Not much interest on our property, thoughts please!

sgun

quantumlobster wrote: »

Never mind why the OP is selling. That's none of our business - peoples' circumstances change all the time in ways that are obvious, and also in ways that are not. But it doesn't matter.

We should just respond to the OP as written, without getting into speculation about motive etc.

I do agree it is none of our business and that this is all speculation. However, it's what potential buyers will speculate about too so it does make it relevant to the discussion.

We had 6 estate agents round to value our house and all of them apart from one asked straightaway how long we had lived there and why we were selling. (18 years and as we both work from bome we needed a bigger house). Selling a house soon after buying it just looks suspicious. There isn't anything really the OP can do about it though but it is worth thinking about as it might be putting people off.
It would certainly put me off especially if I thought the seller was after a premium price.

quantumlobster

I agree that a quick turnaround does not look good. But so what? We should just acknowledge that and move on. There is no need to debate whether OP's "excuse" is valid, or whether something looks "suspicious". It's just a factor that needs to be dealt with, like an avocado bathroom or a water feature in the living room.

Quick turnaround debate: buyers will think there's something wrong with the property, nothing you can do about it, price down 5% (or whatever) to accommodate - or just wait a year or two. End of quick turnaround debate.

There is an endless smorgasbord of reasons, entirely unrelated to the property itself, that someone might want or need to move quickly. Of course if the house is built out of asbestos on top of a shale heap and has a ROW through the downstairs bog, and the OP isn't telling us that, it's different.

getmore4less

quantumlobster wrote: »

Never mind why the OP is selling. That's none of our business - peoples' circumstances change all the time in ways that are obvious, and also in ways that are not. But it doesn't matter.

We should just respond to the OP as written, without getting into speculation about motive etc.

I had some speculative stuff I decided not to post.

I think the key is early in their first post.

We put our house on the market just under 3 weeks ago, whilst we appreciate this isn’t a long time we thought we would’ve had a lot more interest than we’ve had

Taking that at face value.

They have misjudged the market for their house.
They need to work out what they got wrong.

When I first looked market data said overpriced and I had not even looked at the pictures or the area..

Nothing since has convinced me different.

babyblade41

Vicki1990 wrote: »

Thank you quantum lobster, your comment is much appreciated. I don’t understand why people have an opinion on why we’re moving or why we’ve chosen another new build, that’s OUR choice. We’re doing it because we can and WE WANT TO.
Thank you for also pointing this out.

Problem is you have to sell this one first.. and here lies the problem !!!

markin

getmore4less wrote: »

Local plan consultation begining of the year

https://www.shropshire.gov.uk/media/11266/00-preferred-sites-consultation-full-document.pdf

page 178

the park is safe for now.

page 80, The new homes right next door.


Another 55 homes will mean its very difficult to compete if they are still on the market when its time to reserve the new build plots, so its easy to see a need to move quickly now, or be stuck 3 years.


Ive not been here that long but ive already seen a house up for sale to escape new builds popping up over a field behind, i read their statement on the planning website, it was very clear why they were selling, They were also holding onto the new build price for 8 month! And its probably still for sale now.




35 homes, Land North Of Milford Road Baschurch Shropshire

https://pa.shropshire.gov.uk/online-applications/applicationDetails.do?activeTab=neighbourComments&keyVal=N2E302TDIKI00

Comment submitted date: Wed 16 Apr 2014

What an interesting response from the Parish Council. The fact is that the doctors' surgery will never be built, because there is no money for it, and why are they talking about the possibility of it not being used and then looking for an alternative community use? Not long ago, the village hall was about to close because nobody was using it: it was all but insolvent and they could find nobody to populate the Committee. We don't need another community facility here. And certainly not at this end of the village when the site at The Wheatlands is going to be heavily developed.

This really exposes what a chimera, and how hollow and vacuous the supposed community benefit of 'improved primary heathcare facilities' really is. Funny how they are suddenly waking up to the reality but still refuse to iterate it precisely. The truth is that it will never be a doctors surgery, so this is simply the thin end of the wedge, a thinly veiled attempt to railroad the application through, and then when houses are built they will say 'oh, shame about the medical facilities, let's have another white elephant in the village.'

Comment submitted date: Mon 07 Apr 2014

PART 1

Our house backs onto the application site.

We object strongly to the application, as follows:

1. Lack of infrastructure

The statement in support majors on sustainability. But this proposal is totally unsustainable. The sewers can¿t cope with existing, let alone another 30 houses. The smell in Prescott Road in summer is horrible. Yet more waste will cause severe problems. Shropshire¿s report shows serious groundwater issues and that a SUDS would be fraught with problems.

The proposals are for family houses. But the schools are oversubscribed, with no proposal to enlarge them. Where will children go to school?

Cakeguts

Well I think I have answered the question in the OP which is that the listing for the property is about £20k too expensive and that was based on data from the market in that area as well as satellite views and Street view.



If they need to sell this one to buy the new one they have a problem. I think it would be unwise to exchange contracts on the new one until they have a buyer for this one because if they don't reduce the price they will probably be waiting about 10 years to sell and that will probably be at the price the paid for it.

Cakeguts

quantumlobster wrote: »

Never mind why the OP is selling. That's none of our business - peoples' circumstances change all the time in ways that are obvious, and also in ways that are not. But it doesn't matter.

We should just respond to the OP as written, without getting into speculation about motive etc.

Why they are selling so soon after buying is one of the first questions a potential buyer is going to want to ask. That business about wanting to start a family won't convince a buyer that they are telling the truth and that will make a buyer want to look closer at where the property is and any planning application which is just what we have done. You can't really hide something when selling a house because it will either come up in the searches or it will come up when the person views.



As a rental I can see there being constant complaints by neighbours about the tenants parking.


Does it say that the reserved new 4 bed house is in the same village? If it isn't buyers are going to find that odd too.

Vicki1990

We’re moving because we have a much bigger budget available and can afford to move. We also want to move now before having a family, as we don’t fancy moving with kids in tow!
Everyone has different reasons for moving, that’s ours, it’s a genuine reason for us and certainly not a lie. We have also been very open with our viewers and said to them we bought this with plans to emigrate and rent out so they are aware this was never a long term home for us.
We also have mentioned about the plans for the new builds on station road (Milford road is already built) and the skate park behind the house so we aren’t hiding anything from them, their solicitor would pull all that up anyway, so no point hiding that fact! It would just cause us more problems further down the line which no one wants.

getmore4less

Open with your viewer.

If you want more viewers you need to fix something.

Back to timescales to make the plan happen.

How much time can you delay your onward purchase?

What is your bottom price to stay within budget.

I don't expect an answer to that.

babyblade41

So big influx of cash coming in then it would be financially silly to not drop the price... that way new house can exchange and OP can off load the loss leader ..simples

Not sure why there is such antsy about dropping the price now.. it's going to lose money so better not to lose even more than having to back out of ongoing sale