"Over-valuing of properties for sale appears to be widespread, with the number of homes on the market reduced in price last month at a high", reported Estate Agent Today magazine.

Prices of 66,445 homes were reduced, with an average price cut of £14,700.

According to the property portal Home, which tracks data on asking prices for properties new to the market as well as prices for properties already for sale, sellers are reducing prices out of nervousness, ahead of the emergency Budget, and frustration.

Phil Wardle of GO Property says that vendors usually have a higher expectation of what their property will fetch, which can be unrealistic. There are plenty of buyers out there at the moment and those who market their property at a realistic figure from the outset often sell and in a relatively short time period.

For a realistic and no obligation appraisal of your property, please call our office or This email address is being protected from spambots. You need JavaScript enabled to view it. to arrange an appointment.

LATEST NEWS

  • Annoyingly, The Bubble is Back!

    21/07/2021

    As the country starts to tentatively return to normal following the relaxation of Social Distancing rules, the ‘Pingdemic’ created by the Track & Trace App is  wreaking havoc with READ MORE

  • Early Closing Tuesday 29th June

    25/06/2021

    On Tuesday, Englands football team play Germany in the Euro 2020 competition. To allow our team here to join in with the occasion we're closing early so everyone can get home and get their facepaint READ MORE

  • We're Recruiting Now!

    16/03/2021

    Granger & Oaks specialise in managing quality rental property across Greater Nottingham and we’re now looking to recruit a self-motivated individual to carry out accompanied viewings and READ MORE

View all news
-->