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Why overpricing your property could jeopardise the eventual selling price

Tuesday 25 Feb 2020

However, The Home Owners Alliance recently surveyed 6,500 estate agent branches across the UK which shows how the eventual price paid for a property steadily decreases over time. After one month a property is likely to achieve 98% of the asking price and down to 91% after 2 months – this is costing home owners an average of £20k – after 3 months it achieved only 89.5% of asking price which is an average of 41%.

David Phillip stated – “a keenly priced property will not only maximise the initial interest on a property, but increase the chance of a number of offers – this will achieve a higher eventual price than if you start out over-optimistically. Our company subscribes to the National Review site All Agents, where we have been ranked as 100% sales valuation accuracy, which is key when selling your home in North Leeds”

So if you are looking to sell your home in what is traditionally the ‘Spring bounce’, call an agent with 5 star reviews, 3Dvirtual tours and local area videos.

Telephone 01134 676 400 for a free market appraisal where we will provide you with a realistic but competitive price for marketing your home

 

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