No viewings in 6 months

AdrianC

kinger101 wrote: »

Crashy and I hardly ever agree, but he has very valid point. Cleaning the fridge door isn't going to alter the fact it's way overpriced.

<nods> Stopped clock, an' all.

BMTH

lincroft1710 wrote: »

Which proves my point it is a poor design, as a 1 bed it would just be small at that size.

That's not my fault darling. Would you like me to let the developers know on your behalf?

LannieDuck

BMTH wrote: »

Wonderful reply, I will certainly look into a few of these things.

If I sack the agent I've lost £800 and going to a local EA will be another £1-2K. How about just leaving the pictures and dropping 5 grand for now?

The EAs I used didn't take their fee until it sold. Would it be worth another £1-2k to actually find a buyer?

At least get a local EA in to give you an estimate. If they think they can sell it at the current price I would give it a whirl before dropping it £5k.

Cakeguts

It looks like student accommodation to me or a bedsit. That kitchen is about the size of a kitchen in a bed sit. What people are generally looking for is something that is spacious. So if you have something that is really small you want to make it appear bigger than it is.

Start with the bedroom. That bed almost fills the room. What it needs in there is a small double so that you can walk all the way down both sides. At the moment the bed fills the room and it makes it look smaller than ever.

The living/kitchen/dining room has a 3 seat sofa in it. So you have straight away got something common that people can estimate the size of and compare to the size of the room. It looks as if you can't get any seating furniture in there because there is only 1 sofa. What there should be in there are modern designer type single chairs not the bulkiest furniture on earth. If you have separate chairs you then have side tables rather than a great big coffee table if you do it properly you should even be able to get a small dining table in there but it needs thought. The second bedroom is too small to be used properly as a bedroom and if two people shared that flat the kitchen isn't big enough for both of them to cook in it. The size of that kitchen is only suitable for one person so this is really going to be viewed as a 1 bed flat with a study because if you wanted a real 2 bed flat you could find one in the area for less.

It is not suitable for people downsizing. It is too small. I know someone who lives in a 1 bed retirement flat and it is much bigger. Even the kitchen is bigger.

It is a very small 1 bed flat suitable for someone with not that much stuff. So probably someone who hasn't had much time to collect it. Someone moving out of their bedroom in their parents home perhaps? 1st time buyer with not much money buying for themselves to live in as the first step from living at home with their parents. You will be able to work out what they can afford by looking at the salaries of the target buyer. That will tell you how much you will get for it.

Lazarus_Blackstar

BMTH wrote: »

Not sure there's any need for that. Is the smeary fridge and grotty sofa gonna be staying there if you moved in? I'm not asking for individual pick outs of my furniture, just wanted a general idea of why no viewings, ok, the price is the main issue.

The thing is, when most people are house-hunting, if they are looking online and see a property not presented very well, then they will generally probably just scroll past & view the next listing.
I bet 99% of the time the set out and presentation is what gets people through the door. As well as the price.

Maybe just a rethink on how your flat looks to an outsider is what's needed. Make it more homely and cared for (not a criticism in any way) by adding a nice cream throw with cushions on your sofa, reposition sofa if you can, maybe adding a little colour to the kitchen/bedroom/bathroom, moving the bed away from the wall if possible or move to another position etc. Even though a buyer would be buying an empty flat, these little things do matter.
First impressions are the key here.

Please do not be put off by comments on here, it's a public forum and people are going to be positive AND negative.
Good luck.

phoebe1989seb

Lazarus_Blackstar wrote: »

The thing is, when most people are house-hunting, if they are looking online and see a property not presented very well, then they will generally probably just scroll past & view the next listing.
I bet 99% of the time the set out and presentation is what gets people through the door. As well as the price.

Imho this is especially true with a fairly standard type property such as the OP's, where the pool of potential buyers will have loads to choose from. You need yours to stand out from the crowd - and not in a bad way

That's where a good EA is worth their weight in gold. Professional photos, well-written description and advice on presentation all makes a huge difference to getting punters through the door......or not.

Not to mention price.

I know online EAs have their fans - I'm not one - but I firmly believe they work best in situations where the property in question will sell itself. I don't think evidence in this case supports that this is such a property.

Time to move to a good high street EA, new photos.........and a further price drop.

Good luck OP!

nubbins

To be honest OP I think the majority on here are right and the price is too high for the size especially when you look at what has sold around you.. One thing I will say is that whilst the onliners maybe cheap I am not sure they are worth the money in some cases. My only experience with them is a rental property I tried with Hatched, listed for £1300, 2 months, 2 enquiries and no takers, 1 week after listing with a local EA that had most of the local market it was taken at £1395. Drop the price, lose the £800, go with a local EA and get a sofa cover, and all the other bits people have recommended. Good luck

getmore4less

Buyers don't just look at one source

they have to actively look for yours and get interested

those wandering into the EA offices will be getting the harder sell come and look at this even stuff they might not want like those smaller than yours making yours look comparatively better.

Given a like for like situation the seller with the local EA is going have someone eager for their commission, the guy showing them yours has made his money.

you could go round the places in your block and ask those that have bought why they chose what they did.

Marvel1

2 things put me off:

1. Too close to the river.

2. Living room and kitchen in the same room.

getmore4less

what do they rent for?

That will give an idea at what level investors would consider it.

400pm would be a 5% yield on £97k