fed up now, won't sell

lynzpower

I agree the pictures are not good at all. The lounge carpet one is really not good, it gives no proper impression of the room. Also not sure the conservatory photo is particularly good either....

Why is there no bathroom or garage photos?

paulsad

MrRee wrote: »

When people above say that properties are only selling at below Market Value are suffering the Sellers disease of 'Sticky Head in Sand' Syndrome! :-)

The Selling Price IS the Market Value at that moment in time!

Every property will sell at the Market Value .... it's accepting that price which seems to be an issue for some sellers.

The Bungalow in question looks great ... the garden looks a LONG way down from the decking and therefore of limited value nto the elderly. Rest looks good ... I agree that the fence panels look a mess and the front could do with some hanging baskets to soften it.

That property where I am looking to buy (South Coast Area) would be £275,000!!

Ohhhh with respect p*ss off - we as sellers are NOT responsible for Market Values - its the job of those who are supposed to be professionals to value the market. So please don't come on here and vent your spleeens on us poor barstewards trying no some even even desperate to sell our homes. Tell you what I'll buy your place for £50 - does that make you happy???? Yes you can sell at ANY price doesn't make you a genius to come to that conclusion.

guitarman001

Got to agree with MrRee. People just don't want to hear it! My uncle who lived through the last property dip (lost money then) is again losing money now as he doesn't want to sell for 'less than it's worth'! If you think the market will worsen (likely) and your place is not selling, I would cut the price for a quicker sale before the value goes down even more. I know, I know... it all gets emotional, you don't want to lose money etc.

Listen to the agents/valuers to value homes? That's a laugh... Whether you like it or not, the country is massively indebted and it's getting worse (record unemployment, massive student fees, income:mortgage ratio ridiculously high) and we are in a property dip. I, for one, praise the lord for not buying back in 2008. To be honest I got caught up in property mania thinking of it all as some stellar investment. No more.

Just think about long-term. Happy to live there for yonks even if the selling price drops more and more (don't say it's not a possibility - ALWAYS got to plan for the worst!)?

As a professional engineer with more than enough of a deposit, I just refuse to buy into the property con here. Upwards of £250k where I live for a decent place, about 10x average earnings, what a joke. So what... a one-bed flat will cost £1million in future? Do you see wages rising? I'm out of here and off to Germany as soon as I have more experience.

Good luck, think it through rationally without emotion.

MrRee_2

paulsad wrote: »

Ohhhh with respect p*ss off - we as sellers are NOT responsible for Market Values - its the job of those who are supposed to be professionals to value the market. So please don't come on here and vent your spleeens on us poor barstewards trying no some even even desperate to sell our homes. Tell you what I'll buy your place for £50 - does that make you happy???? Yes you can sell at ANY price doesn't make you a genius to come to that conclusion.

First off, you wouldn't tell me to p*ss off in real life ... respect or no respect, so do not do it here - it simply makes you look silly.

You are quite correct that Sellers are not deciding what market values are - neither are the so called professionals .... although you struggle with the concept, it is the BUYERS who state what the Market Values are.

You can buy my property for £50 on two conditions:-

1. If it is available for sale .. and,

2. If that is the highest offer I receive for it (because, if it is - THAT is the true Market Value!!).

Sellers need to get a grip in all honesty, and stop talking rubbish like "It's worth much more" blah, blah, blah blah ...... if it isn't selling then the price is wrong - it really is as simple as that I'm afraid!

Yes, emotions get in the way ... those who deal as in a business transaction are successful, those who fail to adjust to the new order fail.

firsttimetom

paulsad wrote: »

Ohhhh with respect p*ss off - we as sellers are NOT responsible for Market Values - its the job of those who are supposed to be professionals to value the market. So please don't come on here and vent your spleeens on us poor barstewards trying no some even even desperate to sell our homes. Tell you what I'll buy your place for £50 - does that make you happy???? Yes you can sell at ANY price doesn't make you a genius to come to that conclusion.

EA's don't set market value.

The market value of your house is the highest anyone is prepared to pay for it. You may not want to let it go for that, but if no one will pay what you are asking for, then you are asking for too much.

All houses should be auctioned. It would make everything a lot quicker and easier. You would have sold your house by now probably for less than you want) but you will have bought your next one (probably for less than you would expect).

The whole market would have corrected and people could get on with their lives. Unrealistic expectations by sellers have the country at a standoff. EA's just give you their opinion, and it is VERY common at the moment for them to over value a property to get it on their books and talk you down 6 weeks later. If you are only just on to the market, you are probably 10% over market value. If you have been on the market longer than 6 months and haven't dropped, you are AT LEAST 15% over market value.

Sellers need to get ahead of the curve and not chase the market down.

firsttimetom

OP,

Your house does look attractive, but the photos are truly awful - only the picture from the outside is passable. The kitchen picture is grainy, the bedroom pic is awful, the lounge and conservatory seem to only show half the room and the floorplan, should be included in RM's floor plan section and not as a picture, as it is hard to see it properly.

If you do get the photos redone (and you should), you can get a tin of fence paint from the B and Q in Rhyll for £8 and it will make them look far better.

Bear in mind that if you are marketing to older people, they will be liable for stamp duty for purchases above £125,000, so expect offer bellow £125k.

MrRee_2

Estate Agents are ruining the market by over-valuing a property just to get it on their books.

This has two desperate effects on the badly advised seller:-

1. The seller is deluded into thinking that their property is worth £x .. and this unrealistic price is then stuck in their minds.

2. The sellers property sits, unsold and unloved, for weeks on the market - before the long, long, long, drawn out pain begins of price reductions ..... when cautious buyers have been well and truly scared off it.

It's a Catch22 ... if, IF, the Estate Agents agreed to value accurately then we would have the start of a market.

If I come to sell my house in this market I would be very cute about it ..... the trick is to price it VERY attractively - 25% OFF what the Estate Agents recommends (which is 15% too high anyway!).

This action secures that the tide is in your favour, a few things happen:-

1. The Estate Agents will charge you 0.5% Commission as they KNOW it will sell FAST.

2. LOADS of viewings happen - there is NOTHING like lots of people wanting to buy something to make others desperate to buy it too!!!

3. You will end up going to sealed bids.

4. You will easily achieve the price (maybe more) than you would have had to accept anyway .... many months/years of pain down the line.

5. You will have sold within the week - ONE week!

It's a win win win and ever so simple to understand for those with a business mind ..... the BEST bit is - even after the agreed sale you don't actually HAVE to sell if events change!

zappahey

paulsad wrote: »

Ohhhh with respect p*ss off - we as sellers are NOT responsible for Market Values - its the job of those who are supposed to be professionals to value the market. So please don't come on here and vent your spleeens on us poor barstewards trying no some even even desperate to sell our homes. Tell you what I'll buy your place for £50 - does that make you happy???? Yes you can sell at ANY price doesn't make you a genius to come to that conclusion.

Buyers and sellers are responsible for market value, as a function of what buyers offer and sellers accept, not estate agents. The estate agents job is to understand market values and advise sellers appropriately.

Unfortunately, estate agents have a bit of a conflict as they need to get sellers on contract so there's a temptation to suggest they can get a higher price than the agent next door, with a view to nibbling down the asking price later. This leads to a cycle of expectation inflation and consequent frustration amongst sellers.

So, while it's frustrating there's no need to be abusive to others who are merely stating the facts that houses that are selling are at market value.

phoebe1989seb

In May we sold our house within two weeks of marketing it. It was a one-off house (an original Tudor building that was moved to a new site and extended during the 1930s) on a popular estate full of 1950-1980s bungalows in a less than desirable part of East Anglia. When we bought it in 2007 it had had nothing done to it since the 1980s and was in a poor state. Despite this because of the boom in prices we paid £50k more than the previous owners who had bought it in 2003.

We spent between £30k and £40k restoring it sympathetically, but realised that although the house was perfect, the area was terrible...........so reluctantly we decided to sell. We told the EA we wanted to price it realistically in order to achieve the quick sale we wanted although we realised this would mean a significant loss.

We had three viewings (plus one second viewing) within the first two weeks.......good going as a 5-bed period house in an area mainly populated by the elderly wasn't going to get masses of interest despite its unique-ness. We accepted an offer 4% below asking, but this was £20k less than we paid - before our additional renovation expenditure was taken into account.

As we don't have a mortgage we had no problems with negative equity but still felt bad losing so much money - but we needed to get out that area and were prepared to take this hit in order to move to somewhere we feel happier................

We could have priced it higher to reflect our purchase price and what we'd spent, but would most likely still be languishing on the market in several years time. Another period property in the same area priced closer to what they paid (also in 2007) has been on the market now for around 18 months with no offers accepted according to property bee.............

atush

Presentation is pretty good. Garden looks fine, better than most.

Agree about the fence, and the washing line. And a rug plus maybe a bit more colour in lounge- looks a bit sterile (but that Is SO much better than clutter).

I think you just have to hold steady unless you have to go.