| Comment | Feedback I'm getting from estate agents selling a house for me at the moment is that the market is definitely cooling off rapidly at the moment with more sellers slashing prices, myself included. To be honest the asking prices have been mental for a long time now and a correction is well overdue.
I had the house listed (offers over) at 10k below the home report value and after about 10 days of high activity in viewings they dropped off a cliff after the latest interest hike. Just dropped it to offers over 25k less than HR value and interest picked up sharply today. Would say there's no chance in the current market now of getting close to the HR value which in my opinion was stupidly high to start with.
Personally I'd avoid buying just now if you can unless you get a cracking deal on a place well below the HR value as house prices are pretty much dead cert to drop significantly. |
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