I need to sell!!

silvercar

Where ever the area, a 4 bed detached surrounded by 2 bed terraced houses is going to fetch less than if the same 4 bed detached is surrounded by other 4 bed detacheds.

Mark_Davis

zappahey wrote: »

Because they're overpriced perhaps?



Because they're overpriced at the moment?

If someone needs to sell today then they need to price for today's market and that market is set by what buyers can afford, or are willing, to pay today.

Have you tried renting it out?

If you live in a "student" area then you can generally achieve around £350 per month per student.

Incidentally, as your house has been valued at £100k more than the national average I would have thought that the area can't be too bad, despite some earlier comments!!!

Good luck whatever the outcome.

PayDay

An estate agent friend told me the two rules of house selling.

1 Not getting many viewers? = your price is too high.

2 Getting lots of viewers but no offers? = your house smells.

You have had your house on the market for a year and and dropped 10%. During that time the average house price has dropped 20%.

The "sell your house quickly" people will offer you about 40% off last years prices, if you're lucky. Have a look on one of these sites to try to see what comparable properties are selling for recently and price below any recent sales. You don't want to be chasing the market down
http://www.nethouseprices.com/
http://www.ourproperty.co.uk/

House are selling but they have to be on at the right price to attract a buyer.

PayDay

breadlinebetty wrote: »

It's all to do with LOCATION LOCATION LOCATION I'm afraid. Your area sounds like it's one of the less desirable areas I'm afraid. A 4-bed detached going for £250 must be in a very poor area and that's why you have no offers. All you can do is ask a price that reflects the area. Terraced houses going or £150K must are unheard of round my way, you wouldn't get a flat for that. You need to market your property at a price that reflects the area.

Yet another who thinks that prices will never fall in their area:rolleyes:

ukcarper

PayDay wrote: »

Yet another who thinks that prices will never fall in their area:rolleyes:

I know the post is stupid but how do you reach your conclusion

1echidna

My understanding is that house prices have fallen by 20%. Why expect to get more especially if you are desperate to sell?

ukcarper

1echidna wrote: »

My understanding is that house prices have fallen by 20%. Why expect to get more especially if you are desperate to sell?

Depending on where you look house prices have not dropped 20% land registry figures show average of 16.5% some areas have dropped a lot less others more.

gazfocus

Mark_Davis wrote: »

Have you tried renting it out?

If you live in a "student" area then you can generally achieve around £350 per month per student.

Where are you living that charges students £350 a month?? I live in what I'd consider a pretty expensive student house and only paying £233 a month. Wowsers

Catblue

It is probably the price unfortunately.

Your house was initially at £255K, but you know that it would never have sold at that in the first place. Nobody pays £255K for a house when the stamp duty threshold is £250K.

Therefore, because you priced it like that initially and have been slow to drop the price (as others have said 10% isn't a great deal for buyers particularly when the first asking price was ambitious) the house has maybe got stale.

There are loads of houses round here like that - an unrealistic initial asking price and then a 5 - 10% drop within a year.

We're looking to buy and don't even go to see these any of these properties. The owners are simply not serious about selling.

Perhaps you inadvertently are giving the impression that you are not serious about selling.

1echidna

ukcarper wrote: »

Depending on where you look house prices have not dropped 20% land registry figures show average of 16.5% some areas have dropped a lot less others more.

Land registry figures are behind the game, true, areas will vary, but it is odd how most people are convinced that they are in an area that has not dropped as much and few will admit to themselves that in their area prices have dropped more