Friday, July 15, 2011

Sellers aren’t really prepared to sell their houses

There are fewer homes for sale in Britain than you think

Look in any estate agent's window and it there are plenty of homes to buy. But looks can be deceptive. Many of those properties may not be for sale at all.

Posted by martingreen @ 11:30 AM (2012 views)
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4 thoughts on “Sellers aren’t really prepared to sell their houses

  • mark wadsworth says:

    These time wasters could be a given a nudge to accept realistic prices with a nice bit of tax simplification, of course.

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  • There is a flaw in Merryn’s logic..

    If vendors are not serious about selling, and are posting excessive asking prices; why are they then pulling out when someone offers to buy?

    If the research numbers are correct, this is happening on 46% of the 29% of sales that fall through – or one sale in seven or so..

    Could this be more to do with some vendors not doing their homework, and finding that they don’t have enough equity to transfer their mortgage?

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  • As a lateral observation… our local paperty papers once bulging are getting thinner and thinner, this has been caused by some extent to the cull of estate agents in our area. The main reason though seems to be less and less properties listed, the bulk of which are in the 200~250K bracket (which says to me that FTB’s can sod off). The rest of the pages are padded out with SSTC listings (why? unless it is to say ‘hey – look how successful we are shifting properties’, or ‘quick, it’s your last chance cos everything is going fast!’).. and more and more listings of rental properties. I think this is more of an indicator than any indexes or surveys.

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  • Thecountofnowhere says:

    There’s probably a lot less buyers than the sellers think !!!

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