Asking Price Reduced by £551,000 !

May 18, 2009 8:47 am
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Asking Price Reduced by £551,000 !

Serious home seller slashes price to attract millionaire bargain hunters – asking price is now £1 million below recommended asking price! 

When a home owner drops his asking price by more than half a million pounds you know he means business!

Such a large reduction in the asking price of a house could be interpreted as a sign either that the home owner is desperate to sell or that the original asking price was unrealistic, however in the case of the proposed sale of 47 Carrwood Hale Barns neither is true.

With an original asking price of £3,850,000 the house was taken to the market at a figure deemed by several local agents to be below the £4.25 million mark at which the house should have been marketed, as the owner wanted to under cut the competition and ensure that his property  represented good value when it came to the market in October 2008, after all at that time the media daily dose of doom and gloom for all things related to the economy and the housing market was at its peak.

So when you consider  the recommendations of agents back in October 2008 and combine today’s reduction with the original below market value asking price this house is available for one million pounds less!

The reason for this show of realism on the part of the vendor is simply because the house is now surplus to requirements as he is spending more and more time at his other homes and he realises that in this market buyers expect a bargain and by any measure we think discerning home buyers who take the time to come and look at this magnificent home and compare it to anything else in the area at a similar price they too will conclude that it represents superb value for money – an opportunity not to be missed !

For further information on 47 Carrwood Hale Barns click here 

Or call in confidence Michael Groves for an appointment to view on 07802 941 411

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