with the highest, hence the most ludicrous one gets the sale, whether they can sell or not, it's another matter.

The first trick of estate agency, over value the house, get the sale on full commision, then ask the seller to be more realistic when it doesn't shift.