Are any Houses Selling?
October 23rd, 2008Well, the answer is quite simple – Yes they are, only if they comply with the following in:
A) Correctly priced for todays market. (No longer the days of boom and silly prices)
B) Correct marketing.
C) Negotiated correctly.
It is amazing to think that in such a short space of time, only two years, we have gone from property prices increasing daily and selling like there was no tomorrow to a free fall in prices and people can’t get rid of their property quick enough. You just open your local paper and see how hard to estate agents are trying to bring in buyers. You will find the word auction become more and more common in months to come as sellers and all too often now, banks are selling off property at BMV (Below market value) upto 60%.
UK is not the only country to see these real estate price falls, but it certainly is seeing the sharpest slides in home value. Sit tight, it will be a bumping ride down……
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