To those selling in these difficult times

pawpurrs

You dont want to know Suz! Went SSTC nearly straight away, it fell through and its been now.................................................................
nearly six mths and 50 viewings :eek:

FED UP......... I should co co!:p

garfylee

Where bouts in the country do you live Pawpurrs, are places selling around your area?

pawpurrs

South East Coast. Yes things are selling, although its not easy. Same as most places I guess.

Georgie4

Davesnave wrote: »

Have you considered that there may be people out there with enough cash and no chain? I'm looking in Wales and I'm aware of many properties around £400-500k that have been 'marketed' continuously for 2 years or more at the same price. Their owners clearly believe that we shall soon return, economically speaking, to the year 2007, even though all the indicators show we are a million miles from there.

Now I know that average time on the market is far longer in Wales, but it seems we are playing very a strange & tedious waiting game. I sold recently at a 2005 price, so do you think it is likely I shall pay the premium these sellers are asking? With my 'house money' still earning 6%+ in fixed rate accounts, I'm hardly being forced to act.

Please don't take this personally; it is simply an observation by someone familiar with the market, who's rather fed-up due to the lack of decent, fairly-priced properties.This isn't any kind of personal comment about you, or your house, which I have no knowledge of. However, I think you could usefully view things from my side & consider whether it is likely that someone like me is, effectively, being shut out.

Whatever you think, I hope you have an offer soon.

Thanks for the comments , house is up for £300k + but is on a plot big enough to build at least 4 houses on so once things start to pick up I'm sure the building community will become interested again. Like I have previously said in this area houses seem to be selling more quickly recently - whether that is because people are selling them at a loss or not I really don't know or care to be honest. I just feel that homeowners whilst being realistic should not panic - we are in an economic cycle and it WILL get better !:T

moneysavingfamilycomp

PAWPURRS you think you'v got it bad lol:rotfl: . SSTC after 1 week from 1st viewing fell through after 2mnths. its now been 15 mnths:eek: since then and still no offer a total of 17mnths on the market and we have only had about 6 viewings :rolleyes: despite 2 price drops adding a double driveway new carpets and complete decoration throughout which have all been added to the details and new pictures took. iv spoken to our EA and to others in the area but all say the same the market around here is dead EA are having to close. so fed up doesnt even start to describe it. :rolleyes:

Davesnave

Georgie4 wrote: »

Thanks for the comments , house is up for £300k + but is on a plot big enough to build at least 4 houses on so once things start to pick up I'm sure the building community will become interested again. :T

Ah, so you have a building site. I have something similar myself, which I've hung onto & not sold, but that's not the same as a house on its own.

pawpurrs

I totally understand MONEYSAVINGCOMP, we are in this together!
You would have thought though with the amount of people through the door that someone would have wanted it, I know the reason, but its not anything I can do anything about, and the price reflects the reason, so hopefully some one will be able to overcome it!
Nothing so strange in selling houses, I know that only too well. Sometimes the things you think will sell in a minute, take ages, and those that you think should take ages sell in a minute. I had one vendor once that I rang up trying to get a price reduction for, said he would consider (it had been on the market for years) came back to me and said he wanted to INCREASE the price, nearly fell off my chair, BUT I sold it in the next few days at the Full asking price!!!!
Houses that I valued, and they said they wanted £100k more, and I thought would never sell did! And houses that I thought were very reasonable didnt! So its a strange old buisness, and proves really, that sometimes its more about the right person for the right house, than just price. But thats prob a lot to do with the fact that I dealt in the main with Individual country houses, that are far more difficult to price. If you talking about bog standard Estate houses then they are very easy to put a value on, if there are 20 identical houses there value is pretty obvious!
Im rambling again! :rotfl:
Today is another day, the garden is looking beautifull so off to take some piccys, and get them uploaded. All this could change in a heartbeat, one call is all it takes, onwards and upwards and all that!

QTPie

moneysavingfamilycomp wrote: »

PAWPURRS you think you'v got it bad lol:rotfl: . SSTC after 1 week from 1st viewing fell through after 2mnths. its now been 15 mnths:eek: since then and still no offer a total of 17mnths on the market and we have only had about 6 viewings :rolleyes: despite 2 price drops adding a double driveway new carpets and complete decoration throughout which have all been added to the details and new pictures took. iv spoken to our EA and to others in the area but all say the same the market around here is dead EA are having to close. so fed up doesnt even start to describe it. :rolleyes:

Ouch!

Where do you live moneysavingfamilycomp?

Hope things pick up soon...

QT

GDB2222

Georgie4 wrote: »

Thanks for the comments , house is up for £300k + but is on a plot big enough to build at least 4 houses on so once things start to pick up I'm sure the building community will become interested again. Like I have previously said in this area houses seem to be selling more quickly recently - whether that is because people are selling them at a loss or not I really don't know or care to be honest. I just feel that homeowners whilst being realistic should not panic - we are in an economic cycle and it WILL get better !:T

It is not just an economic cycle. Prices got out of control due to ridiculous bank lending. Ordinary economic cycles did not include banks going bust. The ridiculous bank lending is not going to be repeated for at least a generation. The property market is not going to return to the type of conditions we had in 2007. Those conditions were not normal, and the property market needs to return to normality.

I wish you luck selling your home, but this is not a great time to be selling a building plot for four houses and I think you are being optimistic if you think that things are going to pick up drastically in the foreseeable future.

moneysavingfamilycomp

QTPie wrote: »

Ouch!

Where do you live moneysavingfamilycomp?

Hope things pick up soon...

QT

thanks we live in a small village about 8 miles out of durham. in the time we have been on the market there have only been about 10 houses sold in the village :eek: and all of them at either end of the spectrum either 60k wrecks or 500k detatched new builds. so its not looking good for our 85k 2 bed semi.:rolleyes:
and just to rub salt in the wound the EA said if we had gone on the market 2yrs ago it would of sold within the week for asking price one sold on our street 4mnths before we put ours up for sale for 115k without a driveway. 5 houses within our street and the next one sold within weeks of going on sale then we went on the market lol and nothings sold since maybe we are a jinx.:rotfl: