Q. Is there any point in trying to sell my property at the moment, with all the talk of the credit crunch and prices slipping?
A. The market is a little tricky to say the least at the moment, as headlines continue to bombard the local and national press with news of 10,000 finance job losses on the horizon in the next 3 months and lenders tightening up their belts. Surprisingly though, property is still continuing to go under offer at the ‘right price’. Given the fact that many buyers have been waiting in the wings for a dip in prices, we are now seeing movement of stock as long as the vendors are prepared to accept an offer of between 5-10% lower than previously expected. Agents have been struggling with their vendors up till now with regards to the slip in prices but now at last everyone has their head round the idea, and deals are coming together. Therefore as long as you are prepared to be realistic on price and most of all listen to your agent with respect to the correct marketing figure you will still be able to secure a sale to a suitable opportunist who is making the most of the buyers market.