The asking price is "everything"

by Daniel Jones

When it comes to selling your own home, the valuation placed upon it is crucial, it has been suggested.

Michael O'Flynn, content editor at, says that in the current financial climate buyers are "very price sensitive".

"Price is everything in the current market," he says.

Mr O'Flynn added: "There are a lot of potential buyers out there, but the price needs to be right to convince them to make the move."

Research by Hometrack has found that 88.3 per cent of sellers achieved their asking price in January, compared to 88.6 per cent in December 2008 and 88.9 per cent in November 2008
Furthermore, the same study revealed that the average time it took for a property to sell was 12.3 weeks in January - longer than December's 12 weeks and the 11.8 weeks recorded in November.

The average asking price for a property is £213,570, according to the Rightmove House Price Index from January

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Published on: February 2, 2009

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