Pricing in market needs to be realistic
Buyers and sellers need to be realistic about pricing, say estate agents.
Leicestershire experts gave their views after a survey by property website Rightmove reported there was a danger of a "stand-off" between buyers and sellers in the coming months over pricing.
Its study of 40,000 people found half of people planning to buy a house in the next year felt prices in their chosen areas were still above what is "fair and reasonable".
However, only a third of people who are trying to sell a home hold the same view, and 56 per cent of them said their biggest concern was receiving an offer they consider to be "sensible".
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Amanda Chemney, from Bentons estate agents in Melton, said: "Prices have held well in sought-after areas, and also in homes which are a little bit different from the norm are selling well.
"However, some sellers – although not many – still think they can achieve the same prices for their home as they did a few years ago and these days it is a buyers' market."
Robert Taylor, of Taylor Bourne estate agents, said people who bought a few years ago needed to stop focusing on what they bought their home for and instead look at today's market.
Working with their agent, he said, and taking their advice was the best way to achieve the right price.
Martyn Baum, regional spokesman for the National Association of Estate Agents, who runs Hartley's in Ashby, said: "At the moment, it's a buyer's market but it's true to say in Leicestershire house prices have gone up every month this year.
"Traditionally, people see property as an investment, and they are understandably keen to make the most money they can, but I think people are more realistic about today's market."
Rightmove said UK house prices were still around five times that of earnings.
Seven out of 10 people out of nearly 40,000 home-movers in the UK-wide study conducted last month said they expected house prices to be the same or higher in a year's time, while only 24 per cent thought that the prices would be lower.