Time to drop the price ?

Cakeguts

The problem is that it is a 2 bed mid terraced on a busy road. Is it leasehold as well? These 2 bed houses are now only of interest to investors or 1st time buyers. You will probably have more interest if you can market it at a price where a couple on minimum wage jobs could afford to buy it and do it up. A 1st time buyer is only going to buy this if they can't afford anything better. An investor will buy it if they can let if for a good rent.

The kitchen needs to be sorted out so you have to allow for that in the price.

glasgowdan

I'm surprised a certain someone hasn't replied suggesting a price drop to 40k.

amateur_house

Three weeks isn't very long, and with the school holidays just starting maybe the market is a bit slower. How quickly are other houses in the area selling? There's not much priced less than your house within a 1/4 mile radius, and those are either shared ownership or need modernising.

Presentation will definitely make a difference, the main road will put some buyers off, but not all. Some houses in the area I'm looking have sold quickly despite being on main roads, (including a 2 bed mid-terrace with the door right onto the street) it just means waiting a bit longer for the right buyer.

Crashy_Time

Akahotpot wrote: »

Thanks for the feedback yes that's it ,and it does need tidying up but it is liveable in
Thought the price was fair compared to the condition and what this style of terrace sell for done up
I would rather drop the price that spend more as I dont have the time or the ability to renovate any more
Yes I do have mortgage on it but if I have to pull out I have to pull out cross that bridge if and when

I suppose the question is what do I drop it too to generate a sale ,,,so tricky this house selling lark:(

50k......?

cjmillsnun

glasgowdan wrote: »

I'm surprised a certain someone hasn't replied suggesting a price drop to 40k.

Crashy_Time wrote: »

50k......?

:rotfl: It was only a matter of time

00ec25

glasgowdan wrote: »

I'm surprised a certain someone hasn't replied suggesting a price drop to 40k.

cjmillsnun wrote: »

:rotfl: It was only a matter of time

like he says, the crash will come along eventually, that is a certainty, although CT is a lot more reliable in arriving sooner than his predictions are

i wonder if this thread will make it to the HPC forum, it is an open invitation to them surely

getmore4less

More like this inc SSTC and drop the bottom price to Zero

There are 2 at £65k SSTC
What are the real prices that are filtering through to the land reg?

What do they rent out for?
(to estimate what gross yield investors come in at)

always_sunny

Buy a big tub of white paint and paint it. The photos I think are not doing a good job, the place looks grubby and hostel like!

I am surprised how cheap it is compared to SE!

glasgowdan

00ec25 wrote: »

like he says, the crash will come along eventually, that is a certainty

What's your evidence for this?

Crashy_Time

cjmillsnun wrote: »

:rotfl: It was only a matter of time

Seriously, how much do you think it is worth?