To those selling in these difficult times Part Deux. AKA sellers support network!

NEH

Well no update from here....

Our Solictors promised 2 weeks ago to re do the front photo but guess what they haven't so another thing to chase up..

We've put in one application for one rental property but we're up against someone else Anyway we're going to email them today and ask and hwo long they think the decision will take as we only have 7 weeks to get out of this rental property...

Spent all day yesterday looking at rental propeties 100 odd miles way and have seen one we like but we need to know about the other one more local first as we don't want to spend a fortune in admin fees...

Surveyor is coming this morning to do a home report for our landlord and i should technically be tidying up but i feel crap after such a long day yesterday with my illness that moving off the sofa seems like too much effort....Don't know why i'm worried really it's not as if it's my place to sell and it's not like a bombs hit it...:undecided

Squish_21

EA just called. He said in the last 1.5 weeks viewings have stalled for everything from 1 bed flat to 6 bed houses in our area.

He asumes the budget next Tuesday has something to do with it, people want that out the way before making any big decisions. Time will tell!

Anyone else been told something similar?

Jen2girls

Well we had our first viewers today after nearly 3 weeks, and they were clearly tyre kickers as they didn't even have their house up for sale yet grrrrr. I hope things do improve after the budget Squish. perhaps buyers are holding out until after then X x x

rosered100

Yes, we were told the same - and the effects of the world cup as well. Trouble is that after all that, it's almost the summer hols which are traditionally quiet.
We're now thinking of renting out for a year, as we know we cant sell in the next couple of months as our road will be closed for roadworks until September. I knew it was too good to be true, having our first viewers make an offer.

tyllwyd

Squish_21 wrote: »

EA just called. He said in the last 1.5 weeks viewings have stalled for everything from 1 bed flat to 6 bed houses in our area.

He asumes the budget next Tuesday has something to do with it, people want that out the way before making any big decisions. Time will tell!

Anyone else been told something similar?

I tried starting a thread to see if people were waiting for the budget - some said they were, some weren't, but then it decended into the usual bun fight about whether house prices are going up or down. Not much seems to be gone on around our way, for certain - I've given up hope of anything much happening before September.

NEH

Squish_21 wrote: »

EA just called. He said in the last 1.5 weeks viewings have stalled for everything from 1 bed flat to 6 bed houses in our area.

He asumes the budget next Tuesday has something to do with it, people want that out the way before making any big decisions. Time will tell!

Anyone else been told something similar?

Well all i can say it's just been a a very bad run this year, what with the recession, then months of bad weather and snow, election and now the new budget....People don't know whether they're coming or going....

I know the recession is stil causing ripples. Our landlord tried to get another mortgage last week when his loan was called in and couldn't get one so the effects are still being felt. I think a lot of FTB are struggling to get mortgages as well which of course is having the knock on impact...

sonastin

NEH wrote: »

Well all i can say it's just been a a very bad run this year, what with the recession, then months of bad weather and snow, election and now the new budget....People don't know whether they're coming or going....

I know the recession is stil causing ripples. Our landlord tried to get another mortgage last week when his loan was called in and couldn't get one so the effects are still being felt. I think a lot of FTB are struggling to get mortgages as well which of course is having the knock on impact...

Agreed!

I'm finding the "if its not selling, it must be overpriced" wisdom on a lot of these threads a little bit trite at the moment. Sometimes its true but sometimes, there just ain't enough buyers to go round. Sometimes I feel like I could drop the price to tuppence ha'penny and it wouldn't make any difference at all :rotfl:

Of course I know that's not strictly true because I had a potential buyer this week who was just about prepared to increase her offer to tuppence (not sure about the ha'penny!:cool:) but when you spend weeks on the market with no news, it can feel awful lonely.

And the "check sold prices" wisdom only works if things are actually selling

SusieT

That is true to a certain extent, but I had to drop the price on mine to get a real sense of inteest, and the amount of viewings really went up which tels me that its the right price for it to sell at. OK I have not exchanged yet and things could go whoopsie, but it does prove that in my case at least dropping the price had a big effect.
I do appreciate the fact that in some areas there are very few people with a deposit saved and with a job thats safe enough for them to consider getting a mortgage, and there are often a lot of properties for sale in those areas so that makes things even harder so in those places the selling price (if it was dropped that far) would leave the seller either in negative equity or they would lose their original deposit and anything else they have put into the property which would often be their life savings. Difficult choice and its only going to be the people who are desparate to sell who will be prepared to drop to the point where buyers will put offers in. Things vary so much through the country as well which does not help.

[Deleted User]

Yes it has most definitely slowed down around here and I had to drop my price right down in order to attract a buyer. I could only do this because we have no mortgage and life savings so most people are trapped just now. I am not sure if it is the budget or the time of year combined with the sheer expense and stress of the whole selling/buying process. Several of my relatives have been in their own homes since they got married and have no intention of moving, 30+ years on and I think that is happenening more and more. Gone are the days of moving on a whim

NEH

sonastin wrote: »

Agreed!

I'm finding the "if its not selling, it must be overpriced" wisdom on a lot of these threads a little bit trite at the moment. Sometimes its true but sometimes, there just ain't enough buyers to go round. Sometimes I feel like I could drop the price to tuppence ha'penny and it wouldn't make any difference at all :rotfl:

Of course I know that's not strictly true because I had a potential buyer this week who was just about prepared to increase her offer to tuppence (not sure about the ha'penny!:cool:) but when you spend weeks on the market with no news, it can feel awful lonely.

And the "check sold prices" wisdom only works if things are actually selling

I had that on my other thread yesterday that mine must be priced too high but I have checked sold prices...There are 3 flats in 200 odd yards down from us that are also selling so competition is fierce...One of them is with the same solictors as us and they dropped their price to a fixed one and guess what it still hasn''t sold. One of the other flats has been converted to a 1 bedroom and is all singing and dancing and it hasn't sold but I do know that all 4 of us aren't overpriced.

I do wish some people would accept that buyers are a rareity these days and FTB's which is what we really need are few and far between and tbh a lot of them are fussy beggars and don't want to do any work but pay the same price for one that is done up iyswim....