So tired of denial of the state of the housing market

SG27

Surrey_EA wrote: »

I'm not sure that's entirely true.

I'm a firm believer that virtually any house will sell if you make the price attractive enough to a buyer.

The problems start to occur when the expectations of the seller are significantly out of line with those of the buyer.

Yep its easy to sell a house. You just need to price it right.

The hard part is after its 'sold' and you start the conveyancing....

dannim12345

Op, I like your style & I really like mid centuary furniture myself. If you read interior design mags or look on Pinterest or Instagram you will see lots of this style - so I don’t think it would put many off imo.

However what would put me off -
The look of the exterior (not much you can do about that)
The kitchen - I would need to factor knocking through into the dinning room and complete refurb if I was going to buy.


A couple of other things; The office is a bit much (brick on every wall) and the garden is a bit bare.

But as others have said it always price though.

victoriavictorious

ProDave wrote: »

From my experience it has NEVER been easy to sell a house. If you catch a particular boom in a particular area and can sell in days, then think yourself very lucky. BUYING in those conditions will be truly awful.

I have sold a total of 4 houses. 3 of them took from 8 months to 3 years to sell. The 4th sold quickly without an estate agent, ONLY because it was a lucky coincidence that I wanted to sell just as the next door neighbours mum wanted to buy it to be next to her daughter.

House No 5 I gave up trying after over 2 years, it is now let to a tenant who's long term aim is to buy it so that one is still "in progress"

Never a truer word - it seems you can never have it both ways. if you've sold quickly (ie in a seller's market) it's guaranteed to be a 'mare trying to buy on! And of course, you can't make a proceedable offer before you are actually SSTC so it's a catch 22.
That's the problem we had until we finally found somewhere at the 11th hour in the location we wanted, just as we were about to pull the plug on the whole thing.
Hells bells, ProDave, whereabouts was the house that took 3 years to sell - Baghdad?

Surrey_EA

SG27 wrote: »

Yep its easy to sell a house. You just need to price it right.

The hard part is after its 'sold' and you start the conveyancing....

Oh, I completely agree. I tell anyone who'll listen that the hard bit is getting from offer acceptance to completion.

That's were a decent EA can make a difference, keeping all parties informed, effectively communicating, sorting out any small problems that arise.

I'm not sure I'd fancy Tepilo to make much of a difference to the post sale process.

Davesnave

Surrey_EA wrote: »

The problems start to occur when the expectations of the seller are significantly out of line with those of the buyer.

Rightmove sold prices are wonderful.

We were once out of line by £100k on a £375k house. By then, it had been marketed for around 18months to 2 years without any change. The frail old couple said their kids had told them not to 'give it away.'

3 years later, the vendors arrived on the same page as we'd been on. Whether they were still the same old couple or their kids is something the sold prices can't reveal.

Anyway, they sold in a matter of weeks. It was the most drastic one-step reduction we ever witnessed.


Edit after reading VV's comment above: It wasn't in Baghdad - about 10 miles from Cardigan.

Pixie5740

ProDave is leading the next wave of Highland clearances by buying up land, building houses and pricing locals out the market. Well he would be if anyone else agreed that the houses he is selling are worth what he thinks they are worth.

ProDave

Pixie5740 wrote: »

ProDave is leading the next wave of Highland clearances by buying up land, building houses and pricing locals out the market. Well he would be if anyone else agreed that the houses he is selling are worth what he thinks they are worth.

ALL I tried to do was sell a house for about 5% less than a professional surveyor told me it is worth.

And in all cases of selling I have marketed a house at what an estate agent told me it was worth, then sold it for less than that amount.

I would love to be in a position of marketing a house for what the agent told me it was worth and then have people queuing and offering over the asking price. Just never happened.

ProDave

victoriavictorious wrote: »

Hells bells, ProDave, whereabouts was the house that took 3 years to sell - Baghdad?

One of our buy to lets in Inverness, put on the market in 2010, sold in 2013 for almost the asking price. The same flats now sell for the same money, NO increase since 2010.

But in that time the cost of building materials has continued to rise. You now cannot build a house and sell it for enough to cover your costs. Something is very wrong that demand here is so low a house is worth less than it's build cost.

Atomix

Skim read previous so not sure if repeated - I wouldn!!!8217;t be put off by much going on in the house (you can change virtually anything to your taste) - but high on our criteria - is !!!8216;driveway in front of house!!!8217; with space for a few cars, where I can park the car with kids, and walk into the house with shopping or whatever, and can see the cars from the house. - realise there is nothing you can do to change this - but just looking at pics of houses in rightmove, I wouldn!!!8217;t even click on yours - as the front of the house doesn!!!8217;t have a driveway.

Pixie5740

ProDave wrote: »

ALL I tried to do was sell a house for about 5% less than a professional surveyor told me it is worth.

And in all cases of selling I have marketed a house at what an estate agent told me it was worth, then sold it for less than that amount.

I would love to be in a position of marketing a house for what the agent told me it was worth and then have people queuing and offering over the asking price. Just never happened.

I'm pulling your leg about the Highland clearances.

You moved to the Highlands from Oxford if I remember correctly. Very different housing markets. There just isn't the same demand for properties, particularly at the more expensive end of the market, in the Highlands compared with the London commuter belt but anything will sell if priced correctly.