C
Camry
Guest
Mr Man,
There is now massive excess supply in the market which is still growing (i.e. numbers for sale and time to sell rising). That means that prices are a long way above a clearing price.
Add to that the simple fact that only a fool (or an Estate Agent) would recommend a negotiation tactic of starting high.
I have seen more than one example of a vendor giving a response to an offer such as this one, only to later drop their asking price even lower when they have failed to sell.
There is now massive excess supply in the market which is still growing (i.e. numbers for sale and time to sell rising). That means that prices are a long way above a clearing price.
Add to that the simple fact that only a fool (or an Estate Agent) would recommend a negotiation tactic of starting high.
I have seen more than one example of a vendor giving a response to an offer such as this one, only to later drop their asking price even lower when they have failed to sell.