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House Price Crash Forum

Reduction In Ea's Will Put Strain On Prices

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I have been thinking about how many EA's are closing down,how low the transactions levels are and how many vendors are unwilling to drop the price.

EA's are holding a large amount of unsold stock which is costing them money to keep on their books. With more and more competitors going to the wall this means that more vendors will come to them to request a market valuation to go onto their books.

Now bearing in mind that the EA has less competitors and a large amount of stock to sell which is losing them money I would imagine that more EA's will now feel they can cherry pick the ones that are prepared to enter the market at lower prices and get rid the ones who are hanging onto false hope of getting their inflated price.

This would give vendors with denial a shove when they get turned away from every EA telling them that they are asking to much.

edit typo in topic description

Edited by equitystasher
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