High costs of borrowing means buyers are being cautious. This is just one of the reasons why seven in ten agents are saying that it is now a buyer's market.
Buyers with a reluctance to overstretch their budget are coming up against optimistic sellers, resulting in a growing disconnect between buyer and seller expectations.
Recent analysis shows the market gap between the asking price expectations of a seller and the approved price of a buyer increased to 35.6%, 1.5% higher than the previous quarter.
Given the price sensitivity of the property market, understanding local market dynamics and pricing realistically are crucial to successfully securing a sale.
After a period in which property prices have risen sharply, sellers can be overly optimistic in their expectations. That’s why it’s more important than ever before to choose an experienced and knowledgeable agent like Quealy & Co, that will price the property for the current market.
Choose an experienced and knowledgeable estate agent
At Quealy & Co, we are all focused on providing a service to our customers that they value and will remember for whenever they may need us again in the future. So our clients are not numbers but real people whose custom we hold dear.
We have a great team of people who have many years of experience in the industry who all live in the communities in which we work. We are members of The Property Ombudsman Scheme, licensed by the OFT; we are an accredited member firm of the National Association Of Estate Agents.
You are in safe hands with the team at Quealy & Co. Get in touch if you have any questions about moving home, we’d be delighted to chat and our advice is free and without obligation.
Source: #Dataloft Poll of Subscribers, Benham and Reeves
20 March 2022
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