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house sale - no viewings...

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Comments

  • RacyRed
    RacyRed Posts: 4,930 Forumite
    1,000 Posts Combo Breaker
    If you check your street on Globrix sold prices, the £80k prices were in 2007 and early 2008, the market has dropped a lot since then. The most recent sales in your street were in the £60,000 to £65,000 range, which is the going rate for comparable homes to yours in Co. Durham. Prices have dropped substantially, especially in the Bishop Auckland area as the town itself has declined.

    You may have to wait for the market to pick up to re-coup your expenditure.

    You have a lovely home and I agree with most of the advice given to you above.
    My first reply was witty and intellectual but I lost it so you got this one instead :D
    Proud to be a chic shopper
    :cool:
  • 1st rule of economics supply and demand
    your price is too high = no demand
    lower your price = demand
    simples
  • chrichard
    chrichard Posts: 8 Forumite
    The 60 to 65k houses were both completely derelict and without a downstairs extension (what our kitchen is basically). I agree about the fencing situation, need to investigate what the costs are going to be.
  • jeffmasson
    jeffmasson Posts: 97 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Karma moves in mysterious ways......

    i was thinking that too....

    how pepole can gazump when they know the peson they gazump will lose 100s of pounds in costs :mad:
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