Anyone else still trying to sell in London?

MockTurtle

Crashy_Time wrote: »

Can you post a link to something you consider "dirt cheap" please.

Does a 2-bed terrace for £50k count as 'dirt cheap? I suppose it does when it's a quarter of the price of the cheapest equivalent listed on Rightmove in London (well, Chingford - can that really be classed as London?).

http://www.rightmove.co.uk/property-for-sale/property-62337647.html

Cakeguts

A property is only worth what someone will pay for it. It isn't worth what the agents think they would like it to be worth. So whatever price you have at the moment is more than anyone will pay you for it. What you have to do is to work out what price someone will pay for it. You have had very few viewings so you can safely say that not many people are interested in it. Every property has its price. If you find out what the price is for your property you will sell it.

Crashy_Time

MockTurtle wrote: »

Does a 2-bed terrace for £50k count as 'dirt cheap? I suppose it does when it's a quarter of the price of the cheapest equivalent listed on Rightmove in London (well, Chingford - can that really be classed as London?).

http://www.rightmove.co.uk/property-for-sale/property-62337647.html

50k would be better off in premium bonds than that, or spent on horses and drink :rotfl:You will need to do much better than that.

sheff6107

I don't know what the market is like in your area but a lot of sellers would give their eye teeth for 2 offers.

Maybe just drop the price by 2% so you'll go back up to the top of the Rightmove listings?

Crashy_Time

Cakeguts wrote: »

A property is only worth what someone will pay for it. It isn't worth what the agents think they would like it to be worth. So whatever price you have at the moment is more than anyone will pay you for it. What you have to do is to work out what price someone will pay for it. You have had very few viewings so you can safely say that not many people are interested in it. Every property has its price. If you find out what the price is for your property you will sell it.

Not always, there are many factors at play, credit availability, sentiment, the economy and jobs etc. People are not constantly out looking for property at the right price, because really there is no shortage of property, as will soon be dramatically underlined as the Great BTL sell off gets going.

Surrey_EA

sidewinderflame wrote: »

I've spoken to my agents loads who are one of the bigger/main agencies and they have told me that the price is correct and that my property shows extremely well. Having reasearch others in the area I tend to think the same.

At the risk of sounding facetious, it's always the price.

Somewhere between £0, and whatever your asking price is, there is a buyer out there.

That's a pretty poor number of viewings for that length of time, which suggests there is something stopping prospective buyers coming to look around.

sidewinderflame

Thanks for all your thoughts and posts.

I do understand about the price but I did have an offer just below it and would have sold at that had their sale not fallen through and I am always happy to accept offers below the asking price. I could drop the price and yes if they're getting a bargain it will sell but I don't want to sell it for less than it's worth. My estate agents actually told me to put it on for more initially but after doing my own research and looking at what other properties were on for in the area I plumped for a slightly lower figure.

I am seeing properties sit on Rightmove for about the same amount of time as mine round here (North London) and they are at all sorts of prices low to high and I am told by my agent that it is completely dead.

My question really is whether changing agency can make any difference to people coming through the door. A different agent would essentially market it the same way but they may have existing people on their books who don't use Rightmove or Zoopla (unlikely). Would changing agent in the New Year open my proeprty up to other buyuers or essentially are we all one and the same these days?

sidewinderflame

"and the OP wondered why their bank "undervalued" a house from this builder, no conspiracy theory or end of the world stuff involved."

I'm confused, did you post in the wrong thread?:)

Bluebirdman_of_Alcathays

So what happens if the market is dead? You sit there with your property on the market and it doesn't sell? Someone else will blink first and lower the price. That instantly means yours is now overpriced. On 99.9% of these threads the answer is price, unless you post a revelatory right move link I'm pretty sure this one will go in that category.

Your point about agents is a non starter. Almost everyone just uses zoopla or rm these days. The alert system means you don't even need to scan it every morning if you're house hunting it's great.

Elfbert

I'm in a dull bit of West London in a flat.

Had 11 viewings in the first 5 days, 8 people who were interested and 5 people who offered.

Got to be the price! Even if there's something hideous about the flat, it would be snapped up if it was the right price.

Going to put up a RightMove link so people can give advice?