2 Aug

Property sellers still taking time to adapt to new conditions

Property sellers still taking time to adapt to new conditions

People looking to sell their house are still having to take the time to adapt to the market, with the most difficult decision they need to make being whether or not they are aggressive with their pricing.

Hometrack reported this week that house prices in July fell thanks to poor levels of buyers looking for homes, and this means that many sellers are dropping their prices just to get rid of their property.

Gary Styles, strategy, risk and economics director at Hometrack, said that this is leaving a dilemma for people looking to move house.

"I suppose it would come down to how quickly people want to sell in the market. If you can afford to take time over it, then obviously lowering the price may not be the best option, but it does largely come down to how quickly you want to transact."

He went on to say that the most important thing is to remember that it will all come down to realistic pricing, with the desire to price too high likely to become a thing of the past.ADNFCR-1222-ID-801421276-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.