Flat went on the market yesterday.....

partialycloudy

Alan2020 wrote: »

I so want to post the link in the "have a look at this" thread

Why do people keep asking the OP for the link, it's on rightmove :rotfl: and I found it within a few minutes Always have a chuckle when people are so protective about the link

You have just taught me a valuable lesson on giving out to much info on the internet!

moneyistooshorttomention

partialycloudy wrote: »

Hello lovely people!

Viewer came, viewer went.....He was an investor looking for a buy to let, apparently not quite what he was looking for..oh well, thats the first one down!

Personally - I'd take that as a compliment that an investor said they weren't interested. Maybe what he actually meant was not "Your house isn't right for an investment property" (as, after all, he would have seen the details and worked that out before he came round) but "Vendor looks too savvy to sell me her property under value".

Some of the prices I've noted investors offering for properties are positively :eek: low.

moneyistooshorttomention

The_Cats_Been_Sick wrote: »

Yes. well maybe. The fact is, post crash, the best way to shift 2-beds and many flats is to BTL LLs. FTBs, if they have a deposit, will see that a 3-bedder makes more sense when interest rates look to stay at rock bottom.

There is logic in this argument, but the two things I would point out there are that:

a. Most investors do seem to pay a lot less for a house than it is worth (ie I wouldn't be at all surprised if a BTL investor wanted to pay me £150,000 - or, if I was really unlucky, £140,000 for my £170,000 house. Any investor like that is not a realistic possibility for most sellers.

b. A lot of people want 1 more bedroom than they actually need. I would have liked a 3 bed place myself - but bought a 2 bed one. I would imagine most people realise that savers simply cant subsidise interest rates for everyone else for ever. At some point interest rates will rise again and may well go back to "normal" levels. Put it this way - if they don't do that...then it would be because our whole Economy had Crashed Big Time and then no-one much would be buying anything much anyway....

Ciderarmy1987

moneyistooshorttomention wrote: »

a. Most investors do seem to pay a lot less for a house than it is worth (ie I wouldn't be at all surprised if a BTL investor wanted to pay me £150,000 - or, if I was really unlucky, £140,000 for my £170,000 house. Any investor like that is not a realistic possibility for most sellers.

Unfortunately though, if the only people interested in a house a BTL investors and that is the price that they are offering, then guess what......
That is what your house is worth. Just because you have some made up figure that you "know" your house is worth, doesnt mean that anybody will pay it.

I think that most FTBers realise that with static house prices and high selling/buying costs it makes sense to stretch yourself and buy a house that you are going to be able to live in for at least 6-7 years and unfortunately for a lot of people that will rule out a lot of 1-2 bed houses

Lizling

The_Cats_Been_Sick wrote: »

Yes. well maybe. The fact is, post crash, the best way to shift 2-beds and many flats is to BTL LLs. FTBs, if they have a deposit, will see that a 3-bedder makes more sense when interest rates look to stay at rock bottom.

Lol, around here FTBers mainly seem to get studio or 1 bed flats. It's a rare enough FTB who gets 2 bedrooms, let alone 3! Different world...

partialycloudy

We have had no more viewings since Friday and no calls to set up viewings....should I be worried? Its been on a week today.
Bored went up outside yesterday.
Hubby did call the EA on Monday to complain as they said someone was going to attend with the viewer and they didn't. He was a single man and I was home alone as hubby was at work! If they hadn't of said someone was attending I would have made sure hubby was home when the viewing took place.

Anyway I did expect to of had more viewings by now!