House won't sell, aaaaagh!!!!!!!!!!!

GDB2222

Itismehonest wrote: »

Interesting site, I never knew it existed. I'd be wary, though. The description for my area is so far out it's almost laughable.
For instance......
Housing Type Properties are mainly mixed housing and are mortgaged, council houses, housing association or privately rented. The typical property price is low. The properties are average in size and are located in a mixture of different types of area. People will typically have lived here between 0 and 10 years.

In real life there are no council or housing association houses at all. There is one cottage (owned by the National Trust) with rental of over £700 per month. Other than that there are 3 large houses (5bed +) each with a few acres of land, 2 working farms, & a few cottages ranging from 2-4 bedrooms. It's extremely rural & the majority of residents have been here for more than 20 years.

Then we have "Residents" which among other things says "The population density at this postcode is approximately 12% higher than the national average."
A quick calculation shows that (the parish acreage divided by the population) gives 37.4 acres per person. :rotfl:

Back on topic, though.
If you don't have to sell, OP, then don't. In the current market there's no way you can really even hope to break even if you only bought in 2009

Just checked my own area, and it is completely wrong.

motherofstudents

Yes I do think you may get offers around £85k. If you really can't move on then just don't accept the offer. The way I look at it is you can either, take it off the market and wait a while, maybe try to save or overpay your mortgage if at all possibe, or you can advertise with the better photos and see what happens in the spring/summer. There is always a chance that someone will come along who wants to move to your area to be near relatives or whatever and they like your house....you just don't know. It looks like a nice house with a great family garden but I can understand why you are looking for a better area. I hope you manage to acheive your move but if not, just have a plan to save as much as you can and at least you will have a goal to aim for.

GDB2222

mommy2princess wrote: »

What worries me is that 100k is our bare minimum selling price, so if I reduce to offers over 99,950 - won't buyers think I'm really after 85-90k?

Hopefully, yes they'll think you're really after 85-90k. At least you'll get some interest, and you may be able to persuade some of them to increase their budgets once they have seen inside.

olly300

GDB2222 wrote: »

Just checked my own area, and it is completely wrong.

Mine is as well.

It's years out of date. The area has changed a lot since 2004.

Frogfish

mommy2princess wrote: »

What worries me is that 100k is our bare minimum selling price, so if I reduce to offers over 99,950 - won't buyers think I'm really after 85-90k?

Presumably you have established with your estate agents that you are looking for this sum? Not all offers are ten to fifteen percent lower than the asking price. In one case me and my partner offered way under the asking price (it was horrifically overpriced!) and the one we eventually bought we offered at very close to asking price. It depends on so many factors like whether you have priced realistically, what your buyer thinks it's worth, and how much of that they are willing/able to pay.

Also, bear in mind that anyone using Property Bee will see that you've already dropped twice, they hopefully won't look at that history and think you could wipe another £15,000 off.

dadio77

OP, I used to live in Walsall, and know this area - looks like you've done a good job and there's probably few houses nearby as good as this. However, it's unlikely you'll receive the investment back in Darlo/Wednesbury as it's not what people are looking for.

I'd say looking at similar standard areas in Walsall, you are probably £15k higher than you should be - hope someone likes it enough to pay the £100k though! :j

googler

I haven't read all the updates on whether new pictures are on their way or not...

but those on RM at the moment have one major photographic flaw - they've been taken in the half-light of dusk, and have too much flashlight in them. Apart from that, all other faults lie with your preparation, or lack of same.

Towel lying around in bathroom, toilet seat left up, clutter on sink and kitchen worktops, etc etc

Horace

Looking at the house now it has no kerb appeal and is too cluttered and it appears to be quite dark inside. I also think the asking price is too high and maybe you should consider putting the house on the market with another agent because C*nnells are not doing you any favours. If you put the house on the market for offers in the region of £99,950 expect to be offered around 10% less than the asking price (£89,955).

phoebe1989seb

Itismehonest wrote: »

Interesting site, I never knew it existed. I'd be wary, though. The description for my area is so far out it's almost laughable.
For instance......
Housing Type Properties are mainly mixed housing and are mortgaged, council houses, housing association or privately rented. The typical property price is low. The properties are average in size and are located in a mixture of different types of area. People will typically have lived here between 0 and 10 years.

In real life there are no council or housing association houses at all. There is one cottage (owned by the National Trust) with rental of over £700 per month. Other than that there are 3 large houses (5bed +) each with a few acres of land, 2 working farms, & a few cottages ranging from 2-4 bedrooms. It's extremely rural & the majority of residents have been here for more than 20 years.

I was going to say exactly the same about our area......they couldn't have got it more wrong......our description is similar to that quoted above, yet we are in an area of outstanding natural beauty in Cranborne Chase with some beautiful period properties and some very wealthy owners :eek:

A floor plan would definitely be advantageous if I was a prospective purchaser and agree about the need to de-clutter somewhat. However, I'm not an advocate of the paint everything magnolia brigade and prefer a bit of character and colour in a property! New pics are definitely the order of the day though

mommy2princess

I think I will definitely be changing agents as of Monday - any recommendations?

My other worry is that the repo that sold this year started off at 105 or 110k (can't remember) but they told me they had absolutely no interest until it dropped to 75k. They were on with Dixons. Surely that is a bit low?