Overprice at your peril
Recent surveys portrait a very confusing picture of the housing market reports Andrew Oulsnam, Managing Partner of Robert Oulsnam & Company.
The latest bank and building society figures show a small but steady decline in house prices over the last few months. This has been borne our by reports from ourselves and other estate agents.
At the same time the level of enquiries to estate agents has dipped noticeably in September with less sales across the board and a sharp reduction in general enquiries.
Then completely out of the blue Rightmove reports that asking prices have risen over the last month, this almost beggars belief.
Sellers are clearly expecting increasingly higher prices for their property at a time when the figures being achieved are lower than they were six months ago.
Realistic pricing is the key to the sale of any property at present commented Andrew Oulsnam.
The first few weeks of marketing a property are critical in the sale of a property with more interest shown when it is new to the market than at any other time.
To overprice or not consider a realistic offer may lead to the property not selling at all.
It is possible to sell at the current market but only with realistic pricing.
There will be a lot of disappointed sellers this winter.
If you are serious about selling and would like advice, please contact us at firstname.lastname@example.org