Aug
22
22/08/2011
For the first time this year, home sellers lowered asking prices, according to Rightmove, a property website. The website reports a drop in prices this month of 1.6%, which is an average of £3,797 per property. Rightmove also pointed out that a sluggish housing market has resulted in 70% of properties put on the market in 2011 not yet selling. Even with prices being lowered, the average asking price – at £236,597 – is still higher than current selling prices, which the Department of Communities and Local Government calculates at £203,528. This difference suggests homes are being overvalued by 16% by the sellers or the sellers’ estate agents.
With the housing market under pressure, it could be difficult to sell your house; however, you could consider the help of a sell and rent back company. A sell rent back company will buy your home, enabling you to stay as a tenant with sell to rent back. Rent Back Experts, Property Rescue’s sister company, is a sell to rent back company, which allows you to sell rent back your home with no estate agency fees. When you sell to rent back, you also avoid legal and valuation fees.
For a sell and rent back valuation by our sister company Rent Back Experts, call Property Rescue on 0800 1313 999 or email
info@rent-back-experts.com to obtain an 80% cash buy offer within one day.