PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Why isn't this property selling?

PJD
PJD Posts: 582 Forumite
Part of the Furniture 100 Posts Combo Breaker
edited 3 August 2011 at 10:32AM in House buying, renting & selling
It's a friend of mine's house.

Not even getting any viewings!!

Someone told us that because my friend is paying only 1% to the EA, they don't bother to push the sale, - just chuck a photo in the window and forget about it.

The EA has said that it's quiet and maybe consider lowering the price. (although it was them who priced it in the first place), - but surely, if it's just the price which is the problem, where are all the low offers??

Any advice/comments/suggestions? :)
«1345678

Comments

  • puddy
    puddy Posts: 12,709 Forumite
    seems a lovely house.

    nothing to report, apart from a couple of bits and bobs in the bedrooms (bear on windowsill and gym equipment next to a bed)

    but it must be the price. what bracket does it come into in rightmove? what does it compare to in terms of selling prices for others in the area?

    there probably arent enough photos as its 4 beds so you need to see a few more photos as at that price it really matters what rooms and sizes you're getting so you want to see everything before you ring up to view
  • go_cat
    go_cat Posts: 2,509 Forumite
    I've been Money Tipped!
    Lovely house inside don't know the area so cannot comment on price but from the pictures cannot believe that is the back of the house compared with the front - has the front been extended but the back is still original?
  • kentmum1973
    kentmum1973 Posts: 134 Forumite
    It is pretty ugly. If I was going to be spending that much money I would want a house with better street appeal than that. I would not even view that property based on its appearance, regardless of how nice it is inside.
  • RedfordML
    RedfordML Posts: 907 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Without knowing the area, I think the poster above sums it up, its not very attractive and for £750k I would at least want that.

    This may be a cheap property for the area in which case, looks may not be everything, however the lack of viewings suggests overpriced/not attractive for ppl to want to view.

    gl to your friend all the same...
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Don't know the area, nor the pricing, but £795k seems a lot for it....

    Too much personal stuff lying around - are the bottles of shampoo etc in the bathroom included in the sale? No? If not, why are they on display? Likewise teddy bears etc.

    The listing tells us the room sizes, but offers nothing more. No selling points, no points of interest, no indication of features, etc.
  • I am grateful I don't live in or near London where the prices seem to inflate increasingly higher! I'd echo what googler says about too much personal stuff on display.
    http://www.lawlors.tv/agents/properties.aspx?agentid=39&regionid=11&officeid=40&propertyid=20785 is a video of the property - it doesn't really sell it to me, but at that price, i'm not the target audience I'm afraid.
    Feb 2012 - onwards MF achieved
    September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
    April 2018 down to 28.00 months vs 30.04 months at normal payment.
    Predicted mortgage clearing 03/2047 - now looking at 02/2045

    Aims: 1) To pay off mortgage within 20 years - 2037
  • jungle_jane
    jungle_jane Posts: 635 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Number 28 sold recently for £660,000. Number 10 sold for £499,000 in February. Other than that the only houses that comes near to comparison are 5 bedders - number 20 sold in 2008 for £790,000 (height of the boom) but that had 5 bedrooms and 4 bathrooms.

    1% of 795,000 would still be good commission - i would suspect that the problem with the house is that it is way, way overpriced...
  • puddy
    puddy Posts: 12,709 Forumite
    how did your friend pick that price?
  • WelshNic
    WelshNic Posts: 303 Forumite
    As above it looks at least 100k over priced.

    The interior is well done but it's pretty ugly outside - sorry!
  • It's not my kind of place but I suppose it must have its market. I thought the decor was a bit 80s/90s - especially that wallpaper in the master bedroom but that's just my taste and there have been long discussions on this forum about painting neutral colours or not in order to sell.

    My only comment on the listing is that the 2 photos of the kitchen looked very yellowy - artificial light. I suppose for that money i'd want somewhere with more natural light. The garden also looked small for a large, 4 bedroomed house - not sure if that was just the photos.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 600K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.