The days of ever escalating house prices seem to be over! The value of property is largely a matter of the confidence of buyer but consider:-
- In a falling market it may be better to set a “realistic” or lower asking price rather than to chase a falling market downwards.
- Alternative strategies may be not to fix a definite selling price but instead set a “guide price” perhaps in a bracket. The intention in doing this is to tempt prospective buyers into making an offer – in the hope that this can be negotiated upwards.