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Time to get realistic with asking Prices!!!

Author: Sales & Lettings Agents Online Published: 16th May 2011 14:31

Letsmoveyou allow vendors to be more realistic about asking prices by saving them thousands of pounds on fees over High street agents.  Vendors should be more realistic if they're serious about selling!

According to reports from Rightmove, optimistic sellers and agents have pushed their asking prices up this month to the highest level for nearly three years.

Asking prices are now only marginally (1.5% or £3,626) below their all-time high recorded at their peak in May 2008.

However, the blunt truth is that more properties are failing to sell.

While there has also been a big (30%) drop-off in new sellers, attributable to the long bank holiday weekends at the end of April, Rightmove believes there has been an even larger fall in new buyers.

Director Miles Shipside said: "The increase in agents' property stock levels, combined with a reduction in the number of properties coming to market, suggests that the number of buyers has fallen even faster than the number of sellers, and transaction volumes will therefore remain low as we move into the traditional summer slowdown.

"Estate agents usually see their stock turn over more quickly during the spring, but this year's slower market suggests that stock levels may exceed Rightmove's previous record of 79 properties per branch over the next few months."

 

With the savings you can make with Letsmoveyou you can afford to be more realistic and buck the trend.

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