Homeowners Overvalue Possessions, Slowing Sales
A gap exists between what sellers are willing to accept and what buyers are prepared to pay, which slows transactions and leaves properties on the market longer. This phenomenon is an amplified version of the known tendency to place higher value on owned items. Consequently, old cups and forgotten pulses may remain in cupboards for some time. This discrepancy is slowing down transactions, leading to properties remaining on the market for extended periods. Homeowners are overvaluing their possessions, which is contributing to a slowdown in property sales.
Topics
Developing
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Sources · 7 independent
France Culture
“Cet écart ralentit les transactions et certains bien restent longtemps en vente. Au fond, il s'agit d'une version amplifiée d'un phénomène bien connu.”
France Culture
“plus élevée que celui que les acheteurs sont prêts à payer. Cet écart ralentit les transactions et certains bien restent longtemps en vente. Au fond, il s'agit d'une version amplifiée d'un phénomène bien connu. Notre tendance à accorder plus de valeur à ce qui nous appartient.”
WNYC 93.9 FM
“And so I think some tilt toward more local control. My pleasure. and more moderate making us healthy stance in recent weeks.”
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