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Richard Faulkner
 
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Default More properties on sale with more than one agent

In message , G&M
writes

"mogga" wrote in message
.. .
Are you desperate to move?

http://www.housepricecrash.co.uk/


I assumed this was some place that buys properties quickly for cash but
can't find that on the site. Just out of interest does anybody know what
sort of percentage of valuation these sort of companies typically offer ?



They will offer an amount where they are guaranteed to make money if
they remarket immediately. In order to do this, and to make it worth
tying up capital for a while, they probably need to buy at around 20%
less than value.

In fact, if you were to market your property at an asking price
equivalent to the amount one of these firms would offer, you should be
inundated with offers from ordinary buyers and, with a good estate
agent, the price would rise to its' market value.

The fact is that you are unlikely to be willing to sell at the price one
of these firms will buy at, unless you are in danger of serious loss if
you dont sell.

Given that you are asking the question, I would suggest dropping your
asking price to the lowest figure you would consider accepting, and let
the market do its stuff.
..
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Richard Faulkner