17 February 2009

Somerset West: Asking Price Down 40% But Will Double Soon

Sometimes I wonder if people read back their ads to themselves before clicking on the submit button. Observe this gem for a house on the market for R 1 720 000:
was in market 2 years ago @ R2.8m, urgent sale plse plse plse no agents, no agents comm's payable will be worth double this in few short years

So let me get this straight, in two years the asking price has declined 40%, from R2 800 000 to R1 720 000, but that's not really an indicator of anything and in another two years the price should have doubled again.

3 comments:

steve said...

But surely these type of posts never have make a sale.

pls pls pls tell me they don't

Anonymous said...

This advert reeks of desperation and must be written by a guy living in fear of the sheriff. If he writes such dumb ads then he deserves to have his property repo'd!

Anonymous said...

The price of properties will go down a lot but some areas like Tokai where they have good schools and is family orientated, the houses are still selling