Reduced properties whats happening?

26 replies

GoldTurtle · 17/04/2025 22:34

Is it just me or am I seeing more properties reduced on rightmove. What is going on?

OP posts:

NoWordForFluffy · 18/04/2025 15:18

housethatbuiltme · 18/04/2025 11:33

I think decently priced houses and motivated sellers sell.

The house we are buying was on less than a week, owners already moved so stood empty. We where the first viewers, offered 8% under and they accepted immediately. Wasn't even time for a 'for sale' sign to go up.

Next door has been on the market for about 6 months, its smaller but was originally on for much more. They have slowly crept down (4 reduction) to what the asking price was for ours was but they probably don't know we got it 8% under that too (and as said the one we are buying is much bigger).

I agree with this. My parents just sold in less than a week at 5% under asking. A house went on the market next door but one at a way higher price a couple of weeks ago (very unrealistic, IMO), and hasn't shifted yet. I've a feeling it'll sit for a while yet at that price.

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