Advice about house selling - no offers.

Crashy_Time

https://www.gov.uk/government/publications/uk-house-price-index-summary-september-2018/uk-house-price-index-summary-september-2018

Murphybear

lookstraightahead wrote: »

Buying property is not at the top of everyone's agenda at the moment, with so much stuff going on re Brexit etc. It's like trying to sell bikinis in the winter.

It's nigh on impossible to buy a swimsuit in the winter (don't know about bikinis)

The retailers assume that people don't want them whereas people like me who do their swimming in a pool rather than Spain will always want them.

(Actually you can buy a swimsuit that's designed to be worn on a cruise but they arenofmally very very expensive)

Crashy_Time

Murphybear wrote: »

It's nigh on impossible to buy a swimsuit in the winter (don't know about bikinis)

The retailers assume that people don't want them whereas people like me who do their swimming in a pool rather than Spain will always want them.

(Actually you can buy a swimsuit that's designed to be worn on a cruise but they arenofmally very very expensive)

You can browse them all year round on the internet, because it is always sunny somewhere, just like property. The "Seasonal Excuse" for property not selling doesn`t really stack up nowadays.

51mm5

Crashy_Time wrote: »

https://www.gov.uk/government/publications/uk-house-price-index-summary-september-2018/uk-house-price-index-summary-september-2018

"the annual price change for a property in the UK was 3.5%"

Crashy_Time

51mm5 wrote: »

"the annual price change for a property in the UK was 3.5%"

.........as transactions dropped about 20%, indicating that that price isn`t really achievable for most people, it is just an average number with as much meaning for a seller as someone driving past the house and deciding they don`t like the street so won`t bother viewing.

51mm5

Crashy_Time wrote: »

.........as transactions dropped about 20%, indicating that that price isn`t really achievable for most people, it is just an average number with as much meaning for a seller as someone driving past the house and deciding they don`t like the street so won`t bother viewing.

While prices are no where near crashing like you want... :T

HollySocks_2

Ignore Crashy Time.

Theres prob several factors involved as to why you dont have many viewings. Brexit, the time of year, maybe the garden, maybe the price...Those that are telling you its down to the price alone, ignore them too :-) It's hard to say exactly what the problem is without seeing the property, price etc..

I put my Dads house on the market in Jan. It finally got sold 2 weeks back. That had a 60 metre garden that was in a right state, it put many viewers off..The house was ok, a bit 90's looking, so that put people off who wanted the latest kitchen..The price was £250k, so that put it out of reach of many people...
But it will appeal to someone. And Dads house did. They needed a massive garden, they were in the building trade, so didnt see the garden as a downside.
In a slow moving market, it might take 6 months or a year before that person comes along though. I dropped the price by £30K on dads, down to £220K. Prob too much of a reduction, but it got sold.
If you really , really have to sell quick, the only guaranteed way to do this is to drop the price..But you lose out maybe in the long run..
Its either drop the price, or wait, and try to find a way to manage the travelling , bills, maybe renting it out?

It is going to be a slow market now. Despite what Crashy time says, they have a point that the next few months do not look good. We have the Govt on the verge of collapse..Brexit looming, Comrade Corbyn waiting in the wings....
Good luck with everything though and hope your dad is ok.

Crashy_Time

HollySocks wrote: »

Ignore Crashy Time.

Theres prob several factors involved as to why you dont have many viewings. Brexit, the time of year, maybe the garden, maybe the price...Those that are telling you its down to the price alone, ignore them too :-) It's hard to say exactly what the problem is without seeing the property, price etc..

I put my Dads house on the market in Jan. It finally got sold 2 weeks back. That had a 60 metre garden that was in a right state, it put many viewers off..The house was ok, a bit 90's looking, so that put people off who wanted the latest kitchen..The price was £250k, so that put it out of reach of many people...
But it will appeal to someone. And Dads house did. They needed a massive garden, they were in the building trade, so didnt see the garden as a downside.
In a slow moving market, it might take 6 months or a year before that person comes along though. I dropped the price by £30K on dads, down to £220K. Prob too much of a reduction, but it got sold.
If you really , really have to sell quick, the only guaranteed way to do this is to drop the price..But you lose out maybe in the long run..
Its either drop the price, or wait, and try to find a way to manage the travelling , bills, maybe renting it out?

It is going to be a slow market now. Despite what Crashy time says, they have a point that the next few months do not look good. We have the Govt on the verge of collapse..Brexit looming, Comrade Corbyn waiting in the wings....
Good luck with everything though and hope your dad is ok.

TBH, what you are posting sounds pretty confused, most people know it is about the price now, you know, they know and Crashy Time knows The housing market was a cheap credit driven Ponzi scheme, it relied on cheap credit to get going, and even cheaper credit to stay afloat, but global political and credit conditions just changed, and are set to get a lot more volatile IMO.

HollySocks_2

Not confused. I'm aware of how the market is currently.
I'm giving advice the best i can do. Part of my advice is to ignore what Crashy Time says, as you post on every other thread. Most of the threads you post on are nothing to do with the state of the housing market. People ask for advice on all sorts of housing issues and up you pop, with your cut and paste articles on housing market crashes.
Its really tedious to read your posts over and over again when its not relevent. Your pushing an agenda, hence part of my advice is to ignore what you say

Gwendo40

HollySocks wrote: »

Ignore Crashy Time.

Theres prob several factors involved as to why you dont have many viewings. Brexit, the time of year, maybe the garden, maybe the price...Those that are telling you its down to the price alone, ignore them too :-) It's hard to say exactly what the problem is without seeing the property, price etc..

I put my Dads house on the market in Jan. It finally got sold 2 weeks back. That had a 60 metre garden that was in a right state, it put many viewers off..The house was ok, a bit 90's looking, so that put people off who wanted the latest kitchen..The price was £250k, so that put it out of reach of many people...
But it will appeal to someone. And Dads house did. They needed a massive garden, they were in the building trade, so didnt see the garden as a downside.
In a slow moving market, it might take 6 months or a year before that person comes along though. I dropped the price by £30K on dads, down to £220K. Prob too much of a reduction, but it got sold.
If you really , really have to sell quick, the only guaranteed way to do this is to drop the price..But you lose out maybe in the long run..
Its either drop the price, or wait, and try to find a way to manage the travelling , bills, maybe renting it out?

It is going to be a slow market now. Despite what Crashy time says, they have a point that the next few months do not look good. We have the Govt on the verge of collapse..Brexit looming, Comrade Corbyn waiting in the wings....
Good luck with everything though and hope your dad is ok.

You start off by telling the OP to ignore people who say it's down to price alone... and then proceed to give a perfect example of why it IS all down to price and that it's only a ''slow moving market'' (or more likely a non-existent market) for overpriced houses.

Your dads house only appealed to someone and sold once you dropped the price to a more realistic figure and even then it was someone who had the ability to refurbish it cheaply.

Any house, no matter what problems it has, WILL sell... for the right PRICE.