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  #51  
Old 16-04-2008, 08:49 PM
deedee1 deedee1 is offline
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Join Date: May 2007
Posts: 426
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Hi all,

The reason that you cant sell is pre-crash nerves!!

As what happens now is that many can no longer afford their lifestyle and cannot borrow further which causes people to sell and try to downsize to save money!!

More repossessions occur hence more property on the market!!

Some people are selling to pull out as much equity as possible now before a slump occurs!!!

And many more reasons and that is why in times like these people more often than not may struggle to sell and will not sell quickly as the ammount of sellers in comparison to buyers at times like these will be MUCH HIGHER!!
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