House for sale 8 weeks and no viewings

Lioness_Twinkletoes

I showed my husband the house - without showing him the price. Told him the area and asked what he would pay. £230k max was his answer. Then I showed him the street view and he immediately said nope. Add in the incinerator and proposed road development and it was an absolute no.

That's what you are up against. You clearly didn't like my comments earlier, but you asked for honest opinions and I gave mine. I gave you the reasons why I wouldn't view - much less buy - your house. Someone will - eventually, but will they pay what you want to achieve? Maybe, maybe not. You might be better staying put for now seeing as you like it so much and value it so highly as, at the moment, no one else does.

victoriavictorious

:wall::wall:

sx_turbo wrote: »

People will still look, there is always wiggle room, your just being pedantic. If someone has a budget of 220 they will search for 230, and so on and so fourth.

I really have put the price thing to bed now, I have stated my intentions and a way to move forward. I'm holiday for the next couple of weeks so whatever happens can wait til I return.

According to the Rightmove figures we were getting 50 looks a day up until last week. Don't have the latest figures.

:wall:
Ok fine, I'm out.

hazyjo

Out of interest, what will you tell viewers your reason is for moving? Think carefully about that one if you're staying local and going from what you might try to sell as a 3 bed to another 3 bed. (Never a good idea to say 'we need more space', especially if the same size family is viewing.)

Crashy_Time

https://www.homesandproperty.co.uk/property-news/falling-london-house-prices-and-hike-in-supply-puts-buyers-in-the-driving-seat-a121416.html

noh

westernpromise wrote: »

50 looks a day but still no viewings...

The majority of those would have been generated by viewers of this thread.

BoGoF

noh wrote: »

The majority of those would have been generated by viewers of this thread.

Doubtful seeing as the thread only started 2 days ago.

Lioness_Twinkletoes

50 views a day and no viewings is extremely telling in itself. I'm not sure that's a reason to start celebrating

Cakeguts

I am out too. Having been told that I am being rude when trying to help someone realise that they have overpriced their house for the location that it is in and the type of house.



As a landlord I have done extensive research into what people want when they rent a house. Basically you work out what most people want in a house in a particular area and in an area where there are houses with driveways that is what people will go for both to buy and rent. The houses with offstreet parking at the back are always significantly cheaper than similar sized houses or even smaller ones with offstreet parking at the front. This is not me being rude this is what the housing market says it wants.

quantumlobster

Being brutally honest, it's a house with a weird layout, opposite an industrial wasteland, with no off-street parking at the front, on a busy road, in a location that's about to be right next to a dual carriageway and an incinerator.

If the confluence of these factors doesn't produce a reduction in price, then the vendor will simply have to be patient and wait for the perfect buyer - the one who wants this particular house more than any other in the area at the same price point - to come along.

Crashy_Time

sx_turbo wrote: »

Because of what is required to get the next house, I have a limit. If the house is up for less I lose my wiggle room.

I expect people with a 230k budget to be looking at houses 240k.

The house is worth 230 at the very minimum, history of sold prices tells me this.

Price history might be used for valuations if there are not many other sales going on, but if people around you are dropping their prices price history is pretty meaningless. It is worth what someone will pay you for it, but in a falling market your next purchase should be cheaper (unless that seller also holds out for "What it`s worth")