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Need advice for quick sale please!!
Comments
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karenthemummy79 wrote: »I do believe that £120k is too low though when I look on rightmove at houses around £139950 I truly believe that our house would be a really good buy at that price.
PS: I do like the detached you have purchased but I'm puzzled why the two neighbours are priced so differently at 235K and 260K for what looks like similar properties. What accounts for the price difference? Also they look brand new, so is it the builder selling them? Did the builder sell yours which also looked brand new and if so why was that one repossessed?0 -
I think the house looks very nice - great views too! I would tart up the front though. Inside is very nice, couldn't be nicer, but the frontage looks uninspiring. Buy lots of tubs, plants and baskets - that should make it look much more attractive. If you've got the front of the house as your main picture people will flick past it - you need to make people interested straight away!
I don't know the area but the property doesn't seem overpriced to me. People make me laugh when they say 'oh it's overpriced - that's why it won't sell' . Not true at all. You can get properties UNDERPRICED that won't sell becasue they don't have kerb appeal.
Properties ARE selling, and some are fetvhing asking price, some are even fetching MORE - but they have a special something!
I think your house has the potential to have that extra 'something'. You have views of the estuary (ALWAYS a big PLUS and ALWAYS increases the value) and the inside of the house is done out lovely. You just need to concentrate on the frontage. Spruce it up with plants etc (you can always take them with you) and give it kerb appeal.
If it was really overpriced the EA would want you to drop the price. All that rubbish about them wanting to make as much commision as poss is wrong - they would much rather make SOME commision on 2 underpriced properties than wait around for commision on one sale.
Some of the people on here are very unhelpful, very cynical, unknowlegeable - and dare I say it - rather hopeful that you'll only get peanuts for it. Some strange folk out there! Miaow!!!!!!!:D0 -
karenthemummy79 wrote: »rice to just under £140k to see if that generates any interest and if it doesnt then I think that we may just have to rent the house out for 6-12mths hoping that the market will pick up. We could also save the rental income to help repay the deposit.
Another gamble. Say you do let it, get a tenant in.. (assuming their is demand and rent values are falling away)... say you get £7K over a year gross... apart from costs involved, making sure tenancy agreement all done proper, deposit protected... the market could easy have fallen another 20% in 12 months in that area.
I think you need to wake up.0 -
karenthemummy79 wrote: »the price is extremely low and an identical house (except for not needing any work) is on the market for £235k
It is just an asking price. Does the seller have lots of interested viewers willing to buy.. and able to get the money together or secure a mortgage? It is just an asking price.
Asking prices are not market values.
That seller will most likely have to face reality in the near future as well, and cut their price in order to try and find a willing buyer.0 -
Trollfever wrote: »Some EA's will also have a vested interest in keeping prices in a particular area high as they have substantial personal mortgages to fund.
Stupidity itself. They can't fund anything if hardly anyone can buy at the deluded prices they suggest property is worth.
More likely to put food on table and pay the bills by getting sellers to lower their asking prices to levels which reflect market conditions, thus more buyers/transactions.0 -
karenthemummy79 wrote: »I take it from the advice I get on here then that EA valuations should just be ignored then?! I have had 3 agents round and not 1 of them suggested setting the price at anywhere near £120k.
No wonder houses arent selling if even the EA's havent got a clue how much to price houses at!!
Yes. It is part of the reason so many Estate Agent branches around the UK are still shutting up for good - closing down - EAs on the dole. They can't get their dumb-heads around the new market conditions.0 -
PS: I do like the detached you have purchased but I'm puzzled why the two neighbours are priced so differently at 235K and 260K for what looks like similar properties. What accounts for the price difference? Also they look brand new, so is it the builder selling them? Did the builder sell yours which also looked brand new and if so why was that one repossessed?
The one we have bought was finished in 2004 and lived in for 4years then repossessed. This one plus another one that is currently lived in were built by the same builder who then sold on the other plots. The one that is on for £235k was built by a builder and is almost complete. Another confusing thing is that the house directly behind ours is on the market for £320k!!!! It is slightly longer and has a workshop but again a massive difference in price!!! The same builder finished these two and has actually moved into the £320k house and his son is moving into the £235k house. The £260k house (white one) is a different builder again and that house is currently rented out!! All very complicated but looking at all these figures I think we got a good buy at just under £145k!!!0 -
Another gamble. the market could easy have fallen another 20% in 12 months in that area.
I think you need to wake up.
Where on earth are you all getting this information from that houses could 'easily' fall another 20% in 12mths??? I personally think this is not going to happen!!! It is a very negative outlook!0 -
bigfatbelly wrote: »I think the house looks very nice - great views too! I would tart up the front though. Inside is very nice, couldn't be nicer, but the frontage looks uninspiring. Buy lots of tubs, plants and baskets - that should make it look much more attractive. If you've got the front of the house as your main picture people will flick past it - you need to make people interested straight away!
I don't know the area but the property doesn't seem overpriced to me. People make me laugh when they say 'oh it's overpriced - that's why it won't sell' . Not true at all. You can get properties UNDERPRICED that won't sell becasue they don't have kerb appeal.
Properties ARE selling, and some are fetvhing asking price, some are even fetching MORE - but they have a special something!
I think your house has the potential to have that extra 'something'. You have views of the estuary (ALWAYS a big PLUS and ALWAYS increases the value) and the inside of the house is done out lovely. You just need to concentrate on the frontage. Spruce it up with plants etc (you can always take them with you) and give it kerb appeal.
If it was really overpriced the EA would want you to drop the price. All that rubbish about them wanting to make as much commision as poss is wrong - they would much rather make SOME commision on 2 underpriced properties than wait around for commision on one sale.
Some of the people on here are very unhelpful, very cynical, unknowlegeable - and dare I say it - rather hopeful that you'll only get peanuts for it. Some strange folk out there! Miaow!!!!!!!:D
oooo very controversial!!!Thanks for your advise - I really appreciate it - the view is really lovely - we can see across to the wirral, see liverpool, see blackpool tower on a clear day and can even see the Cumbrian mountains on a really clear day!! The view from the new house is even better!!
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"The view from the new house is even better!"
I love the way you keep pointing out how much better the new house is - that you paid less money for than you want for your old one!0
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