what price are people looking at?

dubsey

Probably no help at all, but IMHO I do think that if you priced at £480k anyone viewing would be expecting to get it for less. Even if you added fixed price it seems like more of a challenge IYSWIM! I would probably go just under the £500k, as again I think it's a mental thing with the next £100k up seeming less attractive.

For what it's worth I prefer yours to the others that confused found, it looks beautiful.

monkeymaster

mayzie wrote: »

My question was not how much should my house be,just which price band should I market it under! The starting figure or what I would accept .(Which do people look under?)

I believe my starting figure to be £565000 reducing 15% (£84750)bringing it to £480250 .Hence the original question do I market it at this as a fixed price or leave it at current price because the people who will look in the £550000-£600000 and the £500000-£550000 will knock want to knock off the 15%
I trust you are looking at it from a different angle, having sold and are waiting for the market to drop even more before buying again

Maybe try at 495k and say it's fixed price (with a view to selling at 480k) - if it was me I'd still be looking to offer less but maybe not as much if I thought it was a reasonable price

When was it originally valued? Have you asked the EA's what they'd value it at today (at a price to actually sell and not just lure in new business )

RoxieW

The setting looks idyllic but you dont get much for your money indoors. If I had half a mill to spend on a house I'd be expecting the wow factor. Could you spend 20K making the kitchen and bathroom special?? It may save you much more if it gets you a buyer before further drops next year.

hethmar

If you put it at what youd accept, you can always turn down people who try to offer too low below that (if you choose to do so)

confused31_2

mayzie wrote: »

My question was not how much should my house be,just which price band should I market it under! The starting figure or what I would accept .(Which do people look under?)

I believe my starting figure to be £565000 reducing 15% (£84750)bringing it to £480250 .Hence the original question do I market it at this as a fixed price or leave it at current price because the people who will look in the £550000-£600000 and the £500000-£550000 will knock want to knock off the 15%
I trust you are looking at it from a different angle, having sold and are waiting for the market to drop even more before buying again

I havent sold and my house is still up for sale, its not a massive house and its currently on the market for 140,000 pounds, but it was originally on the market for 179,000 pounds, what i seem to understand that you dont is houses have come down in price and the only way you will sell is being the lowest in a desperate market.

You can market your property at whatever price you want but i personally dont think you will get a buyer for 480,000 pounds, but you carry on im just telling you the way the market is.

Now if you market it at 480,000 and someone comes to view and wants to make a offer that s well below what you want, you just have to say NO.

Its not hard to say no and it wont cost you anything to say no either, what im saying is lower the price see if you get any more interest, then if someone makes a offer your happy with accept it, if they dont make a offer your happy with say no.

I have a 3 bed roomed semi and its nearly 30,000 pound cheaper than any other 3 bed roomed semi in the area, ive dropped it to the same prices as 2 bed roomed properties and we still have had no interest.

Now if someone did come in with a low offer for mine, i would look and seee what was out there and try and knock down the same ammount, as what they have with mine, if i couldnt i would just refuse the offer for mine.

If i thought it was too good a offer to turn down i would sell and then rent if no other property was there for me.

No one likes to give things away, but sometimes denial will just drag it out.

Your house is nice, and it looks nicer than the houses i picked out but they are a lot bigger, cosmetically they might not look better, but when people move into a house they like to do their own things with it.

i would just stay where you are, and to be honest the way you are marketing your property i dont think you will have a choice.

confused

noyk

A buyer would need to earn 110k per annum to buy (mortgage @ 3.5 x salary) it if it sold for 480k and the buyer put down a 20% deposit (96k). I don't know how realistic that is for your area.

littlesos

confused31 wrote: »

It doesnt matter where your house is they have all dropped in all areas, if you look in your area there are some cracking house for around 400,000 pound

And they are a lot bigger

http://www.rightmove.co.uk/viewdetails-4899290.rsp?pa_n=4&tr_t=buy&mam_disp=true

http://www.rightmove.co.uk/viewdetails-21450239.rsp?pa_n=3&tr_t=buy&mam_disp=true

http://www.rightmove.co.uk/viewdetails-17199521.rsp?pa_n=3&tr_t=buy&mam_disp=true

confused

None of the houses you selected compares with the OP. The settings are completely different, if you want a big house with a shoebox garden on a main road you will pay less than you will for a house on a large secluded plot.


To the OP...

I know the area well if I were trying to sell it I would drop the price to a smidge under £500k (mental barrier), so you have £20k to negotiate with.

It's not far from my mums house and if I had the money and a husband who was willing to move back up there I'd buy it, but that's not much help to you is it!

Good luck

Rach

monkeymaster

noyk wrote: »

A buyer would need to earn 110k per annum to buy (mortgage @ 3.5 x salary) it if it sold for 480k and the buyer put down a 20% deposit (96k). I don't know how realistic that is for your area.

I don't think it would be a first time buyer buying at that sort price to be fair mate, it would be someone upsizing with substantial equity and so the salary multiples are pretty worthless.

confused31_2

littlesos wrote: »

None of the houses you selected compares with the OP. The settings are completely different, if you want a big house with a shoebox garden on a main road you will pay less than you will for a house on a large secluded plot.


To the OP...

I know the area well if I were trying to sell it I would drop the price to a smidge under £500k (mental barrier), so you have £20k to negotiate with.

It's not far from my mums house and if I had the money and a husband who was willing to move back up there I'd buy it, but that's not much help to you is it!

Good luck

Rach

If you know the area well you will know its a bungalow not a house none of the houses are probably as nice as the other persons but if you search the postcode a lot of people have dropped the prices a lot more than 14000 pounds in 10 months.

If i had a load of money i may be interested, but i would offer no where near 550,000 pound for that property it would be more like 425,000 pound but thats my point of view.

We will wait and see we have all got time on out hands lets see if it sells, if it hasnt sold in the last 10 months for 550,000, why do you people think it will sell for just under 500,000 when prices have dropped nationally 15%???

All im saying it doesnt matter what they market the house at if they dont want to accept the offer they dont have to, its not going to cost them anything.

And like most people say, a person will only pay so much and if its too much they wont.

The house itself is like a bungalow with a bedroom upstairs, the grounds it is in, are nice, but one thing that i wouldnt like is having 2 bedrooms downstairs.

like the person said they are not desperate to move and at the price they have set it wont move, but thats my opinion and you have yours lets see whos right.

confused

PasturesNew

noyk wrote: »

A buyer would need to earn 110k per annum to buy (mortgage @ 3.5 x salary) it if it sold for 480k and the buyer put down a 20% deposit (96k). I don't know how realistic that is for your area.

That's a bit skewed. The property is clearly not a FTB property. I'd expect any buyer of a house at £500k to have just sold their own at £350-420k. Or it might be two singles who each have £200k and are moving in together and mortgageing for £100k.

The new owner might be late 50s/60s and have finally reached their ideal home.