2012: Is your house still on the market...

DVardysShadow

Johnhowell wrote: »

Business_man kindly do not Private Message me about your property buying company.

Report him to Abuse. As I see it he is trying to build up an accepted presence here and off the back of that, spam people with PM's in his search for deals. PM'ing touting for business is abuse.

DRP

Winkle1908 wrote: »

Property was listed for sale 22nd Feb, had 10 viewings, one with interest but had to sell theirs so was a no go. Had an offer accepted 23rd April and moved out 15th June.

We had the opportunity of marketing as possible no chain and changed this to guaranteed no chain and think this helped. We reduced once after 4 weeks, although we were getting viewings we wanted to undercut all of the competition, reducing by £5000 did this and our buyer had been watching our property but was over their budget until we reduced.

If you want to sell quickly make sure there is nothing in the same postcode that is better than yours for the price, but ideally undercut the best one so yours stands out!

I don't really understand the psychology behind this!

So as a potential buyer, a house is on for more than your budget and you decide not to make an offer... but then it drops by 5k and then you decide to make an offer!?

Johnhowell

DVardysShadow wrote: »

Report him to Abuse. As I see it he is trying to build up an accepted presence here and off the back of that, spam people with PM's in his search for deals. PM'ing touting for business is abuse.

DVS,
Already reported from the Private Message area and have been contacted by the ForumTeam for further information.

John

robatwork

googler wrote: »

Business_Man - How many purchases, roughly, have you made? Do you measure it in single figures, tens, hundreds, thousands?

I think it's measured in litres.....of snake oil

Debt_Free_Chick

shortchanged wrote: »

A house won't sell if it isn't priced appropriately in the current market conditions.

I would normally agree with this - and generally, I do. But in my area (rural East Sussex) properties up to c£300k are selling but those above £400k are not. Very many on the market for nearly 12 months now, whilst those around £300k are going very quickly.

Up to £300k would be suitable for locals, but anything over £400k is likely to be affordable only for those moving in to the area from somewhere more expensive like Sevenoaks or London.

I really think it depends on the area. As we know, there is no such thing as "a property market". The market is specific to the area.

property.advert

Debt_Free_Chick wrote: »

I would normally agree with this - and generally, I do. But in my area (rural East Sussex) properties up to c£300k are selling but those above £400k are not. Very many on the market for nearly 12 months now, whilst those around £300k are going very quickly.

Up to £300k would be suitable for locals, but anything over £400k is likely to be affordable only for those moving in to the area from somewhere more expensive like Sevenoaks or London.

I really think it depends on the area. As we know, there is no such thing as "a property market". The market is specific to the area.

Then they are all overpriced and simply following the herd in terms of valuations.

If 99% of your target market cannot afford your property then you are still not going to be able to sell it for some high price to some dim sap moving into the area as there are 50 other locals looking to hook the one fish available and 10 minutes worth of research will have the newcomer offering 25% less than the asking price.

abaxas

property.advert wrote: »

Then they are all overpriced and simply following the herd in terms of valuations.

So true. But these people dont sell.

Ronnie_Grimes

Just because you can't take less than 95K doesn't mean the house is worth 95K. Sometimes you have to accept you over paid for the property, swallow your loss and move on. Many housing analysts are predicitng further house price falls this year. The longer you hold off the lower the offers you may receive.

Judith_W

I've just accepted an offer on our flat having been on the market since Easter. The buyer is a FTB, and we are urgently looking for something for ourselves to complete the chain. Does anyone have a view about how long the buyer is likely to wait - currently in rented (with/through friends), and previous purchase fell through. I really would obviously prefer to move straight into something else rather than rent and then look, but got reasonable offer and don't want to lose him.

DRP

Judith_W wrote: »

I've just accepted an offer on our flat having been on the market since Easter. The buyer is a FTB, and we are urgently looking for something for ourselves to complete the chain. Does anyone have a view about how long the buyer is likely to wait - currently in rented (with/through friends), and previous purchase fell through. I really would obviously prefer to move straight into something else rather than rent and then look, but got reasonable offer and don't want to lose him.

Our buyer was asking how long we would take to find a place before we even accepted their offer!

It all depends on the individual, I would make a subtle enquiry eg. maybe just ask the EA how soon the buyer can move? you don't want to scare away a good FTB