My house has been on the market for a month and i have no viewing.

dazleeds1978

motherofstudents wrote: »

If you sell at £85k, could you then not negotiate a big price drop on your next house ? So you would take a hit on selling but when buying the market should work in your favour. I think your house looks very nice btw.

Thanks. I can not drop it to 85k. i would rather stay in there and in 10 years sell. thats loosing 25k if i would drop it to 85k.

dazleeds1978

Safeoutside wrote: »

Agencies are typicaly overvaluing by 40%, so if someone wants to sell they know what they have to do.

I had three valuations and bank valuation too to change my mortgage all were very close to each other from 104 to 100k. The bank will no lend you more if the house not worth more. I personally think 2 bed room houses not selling my area.

DannyboyMidlands

feddyup wrote: »

My house has been on the market since January. 1 viewer after about 3 weeks, then none for 6 months. now had another 3. All say house is nice. Only One person saying they really like the house, however can only afford 10k less. Have already reduced the price months ago. Any suggestions? I think I need to change agents, will it really make a difference though?

4 viewings in 8 months is appalling. You are overpriced. If priced correctly you'd be hoping for more like 4 per week.

At the end of the day it is worth what it is worth. If that is not enough for you to move then you need to forget about selling at this time.

Changing EA's would be a waste of time.

dazleeds1978

DannyboyMidlands wrote: »

4 viewings in 8 months is appalling. You are overpriced. If priced correctly you'd be hoping for more like 4 per week.

At the end of the day it is worth what it is worth. If that is not enough for you to move then you need to forget about selling at this time.

Changing EA's would be a waste of time.

4 viewings per week!! i didnt have one 1 viewing in 2 months :-)

getmore4less

dazleeds1978 wrote: »

I had three valuations and bank valuation too to change my mortgage all were very close to each other from 104 to 100k. The bank will no lend you more if the house not worth more. I personally think 2 bed room houses not selling my area.

Because they are ovepriced relative to the 3 beds, serious buyers are probably just buying the 3 beds

A deserate to buy sees that £100k has 10 deposit and mortgage will be 4.5% That will cost them £500pm on 25 year same as renting but have used up alltheir savings, might as well stay renting(or living with M&D) and keep saving, the costs of moving will just make buying not worth it if they plan to move in a few years to somewhere bigger which most people do, much like yourself.

They know prices are going nowhere so if they rent and save a bit more they will get a 3 bed sooner than if they buy the 2 bed now.

To tempt people into starter homes it has to be better than renting to get to that it needs to be cheaper to atract invetment buyers, but even those can be picky and can wait for desperate sellers.

What sort of more space do you need?


If location is very important you could rent to rent rather than buy

getmore4less

Review everything that has sold under £100k over the last few months that will tell you waht people are buying and at what price

DannyboyMidlands

dazleeds1978 wrote: »

4 viewings per week!! i didnt have one 1 viewing in 2 months :-)

Well yes, that's because you are overpriced too.

dazleeds1978

getmore4less wrote: »

Because they are ovepriced relative to the 3 beds, serious buyers are probably just buying the 3 beds

A deserate to buy sees that £100k has 10 deposit and mortgage will be 4.5% That will cost them £500pm on 25 year same as renting but have used up alltheir savings, might as well stay renting(or living with M&D) and keep saving, the costs of moving will just make buying not worth it if they plan to move in a few years to somewhere bigger which most people do, much like yourself.

They know prices are going nowhere so if they rent and save a bit more they will get a 3 bed sooner than if they buy the 2 bed now.

To tempt people into starter homes it has to be better than renting to get to that it needs to be cheaper to atract invetment buyers, but even those can be picky and can wait for desperate sellers.

What sort of more space do you need?


If location is very important you could rent to rent rather than buy

You are right. Two bed houses not selling even for 80k. I have talked to many people they saying they dont look at 2 bed room houses. But between 2004 & 2008 those houses were selling very quickly which doesnt make sense really.

feddyup

dazleeds1978 wrote: »

Is your house 2 beds house?

yes it has two bedrooms

dazleeds1978

DannyboyMidlands wrote: »

Well yes, that's because you are overpriced too.

The problem my friend selling too. round the area they have dropped prices 25% and still no viewings. The house in front of me sold 2 years ago for 90k