Posted on August 19, 2009 - by admin

No Offer On My House

If you are looking for a fast house sale you may have to wait awhile for the housing market to recover. Much of it depends on the area you live in and the demand for housing. I own a home in London that was worth about £300,000.00 in 2005. When I moved out of the home in 2005 I decided I would rather rent than sell it, which turned out to be a very bad, costly mistake. I listed the home for sale in 2006 with an asking price of £250,000, the home stayed on the market for several months but did not sell. The home is still rented and the market value of similar homes in the area is about £200,000 or less. It is amazing to me how quickly the market price of the house went down, it seems as if the buyers all disappeared. When the home was listed for sale I offered numerous incentives, but not even one offer after almost a full year on the market.