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

elona

NEH

Walter Mitty was a fictional character who could not distinguish his vivid daydreams from reality.

Like the people who say they are "cash buyers" when they don't yet have a mortgage agreed. People who believe they have "sold their house" because a viewer has said they liked it . People who say their house is empty and they are moved out - and they are not.

I could go on but it would only depress me and bring back all too vivid memories, shudder.

Roll on Friday, at least we should have a better idea of where we stand- probably right in the mire;)

NEH

elona wrote: »

NEH

Walter Mitty was a fictional character who could not distinguish his vivid daydreams from reality.

Like the people who say they are "cash buyers" when they don't yet have a mortgage agreed. People who believe they have "sold their house" because a viewer has said they liked it . People who say their house is empty and they are moved out - and they are not.

I could go on but it would only depress me and bring back all too vivid memories, shudder.

Roll on Friday, at least we should have a better idea of where we stand- probably right in the mire;)

That is one book i have never read or heard of- :rotfl:


Fingers crossed for Friday....

I'm counting down the days until we leave this rented property, the dicovery of moth holes in clothes last week added more insult to injury.

11 days and we shall be gone with any luck!

Solicitors rang up about flat today, just to ring to update you there is no updates...So at least they're ringing regulary now...some progress...

not_loaded

The short story was The Secret Life of Walter Mitty, by James Thurber. Also a film, if I remember correctly.

westlondonbuyer wrote: »

You need to read my thread to understand why I haven't bought. Yes, I'm a very frustrated buyer. Lots of houses on sale here, but none priced to sell so none are being sold.
Therefore wondering what's to be gained by being on the market for six months. Perhaps some people just like looking at pictures of their house on Rightmove.

Unfortunately ‘priced to sell’ is just a point of view. I’d guess a UK buyer should be viewing property at 110% (or so) of what they want to pay? You tell me. If you’re looking at property you cannot afford then you’re putting yourself through needless stress. I presume you’ve been making low offers and have not had anyone accept.

What's to be gained by being on the market for six months? Essentially, what you want/need to move on with your life. People are not pricing to annoy you. If you’re prepared to browse a few dozen pages of this thread, you’ll definitely get a good perspective from the seller’s pov. However, I don’t think that’ll make a blind bit of difference to houses local to you of course. What it might change is your tactics, your strategy, in offering and successfully buying.

westlondonbuyer wrote: »

I think a lot of people are in your lucky position, Sonastin, and therefore can afford to sit back and get the price they want. That certainly seems to be the case here, where prices have gone very high, very quickly.
Many more houses are coming on sale nearby so I'm sure I'll find someone who actually needs to sell eventually!

Round here houses are selling. To consider the ones that are still on the market, are they overpriced? That’s debateable. Of the 9 houses local to me in my bracket, I’d say three are definitely overpriced, but but but, that’s merely my point of view.

If you really have to buy say, a £320k house for £240k to satisfy your feelings, then maybe you’ll get lucky with someone desperate to sell.

WheelieWood

Well I think we're back to being the lowest priced house (of the same type) in our area that doesn't need renovation... but only because the one house priced lower has gone sale agreed.

We went 5k lower at the end of June and it came on another 5k lower in mid-July. Now we've got to decide whether to match that price and hope that there isn't just one buyer interested at that price level or stick where we are for now to see if things really do pick-up after the summer holidays.

pro-drop: It'd move us down a price block for the max price, possibly getting more (useful) search hits. It would, price-wise, place our semi-detached amongst the terrace houses in the area.

anti-drop: We'd have little room for negotiation above our 'bottom line'. (Yes, I know many people have to accept making a loss on a house sale, but wouldn't you rather avoid that if you could?)


Its funny that the house sale is one area where my wife is much more relaxed than me, normally we're the other way around. She's got a "everything will happen in its time" attitude, whereas I don't seem to be able to stop myself from constantly thinking about things we could tweak/change/rearrange to help the sale.

I guess that's why some of us need a support thread.

NyimaR

Wheeliewood - I'd hold out a bit if your position has only just changed to the lowest price of your type. Decide how long you can wait without doing anything (sounds like not long ) and set a deadline based on that - if you are getting viewings in that time I'd then extend the deadline as there's clearly some interest!


I've semi moved myself into my mum's house in London yesterday, so today I get a call asking if I can do a viewing this evening. Will have to get my bf to do it but I'm having kittens about this - he's not done a viewing before and hasn't ever looked at a house to purchase himself!

westlondonbuyer

Not Loaded, you've clearly not read my posts properly. As I was a vendor myself not very long ago, twice, I understand perfectly well many of the frustrations vendors are going through.

Read my other posts on this thread and others to which I've contributed. I'm not looking at houses that I can't afford. I'm not looking for a bargain. You're really giving away your own insecurities here, aren't you?

Nothing is selling here, even though this is one of the most affluent areas of the UK, full of bankers and lawyers and doctors, and supposedly full of appeal to investment buyers and Eurozone. *That* is how I know my local market is overpriced. Yours may be different, in which case good luck with your sale. Come back and tell us all about it when you're done.

not_loaded

WheelieWood wrote: »

Well I think we're back to being the lowest priced house (of the same type) in our area that doesn't need renovation... but only because the one house priced lower has gone sale agreed.
We went 5k lower at the end of June and it came on another 5k lower in mid-July. Now we've got to decide whether to match that price and hope that there isn't just one buyer interested at that price level or stick where we are for now to see if things really do pick-up after the summer holidays.
pro-drop: It'd move us down a price block for the max price, possibly getting more (useful) search hits. It would, price-wise, place our semi-detached amongst the terrace houses in the area.
anti-drop: We'd have little room for negotiation above our 'bottom line'. (Yes, I know many people have to accept making a loss on a house sale, but wouldn't you rather avoid that if you could?)

I think I’d leave it a short while at the same level. See what happens.

WheelieWood wrote: »

Its funny that the house sale is one area where my wife is much more relaxed than me, normally we're the other way around. She's got a "everything will happen in its time" attitude, whereas I don't seem to be able to stop myself from constantly thinking about things we could tweak/change/rearrange to help the sale.
I guess that's why some of us need a support thread.

We did a lot before we went on the market, and then took it fairly easy, doing quite a bit more to improve it along the way. Most of the later work was outside. It’s so hard to know where to stop. I’d like to take a couple of trees down, but quite a few viewers have said how lovely they are!

westlondonbuyer wrote: »

Not Loaded, you've clearly not read my posts properly. As I was a vendor myself not very long ago, twice, I understand perfectly well many of the frustrations vendors are going through.

Sorry, but wrong. I’ve read them carefully here, and on your other thread.

westlondonbuyer wrote: »

Read my other posts on this thread and others to which I've contributed. I'm not looking at houses that I can't afford. I'm not looking for a bargain. You're really giving away your own insecurities here, aren't you?

In your thread you said:

These and similar houses in the postcode just stay on the market for months. We've put offers in at 2007 prices, but continually get knocked back by vendors. We can't afford to offer more.
Today a house at a very inflated asking price has gone under offer *at the asking price*. Our next door neighbour knows the prospective buyer and says they've offered asking price to get the house off the market, knowing it will be downvalued at least 15% in the survey, so they won't end up overpaying at all. Or, worst case scenario, they'll gazunder just before exchange.

So you’re saying there, that “we can't afford to offer more” and yet here, you’re saying “I'm not looking at houses that I can't afford” when it appears you are. You received excellent counsel on that thread re the situation you’re in. You appear to have taken my #4954 above as hostile, but it isn’t, it’s just sheer, open market logic.

To hope for a down-value might be a good idea, but it could backfire on you. To ask a surveyor to down-value, as you suggested on your thread, is tantamount to fraud.

So, as you can see, I have read your contributions…

I’m afraid I don’t understand your insecurities comment.

westlondonbuyer wrote: »

Nothing is selling here, even though this is one of the most affluent areas of the UK, full of bankers and lawyers and doctors, and supposedly full of appeal to investment buyers and Eurozone. *That* is how I know my local market is overpriced. Yours may be different, in which case good luck with your sale. Come back and tell us all about it when you're done.

Some people on here know how to analyse what is and isn’t selling in a given spot. I’m not one of them, and I don’t have the time to do it anyway. If what you say is true, then you clearly won’t be buying there, because your point of view, your thoughts, your feelings, tell you it’s overpriced. It may be - it may not be, but you’re saying you can't afford to offer more, so that’s the end of it. None of us have a magic wand to wave for you.

I don’t know what you hope to get out of this parrying with a few sellers on the sellers thread. If YOU offer, and THEY won’t bite (ie: you get ‘knocked back’) that’s the end of it. Move on.

westlondonbuyer

As I stated above, I've learnt an enormous amount from both the sellers and the buyers on this thread and on this form. Is your name Martin Lewis, Not Loaded? Because until it is, and whilst people are kind enough to thank me for my contributions, I don't see why I should "move on".

But thanks so much for taking all that time to read all my posts and respond so minutely (if selectively, and obtusely). You really seem to have it in for me, which is strangely flattering :T

How strange, too, that you appear to know so much about my bank balance and what I can, and can't afford. And what is, and isn't, selling in my area. Even though you don't actually know where I live, how much money I have in the bank, or indeed *anything* else about me beyond the kind of house I'm looking for. :rotfl:

tiny_tear

westlondonbuyer wrote: »

As I stated above, I've learnt an enormous amount from both the sellers and the buyers on this thread and on this form. Is your name Martin Lewis, Not Loaded? Because until it is, and whilst people are kind enough to thank me for my contributions, I don't see why I should "move on".

Maybe you should move on because you are NOT SELLING and this is a seller's support thread. You come in here as a buyer and all you tell us is to lower our prices, that is not really what we need right now. we need some support, not someone telling us to just go lower

harz99

A message to Westlondonbuyer, Notloaded, and other like minded members- can we please stick to the original purpose of this thread?

This is a current sellers help, advice and support thread, not a board to discuss past buying experiences and make tit for tat arguments against individuals; none of which will help anyone in the process now.