Managing director of FirstRungNow.com Helen Adams explained that some homeowners are in a position of needing to sell.
And she added that buyers who carry out effective research and are aware of the different options could capitalise by haggling over prices.
"It is probably a buyer's market at the moment for those people that have the funds and are prepared to take that small risk of buying now. They can negotiate hard," said Ms Adams.
A recent study by the Royal Institution of Chartered Surveyors revealed that the gap between the asking price of property and the figure it is actually being sold at is widening.
In the UK as a whole, the average house was sold for nine per cent less, while in the north of England there was a gap of 12.5 per cent.
Property News from Lawpack: buying or selling your own house? Straight-forward advice on conveyancing, buy-to-let, HIP Kits and DIY house selling.
