Nans bugalow been on market for 2 years..whats wrong with it?

dopester

ruggedtoast wrote: »

I think its too cheap, you should prolly raise the price a bit to generate interest. Its a sellers market after all.

That is beautiful.

chickmug

dopester wrote: »

That is beautiful.

He may of been joking?

Now and again even in a tough market, or in normal markets, I find the odd seller who seems to think putting the price up is a good ploy. Never works! The last time, with me, was a £360,00 (and overpriced at that) but still got some viewings. Seller put up to £435,000 because other EA's touted for this business telling him they could get more!!!!

dopester

chickmug wrote: »

He may of been joking?

Now and again even in a tough market, or in normal markets, I find the odd seller who seems to think putting the price up is a good ploy. Never works! The last time, with me, was a £360,00 (and overpriced at that) but still got some viewings. Seller put up to £435,000 because other EA's touted for this business telling him they could get more!!!!

In nearly every instance, they are just hurting themselves by raising prices when there has been no real demand to buy at lower prices. The EAs will increasingly become selective about such things..... sellers who are unrealistic with their asking prices cost the EAs money, as having such unsellable property on their books costs them money.

Yes... his sarcasm was beautiful.

Gorgeous_George

Price
If you had sold for £160K two years ago and invested the money at 6%, you would have £180K by now. There would probably be tax to pay on the income but if you offset the cost of keeping the property empty, there wouldn't be much in it.

Of course, that is hindsight but how about cutting the price to £140K. In two years time, with the money invested at 7%, you will have £160K. Or, you can come back here and ask why it isn't selling after 4 years.

Market frozen
Unless prices are very low, nobody is buying at the moment. Owner occupiers can ride this out (assuming it is temporary) but with an empoty house the options are:

1. reduce the price to attract a buyer or buyers
2. let the property. I think that there may be a good market for retirement bungalows. Ideal for elderly people who can STR and spend their money before it is too late.

GG

bordercars

chickmug wrote: »

Hang on a minute.

If an EA suggests a lower price the seller may think he (the EA) is doing that to get a quicker sale to get the commission in quicker.

EA's can't do right?

3 Ea suggest prices

1. 175000
2. 155000
3. 149000

now i dont think thats a big spread. you go with #1 to get as much as poss, now he has your business. knowing it will probaly get offers in quick around the other 2's mark. but hey your on his books. If he sells great if he dont who's lost, 6 months later he suggests you drop to the 150 mark sells in a jiffy.

EA's can do right there just sooooo greedy. price it right to start.

BTW. in my experience of deals with EA's in my location of 10000 we have 5 on the high st, when i was looking to buy sell in the past not one of them kept an appointment on time. all late and one never came at all, now it's hard there in tears havin to earnit, and guess what 2 have just shut completly and 1's gone to lets only from home. my heart bleeds.

Tassotti

Whoa!!

The place looks absolutley fine.

Many retired people look into gardening. (I have, although I'm 35..is that sad?)

Anyway. if it hasn't sold, check out asking, sold, prices in your area and change agents.

Think people here have been too harsh

Tass

pandora205

I think in your position I'd pay for a local company to redo the garden (if you don't live close by). Simple changes such as staining the fences and neatening lawn would make a difference but better would be to lay some to paving and have a low maintenance garden.

And I agree that the price is too high. When we sold my mother's bungalow in Cornwall (which we'd inherited) earlier this year we had to drop £25k on the original asking price. We didn't want to continue to leave the property empty and needed to finalise the estate.

chickmug

dopester wrote: »

The EAs will increasingly become selective about such things..... sellers who are unrealistic with their asking prices cost the EAs money, as having such unsellable property on their books costs them money.

This could be true for independents like me (which it is) but i suspect the bigger EA's are playing a numbers game. Staff get a bonus for taking on new houses, then they get a bonus if they persaude the seller to reduce. The sooner and bigger the reduction the bigger the bonus!

chickmug

bordercars wrote: »

3 Ea suggest prices

1. 175000
2. 155000
3. 149000

EA's can do right there just sooooo greedy. price it right to start.

BTW. in my experience of deals with EA's in my location of 10000 we have 5 on the high st, when i was looking to buy sell in the past not one of them kept an appointment on time. all late and one never came at all, now it's hard there in tears havin to earnit, and guess what 2 have just shut completly and 1's gone to lets only from home. my heart bleeds.

What job do you do and can 'my heart bleed' when I hear your type of work is in trouble.

On to the serious matter. The reality is you go and see a potential customer not knowing if they are taking your time because they seriously want to sell, or having their annual valaution check which lots do, or are thinking of selling private, or thinking of putting on web site agent.

At the point they indicate they will instruct you I see my role (believe it or not) as standing by their side and handling the sale as if it were my own house. Thereare other good agenst who do this. So then it is a question of finding out almost like a graph. Timeline across the bottom as to the urgency to sell and then price along the side. So it is a case of every one has differing requirements and then by mutual agreement trying to get the price right for them.

Ian_Griffiths_Halifax

The description says there's a conservatory, but you wouldn't know it from the pictures.

The back garden really lets it down.

The breeze block wall at the end of the garden looks bad. If you don't want to pull it down, think about putting up some trellis and climbing plants. Sweet peas grow quick, but I don't know if now is the right time of year.

Above all, reduce the price! Don't spend a load of money on it to improve it as the inside looks fine to me, but make sure it looks tidy and clean.