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Trouble selling..
Comments
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We are trying to sell our 4 Bed extended detached house - village location for £284,995. It is definitely a buyers market atm. We have had loads of viewings, lots of interest, but prospective buyers have their own houses to sell - without really knowing what a realistic offer will be on their own property, therefore are not prepared to offer on ours. Viewers last week seemed prepared to offer though stating constantly that ours was 'at the very top of their budget', now we have been told they are proceeding with a house on the market for £299,950:huh:
Do seriously think that the market is doing a dive atm and people are shopping around and getting very fussy!!!!0 -
JackieBlue wrote: »
Viewers last week seemed prepared to offer though stating constantly that ours was 'at the very top of their budget', now we have been told they are proceeding with a house on the market for £299,950:huh:
Do seriously think that the market is doing a dive atm and people are shopping around and getting very fussy!!!!
Just because its on the market for that price, it doesn't mean that is the agreed sale price. Could well be that the buyers are looking to move quickly and were willing to take a lower offer. In the current climate, that's quite likely.0 -
£207k (assuming highest price was what you paid) a year ago
£245k now.
As a potential buyer I'd be looking at these figures and thinking "cheeky mare".
The house is second hand now.
IRs have gone up.
Latest news/papers/reports are showing slowdown
Why are you selling?
If I wanted to sell, I'd try to "bank" say 10% growth and be done with it, if I could.
Stick it on at £228k0 -
£210K more like.PasturesNew wrote: »Stick it on at £228k0 -
Yeah! hey dont i just sell it at negative equity considering house prices have risen at 10% average for the last two years?
I would agree I am overpriced by perhaps 10K, considering the current market conditions. I have had some viewings, so that would mean people are at least "interested".0 -
Yeah! hey dont i just sell it at negative equity considering house prices have risen at 10% average for the last two years?
I would agree I am overpriced by perhaps 10K, considering the current market conditions. I have had some viewings, so that would mean people are at least "interested".
Averages are just that. I wouldn't have thought new-build house prices have risen at anywhere near that level countrywide. They are probably more flat.
But the South-East has been having a reasonable time of it and I would think new builds have risen. But clearly not by as much as you think. Even the EAs have said as much! You would expect to accept a price lower than their suggested asking don't forget.0 -
Yeah! hey dont i just sell it at negative equity considering house prices have risen at 10% average for the last two years?
I would agree I am overpriced by perhaps 10K, considering the current market conditions. I have had some viewings, so that would mean people are at least "interested".
The housing market is just that...a market. You need to recognise that the recent IR hikes have reduced affordability significantly and you have to take into account what others are selling their homes for. If there's somebody down the road offering a lower price for a similar property or if there's a bigger property on at the same price then you are going to be overlooked. Six months ago you could have put it on at an unrealistic price and the market would have caught up with you, but now you need to get a bit more realistic and I suggest you do that before it's too late.0 -
Yeah! hey dont i just sell it at negative equity considering house prices have risen at 10% average for the last two years?
Where is that? Price have been stagnant for that time where I live.
And anyway, is there some fundamental reason that prices should rise 10% for two consecutive years? I can't think of one. A speculative frenzy is not a fundamental.
Prices are just as capable of dropping of 10% for two consecutive years. It's time to wake up.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
I live near you (still Hants), so understand about the prices, but still feel yours is too high
Ours is worth £235k, yet is 3 bedrooms, semi, garage, driveway0 -
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