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

wherediditallgothen

monkeys_bunny wrote: »

in my very humble opinion. i think that the FTB's should realise that they need to be looking to buy the smaller houses that are within their budgets and not the grand detached houses, then the people who move out of the smaller starter homes come along to buy our family homes and the families move into the larger homes and so the process works

its not for us sellers to decrease our property asking price to that of the smaller houses cos you are being greedy and want to jump a stage.

hope every one is ok today and September turns out to be a good month for us. lots more sold signs up in my area i have noticed

I understand what your're saying and agree to a point. One problem though. What about those FTBs WITH families, it's not really greedy of them to want more than a studio flat or a 2 bed terrace, is it?

tyllwyd

sshaw101 wrote: »

Thats what I was thinking.

At the end of the week I was going to ask the estate agent to send through details of how many times it has been viewed on rightmove etc

Yes, we get stats like that weekly - though to be honest they don't seem to translate into viewers so all a bit academic! If I was you, what I would do is a search on rightmove for what's on sale in your area in the price bracket that the property is in, and print it out. Then if you do the same again at intervals, you can get a feeling whether houses are selling, prices are changing etc, and that will give you more confidence in any decisions you make.

badgeraudio

Cheers for the comments.
We went to look at a place on last night. From the internet pages, it did not look that great to be honest.
But what a difference an actual viewing makes. Going back for another look tonight.

It is WELL in budget, has a MASSIVE garden but there are problems with upstairs bathrooms and genral decor etc.

But to be honest the problems can be engineered out with another extension ( ground floor already has one, so just need to build on top of it!). That and remove all fitted wardrobes for something how can I say, Nice and not horiible?!

The vendior has the original extension plans so going to have a look at them later to see if I can spt any obvious problems with the additional work.

Any luck and I will put in an offer in 24 hours!

monkeys_bunny

wherediditallgothen wrote: »

I understand what your're saying and agree to a point. One problem though. What about those FTBs WITH families, it's not really greedy of them to want more than a studio flat or a 2 bed terrace, is it?

no not at all, but they should be prepared and ready to have to have a larger deposit and be able to purchase a property at the relevent price and not expect to go in with a FTB hat on stating that they are being hard done by.

we all had to save up, we all had to get our foot on the ladder in the first place

the.ciscokid

gemima wrote: »

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.

It is more likely to be about mortgage availability I imagine, and the fact that lenders are more strict on deposits and LTV. In a way though, that is price I suppose... I think we may find that the banks end up dictating the market price of houses, which is going to mean a very stagnant housing market for years. If you want to sell, it will have to be to someone who has enough equity in their house, and is able to sell in a chain that doesn't break.

the.ciscokid

sonastin wrote: »

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

It is very hard to save in the current economic environment. People are losing their jobs, and everything is getting more expensive... plus taxes are due to go up. So I don't think that attitude is very helpful tbh.

sonastin wrote: »

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:

It is probably to do with the idea that if the house you are selling decreases in price, so will the one you are buying... not that you have to go renting... that's a little bit dramatic!

monkeys_bunny

the.ciscokid wrote: »

It is very hard to save in the current economic environment. People are losing their jobs, and everything is getting more expensive... plus taxes are due to go up. So I don't think that attitude is very helpful tbh.

It is probably to do with the idea that if the house you are selling decreases in price, so will the one you are buying... not that you have to go renting... that's a little bit dramatic!

i too have been made redundant and live in a town where times are hard, this is reflected in our asking price £124,950 for a 3 bedroom semi with large drive and garden, this is on a par with the town and i shall not reduce it to £100,000 just cos you are frightened of a little hard work and saving. taxes going up is just life im afraid, it affects us sellers too you know.

im sure we have all said, politely that this is a SUPPORT thread and that the is one for purchaser of which you can vent your views, as pointless as they are. So kindly waddle of to that thread. Thank you

the.ciscokid

monkeys_bunny wrote: »

i too have been made redundant and live in a town where times are hard, this is reflected in our asking price £124,950 for a 3 bedroom semi with large drive and garden, this is on a par with the town and i shall not reduce it to £100,000 just cos you are frightened of a little hard work and saving. taxes going up is just life im afraid, it affects us sellers too you know.

im sure we have all said, politely that this is a SUPPORT thread and that the is one for purchaser of which you can vent your views, as pointless as they are. So kindly waddle of to that thread. Thank you

Does support mean you would like advice, or want to wallow in self pity? I am only pointing out some fact which may be of use to people trying to sell their house, so there is no need to be rude.

Why are my views pointless? If you are not happy with what I am saying, you could just ignore me?

Chyna-s

the.ciscokid wrote: »

If you are not happy with what I am saying, you could just ignore me?

Happy to do so :rotfl:

the.ciscokid

monkeys_bunny wrote: »

no not at all, but they should be prepared and ready to have to have a larger deposit and be able to purchase a property at the relevent price and not expect to go in with a FTB hat on stating that they are being hard done by.

we all had to save up, we all had to get our foot on the ladder in the first place

I totally agree, people should be able to and prepared to save enough deposit so that we do not end up with such an awful mess of a housing market again. Financial responsibility is absolutely key. But until the credit problems disappear, we are going to go through a bit of a drought in sales terms unforunately, as it becomes harder and harder for FTBs to save up enough to satisfy the banks for even a very small house.

Having said that, it still stands to reason that a house is only worth what a seller is willing to accept AND what a buyer is willing and ABLE to pay. That means prices are restricted by banks lending practices. Since we can attribute increases in house prices to reckless bank lending (hence the credit crises) we must consider the inverse going forward.

With tighter lending you may find that it is the very people who you would previously have allowed the priviledge of purchasing from you, who have saved and got a foot on the ladder, that through no fault of their own have ended up in a situation without enough equity to be able to move out of their rabbit hutch into a nice 3 bed detached. Suffice to say they may not all be about the "Greedy" FTBs that have been referred to on here.