Buy­ers shun see­ing over-priced homes

Yorkshire Post - Property - - PROPERTY -

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.”

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