Why now is a good time for sellers
Quoting Clare Coode of Stacks Property Finders
Can I be greedy with my asking price? No. Buyers are looking for value and are increasingly knowledgeable about the market. “They are not prepared to pay silly money just because pickings are slim,” says Clare Coode of Stacks Property Search, a buying agency, in Cornwall. “There are plenty of examples of lovely properties languishing on the market because owners simply won’t drop their price to a sensible level at which buyers would be queueing up.”
In Cornwall the pent-up demand from buyers can be extreme, Coode says. “There has been a dearth of good properties on the market and buyers are circling like hungry sharks for retirement cottages, family homes and prestige holiday houses,” she says. “It’s a seller’s market for period mid-sized houses in Cornwall at the moment — this sort of property is the least available and most viciously fought over. Three to four-bedroom period village properties are in high demand, as are pretty family homes with an acre or two of land. A four-bedroom farmhouse for renovation was recently listed for £650,000 and went for £725,000. Prime waterfront properties are also being sold for above expected prices.”
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