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House listed for three months with no viewing/enquiries

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    The point I was trying to make is that a house listed at a signifigant premium over similar houses will struggle to sell regardless of whether Brexit is happening or not.

    Investment properties are affected by brexit but properties are still bought and sold by new families, those looking to downsize or moving because of jobs.

    A current problem is that some sellers are living in the mindset of 2015 and list their homes at 22-30% over what they paid as if it's everyone's god given right to make a big profit on their property.

    The market has retracted from the peak of the bubble and unless you live in a highly desirable area its unlikely that anyone will pay through the nose for you house.


    Not nearly enough to revive the housing market though, most people rely on a mortgage, and Brexit is making the banks wary about how much and who they lend to :(
  • 51mm5
    51mm5 Posts: 177 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Not nearly enough to revive the housing market though, most people rely on a mortgage, and Brexit is making the banks wary about how much and who they lend to :(

    What was that?

    https://www.dailymail.co.uk/news/article-6427491/Supersized-mortgages-back.html
  • Cakeguts wrote: »
    in Holmefirth because it is seen as a fashionable area.

    No kidding. Uncountable restaurants, a small theatre, a gig venue, the winery, the Market Hall, lovely surroundings, major conurbation 20 miles away. That is not the area we're talking about here.
  • AnotherJoe wrote: »
    This one went for £20k cheaper

    I mean change the carpets, and this one looks on another planet. Although suspicously no picture of the kitchen. Now look at the floor plan. Think for a little bit. How many doors? How much worktop?
    That needs opening out into a kitchen-diner.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    51mm5 wrote: »


    That is great, no one wants a supersized mortgage though if they think they will be in negative equity in a year or two?


    https://www.bbc.co.uk/news/business-46377765
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