Thursday, Sep 02, 2010

Useful summary of the main market numbers for last month

Housing Expert: How was July for you?

Another useful summary of the numbers of homes coming onto the market, selling and comparisons with past years. Interesting stuff.

Posted by charles lister @ 02:42 PM (703 views) Add Comment

1 Comment

1. doomwatch said...

Having been putting REALISITC offers in over the summer, you can talk stats all day, but the EAs just put up a brick wall
and the [baby boomer] vendors refuse to budge significantly from their brain-washed expectations of what they think their pile of bricks is worth. The best I've managed so far is 5% below AP, and that was a right struggle. Pulled out in the end, as the surveyor valued
it lower than my accepted offer & said it needed 10k spending on it to sort the roof & 20 year old electrics.

Something really bad has to happen to the market this Autumn to change these unrealistic views and get capitulation rolling.

It still amazes me that EAs would rather go out of business than tell their "clients" they need to drop their price. Quite difficult to do
though when you've purposefully over-priced it in the first place to get their business !!!

Thursday, September 2, 2010 05:06PM Report Comment
 

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