8 other Houses for Sale in My Street- what shall I do?

nelly_2

Phone the estate agents and tell them to re isue it at half the asking price and see if loads of interest is generated then. Then you will know its the asking price or not

dougk_2

What a useful piece of advice nelly as usual....

I want my house replastered lets see - whats your rate and I will pay you half - I think you are overpaid.

Mean Machine is correct - The right picture is key. Try to (somehow) make it look different from the other houses around you, then it will stand out.

Pal

kittygalore wrote:

Just looked at CR5 (Croydon postcode!!!) on rightmove. Yes, there are houses, but they are all 'little boxes....all made out of ticky-tacky and all look just the same."
I would not personally want to make the biggest investment of my life in one of these, I'm afraid........and certainly not there! No offence.

No offence taken - I don't live in one of those boxes either and certainly wouldn't. It is also worth noting that the Croydon postcode is huge and covers some very expensive areas as well as the rubbish around croydon itself.

My point though is that CR5 is actually a relatively nice area (for London anyway). If your average first time buyer has managed to mortgage themselves to the hilt for £225k, they might want to ensure that they get a third bedroom, rather than spend a lot of money on a 2 bed place that they might outgrow fairly quickly. Certainly some of the homes on sale around here for £225k, which you are asking, are fairly large, and for another £25k you can get some really decent size properties.

Perhaps the problem is simply the market that you are in. Too expensive for first time buyers, too small for second time buyers trading up?

nelly_2

Once again doug you spectacularly failed to spot an obvious joke.

dougk_2

This board is not about jokes - as you have been told by other posters than myself.

As suggested before if you want to have a joke and basically act like a child try a different website. Perhaps the the posters on this board will ignore you in future.

If you ever decide to purchase a house, I don't think you will get very far with the attitude you have.

The board is about ADULT conversation, discussions, advice and help, please keep your comments to these in future.

deemy2004

Back to the OP...

I think you need to keep dropping the price until you get a buyer say £10k every 2 weeks.... Say down to 195k

You have to be aware that in a bear market, time is workign against you the longer its on the market the harder it will be to shift it at the same price...
Better to take say £205k now then in a years time be faced with offers in the region of £170k !!

kittygalore_2

Been out - just got back to some very interesting & helpful posts.

Th pictures were taken by the agent only last week on a dry, bright but not sunny day, so no snow on the ground to date the marketing to prehistoric times! The pics certainly as good, if not better than anything I could have taken myself. It does look very different from, and I think a lot better than the other houses around it.

Re. the amount of space, although it's a 2-bed, the house is actually very spacious, light and airy and has many options within the existing upstairs layout for creating a third or even a fourth bedroom. A few houses in the street have actually done this. We had planned to, but just ran out of money - I'm glad we didn't do it now!

Point taken, Pal, but again however nice and value-for-money it may be (although you admit you wouldn't want to live in one of these houses either??) CR5 is just not comparable with somewhere as close to the City of London and West End, as we are and the prices reflect that. We have everything on our doorstep with the tube station only a mile away - it's very convenient.

Nelly - I'm sure (or at least I hope) that post was tongue in cheek. Nice as it might be for FTBs and as generous as we like to think we are, even we cannot give our house away for 100K less than it has cost us!! Would you or anyone else you know be prepared to do that?

Meanmachine - I was a FTB once too, you know! It has always been really hard to get on the ladder - this is not a new phenomenon.
I camped for 2 days/2 nights outside the (then) Greater London Council offices in County Hall to get a delapidated house (under the 'Homesteading' scheme) in Hackney to do up. And I was one of the lucky ones. It was the only way many people could afford to get their foot on.
And as you know, unless you get out of the market altogether, you will neveractually benefit from all these megabucks - they're just figures.
So I'm sorry that everything is 50K over your max but with respect, that's the way it is. Everything was 10K over MY max in 1979 when this scheme came along. If it hadn't, I still would be renting. Putting pressure on powers-that-be is the only way to get such schemes re-introduced. I don't think there has been anything like it since.

dougk_2

deemy2004 wrote:

Better to take say £205k now then in a years time be faced with offers in the region of £170k !!

Chances are in 10 years time it will be worth £250k plus.....
but I understand the point you are making, although reducing every couple of weeks could well have a negative effect too :

a) you are desperate to sell (is that the case?)
b) that like i said earlier people will think there is a problem with the house due to a number of price drops
c) you won't be able to spend so much on the next house.

I would do nothing for a couple of months and then review.... you could simply have a poor estate agent! Also from experience I have known estate agents to plug the properties they have had on their books for a while as they fear losing the sale after spending money on advertising etc.

kittygalore_2

Not sure about reducing the price every couple of weeks - selling for £195K would be a massive loss and just not worth our while - we'd never be THAT desperate (or stupid.)
I agree with dougK - it really would look sussy.
We may as well give the place away for nothing and could never afford to buy anything else.
(I wonder if sellers of whatever place we eventually buy will be that generous? In my experience, sellers won't even reduce an asking price by £500!)
And who knows what prices will do in a year or ten years?

lady123_2

the price youve got it on for sounds ok,but if you look on rightmove there are a few 3 bed houses in and around south chigford/walthamstow for around your price bracket, just be patient you just need a couple/family with 1 or 2 children to come along.
walthamstow is quite a good area for your money, people who can't afford trendy stokenewington are skipping tottenham and looking in walthamstow, which area do you want to move to?