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

NEH

not_loaded wrote: »

The idea was for YOU to get a blog.

Heck! They’ve been told more than once!

And yet ANOTHER person registers for the sole purpose of having a go at a dozen or so sellers on MSE.

I’d give it a rest guys. You have your own special area on MSE and you won’t use it because you find it’s like banging your head against the wall. Well guess what? For sellers it’s the same. It’s all been explained again and again and again to you, but you keep on as if all of a sudden someone on here will give their house to you for silly money.

There is a certain logic in the ‘you drop and then I’ll drop’ scenario, but unfortunately there’s a group of people who will NEVER drop, and that’s the bankers with the mortgage papers in their hands. Our mortgage amounts won’t be down-valued in that drop scenario, hence the impasse in the UK market.

Oh, I know, why not find a bankers’ forum and go on there and have a good moan at them? It would give us on the sellers support thread a bit of peace.

Well said :T :T :T

gemima

brit1234 wrote: »

Not trying to cast damnation, far from it. People here are saying they can't sell and getting no viewers. That's from the sellers view, I am trying to advise from the buyers view to get us through your doors. Lots of us have the deposits, good paid job and mortgage offers. Sellers just have to be more realistic about prices to allow us to us our mortgage in principle deals. Prices have to match mortgage lending criteria of today or you will not sell.;)

I'm sorry but I don't post on here very much (just read) but your post has really got to me. We HAVE dropped our price to below the competition and still no buyers - where do we go next - drop it into the next bracket down where we are in competition with 2 bed terraces rather than what we are 3 bed detached?? There is a distinct lack of buyers for a number of reasons but please don't tell us its all about price.

NyimaR

rosered100 wrote: »

Blodwen: On market for 13 weeks, 3 viewers (and buyer who then pulled out) in first month. No viewers or contact from agent in last 2 months. Planning to change agent at 16 weeks.

NEH: On market 29 weeks, 3 viewers,1 ridiculous offer soundout, useless Solicitor who can't find the bed or the flat itself. Planning to rent it out from November.

Emilia15: On market for five weeks (feels like a lot longer), three booked viewers (although only one turned up!), price reduced by £8500 last week, EA who was dealing with us has mysteriously 'left the company', trying to deal with the chronic lack of buyers by adopting a zen-like stance and also by reading this thread

rosered100 - been on the market since March. Had an offer from the first viewer at 91% of asking which we accepted. They dropped out 2 days before exchange. Dropped the asking price to the level of our first offer. Total of 16 viewers, 5 of them viewed twice. Then 2 offers came on the same day a fortnight ago at 10% below our new asking price. We have reluctantly agreed to one of them as long as they get on with it. Havent heard a word from them since:(

NyimaR - been on the market since June. 9 viewings (including 1 second viewing) all made very good noises, then nothing. Last viewing was a week ago. Dropped price once when viewings dropped off. Will do it again if I stop getting viewers. Got an open house in a couple of weeks. Living in London (where new job is) with mum during the week and Coventry (with the OH) at weekends

gemima

tyllwyd wrote: »

Yes, but you are talking from the point of view of a first time buyer. Our house, for example, wouldn't sell to a first time buyer, and we have to think about what we could buy with the money from the sale of this house. OK, you could argue that the whole market needs to move downwards to get more first time buyers on board, until it does that for us individually there is a relatively narrow price band at which it makes sense to sell.

You can sit at home with your graphs and your internet research and your bank balance, and you can make your decisions based on a purely theoretical point of view, but on this thread we are people trying to cope in the real world.

Here here, well said
:T

LilacPixie

this selling malarky is driving me loopy. Lots of viewers and interest but FTB getting a mortgage, having the deposit is the problem for us. I have considered dropping price which is already several % under the mortgage valuation but for every K I drop the price it is only £150 less deposit the buyer has to find and TBH if a buyer will struggle to find £150 then should they really be buying in the first place.

SouthCoast

westlondonbuyer wrote: »

I don't know about Jaffacat or Brit, but I don't have a blog. Nor do I have multiple identities, which was a previous false accusation of yours.

Still, I'm very tickled picturing you with your fingers in your ears, whilst you fail to accept that FTBs now have to raise 20% deposits when six months ago, 10% would have done the job.

I know of a property in your neck of the woods that may come on the market soon. If it does it will attract very strong interest with folks fighting over it. I would buy it if I could afford it.

jw2003

Just had a viewing, they were pretty guarded though so I have no idea which way it could go

Fingers crossed

jw2003

Come across all of these this weekend

westlondonbuyer wrote: »

* Houses priced substantially over 2007 peak prices for no clear reason

*Poorly installed, very obviously cheap new kitchens and bathrooms in houses where the AP is 200 times the cost of the suite.

*Dirty kitchens and bathrooms.

* Animals and kids. I love both, but I'm not buying yours. I'm making the most expensive decision of my life and don't want to be distracted by your attention-seeking dog, thanks.

* Properties in need of work, where the cost of modernisation is priced-in only as the cost of doing the work.
:

tyllwyd

Our EA rang today to let us know that he hadn't forgotten us. He was telling me that things are really tough out there at the moment, and he's hearing the same thing from other EAs.

sonastin

westlondonbuyer wrote: »

Still, I'm very tickled picturing you with your fingers in your ears, whilst you fail to accept that FTBs now have to raise 20% deposits when six months ago, 10% would have done the job.

So vendors have to halve their prices because you can't be bothered to double your deposit?

I wonder if these "sellers must drop their prices so that we can afford to buy" crowd are aware of their hypocrisy. Apparently vendors must put themselves into a position where they can't afford to buy a house and have to rent, so that buyers can afford to buy a house because they don't want to rent. Not sure how that works :think:

I suppose I ought to be retiring from this thread now, as I've finally had confirmation that my house did complete last month :jbut as long as these unhelpful buyers are gatecrashing, I think I might stick around and offer support where I can :grouphug: