Saturday, Mar 14, 2009
How to sell your house knock of 30%
This Money: How to Sell Your Home in a Buyers Market
I know we have read it before but it is good to see it being repeated.
IF YOU WANT TO SELL YOUR HOUSE YOU ARE GOING TO HAVE BE REALISTIC take the 2007 price and knock off 30% . RECOVERY is not round the corner and this week the press have said there could be 40% falls by the end of the year (last weekend Guardian / Observer etc + the Numis Report (Daily Mail / Telegraph etc) predicting possible 55% falls from here (that is 75% in total). Reducing your home 30% now still leaves your buyer possibly losing 20% as well. Therefore selling your house 30% off does not make it a BARGAIN property but a realistically priced one for now.Realistically priced soon will mean prices HAVING to fall in line with wages they have to lose 40 / 50 % of their value, the UK can't afford anything else
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