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02/02/2009
Asking price is "everything" |
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In the current property market, the valuation placed on a home is vital.
Michael O'Flynn, content editor of FindaProperty.com, says that the asking price of a home could be the reason why it sells or not.
"Price is everything in the current market," he states, adding: "The feedback we are receiving from agents generally is that competitively priced properties will sell."
Mr O'Flynn believes that there are a lot of potential buyers on the market but the price has to be tempting for them to take the plunge.
The proportion of postcodes that recorded a fall in prices stood at 58 per cent in January 2009, down from 63 per cent in December 2008 and 70 per cent in November 2008, according to Hometrack.
It was also found that the average property was sold within 12.3 weeks in January 2009. Figures show that properties are staying on the market for longer when compared to 12 weeks in December 2008 and 11.8 weeks in November 2008. |
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