If you are buying a property and you have a budget of £30K, who do you buy from, the private vendor selling for £30K or the repo next door selling for £25K priced for quick sale.(posted 7842 days ago)You buy the cheaper if you have any sense, which in turn means the private vendor has to reduce his property to £25K to keep up with repo prices and stand a chance of selling. Ergo, repo's are reduced too again. Given enough instances like this, the whole market is affected.