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trickster

Yesterdays Property Section

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Looking through property section of large weekly local paper, a certain estate agent is displaying this, right in the middle of its property for sale (large page):

Might sell, Might not!

The current market is as near a 'normal' market as experienced estate agents have known for years in terms of the balance between properties available for sale and registered buyers.

However, unlike most 'normal' markets, some sellers are not as committed to selling as they might be, and are prepared to remain on the market until what they regard as an acceptable offer comes along.

Likewise, some buyers, whilst generally remaining committed to a purchase, do not exhibit a great deal or (sic) urgency, and believe they are entitled to submit a relatively low offer in the current market.

There are two issues here and we would advise caution to buyer and seller alike. Firstly, it, as a seller, your house fails to sell for whatever reason, it is probably priced too ambitiously for the current conditions. If you allow it to remain on the market at that price, it may well go stale on the market, resulting in an inevitable fall in price greater then a minor repositioning effected now.

From a buyers perspective, we suggest you focus on securing the right home for your needs, within your budget, more than on finding the greatest bargain. A percentage off the asking price is irrelevant if the asking price is too much to begin with, but a well priced property is always in demand. Unless you act decisively, you could miss out. The rule of thumb is this; if you see a property that you can afford, which offers you the accommmodation you need in an area you like, and you could be happy there, then snap it up, as the chances are that most of the other buyers in your price range will also want that property. Good value is good value - in any market'.

Right, I read many things into that advert. Comments anyone?

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However, unlike most 'normal' markets, some sellers are not as committed to selling as they might be, and are prepared to remain on the market until what they regard as an acceptable offer comes along.

Likewise, some buyers, whilst generally remaining committed to a purchase, do not exhibit a great deal or (sic) urgency, and believe they are entitled to submit a relatively low offer in the current market.

...

Right, I read many things into that advert. Comments anyone?

A quick read and the quoted above sums it up for me.

Sellers expect too much, buyers are looking for a bargin... meanwhile the lonely EA is not selling much and not making enough income, and hence trying to adjust expertations of both sellers and buyers.

It's interesting that there is a couple of sentances for sellers, and a paragraph and a bit for buyers... I mean you couldn't guess who pays for an EA could you <_<

Edited by beerhunter

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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