Market state for selling

ianG

Just wondering if I am alone in thinking that the property market in northern home counties where we live (South Beds/Bucks) is dead? We have had the house on the market since early Dec '17 and had one booked viewer who was a no-show. He rebooked and again failed to turn up! And that is basically it.

We are with an on-line agent having had 3 valuations from local EAs and the on-line people came up with a very similar figure. There was an identical property sold just round the corner that had a garage conversion and new kitchen that went for 15k more than my asking price (well I am now saying OIRO now but still no interest).

The location is a cul-de-sac, near schools, walking distance to the mainline station, 1/2 hour to Euston, driveway parking for 2 cars.... etc etc. So what's up? Price? I was told that a reduction of 2% will trigger an alert for watchers, but that will mean a 7k drop.

TIA.

Crashy_Time

Drop the price.

chelseablue

Can you post a rightmove link to it?

ianG

chelseablue wrote: »

Can you post a rightmove link to it?

http://www.rightmove.co.uk/property-for-sale/property-52108125.html

Price comparison
http://www.rightmove.co.uk/house-value.html?searchLocation=LU7+2TH&displayPropertyType=detachedshouses&bedrooms=3&radius=0.5&sellersPriceGuide=Update+Results

ReadingTim

Traditionally the market slowed down in the winter, although with the rise of the internet that may no longer be the case - the likes of Rightmove claim that either Christmas Day, Boxing Day or New Year's Day are some of their busiest in terms of visitors to the site. But then again, they would say that wouldn't they?!?

Also, it may be £7k, but it's still only 2%. You're still left with the other 98%, which is over three hundred and forty thousand pounds. Don't fall into the trap of knowing the price of everything, and the value of nothing.

Crashy_Time

The price is just silly for what it is, sorry.

ReadingTim

Talk us through the thought process which led to picture No. 2 being placed where it is.

Or even being taken at all...

Crashy_Time

ReadingTim wrote: »

Traditionally the market slowed down in the winter, although with the rise of the internet that may no longer be the case - the likes of Rightmove claim that either Christmas Day, Boxing Day or New Year's Day are some of their busiest in terms of visitors to the site. But then again, they would say that wouldn't they?!?

Also, it may be £7k, but it's still only 2%. You're still left with the other 98%, which is over three hundred and forty thousand pounds. Don't fall into the trap of knowing the price of everything, and the value of nothing.

Great. Pity property is a very illiquid investment, difficult to sell in downturns It is only worth what someone will pay I`m afraid.

ReadingTim

Crashy_Time wrote: »

Great. Pity property is a very illiquid investment, difficult to sell in downturns It is only worth what someone will pay I`m afraid.

I refer you to the sentence after the part you put into bold.

Crashy_Time

ReadingTim wrote: »

I refer you to the sentence after the part you put into bold.

Well yes, "value" is one part of the equation here that has gone badly astray.

chelseablue

My first thought when looking at the floor plan was that the kitchen is very small for a 3 bed detached house, appreciate you cant do much about that though without spending ££££ on it.

A lot of families dislike having to eat in the living room, they'd want a separate dining room or kitchen/diner