Home on Market Since July. Advice?

-taff

A four bed house 2 doors up with garages that needed a bit of updating sold for 280. You're asking 350 for a smaller house with no garages.
That tells me that I think you've overpiced the house by quite a lot. I would, if it were me buying, offer probably around the same price.


It doesn't matter what you or the EA think it's worth, no one offering on it means you're asking too much.

AdrianC

-taff wrote: »

A four bed house 2 doors up with garages that needed a bit of updating sold for 280. You're asking 350 for a smaller house with no garages.

TBF, the OP's is considerably larger - 111m2 vs 162m2, going by the EPCs.
The OP's is just an odd balance of downstairs space and upstairs, with a small kitchen.

robatwork

Firstly respect to you on being brave enough to post your house on this somewhat robust forum, it's a lovely house.

Offers over means nothing to me, and if I wanted it and thought it was worth 350k I would offer that. It's just EA doublespeak.

You've already heard it 6 times, but a 4 bed house will almost certainly be desired by an expanding family, very likely one with babies and toddlers. They need bathing and putting to bed upstairs. Not bathing downstairs. The downstairs bathroom is fine, but you need an upstairs bathroom (not shower room) too.

Waterlily24

Probably needs 2 bathrooms for a 4 bed house especially one upstairs although I have no problem with a bathroom being downstairs as well. There not being a garage would definitely put my hubby off as he always puts his car in the garage even though we have plenty of parking space.
It's a lovely house though.

-taff

I don't think it's that big. Floor space, using the measurements, comes out at ground floor including conservatory at 89sqm.

Cakeguts

ncfcstar wrote: »

Appreciate the feedback, but I respectfully disagree. This is in a completely different part of the road, and it is well known that the 'further up the road' you go, the more expensive the houses are.

I don't disagree with some of the feedback we've had here, but respectfully, I can't see how the house is £70k overvalued!

It may not be as much as £70k no one really knows how much it is overpriced at. The estate agents don't know either. The reason why no one really knows the answer to this is that a house is only worth what someone will pay you for it.


So far you have found out that no one will pay your asking price because you haven't had any offers. For example someone could have offered you the asking price plus £10 and that would have been an offer over. Even if only £10. No one has so that suggests that no one is interested in paying your asking price never mind a higher offer.



I suspect that you have it marketed at offers over because when the estate agent and yourself agreed that the price needed to be reduced you still wanted to get more for it and you though that this new asking price was a way to get people interested in paying you more for it.



What you have found out by 30 viewings and no offers is that the asking price is still too much for your local market. People will want to pay a lot less than your asking price.



Basically the choice is yours. You will either have to reduce it by a lot more to get offers and even then people may offer under but that is how you find out how much anyone is prepared to pay you for it. Or you take it off the market and stay there.

quantumlobster

ncfcstar wrote: »

Appreciate the feedback, but I respectfully disagree. This is in a completely different part of the road, and it is well known that the 'further up the road' you go, the more expensive the houses are.

I don't disagree with some of the feedback we've had here, but respectfully, I can't see how the house is £70k overvalued!

You've had no offers - not even a cheeky lowball or two - and lots of viewings. That means the house is nice, but not one person in thirty who's looked at it thinks it's worth what you're asking - nor, indeed, anything close to what you're asking.

Take the hint.

[Deleted User]

I’d agree that not having a bathroom upstairs would really put me off a property and I’m surprised that hasn’t come up in the feedback. A 4 bed would most likely be attracting the family market and only having one bathroom would be a put off.

Yes, you are overlooked, but that’s pretty normal for a housing estate I thought? Not sure if that would bother me so much.

Other than the bathroom situation I think its lovely.

Smi1er

There are a few compromises I'd have to make.

However, I wouldn't even view because in a 4 bed house I'd expect that bathroom on the first floor.

Crashy_Time

quantumlobster wrote: »

You've had no offers - not even a cheeky lowball or two - and lots of viewings. That means the house is nice, but not one person in thirty who's looked at it thinks it's worth what you're asking - nor, indeed, anything close to what you're asking.

Take the hint.

Good advice.