Selling your property in today’s market
There is a lot going on in the market today causing concern.
The biggest concern estate agents have for sellers this year is being unrealistic about what price they can achieve for their home, Many Agents are reporting a drop in buyer and seller activity with buyers making offers substantially below asking price. Sellers therefore need to be aware of comparable prices nearby and be realistic with their asking price.
Another big concern is conveyancing times, which are taking longer. Plus, the impact of sales falling through which is rising dramatically.
In addition is also an increase in homes that have been valued down by surveyors making it harder to get mortgages. This might be due to the expectations that house prices will fall this year.
A slowdown of the market has been predicted for this year by many industry insiders, which is good news for buyers. Sellers, however can still take advantage of the property increases last year as long as they present their property well and don’t put their home up at an unrealistic price.
Hope this helps. Get in touch if you wish to discuss what options are available to you to get the right price.
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To learn more email dennis@mauinvestments.co.uk or call 01332981666