35% of houses will not sell in a year?

Orpheo

tyllwyd wrote: »

What has that got to do with the situation? Nobody has said that the flat won't sell at any price, but the owner is not willing to go below a certain price - which means that it is not worthless to her, it is worth that mental reserve price that she has put on her own property. If she doesn't sell it she could always live in it, rent it out, or leave it empty. Her choice.

Who is making circular arguments now? If you wish to sell your house, it doesn't matter what price you're not willing to go below. What matters is the price that the capable buyers are not willing to go above. Otherwise you're house isn't really on the market is it? I would never take away the OP's choice; we all have choice; right now I have 108 properties on my RM saved list. Around 30 properties appear on the market in my search radius each day, around 2 or 3 of those get saved. That gives you an idea of just how many properties there are to choose from. Sellers, the competition out there is fierce. Why should I buy your house/flat?

puddy

these are all classics of overpriced properties. i had been looking in this area, from the end of 07,, some of these (which are on at different prices with different agents) were on the market then, they may have been taken off then on again but essentially we are talking well over a year on the market

the one at the bottom is a classic. that was on for well over a year for 145k. i noticed it recently now on at 188 and with another agent for 185. what on earth are people thinking?

http://www.rightmove.co.uk/property-for-sale/property-14851077.html


http://www.rightmove.co.uk/property-for-sale/property-20223134.html


http://www.rightmove.co.uk/property-for-sale/property-16158420.html

http://www.rightmove.co.uk/property-for-sale/property-21242383.html

http://www.rightmove.co.uk/property-for-sale/property-15899640.html

http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=REGION%5E22974&insId=2&radius=0.0&displayPropertyType=&minBedrooms=3&maxBedrooms=&minPrice=&maxPrice=190000&retirement=&partBuyPartRent=&maxDaysSinceAdded=&_includeSSTC=on&sortByPriceDescending=true&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false&x=44&y=18

tyllwyd

Orpheo wrote: »

Who is making circular arguments now? If you wish to sell your house, it doesn't matter what price you're not willing to go below. What matters is the price that the capable buyers are not willing to go above. Otherwise you're house isn't really on the market is it? ....

What do you mean, your house isn't on the market if it is being marketed at a price that buyers are not willing to go above? How on earth do you find out what price buyers are not willing to go above unless you have put it on the market? And what timescale are you working to? The house up the road from us was on the market for 18 months, and the price it was marketed at didn't change for the last 12 - so at Christmas, you'd have said the house was worthless. But it has just gone under offer, so all of a sudden it is worth £300K plus again. So for a house to have value, does it have to find a buyer within a week ... or a year ... or 20 years? But then when the new owners move in, if they decide to sell the week afterwards but it doesn't then sell in six months, does it suddenly become worthless again?

Orpheo

tyllwyd wrote: »

What do you mean, your house isn't on the market if it is being marketed at a price that buyers are not willing to go above? How on earth do you find out what price buyers are not willing to go above unless you have put it on the market? And what timescale are you working to? The house up the road from us was on the market for 18 months, and the price it was marketed at didn't change for the last 12 - so at Christmas, you'd have said the house was worthless. But it has just gone under offer, so all of a sudden it is worth £300K plus again. So for a house to have value, does it have to find a buyer within a week ... or a year ... or 20 years? But then when the new owners move in, if they decide to sell the week afterwards but it doesn't then sell in six months, does it suddenly become worthless again?

Oh dear. You're getting yourself all in a tizz over the whole "worthless" thing. I can only assume that you really aren't reading my posts carefully enough. If a house isn't selling then it isn't at the right price point for the current market. You really can't be suggesting that if a house is on the market for 20 years without selling then it is the fault of deluded buyers can you? How do you know that the house up the road from you hasn't accepted an offer of £240K? 20% below asking price. Perfectly feasible in today's market.

If you are unwilling to adapt to changing circumstances, don't be surprised if it takes an awful long time for circumstances to adapt to you. A week? A year? 20 years? Never?