Why am I Getting No Viewing of My House?

Welshy123_2

Cheers, Keep you all posted on how it goes.

the_realist wrote: »

Finally:D

I think you now have a far better chance. Good luck.

Try and sort out firefox and property bee, you really should be fully armed with facts about the local situation.

googler

Welshy123 wrote: »

De-Clutter / Make the place more appealing and then get EA to sort out new photopgraphs

Way to go.

Good Luck with the sale once it's re-presented to the public.

carefullycautious

major gripe How long is the lease?

Is it on a large LA estate?

Too expensive for area and size

Graham_Devon

The problem is, the EA is trying to make out FTB's are, frankly, stupid.

Basically your ad, if you have got passed the POA bit, which many won't, gives the buyer the indication that you want 85-95k.

If they offer nearly the full amount, you will give them 5% deposit. However, if they offer less, you won't. Great.

But the buyer has to firstly enquire as to what the real price is. Secondly, figure out the magic number for the 5% deposit and thirdly, will have to basically pay 5% more than what you would accept, for you to pay their deposit, of 5%.

We all know what the score is, it's like sales. You want say 85k, if the buyer gives you 92k, you will give them 5% back. You get the 85k you wanted, and the buyer, after all their hurdles they have already jumped over, get's the privilige of paying 5-8k more than the guide price, only to get it given back to them.

Then, they will have to struggle with the mortgage company to describe this offer...pay for a valuation, which will probably come back as overvalued as they are paying to much only to get some back.

What a faff! I'd be looking at the property down the road, which says £95,000 and which I don't have to jump various hurdles and play a silly game of "pay me more and I'll give you it back".

This deposit thing may work on a few extremely deluded buyers. But no ones really going to get this 5% deposit are they, as no ones going to offer over 85k. It's just pointless.

No one wants 5% back. They just want the house 5% cheaper.

Edit: sorry, just realised you are changing this....hopefully it will bring more viewings!

DVardysShadow

Welshy123 wrote: »

Thanks for your advice guys.....

I think we are goin to sort out the following:

Change Asking Price to Offers Around £85,000

De-Clutter / Make the place more appealing and then get EA to sort out new photopgraphs

Nearly there, but I think you are wanting more than 85. With 'offers around 85', you will only get offers less than 85. Be totally conventional, ask for more than your bottom line on this.

harz99

Welshy123 wrote: »

Thanks for your advice guys.....

I think we are goin to sort out the following:

Change Asking Price to Offers Around £85,000

De-Clutter / Make the place more appealing and then get EA to sort out new photopgraphs

Welshy; despite what the others are saying to encourage you into dropping your asking price I think a £5k drop on a £90k ask is too much in one go.

Bear in mind that you will probably get buyers who will then offer 8-10% lower than your new ask in this climate, and suddenly you have potentially a huge 15% reduction.

As to the reason for POA; on RightMove any alteration in price is sufficient to get the listing moved back into the "added in the last 24 hours" category. So going POA does this without actually changing the asking price, as will changing back from POA to your £90k ask.

Maybe your EA is being a bit more proactive than others give them credit for.

Graham_Devon

harz99 wrote: »

Maybe your EA is being a bit more proactive than others give them credit for.

Maybe. But what matters is viewers turning in to buyers. Not the amount of clicks on rightmove.

I honestly can't think of any reason having POA is a good idea. It's usually reserved for the very high end of the market.

Also can't see a good idea for the "guide price". Instantly, people are going to see 85k, not the 95k. Makes any potential buyer wonder what is actually wanted, and turns it into a guessing game. Is 85k acceptable? If so, why state up to 95k?

If the bottom line is 90k, why say the guide price starts at 85k, as instantly buyers will think it's overpriced as the guide says 85k. Once 85k is stated, that's the starting point for most buyers. I wouldn't go and look at a car that said 6-8k and think "hmm, I think I'll pay 7k in that case" even though the advert states 6k?! I assume this is all to do with the "bonus" of having your deposit paid....which the buyer is always paying for anyway. Want the deposit paid...price is 93k....if you don't want the deposit paid, the house is 8k cheaper?

Don't see this as the EA being proactive. Infact, don't really see the reasoning at all, unless there is some kind of fee the OP is paying to the EA for the listings in the first place, or fee's are charged for changing stuff? My parents were stuck with this once, with a term applied, a fee if they walked inside the term, and a fee if it sold in the term on top of the usual fee's. Was a bizzare situation, all in the smal print, which of course, wans't read properly, so entirely parents fault.

harz99

Graham_Devon wrote: »

Maybe.

Thank you for agreeing with me on one matter; but the rest of your post bares no relation to what I said above so why quote me, nothing was said about clicks on RightMove, POA being good or bad, nor about guide prices, bottom lines or anything else you mention.

I wa simply giving a brief explanation of a tactic EAs use, end of.

Eric1

harz99 wrote: »

Welshy; despite what the others are saying to encourage you into dropping your asking price I think a £5k drop on a £90k ask is too much in one go.

Bear in mind that you will probably get buyers who will then offer 8-10% lower than your new ask in this climate, and suddenly you have potentially a huge 15% reduction.

If it's really worth more than £85k, it should reach the market price regardless of the first offer. The OP can always reject offers under the reserve price.

Welshy123_2

What would you suggest?

Offers Around £86,000 or
Offers Around £87,000 maybe??

DVardysShadow wrote: »

Nearly there, but I think you are wanting more than 85. With 'offers around 85', you will only get offers less than 85. Be totally conventional, ask for more than your bottom line on this.