Thursday, October 23, 2008
Sellers are still in denial
The Rightmove index of estate agent asking prices continues to decouple from reality with a 1% increase in asking prices last month. Sellers are continuing to ask for more money in the hope that any discounts are negotiated on the basis of the higher asking price. In reality, if you aren't on the first one or two pages when sorting lowest price first, buyers aren't going to even look at your property.