Thursday, November 18, 2010

Cloud cuckoo sellers wasting EAs time

Asking prices drop as more properties stick on market

The comment at the end from one member about sellers says a lot: "...My view - the only way to stay in business is to be honest with people about the coming storm. The few buyers out there will go where they think there's a deal. As far as sellers go, the living in 2007 cloud cuckoo land brigade are a waste of everyone's time and energy." IMHO most sellers at the moment are wasting everybody's time, including their own.

Posted by doomwatch @ 10:12 AM (2233 views)
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2 thoughts on “Cloud cuckoo sellers wasting EAs time

  • greenshootsandleaves says:

    A telling comment (from Honest agent): ‘we are no longer in 2007, the buyers out there are well informed, we must change or we will cease to exist’.

    Estate Agent Today. Tomorrow, who knows ….?

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  • FrustratedEA said, “Asking prices aren’t falling enough. Furthermore, many of my vendors are turning down perfectly good offers. They think they’re entitled to make money on their house.”
    – Therein lies the rub, as a general rule vendors are not desperate to sell. The penny will drop eventually though.

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