No viewings for 3 weeks

tyllwyd

googler wrote: »

How much 'doing up' would it take to bring the £170k one up to your spec? Would it take £160k of work? That's what I'm mentally computing.... 330-170 = 160

If it needs £20-30k of work, that suggests yours is worth £190 - 200k, perhaps....

No - we bought ours as a 3 bed detached for £188K in 2003 (so you could argue that it equates to current prices). This is a smaller 3 bed semi in a similar condition to the one we bought (a 1930s house which has not been extended). We spent something like £80-100K over the last seven years to build a two storey extension and renovate the house so it's now 4 beds and at least a third bigger, and replastered and redecorated throughout, new central heating, rewired, wall ties replaced, new windows, re-pebbledashed. You could spend the same money at the other house, and you still wouldn't have a house as nice as ours because the basic house is smaller, it's a semi and the garden is half the size. So no, as far as I'm concerned they don't compare!

It does worry me though, because if people go on nethouseprices etc and base the comparison on what we originally paid, it does make our house look way over-priced, obviously.

Very ordinary 4 bed modern houses in our area are priced at £280, so that's the minimum. Maybe you could say our house should be on at £300 not £330, but we probably wouldn't sell at that price, we'd stay put.

Cissi

tyllwyd wrote: »

It does worry me though, because if people go on nethouseprices etc and base the comparison on what we originally paid, it does make our house look way over-priced, obviously.

That part wouldn't necessarily worry me as the EA can make it clear in their ads that "the property has been extensively extended and improved by the current owners". The friends I mentioned in my post above have just sold their house for pretty much double what they paid for it in 2005. They've done a fair bit of cosmetic work to it and turned it from a 3-bed semi into a 5-bed by converting the loft and as I said, they sold very quickly.

However, if there are 4-bed houses available in your area for £280k it may be hard to find a buyer that loves yours enough to pay nearly 20% more...

Hopejack

My EA said that houses around here (north east) are not moving around the £300 - 350k bracket - not sure if that's happening elsewhere too.

Having seen the prelim cuts the Coalition government is planning on making makes me feel uneasy and we are in the process of buying a house having just sold one (and completed on that one - now in rented). I've told my solicitor I want to complete before the budget as I think there will be a few nasty increased costs/taxes in there which could affect house buying/selling i.e. possible increased VAT, possible increased stamp duty perhaps? Surely I'm not the only one having jitters?

petunia100

Running_Horse wrote: »

What does realistic mean?

Put it on for £1 and you will sell. Put it on for a million and you won't.

Somewhere in between is a price that will get viewers through the door.

Realistic in relation to similar properities in the area and £10,000 below what the estate agent said it was worth.

petunia100

keith969 wrote: »

Several possibilities:

- your particulars put potential viewers off. Are the photos good, is there a floorplan along with a decent description?

- the price may be realistic for you, but not for potential viewers

- your EA is rubbish and is not pushing it. Is it on Rightmove?

The photos seem o.k but no floorplan. Put it on for £10,000 below the valuation and seems a good price compared to others in the area.
It is on Rightmove.

petunia100

maya+2 wrote: »

we've had no viewings either, the house has been on for four weeks we reducded it by 7,000 still nothing. We had four EAs value it and its currently on at the lowest valuation of 149,000 the highest being 170,000:think: sigh

Thanks.

That's what I was wondering, if it was happening in other parts of the country as well.

petunia100

surreybased wrote: »

Hi,

I think there is a slow down, on house buying, following the election. Perhaps people are waiting for budget news however people do still need to move/relocate so there is always a market.
My friend has just had an offer accepted on her place.

What does the EA say?

Not alot. I've asked them if they've had people requesting details and they have but seem unsure of the details.

petunia100

dianah wrote: »

is it possible your ea has a full schedule?

the house we're buying, we managed to get the first viewing in the same week purely because we could go when they were showing the place to someone else - it's only a small cottage so we viewed when the first people were done.
had to wait a week to get the second viewing though - you'd think they'd want to do a second viewing with cash buyers as soon as possible - especially as the property had been on the market for quite a while - but they were just too busy.

could you get one of your friends to try and book a viewing? just so you know what response the ea gives...

Maybe.
I got a friend to request details and they did send them the following day.

dianah

sending details can be done by the admins at the office, you need a slot in ea's schedule for a viewing...

petunia100

gemmalouanna wrote: »

We changed EA last week after our sale fell through last month and we felt the old EA eased off.

The new EA has said the market is very slow and was better before Xmas so think it may just be that.

Can you change EA? Certainly glad we did

I've got another 6 weeks before the contract runs out with them.