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Will property prices reduce in Liverpool?

Can you tell me please if this is a good time to buy the property or I should wait a little bit more to buy the property? How is the house market in Liverpool, the property was on 80,000 then dropped tp 74,000 now 70,000. I offered 65,000 but the vendor did not agree, what do u think I should offer or should I wait for this property or any other property in Liverpool to buy?

Asked on Dec 11 2012, General in Liverpool | Report content

Answers (1)

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  • Hi neerusax, At the moment, property prices across the country are volatile, because of the fact that most of the nation is experiencing an abundance of supply and very little demand, given that most people are now moving into the private rental market. What this can mean often is that if a house stays on the market for a very long period of time, then it will normally be reduced in terms of asking price as a way to try to find a buyer. However, there is no guarantee that it will be reduced a set number of times, so it would be hard to say if this particular home will drop in price to your offered amount, especially since you say it has come down three times already. If £65,000 is the most that you are willing to offer for this house, then it could be worthwhile waiting to see if a lack of activity will lower it any further. If not though, you could try edging up your offer slightly. Thanks, Scott

    Answered on Dec 18 2012, Report content

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