Sorry if there is a live conversation on this subject but I couldn't find one.
We are selling our house after a very long time in it and naturally can't remember how stressful the process is. We invited a number of agents round and all agreed a valuation (in line with each other). We made our choice and sat back. 5 weeks in the agent we chose is suggesting we reduce the price by 51K. This is an enormous sum for us compared to the reduction in their commission. House prices in our area compare favourably with our original asking price but there is quite a bit competition. We were not prepared to go down 51K but agreed to reduce. Today I receive a letter from EA saying well, we told you people are saying your house is worth £100K less than asking. After 8 viewings one person made a cheeky (in EA's words) offer of £100k less, which they (EA) also told us was not worth considering. I am feeling so despondent over this.
I know a house is only worth what people are prepared to pay for it but I think the thing that riles the most is 5 weeks ago the EA said "I am confident that we will get at or near asking price for this". I should add that the same agent has a house which is 250 sq ft smaller than ours at the price they want us to reduce ours! My neighbour tells me this is a well known tactic of this EA (Shame I hadn't spoke to her earlier). AIBU about this?
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