Asking price is still key to successful sales
Monday 29 June 2009
Asking price is still key to successful sales according to a recent Home Sale Network member survey for May 2009, which continues to indicate improvement in the property market since the start of the year.
98% of Home Sale Network members in a recent survey report that asking prices are still the key to achieving successful sales in the current housing market.
30% of survey respondents report achieving on average 95-100% of asking prices in May with a further 54% achieving sales at, on average, 90-94% of asking prices.
The survey also reports that 62% of members questioned have seen an increase in the number of sales being agreed in their area in May 2009 when compared to April.
In addition, the time taken to sell a property decreased in May with 55% of respondents indicating the time to under offer in May had “somewhat reduced” when compared to the previous month. 36% respondents reported the time to sell “remained the same” in May when compared to April.
Home Sale Network’s survey results are confirmed by Managing Director of Home Sale Network, Richard Tucker who said: “We continue to see encouraging signs within the property market, in price achieved as well as time to sell.
“However, as this survey indicates, it is really important that vendors appreciate that price is still key to successful sales in this current market. Competitively priced homes are selling more effectively than they were at the start of the year but equally, proceedable buyers are fully aware of property prices in this area and are likely to negotiate hard on price to ensure they do not pay over the odds.”
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