Are properties that didn't sell before coronavirus going back on the market at a higher price as sellers expect to be asked for a discount?

Load Error A handful of cases have been brought to our attention, with some £1million-plus properties having an extra £50,000 added to the asking price.  This goes against the traditional thought on homes that fail to sale, with prices normally being lowered to attract a buyer. The key is always to do as much research as you can about a property.  This includes searching on the internet for any information about a property's address and surrounding area.  You then need to assess if this information works for your personal circumstances.  For example, some families may be willing to pay over the odds to live near a good school, while other people will be more than happy to extend their mortgage substantially if it means they only have a five minute walk to work.  Ultimately, if you're buying a property, only you can decide what it is worth to you as you're the one that is going to have to live with that decision. If you do want to track asking price movements, you can download a plug-in such as Property Tracker for your Chrome internet browser. Buying agent Henry Pryor replies: Having worked in the world of property for more than 35 years it would be fair to say that there isn't much I haven't seen, such as buyers behaving badly and sellers being economical with the truth. You can ask as much as you like and offer whatever you want.  Most of the protagonists are unqualified and emotions often run as high as the prices. The sad truth is that many buyers have no idea what something is worth and sellers and agents take advantage of this. Simply putting the property address into a search engine will also often bring up previous, historic listings. Remember, the asking price is not an indication of value, a statement of what the seller will accept, necessarily what the estate agent advised, or what a mortgage valuer might sign it off at.