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We viewed a place that sold in mid 2016 for 600k theyre asking 795 for it right now which is definitely overvalued by 75-125k, we really liked it and cant do anything till we have an offer on our place anyway but theres no way we'd pay over 720.
I cant fathom how somewhere could gain even 100k since 2016
We were looking at a place that was about £150k-£200k over the pre-lock down valuation
I asked about 'the situaton' and the EA, also the director of the local chain, looked tired, then reeled off this story about there being three offers at £100k less than asking. He seemed genuinely exasperated that the seller hadn't accepted as they were already half way out the house and had already bought in Devon. If he was lying to my face, he was very, very good at it.
He's probably good at it
We viewed it again but didn't bother to offer based on his story.