A property in Streatham, south-west London, attracted 70 viewings in an open house day and sold for £75,000 over the asking price.
Agents Townends said the imbalance between supply and demand has never been more acute, and that for every new property coming on to its books, it has 12 buyers registered.
Douglas Sleaper, managing director for Townends, said: “At present, open houses are a reaction to the sheer volume of people trying to view a particular property.
“Organisationally, they are the best way of trying to control and condense a significant amount of viewers, offering an equal chance to everyone.
“Of course, buyers are more aware that there isn’t a constant stream of new properties coming to the market which creates an element of stress and competition.”
He said the challenge for agents was to organise any open house day tightly, and to use appointments.
Meanwhile, in another sign of the times, how about this would-be buyer who was gazumped by the seller at the last moment, after the seller’s own solicitors dallied over the conveyancing.
Comments (5)
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Someone got their pricing wrong!
Did they?
Seems to me like a remarkable success PR-wise and a great result for the Vendor.
Winners all round, methinks.