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Impatient Seller and No Viewings

CatieX
Posts: 7 Forumite

So this is my first post on this forum and after reading lots of other posts about the lack of viewings of houses for sale, I'm getting very worried about my own property which I put on the market 2 weeks ago.
I'm a tad desperate to sell as I need to move nearer to my parents due to my mum having been recently diagnosed with MND and needing my help and support.
Anyway, that's by the by, the reason that I'm posting is that I need some advice about how to deal with selling the property quickly.
I got 3 estate agents to value the house and then went with the middle valuation of £85K, however, after no interest at all, I dropped it yesterday to £80K.
There is work needed on the house so I am aware that potential buyers might want something they don't need to do anything to, if I was staying here then I would in time install a new kitchen and also sort out the garden and fencing. However, I haven't got any extra pennies to do this at the moment.
Anyway, I think I just need a view from you guys as to what I could do. I've even looked at the 'we buy any house' type of sites but they appear to offer silly money. Is this a bad time of year to sell? Is the market slow at the moment in North East England? Or is my house just unsaleable? :embarasse
I'm a tad desperate to sell as I need to move nearer to my parents due to my mum having been recently diagnosed with MND and needing my help and support.
Anyway, that's by the by, the reason that I'm posting is that I need some advice about how to deal with selling the property quickly.
I got 3 estate agents to value the house and then went with the middle valuation of £85K, however, after no interest at all, I dropped it yesterday to £80K.
There is work needed on the house so I am aware that potential buyers might want something they don't need to do anything to, if I was staying here then I would in time install a new kitchen and also sort out the garden and fencing. However, I haven't got any extra pennies to do this at the moment.
Anyway, I think I just need a view from you guys as to what I could do. I've even looked at the 'we buy any house' type of sites but they appear to offer silly money. Is this a bad time of year to sell? Is the market slow at the moment in North East England? Or is my house just unsaleable? :embarasse
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Comments
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Look on rightmove to see if anything else in your house description has been selling and how much for.
That'l help to start with.
Then look at anything else in your area that matches your house decription [ 3 bed, one bed, flat etc] and see what they are asking.Non me fac calcitrare tuum culi0 -
Your house is not unsaleable, but you just need to pitch it right through proper research of others' SOLD prices, as taff says.
Then undercut those a little.
I followed my own advice, selling a car that had seen better days last week. Five people wanted to view and it was sold to the first one for asking price. Yes, I might have got a little more, but certainly not from We Buy Any Car, and not without more waiting to see what the next potential customer was like.0 -
Probably not what you want to hear, but 2 years ago I made an offer on a house before putting mine up for sale. I knew my house was worth about £155k. I had 2 agents round and both said market it at £165k and we will see what comes in.
After a week and a few viewings I had no offers, although everyone liked the house as we had literally just done it all up. I needed the sale to go through, so I knocked £10k off with offers over £155k. The next day we had 2 offers at £155k.
The point I am making I suppose is that it is probably priced too high. If you are not getting any viewings that means demand is low or it is overpriced. Ask the agents what the market is like. If they are saying things are moving, it confirms that. If they are saying demand is low, they will either need to take a low offer or sit and wait.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
So this is my first post on this forum and after reading lots of other posts about the lack of viewings of houses for sale, I'm getting very worried about my own property which I put on the market 2 weeks ago.
I'm a tad desperate to sell as I need to move nearer to my parents due to my mum having been recently diagnosed with MND and needing my help and support.
Anyway, that's by the by, the reason that I'm posting is that I need some advice about how to deal with selling the property quickly.
I got 3 estate agents to value the house and then went with the middle valuation of £85K, however, after no interest at all, I dropped it yesterday to £80K.
There is work needed on the house so I am aware that potential buyers might want something they don't need to do anything to, if I was staying here then I would in time install a new kitchen and also sort out the garden and fencing. However, I haven't got any extra pennies to do this at the moment.
Anyway, I think I just need a view from you guys as to what I could do. I've even looked at the 'we buy any house' type of sites but they appear to offer silly money. Is this a bad time of year to sell? Is the market slow at the moment in North East England? Or is my house just unsaleable? :embarasse
Generally the advice will be to re-arrange or take better photos, and move guitars, blankets, pets, cots etc. out of shot, but the reality is that we are on the brink of one of the biggest economic shocks potentially in our lifetimes, and the global economy/credit markets are very volatile ATM (no pun intended), you will need to price very keenly to get a quick sale IMO.0 -
Probably not what you want to hear, but 2 years ago I made an offer on a house before putting mine up for sale. I knew my house was worth about £155k. I had 2 agents round and both said market it at £165k and we will see what comes in.
After a week and a few viewings I had no offers, although everyone liked the house as we had literally just done it all up. I needed the sale to go through, so I knocked £10k off with offers over £155k. The next day we had 2 offers at £155k.
The point I am making I suppose is that it is probably priced too high. If you are not getting any viewings that means demand is low or it is overpriced. Ask the agents what the market is like. If they are saying things are moving, it confirms that. If they are saying demand is low, they will either need to take a low offer or sit and wait.
Today and 2 years ago is night and day in terms of the willingness/ability of buyers to be lured by smallish price drops though.0 -
Crashy_Time wrote: »Generally the advice will be to re-arrange or take better photos, and move guitars, blankets, pets, cots etc. out of shot.....
Oh, and don't forget, I last sold in the middle of "the biggest economic shock..... in our lifetimes," so don't lecture me.
N.B. We've been on the brink of economic catastrophe ever since the above poster joined MSE. Apparently, he missed the last one, so he's trying to be really early for the next.....;)0 -
Really? I don't see that. Maybe you need to go to Specsavers.
Oh, and don't forget, I last sold in the middle of "the biggest economic shock..... in our lifetimes," so don't lecture me.
N.B. We've been on the brink of economic catastrophe ever since the above poster joined MSE. Apparently, he missed the last one, so he's trying to be really early for the next.....;)
Pardon? The response was to another poster. I doubt you sold in the middle of Brexit, because that hasn`t happened yet, and if you look harder you will see pages and pages of "It`s the photos! It`s the EA!" on threads about obviously over-priced houses not selling.0 -
Property that needs work is not unsaleable, its very much in demand - at the right price. The price has to reflect the cost of either getting someone to do it or providing a reasonable return for a developer.
Post the rightmove link to your property for better informed advice.Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.0 -
Hi CatieX, would auctioning your house be an option? I understand there are fees to be paid and the price it sells for is dependant on the potential buyers in the room on the day, but your reserve would stop it selling for silly money. A friend of mine sold her mother's house at auction expecting/hoping for £180k and it achieved £220k. Just another idea.0
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Crashy_Time wrote: »Pardon? The response was to another poster. I doubt you sold in the middle of Brexit, because that hasn`t happened yet, and if you look harder you will see pages and pages of "It`s the photos! It`s the EA!" on threads about obviously over-priced houses not selling.
While there is a lot of truth in this Crashy some of the presentation of houses for sale is so dreadful you'd think the vendors and the agent didn't care. Reducing the price can overcome shortcomings, but presenting something for sale at its best is just common sense.
Missing floor plans, unclear details, things like saying garage but no photo, all important to many buyers.
Do we know when the big mother crash is coming - I'll try and have some cash ready to snap up a bargain?Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.0
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