been told to lower price?

Asheron

Would it make you feel better if he told you it's worth 200k ? Sure, would it sell? No.
How is he trying to pull a fast one? It's been on the market since June!

Babymerlin wrote: »

Hey there

Been told by our EA that we should be lowering our price of our house as our house has been on for sale since june and people looking will be wondering why its taken so long to be sold….?

We have already lowered the price, and so if lower again will be 10k lower. The thing is we need a little bit of profit to be able to buy a new house (we are downsizing!) so lowering again means there will be no point moving as we wont have the 10% deposit that we need.

He was compairing our 3 bed house with the 2 beds that have sold and saying that people are looking for 139k price range …… but we are 3 bed….? Are they trying to pull a fast one? the thing is if this is the case then I think we will have to take house off market as no point moving, as we were moving to smaller house to save money……looks like we are having to pay out more now to get a smaller house!?!!?

Babymerlin

hi thanks for the replies.

We would LIKE to move but dont HAVE to move. we would like to downsize and move closer to husbands parents. but if it means getting into debt to do it then i dont think we will.

i was just wondering if the EA telling us to move was just him just wanting it off his books.

i already posted a link few months ago to get views on why house wasnt selling, apart from doing the garden (as been to cold) and unable to move a pilon from our side my house, dont know what else we can do........ we have repainted, clearned, depersonalised, decluttered etc etc.

http://www.rightmove.co.uk/property-for-sale/property-17296347.html estate agent is taking a new picture for the front.

http://www.rightmove.co.uk/property-for-sale/property-16552026.html

Generali

The place looks fine/nice to me. No obviously hideous fixtures or anything.

Is this the same street? If so the competition are selling for the same. How long has theirs been on for? Perhaps the price is too high:

http://www.findaproperty.com/displayprop.aspx?edid=06&salerent=0&pid=7569997

Having said that, there's no point in cutting the price if it's not going to advantage you to sell for less as you say in your earlier post.

nicko33

Percy1983 wrote: »

As a general rule if your home has dropped in value has the home you wish to move to also dropped?

probably, but it will have only a small effect on the deposit required, which is the main problem.

Intoodeep

Any property regardless of what the current incumbent thinks, is only 'worth' what someone is prepared to pay for it.

shortchanged_2

You could get your local EA to use the never fails tactic by incorporating the wording PRICED TO SELL within their house description, thats bound to get the buyers flocking in.


But seriously, why the hell do EA's put such cr*p in their descriptions.

WHY ELSE WOULD SOMEONE HAVE THEIR HOUSE ON THE MARKET WITH AN ESTATE AGENT!!!

Graham_Devon

Babymerlin wrote: »

hi thanks for the replies.

We would LIKE to move but dont HAVE to move. we would like to downsize and move closer to husbands parents. but if it means getting into debt to do it then i dont think we will.

i was just wondering if the EA telling us to move was just him just wanting it off his books.

i already posted a link few months ago to get views on why house wasnt selling, apart from doing the garden (as been to cold) and unable to move a pilon from our side my house, dont know what else we can do........ we have repainted, clearned, depersonalised, decluttered etc etc.

http://www.rightmove.co.uk/property-for-sale/property-17296347.html estate agent is taking a new picture for the front.

http://www.rightmove.co.uk/property-for-sale/property-16552026.html

House looks nice. Personally, as a prospective buyer, I wouldn't really want anything changing.

The garden is fine, people can do something with it if they want to, it's basically ready to go. If they don't want to, theres nothing particularly wrong with it.

I've just done a quick scout of the area, for similar properties to yours (end terrace, 3 bed, in Chippenham). I don't know what the immediate area is like around these houses, however, you are up against lower priced properties.

For example:
http://www.rightmove.co.uk/property-for-sale/property-31923869.html?premiumA=true

http://www.rightmove.co.uk/property-for-sale/property-25075975.html

It doesn't seem particularly overpriced. However, those of the same type of house as yours, seem to have also been on for a good while.

In the rightmove listings, just below yours are houses for the same price, however, they have also been on since June 2010, October 2010, July 2010.

One property (not as nice looking as yours, admitadely, I'd prefer yours!) went on in November 2010, 20k lower price, and sold in a month.

http://www.rightmove.co.uk/property-for-sale/property-31766261.html

Take from that whatever you can. Theres not enough listings immediately and not enough sold to actually draw up proper comparisons.

But, I certainly can't see anything wrong with your house.

Generali

Intoodeep wrote: »

Any property regardless of what the current incumbent thinks, is only 'worth' what someone is prepared to pay for it.

....and what the current owner is prepared to sell it for. If the 2 can't meet the value hasn't been determined because there's no trade.

Graham_Devon

Generali wrote: »

....and what the current owner is prepared to sell it for. If the 2 can't meet the value hasn't been determined because there's no trade.

Going by that theory, a house is worthless unless the seller gets the price they want.

Which would make compulsory purchases a breeze. Just take it off em if they won't accept the valuation.

ash28

Graham_Devon wrote: »

House looks nice. Personally, as a prospective buyer, I wouldn't really want anything changing.

The garden is fine, people can do something with it if they want to, it's basically ready to go. If they don't want to, theres nothing particularly wrong with it.

I've just done a quick scout of the area, for similar properties to yours (end terrace, 3 bed, in Chippenham). I don't know what the immediate area is like around these houses, however, you are up against lower priced properties.

For example:
http://www.rightmove.co.uk/property-for-sale/property-31923869.html?premiumA=true

http://www.rightmove.co.uk/property-for-sale/property-25075975.html

It doesn't seem particularly overpriced. However, those of the same type of house as yours, seem to have also been on for a good while.

In the rightmove listings, just below yours are houses for the same price, however, they have also been on since June 2010, October 2010, July 2010.

One property (not as nice looking as yours, admitadely, I'd prefer yours!) went on in November 2010, 20k lower price, and sold in a month.

http://www.rightmove.co.uk/property-for-sale/property-31766261.html

Take from that whatever you can. Theres not enough listings immediately and not enough sold to actually draw up proper comparisons.

But, I certainly can't see anything wrong with your house.

The second one on your list looks as if it's just round the corner - exactly the same but on the market at £139,500 - so £5k less and open to offers.