Why are properties sometimes sold below market value?

Published Oct 12, 2021

There are many reasons for this, but the common theme is that the seller is motivated to sell. To such motivated sellers, the speed and certainty of the sale is very important, so they are willing to sell it at a discount.

Some of the common reasons are:

On average, residential properties can take anywhere between 3 to 4 months to complete, and statistics show that nearly a third of house sales fall through for various reasons. Where a seller wants speed and certainty of a cash buyer, or one without a chain, they will be inclined to reduce their selling price.