Here’s some fantastic news that both we and the NAEA have compiled over the last few months! This is fantastic, not simply for the reason that myself and my colleagues have seen success, but fantastic because as a seller, the results we are achieving are better than any national average available!
The latest data and analysis from NAEA Propertymark has revealed that only 3% of properties sold for more than the asking price in May – a drop of 4% from April and the lowest level since October 2016.
According to the report, the number of homes which sold for less than asking price rose to 77% last month – up 5% from April.
Woah! Let’s slow down a moment. Less than asking price sales agreed means one of normally two things (or maybe, if you’ve genuinely chosen the wrong agent, both).
One: The property has been overpriced to win the instruction.
Two: The agent’s marketing has not been good enough to attract enough buyers to create the interest and drive the price upwards.
In contrary to these figures, we in May alone saw 70% percent of our sold properties sell for over the asking price and 15% for asking price. That leaves only 15% that sold for below asking price.
This tells me that we can still improve but it also tells me that we are working with the clients best interest at the forefront of our business. We are not simply looking to sell your home, we are looking to absolutely achieve the very best results possible!