Why will my house not sell?

maryjane01

mumm wrote: »

We actually have a spare bed too, in our room, for spare kids who wake up in the night ...

I have a kid going spare that wakes in the night, can I send him round to yours :rotfl:

beccad

I'm sure your house isn't dark and gloomy, but it does look a bit like that in the photos. Could you repaint some of the brighter colours and lighten things up a bit?

Get rid of the spare bed in the loft room. Get some neutral bedding for your children's beds. I know it's nice for them to have the colourful stuff, but it's a bit too personalised.

WhiteHorse

Assuming that the house and locale are reasonably attractive and that there are no other problems, the reason is the price.

More expensive properties are simply not selling. Why? Beacuse very few people have the cash to do so. Before the crash, there were plenty of purchasers because they could get stupid mortgages. Those silly money mortgages are no longer available.

The truth of the matter is that the more expensive properties will either have to sit on the market or come down still further. The value of an item is not what you (or an estate agent), says it is - it's what someone is willing or able to pay. If there isn't anyone, then the price has to come down until there is.

tawse57

WhiteHorse wrote: »

Assuming that the house and locale are reasonably attractive and that there are no other problems, the reason is the price.

More expensive properties are simply not selling. Why? Beacuse very few people have the cash to do so. Before the crash, there were plenty of purchasers because they could get stupid mortgages. Those silly money mortgages are no longer available.

The truth of the matter is that the more expensive properties will either have to sit on the market or come down still further. The value of an item is not what you (or an estate agent), says it is - it's what someone is willing or able to pay. If there isn't anyone, then the price has to come down until there is.

I think the above is true but the OP should not be disheartened by this - I suspect that there are hundreds of thousands of house sellers in the UK now who are in complete denial about the credit cycle of boom and bust that we have with houses.

People are either too young or have conveniently fogotten the housing crash of the early 90s and 'jingle mail' - people handing back the keys to the mortgage company. All credit bubbles bust and the UK housing bubble has been one of the biggest credit bubbles ever so it is inevitable that prices will plunge in price in a way that will not just shock many sellers but will, sadly, bankrupt many in the coming years.

The banks have played a blinder as they will recover all this housing stock, flog it on cheaply to FTBs and others on 20 - 25 mortgages whilst the original buyers will carry their enormous mortgage debt but minus a house with them for decades to come.

This is not financial advice.