How many viewings are you getting?

flecker

HAMISH_MCTAVISH wrote: »

You could drop the price in half and you still wouldn't get "a nice rush of viewings".

It's taking 6-12 months on average in most places to sell a house nowadays, because there are so few people able to get a mortgage.

Price has little to do with it.

Price has everything to do with it. People are generally able to get mortgages for 3 - 4 times salary if they have deposits.

So, assuming buyers have a 10% deposit and lending is at 3.5x salary, if your house is priced at £200k, you're generally excluding people earning less than £50k-ish. If it's on for £100k, people earning £26k-ish and over have a good chance of getting a mortgage for it.

christinejp

I'm finding this thread really interesting. Obviously things are very different depending on what part of the country you are in.

I hope more people post with their viewing experiences, as it does give a bit of an overview of what is happening.

I'm finding it miserable and stressful just waiting for those elusive viewing bookings.

All the best to everyone trying to sell.

hazyjo

flecker wrote: »

Price has everything to do with it. People are generally able to get mortgages for 3 - 4 times salary if they have deposits.

So, assuming buyers have a 10% deposit and lending is at 3.5x salary, if your house is priced at £200k, you're generally excluding people earning less than £50k-ish. If it's on for £100k, people earning £26k-ish and over have a good chance of getting a mortgage for it.

Don't forget a lot of buyers for houses will be couples with two incomes anyway... so the £50k betwen them could well be achievable. Same as your £100k quote for one person - £200k for two people would be the same...

Depends where in the country too - salaries differ so much, so does house price. There wouldn't be many houses for sale at £200k here, let alone £100k - would probably struggle to find a small flat at that price, yet elsewhere you could get something huge for £200k. We generally get paid more in London, but then our property prices are more expensive. Swings and roundabouts...

Jx

BakerBoy

We've just had our second (cheeky) offer rejected - It was a wreck, probate job. No heating except an open fire, no oil tank, no gas connection, re-wiring done badly 20 years ago etc. EA says other offers are there so we've decided to walk away from it. If it still isn't sold STC on Rightmove in a fortnight we might come back to it.

katepnlo

9 weeks on and 7 veiwings so far.
Bored now :P

flecker

hazyjo wrote: »

Don't forget a lot of buyers for houses will be couples with two incomes anyway... so the £50k betwen them could well be achievable. Same as your £100k quote for one person - £200k for two people would be the same...

Depends where in the country too - salaries differ so much, so does house price. There wouldn't be many houses for sale at £200k here, let alone £100k - would probably struggle to find a small flat at that price, yet elsewhere you could get something huge for £200k. We generally get paid more in London, but then our property prices are more expensive. Swings and roundabouts...

Jx

All good points - and I agree with you. I was mostly just trying to illustrate that the claim 'price has little to do it' was clearly untrue.

Alybea

There seems to have been a flurry of activity here, houses which have been for sale for ages have now sold. It's the ones which need slightly too much work for the average FTB too... I.e you can't paint it magnolia and live with it until you save up for a new bathroom.
Odd...

shortchanged_2

HAMISH_MCTAVISH wrote: »

You could drop the price in half and you still wouldn't get "a nice rush of viewings".

It's taking 6-12 months on average in most places to sell a house nowadays, because there are so few people able to get a mortgage.

Price has little to do with it.

This is such a false statement.

Of course it is everything to do with price.

Put it on the market for £10,000 and I guarantee it will sell.

All silliness aside if it is cheap enough someone will buy it.

mrs-h_3

Our has been on market 3 weeks started at £140 now we have reduced to £129k still not a viewer its in good area and cheapest on estate its a 3 bed semi with large drive new kitchen and bathroom, good size garden - finding it very frustrating! Anyone want to buy it???????

Nixxx

Although I agree that its to do with price and location, it also has to do with your agent. For example, I called up an agent over a week ago about viewing a specific property that had just been reduced to within my price range. They made me register with them but advised that one of the sales team will call me back to arrange a viewing. I am still waiting for that call. I live locally to where the property is and went to have to a look outside, and I was put off by a number of factors. So maybe its a good thing that the agent hasn't called.

Perhaps it might be worth getting a friend to call them up enquire about your property to see if your agent are as proactive as they should be.