What should i expect? selling

kodokan

Yeah, what Doozer said, having the photos from that height makes the rooms look smaller, as the furniture 'looms'.

And (very very minor, but while they've got the web page open) perhaps remove the reference to 'family' in the bathroom - whether your target market is single people or retirees, it definitely ain't families!

Otherwise, seems nicely presented, don't know the area I'm afraid, so can't comment on price, so just compare to others and have a look through the paper for the local salary levels (the buyer probably won't have an equity unless they're downsizing/ divorcing).

Good luck

kodokan

mike5531

thanks for your comments i agree with what you say about the pics they are a bit low i will ring in the morning and sort it also with the description of the bathroom and you are right about the main pic i never thought about that.

SquatNow

I hate to state the obvious but your flat is only worth what someone will pay you for it. To be frank, this rule kinda applies to most things.

You may *think* it is "worth" £120,000 but apparently that is not the case, else it would have been bought within days. If it was priced £2000 less than a similar properties "value" but in better condition it would have been snapped up.

If you want to sell quickly you will have to knock a significant amount off the price, and keep knocking down the price at regular intervals until someone buys it. Try knocking it down to £99,999. Start dropping your "desired value" until it reaches the "market value".

Until you find a buyer and the cash is in your bank account, the house is worth precisely £0

Doozergirl

SquatNow wrote: »

I hate to state the obvious but your flat is only worth what someone will pay you for it. To be frank, this rule kinda applies to most things.

You may *think* it is "worth" £120,000 but apparently that is not the case, else it would have been bought within days. If it was priced £2000 less than a similar properties "value" but in better condition it would have been snapped up.

If you want to sell quickly you will have to knock a significant amount off the price, and keep knocking down the price at regular intervals until someone buys it. Try knocking it down to £99,999. Start dropping your "desired value" until it reaches the "market value".

Until you find a buyer and the cash is in your bank account, the house is worth precisely £0

I hate to state the obvious as well, but you've just posted exactly the same on another thread but changed the price Nice to see see you've tailored it to be personal to the OP :rolleyes:

SquatNow

Slightly different wording to, but yes, partially copied/pasted... because it's valid in both cases.

It is a good example of the problem with our society that I *NEED* to post it more than once... the "my house is worth x because I say so" clan are running around screaming because no-one will buy their houses from them at the price they think they are worth. The sooner someone tells them that their "paper wealth" doesn't actually exist the better.

Claims that britain has "never been so wealthy" are entire based upon "imagined" house values. Those house values will, as a whole, never become real money. They can't. If everyone wants to turn their houses into cash, no-one would be buying. Thus they arn't worth that much.

Example:
If I stuck a "£1million" price sticker on a cardboard box with feaces in it, it isn't actually *WORTH* £1million, until someone pays me the £1million. But would I be able to withdraw £60k in equity from my crap-in-a-box to buy a 4x4? What if I get an estate agent to say my crap-in-a-box was worth £1million. Would you beleive the estate agent? Would you lend to me? Would you buy it off me for £1million simply because the estate agent says so. Would you buy it off me for £1million if the estate agent said it has gone up in value by 20% this year and would keep increasing in value forever? It's an extream comparison but a financially valid one.

Incidently if anyone wants to buy a turd in a box for around £1million I'm willing to negotiate. Come one there bound to be a BTLer out there that want it... it went up in value by 150% in the last 5 years.

elliemay30

mike5531 wrote: »

Ok so this is the first time i have ever put a property up for sale, what should i expect? its a one bed flat and its been up for one week should i have herd anything yet i have had no viewings or arranged any viewings i want to move quickly. there are two other flats up for sale in four blocks mine is just under £2000 over their asking prices, but mine is in great condition and needs nothing doing to it, the other two need a bit of work.
am i expecting to much too soon?

Hi Mike,

I'm an Estate Agent (not a local one to you - never even heard of where you live sorry!) and I thought you might find this link helpful. You may already be aware of it but if not, click on the link, pick which street you live in then hit go. You will then be given a list of all the properties which have recently sold in your street and at what price. This should then give you a good indication of whether or not you are on the market at a good price. I actually use this site regularly as a back up for my market appraisals (pricings on properties I go out to) and it gives me a bit of back up when I go along and find that another agent has 'over priced'. It's a useful site and I hope you find it as useful as me.

elliemay30

mike5531 wrote: »

Ok so this is the first time i have ever put a property up for sale, what should i expect? its a one bed flat and its been up for one week should i have herd anything yet i have had no viewings or arranged any viewings i want to move quickly. there are two other flats up for sale in four blocks mine is just under £2000 over their asking prices, but mine is in great condition and needs nothing doing to it, the other two need a bit of work.
am i expecting to much too soon?

Hi Mike,

I'm an Estate Agent (not a local one to you - never even heard of where you live sorry!) and I thought you might find this link helpful. You may already be aware of it but if not, click on the link, pick which street you live in then hit go. You will then be given a list of all the properties which have recently sold in your street and at what price. This should then give you a good indication as to whether or not you are on the market at a good price. I actually use this site regularly as a back up for my market appraisals (pricings on properties I go out to) and it gives me a bit of back up when I go along and find that another agent has 'over priced'. It's a useful site and I hope you find it as useful as me. Here's the link: http://www.nethouseprices.com/index.php?con=sold_prices_street&cCode=EW&postcode=M419HH

mike5531

squatnow, why would i want to knock the price down to 99k that would mean it has decreased in value since i bought in 2005 at 104k! i know its value is only what someone will pay for it but people who want to live in urmston will pay around my asking price, i appreciate that my asking price may be a bit too high maybe by 2k and i will lower it in time.

Doozergirl

Congratulations, Squat Now, on undermining any point it was that you were trying to make. :rolleyes:

EM1

The fact that the two flats that have sold in your block this year went for £83k and £90K might have some effect on your ability to sell at £119K.

The £90k one sold in June.

If you find a buyer at your price they may have trouble with their mortgage valuation.

Sorry. I hope you do sell. It's a horrible business.