Buyers unwilling to part with money says National Homebuyers
Anyone wishing to make a fast property sale really needs to have an outstanding property if they want to make a sale.
[UKPRwire, Fri Feb 01 2008] That is according to DTZ Residential, which has revealed that interest in the property market has fallen away.
The firm said that most properties simply do not offer enough to entice buyers to part with their cash, spelling bad news for anyone seeking a fast property sale.
The global credit crunch is at least partly to blame, as the average buyer finds it more difficult to secure the mortgage they need in order to make a purchase.
In addition, falling house prices mean that many people simply do not want to enter the market at this time.
"Our best selling properties are the distinctive developments which have features to tempt buyers into purchasing now," said Mike Bickerton, associate director of DTZ Residential.
"Unique greater London schemes with an intrinsic and long-term value are continuing to attract keen and savvy buyers. Competing in today's marketplace means properties clearly need to stand out," he added.
Fast property sale expert Julian King adds, "Those entering the bottom of the market are few and far between".
Mr King is a director of National Homebuyers, the UK's leading fast property purchase firm that makes an immediate offer to purchase any property from homeowner who need a quick sale.
"First time buyers traditionally account for 45-50 per cent of all property transactions.
"This is now more like 20 per cent. With a stark lack of people getting on the ladder and fewer buyers for your property, this will bring prices down further.
"Homeowners who need a quick sale to secure their new property or avoid repossession need to consider options away from the traditional open market approach" says Mr King.