Buyers shun seeing over-priced homes
SELLERS are being warned not to risk over-pricing, following new research from Rightmove.
It says 62 per cent of homehunters won’t view a property they consider to be over-priced, even if it ticks all the boxes on their wish-list.
Rightmove’s research finds that only 38 per cent of home-movers would actually go and view a property they consider to be overpriced before deciding whether to put in a lower offer.
Rightmove director Miles Shipside says: “It can be tempting for sellers to price high on the assumption that they are giving themselves room for negotiation. However, our findings indicate that this can be a risky business and is likely to deter some six in 10 potential buyers.”