Hot homes: price reductions
Find the properties with the biggest price reductions and you can save on your mortgage money.
There are many reasons why some Londoners need a speedy sale — a new job, school starting dates, transfers abroad, for example. And quick sales can require a generous price drop.
And buyers who may have felt their potential dream home was overpriced could well find it listed at a hefty discount just weeks or months later.
“The market is busier than it’s been on deals done, but it is markedly noticeable that these deals happen when the price is reduced. Given the competitive nature of estate agency and the shortage of stock, I’m afraid a lot of this must be put down to agents over valuing. Current press around a dubiously “booming” market is not helping as many sellers tend to believe it and buy into the hype,” says Ed Mead, Director at Douglas & Gordon.
So do your homework and find those deals. We find the latest discounts on offer across the capital.