Sunday, Apr 27, 2008
Two houses may be almost identical, yet only one will sell
Times: The market: sellers of less-than-perfect homes forced to slash price
Here is a conundrum to test those who think they know what is going on in the property market: an estate agent has two houses for sale, both fine examples of thatched New Forest cottages, both beautifully restored and put on the market at a similar price, at roughly the same time. One is snapped up within a few weeks and sells for more than the asking price after a bidding war between two buyers. The other languishes on the shelf for months. As property prices continue to fall, even the smallest niggles – issues that would be overlooked in a stronger market – are prompting buyers to walk away or make offers well below the asking price.
Posted by jack c @ 09:48 PM (218 views) Add Comment
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