Rightmove questions 'asking price logic'

The average asking price of a home in the UK now stands at £216,163, up from £213,270 in January.

However, anyone interested in DIY house selling may take note that the website does not think that it is a sensible decision to increase asking prices just yet.

In a Rightmove survey of 28,000 potential buyers, 25,000 said now was a bad time to sell a home.

Miles Shipside, commercial director of the website, says vendors appear to have disregarded this assessment of market sentiment and put prices up.

He adds: "While sellers have been more conservative in their New Year bullishness than last year, they may regret not pricing more aggressively to capitalise on the spring surge in buyer interest."

DIY sellers could follow the advice of Gareth Samples, sales director at Your Move, who suggests that a good property that is valued "realistically" should still sell close to its asking price.

Written by Christopher Evans

Published on: February 18, 2009

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