A report by the HomeOwners Alliance has indicated that homes sold exactly 14 days after being listed have the highest chance of achieving their asking price.
They say that a home sold in this time typically achieves 99.4% of its asking price.
After one month, a property achieves around 98% of the asking price, this drops to 91% after two months and 90% after 3 months. Based on average house prices, this would amount to a £5000 price drop after one month and over £20,000 after two months.
The HOA Chief Executive said:
“This illustrates how important it is for sellers to get the price right when listing a property. A good estate agent will help you do this…”
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