Mind the gap! Widening expectations between buyers and sellers

High costs of borrowing means buyers are being cautious. This is just one of the reasons why seven in ten agents are saying that it is now a buyer's market.

Buyers with a reluctance to overstretch their budget are coming up against optimistic sellers, resulting in a growing disconnect between buyer and seller expectations.

Recent analysis shows the market gap between the asking price expectations of a seller and the approved price of a buyer increased to 35.6%, 1.5% higher than the previous quarter.

Given the price sensitivity of the property market, understanding local market dynamics and pricing realistically are crucial to successfully securing a sale.

After a period in which property prices have risen sharply, sellers can be overly optimistic in their expectations. That’s why it’s more important than ever before to choose an experienced and knowledgeable agent that will price the property for the current market.

Choose an experienced and knowledgeable estate agent

When it comes to moving you deserve the best estate agent in Camberley, Chobham, Fleet and Yateley. We understand that selling or letting your home can be a stressful experience. Waterfords take pride in their reputation for providing a personal and professional service with a unique approach to marketing property.

We endeavour to remove the stress from the process and make it as straightforward as possible.  

Formed in 1995, we are an independent, local estate agent, trusted for our reliability and recognised for providing outstanding customer service. With branches in Camberley, Chobham, Fleet and Yateley you can choose from a range of our services including residential sales, lettings and property management, land and new homes, professional valuations and independent mortgage advice.

You are in safe hands with the team at Waterfords Estate Agents. Get in touch if you have any questions about moving home, we’d be delighted to chat and our advice is free and without obligation.
 

Contact Waterfords Estate Agents:

Camberley: 01276 66566

Chobham: 01276 858589

Fleet: 01252 623333

Yateley: 01252 870222

CLICK HERE to email us

Back to the blog

Source: #Dataloft Poll of Subscribers, Benham and Reeves