Selling Flat - No Viewings

Owain_Moneysaver

Crashy_Time wrote: »

Yes, far better to hunt down the large elephant that is hiding in a cupboard somewhere and deal with that first..;)

If there's a cupboard that's large enough for an elephant that really should be highlighted in the listing.

Or is that the second bedroom?

Crashy_Time

Now that endless HPI isn`t a given, and negative equity is a reality for many, buyers will no longer over-look things just to "get on the ladder", they want value, and will see through descriptions that present a house as something it isn`t. The best method to secure a sale is adjusting the price IMO.

Mutton_Geoff

Crashy_Time wrote: »

negative equity is a reality for many

I had to read twice to check your post wasn't dated 2008.


Do you have any evidence that "negative equity is a reality for many"?


According to its latest House Price Index, average prices have grown by 2.6% over the past 12 months


I appreciate that you personally have missed the boat but is it fair to regularly and single handedly try to depress the market in the hope that something may become affordable for you?

Crashy_Time

Mutton_Geoff wrote: »

I had to read twice to check your post wasn't dated 2008.


Do you have any evidence that "negative equity is a reality for many"?


According to its latest House Price Index, average prices have grown by 2.6% over the past 12 months


I appreciate that you personally have missed the boat but is it fair to regularly and single handedly try to depress the market in the hope that something may become affordable for you?

When the market collapses many recent buyers won`t have missed the boat, they will have sunk the (their) boat. Are you denying that there are people in negative equity and parts of the country where prices are lower than a few years ago?

Mutton_Geoff

Crashy_Time wrote: »

When the market collapses many recent buyers won`t have missed the boat, they will have sunk the (their) boat.

You've been wishing this for sometime, but unfortunately there is a shortage of property in this country (in most areas) and an economy that hasn't supported your dream for a decade. I have no doubt there will be another correction, one from which the market will again correct itself but a regular house buyer, of which I guess you are not, need not concern themselves since the property will primarily be a home not an investment and they will only stand to lose if they are forced to sell in a depressed market possible due to one of the 3Ds.

Crashy_Time wrote: »

Are you denying that there are people in negative equity and parts of the country where prices are lower than a few years ago?

Nope, but the OP is near Woking, an area that I am very familiar with (even been in the pub opposite many times). House prices in that area (specifically flat prices) have risen 281% in 20 years, 3% in a year (which is faster than most people could save that amount of money) and even taking into account the last crash, risen 28%. (Source Zoopla).


The ones that will get burnt are the people who buy, witness a correction then are forced to sell. The people who hope and wait for a correction stand to lose out as prices continue to rise.


What's the point of celebrating a 20% crash when you waited 10 years for it and the property is still 10% more expensive than when you first had eyes on buying?

Crashy_Time

Mutton_Geoff wrote: »

You've been wishing this for sometime, but unfortunately there is a shortage of property in this country (in most areas) and an economy that hasn't supported your dream for a decade. I have no doubt there will be another correction, one from which the market will again correct itself but a regular house buyer, of which I guess you are not, need not concern themselves since the property will primarily be a home not an investment and they will only stand to lose if they are forced to sell in a depressed market possible due to one of the 3Ds.





Nope, but the OP is near Woking, an area that I am very familiar with (even been in the pub opposite many times). House prices in that area (specifically flat prices) have risen 281% in 20 years, 3% in a year (which is faster than most people could save that amount of money) and even taking into account the last crash, risen 28%. (Source Zoopla).


The ones that will get burnt are the people who buy, witness a correction then are forced to sell. The people who hope and wait for a correction stand to lose out as prices continue to rise.


What's the point of celebrating a 20% crash when you waited 10 years for it and the property is still 10% more expensive than when you first had eyes on buying?

Even on here, where lets face it the majority have property debt and want endless HPI it seems, Zoopla isn`t regarded as a very good source of information.