Buyers go low

Posted: 28 Jun 2006 11:24:05 GMT

            Property News - Buyers go low

An increasing number of buyers are starting to pitch their offers lower, as the market looks set to turn in their favour once again.

According to research carried out by Propertyfinder, an increasing number of buyers are now looking to make offers under the asking price, with sellers in some areas of the country choosing to accept that lower offer.

It appears that sellers are becoming concerned that they will not be able to shift their properties as easily in the months ahead and so are willing to take offers which are below the asking price rather than leaving their property on the market awaiting a better offer.

Therefore, now could be the time for buyers to find themselves a bargain, as the uncertainty in the property market appears to have left sellers somewhat nervous.

Concerns that there could be a rise in interest rates before the end of the year, as well as an unstable stock market, have left many sellers unwilling to wait around for fear that prices might start to dip during the second half of the year, offering buyers the chance to go low with their bids.

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