Worried about limited number of viewings

SimonMrGreenWard

brit1234 wrote: »

Simon do you dispute it has changed to a buyers market?

From what I see it is increasingly becoming a buyers market and sellers have to be realistic.

Completely depends on the property and the area. Saying it's a buyers market and to be realistic is nowhere specific enough to be any help.

I can give you lots of examples for types of property in certain areas where it's a buyers market and equally lots where it's a sellers.

MegaMiniMouse

SimonMrGreenWard wrote: »

Any 4-bed detached house that comes on in A nice road in Southbourne thats sensibly priced and below £400k will sell in a day.

How much were they going for in 2005 or 2007?

brit1234

SimonMrGreenWard wrote: »

Completely depends on the property and the area. Saying it's a buyers market and to be realistic is nowhere specific enough to be any help.

I can give you lots of examples for types of property in certain areas where it's a buyers market and equally lots where it's a sellers.

It also depends on the economic climate, current lending conditions and buyer sentiment. These affect the whole country not just specific areas or property types. To deny this distorts the reality of the property market at the moment.

Jowo_2

Contact the Freeholder now to arrange a lease extension (additional 90 years) which can be timed when the new buyer goes through the conveyancing process. Leases under 80 years are very unattractive because of the additional expense in extending them (marriage value).

£200,000k in Brighton/Hove can you get a 2 bed flat. Have you seen what's available to buyers at the moment by looking at your price band + and - 10k or 15k?

I've a friend trying to sell a 2 bed flat nearby for more than 3 months for not much more than you are offering (and whose lease has been newly extended) which has had 30+ viewings, no second viewings, no offers despite 2 pricecuts. Every street in the area is chockablock with For Sale signs - sometimes 10 or 15 in each road. There are easily 60+ flats up for sale of that size in that location and that price bracket. Lots of new ones going on the market every week, hardly any sales.

Buyers market.

SimonMrGreenWard

brit1234 wrote: »

It also depends on the economic climate, current lending conditions and buyer sentiment. These affect the whole country not just specific areas or property types. To deny this distorts the reality of the property market at the moment.

My point is purely to take each case on an individual basis and take everything in to account. Everything you mention obviously has a big effect on property, I don't dispute that.

googler

There's sellers in this land who would bite your hand off for 3 viewings in a week or so.......

and Yes, the world has changed since 2005. You didn't notice American Mortgage Co's going belly up, Northern Rock collapsing, references to the 'credit crunch'..... all that sorta stuff?

"£200,000k in Brighton/Hove can you get a 2 bed flat." says someone a few posts ago - £200k gets you a 3 or 4 bed house in my neck of the woods...... nice flat, but £200k for 1 bed....... sheesh

SimonMrGreenWard

MegaMiniMouse wrote: »

How much were they going for in 2005 or 2007?

£350k and £415k

PasturesNew

In your postcode the others are asking £165k to £179k
What's so much nicer/better about yours than theirs? One at £179k has a garden.

Edit: correction ... I think THE one at £179k has a garden ... and is on with SIX agents and not selling

If so, then this tells you something about his price - and your price.

Eric1

SimonMrGreenWard wrote: »

My point is purely to take each case on an individual basis and take everything in to account. Everything you mention obviously has a big effect on property, I don't dispute that.

In my area, individual cases were easier to explain in February/March. Now, with the tripled number of properties on sale, it has become harder.
Too many individual competitors

googler wrote: »

There's sellers in this land who would bite your hand off for 3 viewings in a week or so.......

some 50 of them live in my area

PasturesNew

I would add that if I've got your (OP) address correct, then zoopla's guesstimator says (based on price rises/falls in your area between when you bought and now) that yours is worth about £174,800.