house sales: hampstead, north west london
Offering Incentives
Sellers typically adopt one of two selling strategies, the rock bottom or the drop-down approach
Rock bottom sellers don’t like to hang around, so they price their home at the rock bottom price they would take. Drop-down sellers set their asking price several thousand pounds above the price they would actually take in hopes of getting lucky, but they are willing to come down in price.
The pricing strategy you use will probably depend on how much time you have to test out the market. If you want to use the drop-down approach, you should sit down with your agent and work out a schedule of how long you’re willing to wait before lowering your price.
You should plan out a regular schedule of price reductions until you find a level that attracts buyers.
West Hampstead Estate Agent | Martin & Wright
Martin & Wright is an Independent Estate Agency based in West Hampstead. Associated in 1998, we are well established in the market place and command a strong market presence. Operating from our newly modernised, state of the art offices in West End Lane, West Hampstead our primary objective is to offer an honest, reliable and efficient service to our Clients. We specialise in quality Sales, Rentals and Management with Central and North West London.
Cricklewood, NW2 | Kilburn, NW2 | Hampstead, NW3 | West Hampstead, NW6 | South Hampstead, NW6 | Belsize Park, NW3 | St Johns Wood, NW8 | Maida Vale, W9
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