A buyer for EVERY house??

sleepymans

I have heard it said that there is a buyer for EVERY house.

Do you think that is true?

Is it really true that as long as the price is right, that every house will sell?

What factors would make a property completely unsellable at any price do you think?

Do any EAs on here have any examples of a property that they could never sell regardless of the price being right?

What is the record length of time anyone has waited to sell a property? When? Where? Why?

Would be interested to hear from anyone....:money:

Scudlink

sleepymans wrote: »

What is the record length of time anyone has waited to sell a property? When? Where? Why?

Not sure what the record is but the parents of a friend of mine took around 8 years to finally sell their property. It was a large detached house that was basically 2 properties, the upstairs was a self contained 2 bed flat and the ground floor a 4 bed property. There was no door dividing the 2 properties so it could only really appeal to a large family or perhaps turn into a B&B.

I remember the '4 sale' sign rotting away after a few years and when they asked the EA to replace it they replied back saying something like they weren't going to bother as it wasn't really worth it :rotfl:

Doozergirl

I think there's a buyer for every property at a price. There's always someone who will have a plan for it. It all comes down to price and whether the price tallies with that plan.

I wouldn't want to live right next to a mobile phone mast, but there are people who do.

A house can be knocked down, rebuilt, let out or left(!). Anything would sell at a price.

joapet

Depends on how much of a !!!!! the vendor is. Some people think their houses are worth millions of pounds where really its some disgusting 1960s affair with patterned carpet and an avacado bath suite.

I started work at an estate agents over a year ago and when i first started there was some house that had been on the market for a year previously. It was only about 3/4 months ago that it finally came off! The woman selling it was a bit odd though and never seemed in any hurry to sell, and teh inside of her house was a bit naff.

I think a house becomes harder to sell when the price doesnt reflect the location. Also, people are gonna be put off by crappy kitchens and bathrooms as that is too much time and effort to redo.

gonzosbro

Every property will sell if you get a buyer that thinks it is a bargain.

House prices are all about opinion, how else can the same house be valued differently in a different location?

nelly_2

EVERYTHING will sell at the right price!

I could sell snow to the eskimos at the right price.

suffolkb

Have a look at `Homes under the hammer`. Some of these are actually falling down, yet I`ve never seen one fail to sell at auction. Of course, you might not get the price you want, but it will sell.

epz_2

its not so much the proprerty but its price that prevents somewhere from selling, you could sell a junkie ridden high rise flat an the worst part of glasgow but you would probably need to drop the price down to £100 or something ludicrus.

as stated above somone will always be able to pay for potential, renting it out etc but the price will have to be right. there a ground floor flat where i live thats been on the market for £97K fixed price for almost a year, nobody is touching it and this is in a market where homes sell in days.

rather than drop the price they seem to be holding tight and waiting for the market to go up, not realising that not only is this a risk since a lot of people expect to see it topping off or falling but any place they want to buy will also have gone up (probably more) in the same time.

i have seen a place not meet its £30K reserve at auction but there was a bidder at £25k, this place was a serious dive though, entire building covered in damp, next to a railway line with vacat/vandalised neghbors and needing serious work.

Hapless_2

my brothers house has been on the market for a year, 3 bed and £105,000, no sale as yet. First EA never marketed it properly and the 1 near sale, the buyer got banged up before contracts were signed!

RHemmings

Doozergirl wrote: »

I think there's a buyer for every property at a price. There's always someone who will have a plan for it. It all comes down to price and whether the price tallies with that plan.

I wouldn't want to live right next to a mobile phone mast, but there are people who do.

A house can be knocked down, rebuilt, let out or left(!). Anything would sell at a price.

Yes, it all depends on price.

But I think that some vendors need to be reminded that it works both ways. Every property has a low price at which someone will buy it. Maybe for radioactively contaminated land or the like, that price would be negative, but it's there. But every property has a high price at which noone will buy it. A quick search on rightmove along with local knowledge will turn up examples of the latter.