WE buy any house firm, Property Solvers, says it has revealed the areas in Skipton where home sellers have been reducing their prices the most.

Tracking 67 property transactions between August 2020 and August 2021, the company says the monthly updated asking vs. sold price difference tool shows the average differences between asking prices on Rightmove and their actual sold prices lodged at the HM Land Registry.

The company says data, therefore, monitors the entire house sale process from initial listing, viewings, negotiation, offers, agreement through to the survey process, conveyancing, exchange and finally completion.

It says across Skipton, sellers were knocking off an average of £7,233 (or 2.85%) from the initial asking price in the 12 months to August 2021.

A spokesperson for Property Solvers said: “Despite what has been a very active market, homebuyers are still, by and large, able to negotiate down on prices. There is also wider evidence of surveyors down-valuing properties that are misaligned with the realities. This means that properties end up selling for lower than the original estate agent price estimation.”

"It’s relative of course, a more expensive property is likely to see a wider price difference. Nonetheless, when buying, it's worth checking how much prices are being reduced in your area using our tool.

“For sellers, before listing, we always suggest looking at the widely available free data from HM Land Registry which tracks the prices properties are sold for and not what they are advertised for.

“This 'asking vs. sold price difference tool' will be updated on a monthly basis so sellers can see how realistically homes are being priced in their own postcode.”