Musings of a London Property Buyers Agent

Last year, a Bristol property developer failed to sell his latest £1 million house, even after reducing the price by £300,000 so he joined the swathes of developers, selling gimmicks with their overpriced homes, by offering a second hand Ferrari to the buyer.  Valuing the Ferrari at £100,000, he bought it specifically to entice buyers to offer, but after nine months on the market and huge local publicity in the Bristol Evening Post, the house has failed to sell.

Maybe it’s just because we’re based in London, but I would suggest that most people owning million pound property aren’t interested in Ferraris, but being more flash than class, the developer seems to be tarring all buyers of neo-Georgian property with the same brush!

But I digress.  To add insult to injury, we just priced a red Ferrari F430 Coupe with a 2005 plate and according to Parkers Guide, similar cars are on sale for £80K and £90K.  Which begs the question, if he is marketing an £80K car for £100K, does that mean his £1million pound house is only worth £800K?  Or less?

Credibility gone I think!

If you want to buy a million pound house which is worth £1million or more, come and talk to your favourite London Property Buyers Agents.  (That’s us), in case you had forgotten.

Technorati Tags: Buyers agents, Gimmicks, London Buyer's Agents, London Property Buyers Agents, Property sales gimmicks

Tags: Buyers agents, Gimmicks, London Buyer's Agents, London Property Buyers Agents, Property sales gimmicks