Sellers failing to spot good offers
SELLERS are thinking themselves out of good deals, says Toby Milbank of Strutt & Parker.
“‘He who hesitates is lost’ is a useful maxim for vendors in this uncertain property market,” he says.
“There are few things worse for an agent than seeing a good, appropriate offer being rejected by someone who has fixed expectations, and is not responding to what the market is telling them. Strutt & Parker offices have seen numerous instances of this in recent months. The vendor rejects an offer in haste and, several weeks or even months later, is still regretting it at leisure.
“Their aspirations are often based on historic, pre-credit crunch values,” says Mr Milbank.