The amount of property in most areas has increased pressure on values to be accurate. This is a result of the decision to suspend Home Information Packs which has encouraged sellers into the market.
This coupled with a slight softening of demand has contributed for the need for realism on pricing.
Our advice remains that a realistic approach to pricing is the key.
For example it’s no use applying a 10% increase to your true value as all that will do is deter perfectly good buyers from viewing in the first place. Concerns about having to consider low offers are unfounded as our experience is that we can achieve a price either at the asking price or very close to it if an accurate value is applied in the first place.
The supply of mortgage finance particulary for first time buyers is still a major factor affecting market conditions.
We believe that this will be ongoing issue for the foreseeable future.
Although the summer months trim the number of people looking; those buyers still active are serious.
Individual, well maintained properties are still securing a premium.