But there is considerable regional variation with just 6% of sellers in London having to sell for less than expected while in Yorkshire and Humberside it was 56%, the study from the Nottingham Building Society shows.
Nottingham believes the research demonstrates how a lack of sound estate agency advice could cost home owners thousands of pounds and highlights the variations in advice around the country and the need for realistic valuations.
The research also found that 25% of home owners who tried to sell during the past five years, did not complete the deal and Su Snaith, head of estate agency at the Nottingham, said that while price is not all that matters when you are selling it can be absolutely vital if you are relying on a certain price for your next purchase.
‘The research emphasises the need for independent advice focusing on what is important for sellers at the start of the process and particularly so when so many are taking substantial price cuts,’ she pointed out.
The research also shows that overall 27% of sellers achieved a higher prices than expected, led by London at 56%, then Scotland with 43% doing so and Wales at 42%.
http://www.propertywire.com/news/europe/large-number-uk-home-owners-sell-less-expected-research-suggests/
No comments:
Post a Comment