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Prepared to pay the price?

Posted by: katalysis

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Chewing the cud with a long standing Client of the Firm the other day who mentioned a couple of local Estate Agents had told him they had no problem in “selling” property in the current market. Given that the agents in question have a reputation for rather optimistic pricing this came as something of a surprise. However, on closer scrutiny it transpired that said agents were bemoaning that whilst people were prepared to pay the price the banks wouldn’t give them the money to close the deal! A case of ready, willing but unable. It seems that when it comes to spending their money the Banks are no longer prepared to allow people to pay too much. 
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