Selling Your House? Estate Agents Warn Sellers to Accept Offers 10% Below Asking Price
The latest RICS survey shows estate agents at their most pessimistic about the housing makret for 18 months, as they warn people looking to sell their homes that they need to be more realistic about their sale price expectation and that they need to accept offers 10% below the asking price if they want to complete their sale.Prices are being suppresed by a lack of first-time buyers, an oversupply of property and economic worries. At the lower end of the market, houses are typically selling for 10% less that the price estate agents are advertising them for.
This is often something that we encouter - people often approach us with a price for their house given to them by an estate agent eager for their business, but as reflected in the figures above, these prices are often unachievable and we help people to understand what price they can realistically hope to get for their property.
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