Trouble selling..

BigMarv

Hi All,

I am trying to sell my house on housenetwork and its been very quiet for me for the past month. Its a 2 bed terraced house on a newish estate.

I first put the house on the market 2 months ago at £240K and in 2 days I had my first viewing. They loved it...offered full asking price straight away and it all seemed great...until 2 weeks later they decided it was too small (tw*ts). Since then I bumped the price up to £245K and had 2 more viewings. Feedback has been nice house, didn`t like the area so much (the council has been poor at maintaining the area, and we are opposite some council houses...but mostly the estate is privately owned.)

The past month...not a single viewing...anyone have any comments on my advert?

Thanks

neil324

Instead of bumping the price up, why dont you bump it down :cool:

BigMarv

I bumped the price up cos it sold full asking price in 2 days first viewer...I`m sure most of us in this situation would be thinking "did I undervalue"?

lynzpower

why did you bump the price up?

my gut feeling is it Seems nothing short of greedy in this climate to be honest with you.

Ive sold with HN before , and i think if you are priced right, you'll have no shortage of buyers, I had stacks through the door, and asking price within 3 days. Mind you, that was 9 months ago and times have changed, the slow down IS happening- there seems to be a shortage of buyers willing to pay silly money these days

Where did you get your valuations from? As HN dont do them do they?

BigMarv

Cheers Lynz. I got my valuations from 3 local estate agents (which were 225K,230K and 235K). Bear in mind houses sold in my area recently for 240K,240K,and 250K.

Yes I probably was greedy putting the price up. This was before the last rate rise tho

lynzpower

the other issue is why are people ,moving out so quickly? It was only finished last year!

budget_counsellor_shaz

Hi BigMarv

Numbers 4 and 5 sold for £195000 and number 6 sold for £207000 in February 2006 do you really think that you can ask for £245000 thats a profit of at least £38000 in 17 months:eek:

Wow that'll be brilliant if you can make that much money in the current market.

Shaz

BigMarv

I see where your coming from...the first houses were built 3 years ago and theres about 300 homes here. I wish I could stay but I have a new job and its too far to travel every day :eek:

I think some want to get their equity before the "crash" arrives

BigMarv

Shaz...the houses were bought back in Sept/Oct time as they are new builds. The houses were not completed being built until Feb 2006.

So its more like 21 Months

budget_counsellor_shaz

BigMarv wrote: »

Shaz...the houses were bought back in Sept/Oct time as they are new builds. The houses were not completed being built until Feb 2006.

So its more like 21 Months

I'm so confused.... so you don't live at numbers 4, 5 or 6 then that were purchased in Feburary 2006?:rolleyes:

These were the only terraced houses I could find sold prices for your postcode.

Shaz

rebeccaj

BigMarv wrote: »

I bumped the price up cos it sold full asking price in 2 days first viewer...

but it didn't, did it? You got an offer but the house was never 'sold' at that price...