Fussy ftb

LEJC

Penitent wrote: »

Why is it wrong for FTB to be fussy (beyond "I want them to buy my house and they won't")?

They're spending a lot of money--more than they've ever spent on anything--and taking on the largest debt they've ever had via the mortgage. They want to get their money's worth. They want to make sure they're not going to be saddled with an albatross that'll take them years to sell when the time comes for them to upgrade to something bigger.

Is it possible that the problem is that when you bought, you weren't fussy enough?

I have to agree with you on this...as a FTB the biggest thing they may have spent money on prior to this property would be a car....and now the OP is asking me to park in a permit controlled area which may not be adjacent to the property....

Fussy...sorry.

Rosieandjim

I also have to agree with the above 2 in that if I were a first time buyer I would not want to buy knowing that I may have students or renters around me.


I would also be worried about the Grade 2 listing and what the implications of that was going to be. And then the problems with parking.

Time2go

unless you live in suburbs 90% of city is permit parking and at £30 a year quite reasonable. Some of new build in city don't come with a space or permit parking.

This I think sums up some of the problem -people wanting things you can't have . For example wanting tons of parking in middle of city centre, wanting a property with character but no work etc etc.

It's not a problem if you want something as a criteria just gets a bit boring getting ready for a viewing then they say ooh x y z as a reason when it all obvious from details.

For example we had one person come round and said communal area needed tons of work. Next viewer said how lovely it was ???

And for those that question price why would a developer (that wanted to turn it into a two bed) make a good offer based on asking price if it was priced wrong ????

aneary

You are unlikely to sell you haven't listened to anyone's advise.

Up for sale for 2 years it's overpriced it's very simple.

Slinky

Have you tried speaking with whoever bought the upstairs flat and seeing if they are interested in yours also seeing they are investors?

LKRDN_Morgan

Time2go wrote: »

unless you live in suburbs 90% of city is permit parking and at £30 a year quite reasonable. Some of new build in city don't come with a space or permit parking.

This I think sums up some of the problem -people wanting things you can't have . For example wanting tons of parking in middle of city centre, wanting a property with character but no work etc etc.

It's not a problem if you want something as a criteria just gets a bit boring getting ready for a viewing then they say ooh x y z as a reason when it all obvious from details.

For example we had one person come round and said communal area needed tons of work. Next viewer said how lovely it was ???

That's called an opinion. We've all got them and they can all differ. You're not listening to what anyone saying. If you want to sell the biggest factor is the price. If you can't budge then that's not the fault o

And for those that question price why would a developer (that wanted to turn it into a two bed) make a good offer based on asking price if it was priced wrong ????

But it didn't get any further than an offer therefore it's a moo point. Why is it so hard for some sellers to accept the pricing is wrong? If it was priced correctly it would have sold by now. Just because you can't go below 95k doesn't mean Plymouth is full of fussy first time buyers with unrealistic expectations. It just means you can't afford a drop. Simple as that.

Red-Squirrel_2

Time2go wrote: »

unless you live in suburbs 90% of city is permit parking and at £30 a year quite reasonable. Some of new build in city don't come with a space or permit parking.

This I think sums up some of the problem -people wanting things you can't have . For example wanting tons of parking in middle of city centre, wanting a property with character but no work etc etc.

It's not a problem if you want something as a criteria just gets a bit boring getting ready for a viewing then they say ooh x y z as a reason when it all obvious from details.

For example we had one person come round and said communal area needed tons of work. Next viewer said how lovely it was ???

And for those that question price why would a developer (that wanted to turn it into a two bed) make a good offer based on asking price if it was priced wrong ????

For whatever reason, you haven't been able to sell this flat and you've been trying for 2 years.

Having a counter argument to every flaw that a viewer might find isn't going to sell it, is it?

Redacted

Your problem is competition in your target market. There are currently 373 properties listed for sale in Plymouth up to £100,000 including those SSTC. 153 of them are SSTC. 329 of them are flats. 127 have 2 beds or more. 267 of them are £90,000 or under.

Land registry shows 294 flats have completed sales in Plymouth since 01/01/17.

It's not that flats aren't selling in the area....you're going to have to work out why your specific flat isn't selling.

Time2go

Actually it did go further than an offer but they pulled out due to incorrect info. Once we get lbc they may actually decide to go ahead with purchase ? And if it was so overpriced flat above wouldn't have sold for so much over asking price ?

If it was simply price we may have reduced and cut out losses. We have had in region of ten estate agents to value over last two years including a professional auctioneer and all agreed it's priced to sell. Similar properties with more work requited have sold in area for lots more (although before stamp duty change).

I have watched prices in area for last 5 years like a hawk believe me I know more about what's coming on and off market than a lot of estate agents out there.

Unless you know the market or live in the area it's very easy to say oh it's too expensive or x or y or z.

However a few of the posts have been helpful and given us food for thought.

We are going to press on with the work as soon as we get buildings consent which should be in a couple of weeks. Just with two kids would have prefered to sell for less and not have to do the work

LadyL2013

Most people would love to be FTB but most of this generations FTB can't afford to buy. It's not that FTB are fussy, but they can't actually afford to buy at all! And when they can afford to buy most are at an age where they want to start a family and therefore need multiple bedrooms.

I find it odd how you're first assumption is that it's fussy FTB and not overpriced or investors not being interested or normal buyers just no fancying it.