Property listed on RM for £700k.
Sold within 24hrs (which was expected as it was a great price) and the listing was immediately amended to Under Offer (also as expected)
Completion has taken place.
The following day, the property is listed on RM at an increased price of £750k as Under Offer.
My spidey senses tell me that the agent has increased the figure now because:-
A)The property next door is more square footage but has been ‘developed’ VERY badly. It has been for sale for 6 months and already price-dropped twice and is now on at £775k.
B)The higher ‘false’ price of the sold property makes the unsold one look now more reasonably priced.
Is there any legit reason for the agent to do this & is it permitted?
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Is this allowed? Or am I being sceptical?
15 replies
Poiuytrewq01 · 13/02/2018 21:13
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