Which? analysed hundreds of thousands of property sales in England and Wales between September 2015 and 2016, and found that one in five properties (19%) had to be heavily reduced – meaning the initial asking price was reduced by 5% or more before they sold. They calculate that unrealistic and over-inflated valuations could be potentially losing sellers as much as £4.3bn and significantly slowing down the time it takes to sell a property.
Mr Homes Estate Agents Cardiff were graciously mentioned as the best in Wales according to Which? for having the smallest percentage of properties reduced by 5% or more and also selling the highest percentage of properties for more than the listing price, this was a fantastic achievement for Mr Homes and the team responsible behind the milestone result. Mr Homes were not made aware of this positive article by Which? however some agents were questioned around their failed results with one agent requesting a copy of the investigation before making any comment and another agent commenting " That they work in the best interest of the vendors" although according to the report; homes with a 5% price cut take two months longer to sell.
Mr Homes take a lot of pride in what they do and will insist that in valuing properties accurately in the first instance that we are in fact acting with in the best interest of the vendor and this article proves it. Mr Homes will continue to do this moving forward with great pride and to further safeguard the Estate Agency Industry in South Wales.For press enquiries please contact firstname.lastname@example.org or call 02920 204 555.
ShareShare Mr Homes Voted The Best Overall Agent In Wales For The proportion of properties that were reduced or were sold for the listing price or above.
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Mr Homes Sales and Lettings 233 Penarth Road, Grangetown, Cardiff, CF11 6FS
Tel: 02920 204555
Mr Homes Sales and Lettings 173 Pwllmelin Road, Fairwater, Cardiff, CF5 3QB
Mr Homes Sales and LettingsHomes House, 253 Cowbridge Road West, Cardiff, CF5 5TD Tel: 02920 204555
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