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    • MichLambo
    • By MichLambo 10th Jul 17, 8:30 AM
    • 7Posts
    • 1Thanks
    MichLambo
    Bungalow not getting any viewings feedback appreciated
    • #1
    • 10th Jul 17, 8:30 AM
    Bungalow not getting any viewings feedback appreciated 10th Jul 17 at 8:30 AM
    Hi all, we are selling our bungalow and don't seem to be getting any viewings, we have been on the market for four weeks and have only had three.We did get an offer for the full price but they changed their mind Our estate agent suggests a price reduction as other bungalows in our immediate area are cheaper, most of them are a lot smaller and in my opinion not nearly as nice. We would appreciate some feedback. Won't let me post a link but the our postcode is CT11 7AP

    thanks in advance
Page 1
    • *~Zephyr~*
    • By *~Zephyr~* 10th Jul 17, 8:38 AM
    • 576 Posts
    • 1,130 Thanks
    *~Zephyr~*
    • #2
    • 10th Jul 17, 8:38 AM
    • #2
    • 10th Jul 17, 8:38 AM
    Is it this one?

    http://www.rightmove.co.uk/property-for-sale/property-48795411.html




    It looks lovely. If you've had no viewings at all, then it has to be the price. Number 3 sold in December for £175k. Yes, yours has an extra bedroom but is that bedroom worth the extra £150K? I suspect most potential buyers are thinking not.

    Has the market moved that much since December?
    Last edited by *~Zephyr~*; 10-07-2017 at 8:43 AM.
    • aneary
    • By aneary 10th Jul 17, 8:46 AM
    • 428 Posts
    • 306 Thanks
    aneary
    • #3
    • 10th Jul 17, 8:46 AM
    • #3
    • 10th Jul 17, 8:46 AM
    A 2 bedroom on the same road sold for £150k less 6 months ago, is your extra bedroom worth an extra £150k?

    Yes your is in better condition but again another £150k?

    Plus you are with purple bricks.
    • kathrynha
    • By kathrynha 10th Jul 17, 8:46 AM
    • 1,485 Posts
    • 6,830 Thanks
    kathrynha
    • #4
    • 10th Jul 17, 8:46 AM
    • #4
    • 10th Jul 17, 8:46 AM
    House looks okay. Clean, tidy, uncluttered even if not to everyone's taste. I would expect a dining area in a 3 bed house. Also no shower in the main bathroom.


    Floor plan needs correcting, as I assume all rooms have doors in to them.


    Would have to agree with Zephyr, looks good so if not getting viewers it must be the price
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    • MichLambo
    • By MichLambo 10th Jul 17, 8:49 AM
    • 7 Posts
    • 1 Thanks
    MichLambo
    • #5
    • 10th Jul 17, 8:49 AM
    • #5
    • 10th Jul 17, 8:49 AM
    Hi I know what you are saying but number 3 ( next door, sold last December) was in need of pretty much complete renovation, it is a lot smaller and a semi.
    • MichLambo
    • By MichLambo 10th Jul 17, 8:54 AM
    • 7 Posts
    • 1 Thanks
    MichLambo
    • #6
    • 10th Jul 17, 8:54 AM
    • #6
    • 10th Jul 17, 8:54 AM
    Oh another thing we did get other estate agents round and they valued the same
    • always_sunny
    • By always_sunny 10th Jul 17, 9:03 AM
    • 3,339 Posts
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    always_sunny
    • #7
    • 10th Jul 17, 9:03 AM
    • #7
    • 10th Jul 17, 9:03 AM
    3 bed, £325k? Wages must be pretty high in Ramsgate!
    If other EA valued the same, maybe you need to ask what sort of buyers you're targeting.
    Expat with an EU passport
    • fairy lights
    • By fairy lights 10th Jul 17, 9:15 AM
    • 7,959 Posts
    • 26,521 Thanks
    fairy lights
    • #8
    • 10th Jul 17, 9:15 AM
    • #8
    • 10th Jul 17, 9:15 AM
    I wouldn't call it a three bed, to me it's a two bed using the dining room as a third bedroom. A three bedroom house with no dining area makes no sense to me and there's no space in the kitchen for a table, so I wouldn't expect to pay a three-bed property price.
    Also, the astro-turf would be a major turn off for me.
    • SuboJvR
    • By SuboJvR 10th Jul 17, 9:25 AM
    • 323 Posts
    • 219 Thanks
    SuboJvR
    • #9
    • 10th Jul 17, 9:25 AM
    • #9
    • 10th Jul 17, 9:25 AM
    3 bed, £325k? Wages must be pretty high in Ramsgate!
    If other EA valued the same, maybe you need to ask what sort of buyers you're targeting.
    Originally posted by always_sunny
    Although it may not seem an obvious choice, Ramsgate is becoming more popular with commuters into London now - train takes about an hour and a quarter which is only 15 mins longer than the likes of Tunbridge Wells, Maidstone etc. As a result prices in Kent are consistently increasing (same in places like Ashford).
    • The_Logans
    • By The_Logans 10th Jul 17, 9:30 AM
    • 234 Posts
    • 176 Thanks
    The_Logans
    I think it's the price I'm afraid. Looking for 3 bed houses in the price range around your address there are several bigger houses for less. Yes, yours is looking great inside but it doesn't cost a fortune to redecorate and change carpets/flooring so people look past that. For £325 I'd be looking for a family home, and a family needs a dining table.
    • AnotherJoe
    • By AnotherJoe 10th Jul 17, 9:31 AM
    • 7,055 Posts
    • 7,531 Thanks
    AnotherJoe
    I agree with other posts, its very well presented but bottom line, it's a 2 bedroom where the dining room has a bed in it (but not apparently a door )
    • Tiners
    • By Tiners 10th Jul 17, 9:36 AM
    • 166 Posts
    • 176 Thanks
    Tiners
    It is a lovely house.

    I really wouldn't worry too much about finding a buyer and a achieving a successful sale, all you need to do is market it at a sensible and realistic asking price in line with other recent comparable sales. Which would be about £80k less than the current asking price imo.
    • MichLambo
    • By MichLambo 10th Jul 17, 9:38 AM
    • 7 Posts
    • 1 Thanks
    MichLambo
    Re wages in Ramsgate, two streets away from us is Broadstairs, a similar property would be around £60 -£100K more so that is irrelevant really. But thanks for your input.
    • ACG
    • By ACG 10th Jul 17, 9:39 AM
    • 15,243 Posts
    • 7,707 Thanks
    ACG
    Unless there is something we can not see, there is nothing wrong with the property.

    So what else would be preventing offers/viewings? It is the price. I think based on the neighbours who sold recently, yours is probably a fair bit over priced.
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    • fairy lights
    • By fairy lights 10th Jul 17, 9:44 AM
    • 7,959 Posts
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    fairy lights
    When this is for sale less than half a mile away, OP's house is definitely overpriced
    http://www.rightmove.co.uk/property-for-sale/property-60733315.html
    • TrickyDicky101
    • By TrickyDicky101 10th Jul 17, 9:55 AM
    • 2,667 Posts
    • 1,724 Thanks
    TrickyDicky101
    When this is for sale less than half a mile away, OP's house is definitely overpriced
    http://www.rightmove.co.uk/property-for-sale/property-60733315.html
    Originally posted by fairy lights
    That's not comparing like with like though - the OP's place is detached. For me (and many others - but not everyone I acknowledge) being attached would be an immediate deal-breaker.
    • MichLambo
    • By MichLambo 10th Jul 17, 9:55 AM
    • 7 Posts
    • 1 Thanks
    MichLambo
    The link is for a semi detached new build house with no secure outside space (no rear garden), they are very nice places and done to a high standard but they have been on the market for ages. Bungalows do generally achieve a higher price than houses due to the amount of land needed to build them! Re dining room: the lounge is quite large and would easily accommodate a dining area, maybe that's the answer. perhaps if we rearrange the lounge and put a dining area in that would help
    • MichLambo
    • By MichLambo 10th Jul 17, 10:02 AM
    • 7 Posts
    • 1 Thanks
    MichLambo
    I have reduced by 10K see if that helps!
    • mishkanorman
    • By mishkanorman 10th Jul 17, 10:10 AM
    • 4,011 Posts
    • 7,282 Thanks
    mishkanorman
    The room sizes look good, utility is a bonus so make sure you talk that up, I'd want the guest bedroom to be labelled master bedroom (even if you dont use it as such) and perhaps move the sofa so its facing the tv and pop a table and chairs behind it - get rid of the sofa chair you have in there at the minute so its not too cramped.

    You may just find you've hit a slump in the market, I wouldnt worry about the price at this stage
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    • Surrey_EA
    • By Surrey_EA 10th Jul 17, 10:11 AM
    • 1,017 Posts
    • 1,223 Thanks
    Surrey_EA
    I have reduced by 10K see if that helps!
    Originally posted by MichLambo
    Probably not enough, in my opinion. Anyone who was looking up to £315k, would have viewed the property details when it was listed at £325k. From £325k, the next reduction to make a material difference is to £300k/£295k.

    I would also lose the "offers in excess of" prefix. Buyers either find it confusing, or ignore it altogether.
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