Where have all the buyers gone?

Kynthia

September will have a rush of buyers hoping to be in new places before Christmas. Get your house and listing prepared and refreshed so that it doesn't look like it's been hanging around all summer because no one wanted it. Remember new properties will come on the market too so you'll have competition.

ccskitten

ccskitten wrote: »

It's the same down in Somerset. I'm hoping this bank holiday kicks some life into the market

In saying that, I've had two viewings today, both booked last minute

Running_Horse

Assuming a fairly fixed pool of buyers, the viewers from earlier in the year have already seen your place, and either rejected it or offered on something better. What would tempt them back for another look?

Hoploz

They are on holiday. If it is a family house then even when people aren't actually away, they have the kids off school and are busy entertaining them so house hunting takes second place due to time constraints.

lincroft1710

Where have all the buyers gone, long time passing?
Where have all the buyers gone, long time ago?
Where have all the buyers gone?
Gone on holiday everyone.
Oh, when will they return?
Oh, when will they return?

jacko74

alchemist.1 wrote: »

We are still around just dont want to pay ridiculous prices.

Is the correct in answer in one simple sentence.

Unfortunately all the deluded vendors with their overpriced properties would rather think of every bizarre and obscure reason possible to try and account for the lack of interest in their houses.

indianabones

Many buyers on the market, as you may be aware there is a shortage of housing.


The reason why people aren't buying? Well why the hell should people pay stupid prices for shoe box size properties all over the country.


A 3 Bed semi with a side garage is usually on the market for £225k in an around Birmingham. No one I know would pay over £150k. So either the prices come down or we carry on waiting.


Are you like the market assuming people will pay ridiculous amounts?

GoldenShadow

True re prices I agree with that. The two we had offers accepted on had previously been sold STC but come back on the market. One went up in Feb at 225 went to 215 then sold for 210. Came back up middle of August and we are paying 210. I've seen houses around here disappear only to come back with an extra 10k added on..!

I feel like we could be overpaying at 210 but will see what the lender says. House is nice enough that personally I can cope with overpaying a bit just to have a 'home'. I don't feel like market offerings are going to improve drastically. I've actively RM stalked for two years.

Jon_B_2

indianabones wrote: »

Many buyers on the market, as you may be aware there is a shortage of housing.


The reason why people aren't buying? Well why the hell should people pay stupid prices for shoe box size properties all over the country.


A 3 Bed semi with a side garage is usually on the market for £225k in an around Birmingham. No one I know would pay over £150k. So either the prices come down or we carry on waiting.


Are you like the market assuming people will pay ridiculous amounts?

Well you can continue to wait for 3 bed semis to come down to £150k, but the chances are you'll be dead before that happens.

Mickygg

indianabones wrote: »

Many buyers on the market, as you may be aware there is a shortage of housing.


The reason why people aren't buying? Well why the hell should people pay stupid prices for shoe box size properties all over the country.


A 3 Bed semi with a side garage is usually on the market for £225k in an around Birmingham. No one I know would pay over £150k. So either the prices come down or we carry on waiting.


Are you like the market assuming people will pay ridiculous amounts?

So you are waiting for house prices to dip your way by a third? You'll be renting along with the people you know for ever.

I agree with some houses that are overpriced, but sometimes you have to pay the going rate to get what you want.