Tuesday, January 10, 2012
Deluded sellers (finally) get a shot across the boughs
More houses were put up for sale in December 2011, but "unrealistic" asking prices are expected to hinder transactions, according to the Royal Institution of Chartered Surveyors. The number of new instructions edged higher for the third month in a row, Rics said, suggesting more sellers were coming on to the market in time for the new year. But despite a slight increase in buyer inquiries, surveyors' expectations for future sales dipped from November and are now flat as a result of the "unrealistic price expectations" of some vendors.