Will It Ever Sell?

apple1976

realwildone wrote:

TOTALLY agree. I cannot stand all these people moaning about not selling their houses which are desperately overpriced. What you really mean to say is 'I am selling a house and no mug will pay my valuation'

not always true. my husband recently sold a house which was quite unusual, he had loads of viewings and not one person thought it was overrpriced, they just thought it was the wrong configuration of house for their needs. when the right people came along they were happy to pay the price.

some friends of mine have had a bungalow on the market for months and reduced it so much it is now so cheap that they have been advised not to reduce it any further otherwise it will fall beneath suitable buyer's price bands. they just haven't had the right people see it yet.

i have looked at many houses I wouldn't buy even if they were £20k and some that I have loved so much I would beat any other offer even if it was 'overpriced'.

it's not always so cut and dried. if you haven't got anything helpful to post, don't bother.

realwildone

it's not always so cut and dried. if you haven't got anything helpful to post, don't bother.

so why did you post that load of bambling rubbish. If you are happy at paying more for an overpriced house than anybody else it says a lot about why you are on this site.

seven-day-weekend

apple1976 wrote:

not always true. my husband recently sold a house which was quite unusual, he had loads of viewings and not one person thought it was overrpriced, they just thought it was the wrong configuration of house for their needs. when the right people came along they were happy to pay the price.

.

But this is not an unusual house, is it? I agree it is probably overpriced if it's been for sale for that length of time with no offers.

We sold our investment flat the same day by offering it below £90k when all the others for sale in the block were slightly above £90k.

However, I would still change the estate agent because I don't think they have presented it well.

Iso

In the 1980s my sister put her flat on the market and despite numerous viewings it didn't sell. She RAISED the price - thereby getting into a dufferent group of potential vendors - and sold within the week. Cutting the price isn't always the answer - as I've already said the agent you're using isn't doing you any favours with the photo or particulars.

Is the house clean and tidy? Has it been empty for long? Has it started getting that 'unloved' / neglected feel to it? Don't let post accumulate, get it re-directed. You know the sort of thing. Present it as well as you can and get a decent agent.

KMK

I took your all advice and contacted the EA who have agreed to look again at the presentation of the property. So fingers crossed! I have had several viewings and the asking price was not given by anyone in the feedback as a negative. The small size and the parking are the main issues.. But perhaps viewers avoid mentioning the price and give other reasons.

I am not trying to be greedy here. My aunt lived in the cottage for over 60 years and was very happy there. I would be delighted if a FTB were able to buy it and enjoy living in it as she did. I hate to see it empty. The sale will boost my pension and, if I have to,I will drop the price again.

Many thanks again for all your advice and help. I promise to let you know if and when it is sold.

star1_2

I have to agree with the comments with regards to "dropping the price" .... It's simple .... if a property is'nt selling it's down to 2 reasons :-

a) It's not being marketed properly and people don't know about it - therefore this is an issue to address with your agent, consider chaning agent, or doing it yourself.

or - most importantly ....

b) the price is wrong (and does'nt reflect it's true value) .... a lower price can always compensate buyers for "improvemenments, that need to be made", "rooms being too small", if it were "too close to a main road", "any lack of outside space".... etc.

I'm afraid that emotion needs to be removed from selling homes, if you can decorate it and make improvements that a) reflect what similar properties are like and b) make it appealing to buyers, clean, improved with the facilities that buyers expect - that will speed up the selling time .

Money talks .... and if you adjust the price accordingly, with good promotion - it will sell....

PS - The agent's not going to say the price it too high (as he probably recomended that bit), it's easier for him to blame the other bits on the property he's not responsible for !

mi-key

Have to say I agree about the price as it has been on the market so long. If you have had viewings and no offers ( even speculative or silly ones ) then the price is too high for what it is. Either that or the agent is completely mis-marketing it, but seeing as most buyers will look on the web now for places for sale, and also often go and have a look around the outside of a property without ever contacting the agent, then this is unlikely.

I dont know why people see selling a house as any different from selling anything else - if you advertise your car in the paper for £1000 more than similar ones, nobody will buy it - if you advertise it for £1000 less, then it will go quickly as even if it has the odd bump or a higher mileage, buyers will take this into account with the cheap price.

I think it depends on what you want - at the moment the bungalow is worth nothing as nobody wants to buy it. If you price it low enough, then someone will buy ( as everyone now thinks they are a property developer ! ).

EdInvestor

Helpful hint to the estate agents in this area: when taking internal pictures, switch all the lights ON, doesn't matter what time of day it is.

Never seen such dark property pictures.