Mon 04 Dec 2017
A report released today by industry giant Zoopla states the average home in England and Wales now sells for very nearly 4% under its original asking price - which is around £10,623 in real terms. The figures for the East of England region is slightly lower at 3.16% under asking (http://bit.ly/2kjPtDO). The report goes on to say that this figure has got bigger over the past 12 months, increasing by 0.32%.
I'm proud to say that after running the numbers on our own business over a two-year period, here at Lovett Sales & Lettings we achieve much closer to the asking price than the UK and regional average - with vendors receiving on average just 1.65% under their asking price. In real terms, this is about £3,746 (with our average asking price being £227,596 and an actual average sale price of £223,849).
This goes to show the importance of having experienced valuers with real local knowledge of the market. We can't emphasise enough how key it is to get the pricing right when marketing your property. Sure, we could be like some of our local competitors and tell you what you want to hear, but what's the point in that?! This just means your house wil just sit on the market getting stale for weeks at a price people aren't willing to pay!
If you'd like to request an accurate vaulation on your property, please feel free to call us on 01480 218200 or email email@example.com
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