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

tiny_tear

yesterday - wednesday - is the homes & property supplement on the Evening Standard (for those not in London this is a free paper distributed in the evening to all commuters.

i was so surprised - but pleasantly so - to see my flat there on a massive ad from my EA. every week i look at these adverts but never thought i would see.

it's the exterior of my house (nice old victorian detached massive house converted into 9 flats) and mentions they have 2 flats to sell - one is mine on the first floor - the other is on the groundfloor, slight bigger but currently on for 7k more than mine which i don't think it's worth

so fingers crossed something will come out of this...

my main contact on the EA is on holiday, so i haven't had a reply to my email where i asked for a detailed listing in writing of all the vieweings this year so far and their feedback... might decide to lower 2 or 3k more if there is any price related feedback

brit1234

NEH wrote: »

Unfortunately the way the market is at the moment FTB can't get mortgages (well without a sizable deposit) and that is limiting for properties that are studio, one, or two bedroomed....

Its not the mortgages that are the problem its the high asking prices. There are loads of us FTBs with 25% deposits and good wages but till asking prices drop to affordable levels the vast majority of FTBs are priced out.

So by lowering your asking price you will have more chance of catching one of us.

NEH

brit1234 wrote: »

Its not the mortgages that are the problem its the high asking prices. There are loads of us FTBs with 25% deposits and good wages but till asking prices drop to affordable levels the vast majority of FTBs are priced out.

So by lowering your asking price you will have more chance of catching one of us.

Yes and as the poster said they've lowered the price so have we it made sweet little difference...

Mortgages are a problem (Hello recession anyone?!) though last week 95% mortgages are coming back again....

http://www.themoneystop.co.uk/022011/first-time-buyers-looking-at-a-years-salary-for-deposit.html

One of many articles... :cool:

Won't get into it with you again, go back to the buyers thread and haunt those there...

DaveyDave_3

brit1234 wrote: »

Its not the mortgages that are the problem its the high asking prices. There are loads of us FTBs with 25% deposits and good wages but till asking prices drop to affordable levels the vast majority of FTBs are priced out.

You may be more restrained than most. I think it is proven that house prices are controlled by the available credit. ie. how much banks are willing lend. How else house prices get to 4, 5, 6, 7 times salary in the 2007 period?. I certainly didn't see many FTBs refusing money from the banks then.
Things look challenging in the upcoming period. Increased unemployment, rising IRs, rampant inflation, tight credit practices and a general level of unease, it seems to me that prices will continue to fall so perhaps prices will get sensible again at some point but I'm sure as soon as houses become affordable, the property bubble will inflate once more. Shame that Labour didn't keep to their committments to cuild more housing and shame that the incoming government has decided to drop Labour's targets!. Ho hum.

harmy

we have decided to knock 3k off our house now to see if we can even get any viewings.

its tough at the minute. the house we are after has been reduced too.

lauraeast23

EA coming tomorrow at 9am to take pics and sign paperwork.

Have viewer booked in for 11am !

Jen2girls

Hello I've not been on in a while, but we have been on the market since last June. Had around 15 viewers in that time, a lot have said they are interested, yet no offer has materialised. The feedback is always really positive, and if I had a pound for every time somebody said they loved the house i'd be rich. Anyway we are in a dilemma if we should knock 10k off the price or not. We are marketing it at 175k at the moment which is what the house was valued at last spring. However prices have dropped since then. If we do drop the pice by 10k though we will not have very much of a margin to play with. We need low 160's really to enable us to upsize. If not theres little point in moving as we won't be able to afford anything much better than we have . We were hoping that somebody would come along and put in an offer and we could negotiate on the price.

kymie

Jen2girls Have you not thought of dropping to 169k to get you under the 170 bracket? Might get a few more views without having to drop too far, and give you room to accept an offer. Just a thought.

Orpheo

NEH wrote: »

Yes and as the poster said they've lowered the price so have we it made sweet little difference...

Mortgages are a problem (Hello recession anyone?!) though last week 95% mortgages are coming back again....

http://www.themoneystop.co.uk/022011/first-time-buyers-looking-at-a-years-salary-for-deposit.html

One of many articles... :cool:

Won't get into it with you again, go back to the buyers thread and haunt those there...

I have no problem getting a mortgage.

House prices are the problem. Hello? Recession anyone?

chambta

I'm starting to get a little depressed about things. My little boy's had his first birthday which has brought home that he has no bedroom of his own. Really, really don't want to rent the house out with all the potential hassles that might bring and even if I sell at 95% of the current asking price I'll literally just clear the mortgage. I cannot bring myself to put my own cash towards it.