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Research reveals homes failing to hit asking prices

Research reveals homes failing to hit asking prices

At Open Property Group we have analysed statistics and agree with the recent report by the national association of estate agents. The NAEA showed that 73 per cent of properties sold in January achieved less than the asking price.

New applicant registrations have fallen too, and less offers are being made on each property according to several estate agents.

New figures from HMRC this week showed a 6 per cent drop in UK housing market transactions from January last year.

When selling a property there are numerous reasons why a sale could take much longer than anticipated, and also this research reveals than 73% of properties achieve less than the asking price. Moreover, in our experience the average property achieved 92% of it's asking price too.

Jason Harris-Cohen of Open Property Group commented "Naturally buyers want a good deal, however sellers want to achieve the best possible price too"

Many customers now rely on the likes of zoopla for a property valuation, which frankly is very inaccurate to get a true property value. There are several variables to take in to account when valuing a property including; Type of property, location, condition, position, and a SWOT analysis.

At Open Property Group we value hundreds of properties each month. We offer a no nonsense, no hassle property buying service and make quick, cash offers for any type of property.

We understand why numerous homeowners choose a quick, cash sale. As landlords and property owners ourselves, too much of our time is wasted chasing buyers, estate agents, and mortgage brokers. We want to change that"

Please contact us today if you want a fast, no obligation cash offer for your property.

T: 0800 990 3939
E: info@openpropertygroup.com

Published on 28th February 2015

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