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Are all properties sellable?

135

Comments

  • mummyyum
    mummyyum Posts: 49 Forumite
    The last one that sold in your road was number 2 and it sold for £100,000 in Nov 2011. Zoopla has an estimate of £97,818 for it now. Obviously it's not an exact science but I think it shows you are probably overpriced especially bearing in mind the work that would need to be done
  • Thanks for all the comments, i just wanted to clarify the property is sellable, i am not miles out with the price, but will get the agent to lower it, so you guys think giving it a tidy up and lowering the price, will attract buyers?
  • eschaton
    eschaton Posts: 2,161 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Been trying to sell a property recently but to no avail, so have changed agent, hopefully that will work, however is there such a thing as regardless how much your price the property it wont sell, due to lack of demand etc.

    There is more chance of your house not selling due to lack of effort.

    Look at your advert and think if it is appealing to look at - even 1%.
  • DRP
    DRP Posts: 4,287 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    eschaton wrote: »
    There is more chance of your house not selling due to lack of effort.

    Look at your advert and think if it is appealing to look at - even 1%.


    yeh agree with this.

    It looks like the house is being sold against the OP's wishes... it appears no effort has been made in preparation of the house for sale, tidying for the photos, or even in the listing (presumably this part is the EA's fault).

    OP, there is loads you could do to the house to make it sellable (see the previous posts).
  • Anything will sell at the right price - and the price can depend on a variety of factors with even poor photos affecting it.

    From looking at your property I would not spend £114K on it (although I don't know the area).

    Problems that will put people off:

    - can't see frontage of house due to overgrown hedge. If you can't be bothered to trim the hedge when selling what else inside haven't you bothered to maintain.
    - No pictures of some of the rooms - very off putting - I wouldn't consider the property further.
    - Needs new kitchen, probably new bathroom too.
    - Decoration is off putting, some will look past that, some will not.
    - In the kitchen there seems to be issues with the ceiling above the boiler.
    - Tube lighting
    - Internal doors could do with replacing, particularly in a house with kids if not made of safety glass.
    - Only part double glazed
    - No pictures of rear garden (front cannot really be seen). If marketing a family house this will be problem.
    - Right move advert has spelling mistakes

    All of this adds up to £££s being spent by the buyer. Not knowing the area I'd be offering about £90-95K, assuming a good area.
    Save £200 a month : [STRIKE]Oct[/STRIKE] Nov Dec Jan Feb Mar Apr
  • Mickygg
    Mickygg Posts: 1,737 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yep another one here for new photos. I'd be horrified if my agent posted those pics. In fact I would have had a right go. I had a look, and seeing those pics I would not want to view, I have no idea what the front of the house looks like other than an overgrown bush. This makes me think it's hiding a poor front to the house.
    Pic of garden needed, and lose the green room pic it's awful.
    Kitchen needs some cosmetic work.
    In answer to your post yes this is of course sellable, at a price.
  • mustang121
    mustang121 Posts: 329 Forumite
    edited 27 August 2012 at 7:49PM
    Not enough photos, but from the few available I am curiouse to take a look.

    I would only be willing to pay £60,000. Might go up If I saw the house in person.

    Based simply on the the photos, description and the fact that your property is in dire need of modernisation.

    Sounds harsh, but I'm not going to fork out x amount of money for a house that needs x amount of money to do it up.

    I mean it looks like your living room door won't even keep closed.
  • Mickygg
    Mickygg Posts: 1,737 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Suggest once you have your comments you take the link off here.
  • phoebe1989seb
    phoebe1989seb Posts: 4,452 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 27 August 2012 at 8:18PM
    eschaton wrote: »
    There is more chance of your house not selling due to lack of effort.

    Look at your advert and think if it is appealing to look at - even 1%.

    Completely agree with this - we needed to sell our last house in 2011 and had spent quite a bit (in excess of £40k) dragging it out of the '80s and accentuating its period features. It was a very unusual house that stuck out in a sea of more modern bungalows and we initially believed the work we had done would, whilst not necessarily increasing its value, enable us to achieve the price we had paid only three years previously.

    As the recession had hit by then we knew that in an area where most buyers were looking for cheap, easy to maintain bungalows, our Tudor house (valued at more than double the average sale price locally) wouldn't be high on the *must-have* list for most buyers and despite our hard work renovating, we did consider auctioning it at one point.

    When we did come to sell, whilst the estate agents (and viewers) were most impressed with the standard of finish and quality of fittings we employed, all the agents we asked said that in the current climate all we had done was to make the house more saleable - we achieved a sold price of less than £60k below our overall spend.......but we sold within two weeks.

    Based upon your pics OP, you need to make considerable effort to increase the *saleability* to make your house stand out and look loved, welcoming and well-cared for.

    Good luck.....
    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
  • I think that just the fact that the OP needs to ask these questions here, speaks volumes for the calibre of the estate agent.

    I mean - the agent is supposed to tell the vendor what s/he needs to do to achieve a sale, and at what price.

    If its possible to take your own photos (as JPEGs), why not forward them to the agent and say "I'd like these photos used in the property description"?

    Best of luck!
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