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Accidental STR

Sarah Beeney's View On The Housing Market

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On the Channel 4 website there is an article by Sarah Beeny on the current (Dec '08) state of the housing market. When she started with

" Should I Buy Now?

Sarah says: ‘Yes, definitely. If you’re looking to move house and if it’s the right time in your life to move on, you should go for it."

I thought I could see which way things were going. But then it went on to

" I Can’t Sell. What Am I Doing Wrong?

Sarah says: ‘You’re asking too much. It’s a mistake when you’re selling to chase the market down. This is when a seller puts a property on the market for the asking price of £230k, then reduces it to £228k when they can’t sell, and then they drop further to £225k some time down the line when they still can’t sell. You have to face it and realise the property is only worth £180k now. You have to go below the market if you want to sell.’ "

and I thought that was more like it!


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