Buyers beware as confident home sellers start to hold out for the asking price

amcluesent

"Buyers are beginning to lose the upper hand in house sales as fresh evidence suggests that in some regions of the country sellers are successfully holding out for close to the asking price.

Nearly two thirds of estate agents across the country said the difference between asking prices and selling prices narrowed sharply over the past three months.The margin between asking and sale prices is narrowing fastest in the South East of England."

GET IN!

Max_Headroom_3

Gosh, fancy estate agents saying that, it must be true then!

pizzagirl

amcluesent wrote: »

"Buyers are beginning to lose the upper hand in house sales as fresh evidence suggests that in some regions of the country sellers are successfully holding out for close to the asking price.

Those are the properties you see on rightmove that have been on rightmove for a couple of years and not sold. Canny vendors, I don't think so.

savemoney

A bungalow near us was up for sale 2 years ago at 180k, it remained empty in that time, just sold a couple of weeks back for 130k, the guy who was selling was holding out for the asking price in all that time

wheresmydoshat

until there are actually more than a handful of sales in any one area i don't think any of these figures are of much use.

mbga9pgf

They will be begging for 20% off 2007 prices by next spring. Wait and see!

brixham

Could it be that some vendors are being more realistic with their prices ?
On for £250 and accepts £200 big difference from on for £210 and accepts £200.

Davesnave

'The truth is that all real bear markets tend to offer the unwary investor one last opportunity to lose money.'

Merryn Somerset Webb

http://www.ft.com/cms/s/2/fcb77330-205c-11de-a1df-00144feabdc0.html

Know it's been posted before. Bears repeating (pardon the pun!);)

StevieJ

Davesnave wrote: »

'The truth is that all real bear markets tend to offer the unwary investor one last opportunity to lose money.'

Merryn Somerset Webb

http://www.ft.com/cms/s/2/fcb77330-205c-11de-a1df-00144feabdc0.html

Know it's been posted before. Bears repeating (pardon the pun!);)

Merryn Somerset Webb is editor-in-chief of Money Week and previously worked as a stockbroker. The views expressed are personal.

Davesnave

StevieJ wrote: »

Merryn Somerset Webb is editor-in-chief of Money Week and previously worked as a stockbroker. The views expressed are personal.

Yes, that's what it says at the end of the link I posted.

Pssst

Oh yes,and we will see banks feeling so safe that they will start offering 100% mortgages again soon.