As we keep reading in the headlines of late; property prices have moderated. While demand remains strong across the market, sensible and realistic initial pricing of a home impacts on the success for a quicker and smoother sale.
Data from Rightmove indicates that properties that experience a price reduction are 10% less likely to go under offer. They are also on the market for more than double the time, before they go SSTC (Sold Subject To Contract).
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 that will price the property for the current market.
Latest research by Zoopla indicates that the average reduction on initial asking price at point of sale is 3.8%, although more than 40% of recent sellers have accepted offers of 5% or more below.
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, Rightmove, Zoopla
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