Why is it so hard to sell a 3 bed semi in Leeds?

iantojones40

glasgowdan wrote: »

In that case you're an idiot.

We're in the house for life, hopefully 40 years plus. Bought in a popular area with a lot of competition (open day with 15-20 other viewers). We own 70% of it and the mortgage is half what our rent was for the last 6 months. We both work part time and still save between 1-2k a month.

You see, little man, panic is the last thing in my life ��

PS when's the house price crash happening?

I'll answer your last point first... at no point have I ever said I expect or predict any kind of house price crash, I've never even expressed the opinion that renting is better than buying.
Please feel free to trawl through all my previous posts to confirm this.

As for your ongoing claims as to your own situation... I simply find it extremely difficult to believe you, I can't understand why anyone who is as comfortable and secure as you claim to be would feel the need to devote so much time and energy to coming on here...
Constantly trying to ramp up the the market with predictions that recent levels of HPI are going to continue, apparently forever.
Encouraging anyone and everyone to buy at any cost.
Deriding anyone who suggests that a particular property, or the whole property market in general, is overpriced.
Disagreeing with anyone who suggests that rampant HPI is hugely damaging to the entire economy and detrimental to peoples standards of living.

If, and that's a BIG IF, your description of your current situation is true and accurate can you not see how much more comfortable and secure you would now be if HPI had stayed at the same level as general inflation and wage inflation in recent years?... You would be living in an even nicer house, entirely mortgage free with far more disposable income and be able to work even less than you claim to work now.

glasgowdan

Pop round for a cuppa then, pm me. Your obsession with hpc seems to have completely skewed your opinion of people.

Your claims above aren't true...unless you can provide quotes from me? Go on...

I'm just not the type of person who constantly thinks "I could have a bigger house if x, y, z". I don't care about it, trying hard to wait for the perfect house price to buy. Life's short, I've a beautiful toddler, wife, and a baby due in 3 weeks and they're all I care about. My work is seasonal and I'm now putting my feet up until mid Feb. Wife is now off for a year maternity and our large house in one of the best school catchment areas in scotland is costing us buttons.

I've been on this forum for years and enjoy reading it. Everything you've said above is made out to be more dramatic than it is. "Devote so much time and energy", "Constantly trying to ramp up the market", etc. I don't try to ramp up anything, I just state the observations I'm seeing (i.e. facts). My view isn't blinkered, unlike yours and Mr crashy legend. You slot in well to the category "HPC goon", keep up the good work.

PS I also find some people on here quite amusing.

davgray

Should be ok by the sounds of it if there is a stagnation or reduction in prices in your situation then. Guess you would then in theory support it if it did happen and it would help the younger generation getting a home without having housing debt until they die.

TBeckett100

Problem with cheap houses up north is spending money (say) 30k on new kitchen and bathroom will not add all that value and given prices up north, it will take a significant time to recoup the investment

In the south, 30k may represent 3% which will be recouped easily

Bluebirdman_of_Alcathays

TBeckett100 wrote: »

Problem with cheap houses up north is spending money (say) 30k on new kitchen and bathroom will not add all that value and given prices up north, it will take a significant time to recoup the investment

In the south, 30k may represent 3% which will be recouped easily

Most people buy a home to live in not as an investment, pretty sure that's the same in the north too.

StumpyPumpy

TBeckett100 wrote: »

Problem with cheap houses up north is spending money (say) 30k on new kitchen and bathroom will not add all that value and given prices up north, it will take a significant time to recoup the investment

In the south, 30k may represent 3% which will be recouped easily

When it came to me selling a house "down south" recently I asked the EA whether or not it was worth getting the, admittedly tired and dated, kitchen and bathroom refitted. His response? Good God, no. Everyone has different ideas about what they want and most people will rip them out as soon as they move in: it won't add anything to the value.

And lo, when it sold (11 days after first being placed on the market) it was for the highest amount any comparable home in the area had ever sold for and having seen the buyer's plans I can honestly say they are nothing like what I would have had done.

So my experience and the experience of the agent would suggest that a belief that you will recover the price of a new kitchen in a future sale is misguided to say the least. Fit a kitchen because you want to have and use a new kitchen, not for any other reason.

SP

societys_child

30k for a kitchen . .

suki1964

TBeckett100 wrote: »

Problem with cheap houses up north is spending money (say) 30k on new kitchen and bathroom will not add all that value and given prices up north, it will take a significant time to recoup the investment

In the south, 30k may represent 3% which will be recouped easily

Who in their right mind will put 30k of kitchen in a house they are selling ?


!!!!!! I only spent 10k on my kitchen in my forever home

glasgowdan

The 30k comment actually said 30k kitchen and bathroom, but still... more like £15-18k for a couple of really good quality rooms I'd suggest.

Crashy_Time

StumpyPumpy wrote: »

When it came to me selling a house "down south" recently I asked the EA whether or not it was worth getting the, admittedly tired and dated, kitchen and bathroom refitted. His response? Good God, no. Everyone has different ideas about what they want and most people will rip them out as soon as they move in: it won't add anything to the value.

And lo, when it sold (11 days after first being placed on the market) it was for the highest amount any comparable home in the area had ever sold for and having seen the buyer's plans I can honestly say they are nothing like what I would have had done.

So my experience and the experience of the agent would suggest that a belief that you will recover the price of a new kitchen in a future sale is misguided to say the least. Fit a kitchen because you want to have and use a new kitchen, not for any other reason.

SP

Agreed, the "home makeover" TV shows (brainwash) over the last decade and a half have a lot to answer for. People are buying location, schools, size, good area, value for money etc. not a kitchen or a bathroom.