House on market for long time - red flag?

Crashy_Time

Or just link to a similar property in the area so we can see how much over-priced it is.

hazyjo

Crashy_Time wrote: »

Or just link to a similar property in the area so we can see how much over-priced it is.

Dunno why you're so obsessed with links - without knowing the local area and market, etc, it's impossible to say without research. I might suggest that something is overpriced, but I wouldn't ask to even see a link without knowing the area. You can't just knock £40k-ish off every link people put up and say there, that should be your price!

Crashy_Time

hazyjo wrote: »

Dunno why you're so obsessed with links - without knowing the local area and market, etc, it's impossible to say without research. I might suggest that something is overpriced, but I wouldn't ask to even see a link without knowing the area. You can't just knock £40k-ish off every link people put up and say there, that should be your price!

Why not, most property isn`t that special, most people know that when rates rise that extra "value" is gone anyway? RM Feb asking prices are at the lowest level on record I hear?

hazyjo

Crashy_Time wrote: »

Why not, most property isn`t that special, most people know that when rates rise that extra "value" is gone anyway? RM Feb asking prices are at the lowest level on record I hear?

I have been saying prices will be static and drop slightly before and after brexit for ages (that does not mean I agree with what you constantly say). But it does not apply to all areas. Not every house that won't sell immediately is overpriced. Markets are generally slow so logically it will take longer. Without knowing an area, I would never profess to being able to value a property.

caronoel

hazyjo wrote: »

Without knowing an area, I would never profess to being able to value a property.

These sort of nuances dont bother Crashy

He has been professing the world is about to collapse for donkeys years, having sold up his flat in the mid-90s and moving into rental to wait for the crash that never came...

Marvel1

Buttercups2018 wrote: »

The property is currently rented

This puts me off straight away.

hazyjo

caronoel wrote: »

These sort of nuances dont bother Crashy

He has been professing the world is about to collapse for donkeys years, having sold up his flat in the mid-90s and moving into rental to wait for the crash that never came...

I know - been here way longer than him and heard it all a zillion times.


Who needs facts or logic eh lol.

Crashy_Time

hazyjo wrote: »

I have been saying prices will be static and drop slightly before and after brexit for ages (that does not mean I agree with what you constantly say). But it does not apply to all areas. Not every house that won't sell immediately is overpriced. Markets are generally slow so logically it will take longer. Without knowing an area, I would never profess to being able to value a property.

Really? Four years longer? The attempts on here to rationalise the bursting property bubble without just acknowledging that prices were driven up by cheap credit are funny at times (slightly sadder when people are getting up at 5am to cut and paste their tired old attempts to shut down the conversation :eek:) but will eventually be called out by rising interest rates IMO.

getmore4less

What are they getting for rent?

The yield may result in lack of motivation to sell.

I know some areas around Norwich reasonably well postcode will probably be enough to find it.

Cakeguts

Judging by the number of houses market sold or under offer in the Norwich area I would say that it it has been on the market for 4 years it is overpriced. Because it is let it is really only suitable for another landlord but is obviously too expensive for that.