Sunday, September 14, 2008
This Agent is one desperate chappie.
Leaf said he was advising one client trying to sell a £900,000 house to consider an interested buyer's suggestion that compensation be paid if the property's value fell by much more than 5 per cent in a year. 'The buyer is prepared to buy the house if its value falls by 5 per cent, but if it fell by another 10, the vendor would have to pay,' said Leaf. Such novel and creative methods employed by estate agents and sellers show the extreme lack of confidence in the housing market.