Selling house - market slower?

budget_counsellor_shaz

Terry_Tibs wrote: »

Are you after a date son? The pharking South pharking West, talk to me.

Well I lived in Somerset. I have friends there they are not finding it easy to sell. You must live somewhere else in the south west. Why won't you tell me most towns have a lot of people..........

Ah you must be in Cornwall thats very south west:rotfl:

ivegotabig1

House prices will reduce by probably 5% per annum for the next 4 yrs or so IMO...Not a "Crash" taken on its own merrit but a significant reduction overall non the less..& that comes from a house owner !!! ...But hey, if I move up it will ofcourse mean my next property is cheaper also !!!
In the Spring A guy at work was boasting how his property had gone up 15k over xmas..Only to moan how his ideal home was now beyond his reach !!! .....You just cannot credit them can you !!!!..Time to realise guys & gals..ITS OVER !!! the property money for nothing had to end some time, either that or a 3 bed semi would be worth 500 k in a few yrs !!!
The Economy is set to turn a little sour next yr too !! Combine that with a Significant tightening of Lending criteria, you dont have to be Einstein to see where its going !! Just like the U.S ..The debate will ofcourse rumble on depending on your personal circumstances..I.e Owners V's FTB...I prefer to stand back a little & come to an objective conclusion ..

WTF?_2

Curv wrote: »

LOL

I'd love to be making £60k. All I want is to achieve enough to enable us to move up one rung of the 'ladder' and give us the space we'd like. But it seems as if buyers want blood with it too and we aren't going to cripple ourselves with unrealistic mortgage payments just so that someone else can bag themselves a bargain. If there's no compromise I'd rather stay put.

Rrrrright - so when you buy your next house you'll be looking to pay as much as you possibly can so that the vendors can maximise their profits?

Just as people will be offering less on your gaff, you should be able to get a better deal on your next place. Falling house prices make that extra amount less - the steps of the 'ladder' get closer together, so good news for you.

Obviously you don't want to undersell your house but take into account the general market when you're working out how much you are prepared to sell for.

stevie_wonder

regularsaver1 wrote: »

Stevie - I live in Cosham, so right near you. We have just put an offer on a house in Baffins for £220k with extention- this has a garage and off-road parking. I agree this so so matters. I have not reallly seen properties in North End of that value though? But your house does look lovely.

I lived in North End as a child and I work therte, but it is not the best area. My boyfriend totally did not want to live there so took North End out of our search. Most people look at Southsea. I don't think you are alone in this area at the moment, after speaking with some people.

The problem of parking is Portsmouth wide. Those with off road parking or garage will deserve a premium price, but otherwise you need to go off the island to get the space/parking.

I rented in Southsea (essex road) and loved the area, but couldnt get as much space as I have now for less than £275k.

North End is good on the whole, with some good some bad, so dont agree about the "not the best area" bit - depends where you mean (I'm in the good bit of course!;) ). If you search on rightmove for PO2 there are at least 6 pages of 3 bed houses priced above ours, so I think we are value for money. But you really need to compare against houses in the neighbouring roads, as taking the whole post code isnt a true comparison I realise!

You're lucky if you've got offroad and garage in Baffins cause its much the same as Copnor or North End - look at Dover/Folkestone Road - there's no parking down there!

SquatNow

Your asking too much money. You need to drop the price.

Houses, like anything else, are only worth what someone is prepared to pay for it. You think it's worth £205k. Buyers think it worth less. You need to narrow the gap between what YOU think it's worth and what BUYERS think it is worth. Unless you are planning to hold a gun to someones head you cant FORCE them to pay you £205k for it...

Drop the price by £10k a fortnight until you get an offer.

Remember: Until you have the buyers cash in your bank account, your house is worth precisely £0.

merlinthehappypig

budget_counsellor_shaz wrote: »

Well I lived in Somerset. I have friends there they are not finding it easy to sell. You must live somewhere else in the south west. Why won't you tell me most towns have a lot of people..........

Ah you must be in Cornwall thats very south west:rotfl:

I'm Somerset too, shaz (Exmoor/Minehead). Asking prices definitely reducing here. Local paper in early August had 11 price reductions, same time in September there were just over 20, early October 52 and 10 or so 'unexpectedly back on the market'. We won't know the true picture for some months relating to actual sale prices, but it has become much more of a buyers market here.

regularsaver1

stevie_wonder wrote: »

The problem of parking is Portsmouth wide. Those with off road parking or garage will deserve a premium price, but otherwise you need to go off the island to get the space/parking.

I rented in Southsea (essex road) and loved the area, but couldnt get as much space as I have now for less than £275k.

North End is good on the whole, with some good some bad, so dont agree about the "not the best area" bit - depends where you mean (I'm in the good bit of course!;) ). If you search on rightmove for PO2 there are at least 6 pages of 3 bed houses priced above ours, so I think we are value for money. But you really need to compare against houses in the neighbouring roads, as taking the whole post code isnt a true comparison I realise!

You're lucky if you've got offroad and garage in Baffins cause its much the same as Copnor or North End - look at Dover/Folkestone Road - there's no parking down there!

I know - I lived in North end and the street had to be made a one-way as it was a night-mare. I guessed from your pics iot was the best best - but as you know wherever you go you get the best bits and the not so best bits - Southsea being an example.

I did look again at Rightmove last night as your right I did see properties asking a lot higher, so I hope you find someone

stevie_wonder

2 offers at asking price - sale back on! We've accepted the offer with a FTB no chain!

Doozergirl

Fingers crossed for you this time

nollag2006

That's fantastic news Stevie !!

I know in my own local area, Harpenden, that good size family houses ar still going at full asking within weeks, while flats are sticking...