• Home
• Residential Sales
• Residential Lettings
• Student Lettings
• New Homes
• About Aspen
• Career Opportunities

Aspen Residential Services Local Property Market Report

August Market Report:

We have a completely mixed bag of events going on for the month of August.

Property instructions have decreased because of the holiday period. The number of buyers has decreased. Many vendors and estate agents are placing unrealistic values on their properties. Property sales have decreased for the month of August. A much higher percentage of property sales are aborting within weeks of going under offer because of mortgage valuations being much less than the selling price or because the purchasers are having second thoughts.

We are also seeing all our property sales for the month of August being much less than the marketing price except for those properties which were valued correctly in the first place or those vendors agreeing to adjust the marketing price to reflect the true market conditions prevailing.

We noted that the majority of potential buyers are now seeking only to buy correctly valued properties or to make offers forcing the price down to a more realisit price. Some potential buyers are to shy to do the latter and will not bother viewing over valued properties.

The last time we experienced this scenario of events was prior to a property slump. Let us hope this is not going to happen and we can all be more realistic.




 
 
 
 
 
 
 
 
 

Aspen property sales & letting agents in surrey and middlesex

MIDDLESEX Office

77 Church Road, Ashford, Middlesex, TW15 2PE

Location Map

Tel: 01784 252202 Fax: 01784 252211

aspen.middlesex@btconnect.com


Aspen property sales & letting agents in surrey and middlesex

SURREY Office

10 St Judes Road, Englefield Green, Surrey, TW20 0BY

Location Map

Tel: 01784 433696 Fax: 01784 438991

aspen.surrey@btconnect.com

Your Independent Estate Agent established by Iain Laslett in 1988.
Aspen Residential Services are committed to provide a faster, more professional and very much more personal service to the property owning public in Berkshire, Middlesex and Surrey.

SETTING THE STANDARD OF SERVICE

Member of the The Runnymede Accreditation Scheme Member of the Ombudsman Estate Agent Scheme Member of the Association of Residential Letting Agents Member of the Ombudsman Estate Agent Scheme Member of the Nation Approved Letting Scheme Members of the Tenancy Deposit Scheme for Regulated Agents Member of the National Assosctaion of Estate Agents