Where do they get these prices from?

Sometimes we suffer moments of despair. Whilst some owners are beginning to realize that, if a house has not sold for several years, it might be sensible to lower the asking price – at least if they really do want to sell – others seem to be living on another planet.

Today we went to view a property for sale. I won’t go into any further detail to avoid embarrassment to the owner, but suffice it to say that it was a perfectly pleasant house in excellent condition set in a large garden in a good location (apart from the electricity pylon close by). So far so good. Unfortunately the owner wants us to market it at a price that would buy a town house in Knightsbridge. What to do? We think we will avoid putting it on our website in order to discourage local excitement at the “value” of their similar properties!

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