When a listing just sit there with no reduction and no sale

justjohn

it does not always have to be down to price.


Supply and demand , it may still be worth X but there may be no buyers.


The current market in many places is very slow.


Go on home.co.uk it states the selling time of properties in each town / city. Many house sales are not agreed in a few months like they used to be.


Many buyers are not realistic in there expectations of a discount lol

System

justjohn wrote: »

it does not always have to be down to price.


Supply and demand , it may still be worth X but there may be no buyers.


The current market in many places is very slow.


Go on home.co.uk it states the selling time of properties in each town / city. Many house sales are not agreed in a few months like they used to be.


Many buyers are not realistic in there expectations of a discount lol

In a market, it always comes down to price. Any problems are reflected in the price that a buyer would be willing and able to pay. The asking prices of these unsold properties simply reflect prices that buyers are not willing or able to pay.

AnotherJoe

rosieflowers wrote: »

I have no idea about OP's house,

And neither does the OP but he's made a up a story to fit his preconceived view of the property market.
I was thinking of the properties on the market near me - I've been watching the market closely for about six months and we're in the process of buying a three bed semi at £315k so you can see that the properties I was talking about were in that general category, and we didn't touch them as the values were ridiculous for what was on offer.

And maybe you missed one due to that. I recall someone here making a "cheeky" offer on a place which was accepted.

I think the problem here comes from a conflation of market value and personal/ sentimental/ whatever value.

And it seems, the inherent assumptions of some buyers (or people with an agenda to peddle) as to what a sellers motivations are

There is an objective market value - I know this as my job involves determining values for tax purposes, not of property but other assets.

Perhaps I'm coming at it too much from that perspective, but I think there is usually an objective value or range of values for almost all property, but especially more common place properties where there are lots of recent comparables.

Following on from that, some properties are arguably overpriced, would you disagree?

Of course not, but that doesn't mean that all those sellers will stand firm if they are made an offer.

Nor does it mean that low offers wont move them from their supposed fixed view, which the OP criticizes them for whilst holding a fixed view themselves !!

This thread has drifted from a discussion of one particular property (that the OP wont post a link to) and their made-up reason why the seller hasn't reduced the price, to a general discussion of the property market, which is irrelevant to this one particular house and why the price hasnt been reduced.

Imagine if OP later sees its sold at 25% under asking and it turns out they were the sort of seller happy to make a drop and who built a larger price in to cater for that, knowing otherwise that at whatever price they asked someone like OP would come along and say that since "all" houses have asking prices 25% too high they will offer 20% less so they might as well cater for that.

Seems to me the OP has a rigid and fixed agenda to peddle here and likely isnt actually interested in buying the house in question even if it exists, which seems less likely as time passes, but merely wanted to make a point. Badly.

justjohn

Diocletian_II wrote: »

In a market, it always comes down to price. Any problems are reflected in the price that a buyer would be willing and able to pay. The asking prices of these unsold properties simply reflect prices that buyers are not willing or able to pay.

most properties will sell if the price is low enough, but that does not mean you are getting the best buyer in the small pool of buyers out there.


99.9% of houses would sell if they were 90% below valuation. that does not mean they are 90% over valued lol

System

AnotherJoe wrote: »

Imagine if OP later sees its sold at 25% under asking and it turns out they were the sort of seller happy to make a drop and who built a larger price in to cater for that, knowing otherwise that at whatever price they asked someone like OP would come along and say that since "all" houses have asking prices 25% too high they will offer 20% less so they might as well cater for that.

Seems to me the OP has a rigid and fixed agenda to peddle here and likely isnt actually interested in buying the house in question even if it exists, which seems less likely as time passes, but merely wanted to make a point. Badly.

No. I just think it would be futile and a waste of time to view a house, where the seller is stubbornly refusing to reduce his advertised asking price, despite his house remaining unsold for many months, and despite many other properties reducing their asking prices well before their listings go that stale.

And there is no way on earth that I am going to post a link to the property here, since there seem to be some really aggressive people on this forum, who would no doubt contact the estate agent to cause trouble. But then again, the property industry is notorious for being a home for those kinds of people.

MobileSaver

MobileSaver wrote: »

If I am wrong then please clarify exactly who the "perma prop bulls" are ... Or are you just making things up again?

Diocletian_II wrote: »

Oooh, the professional property investor is getting in a tizzy

Ah, no answer, so you have been caught out again just making stuff up to support your bizarre theories. :rotfl:

Diocletian_II wrote: »

And there is no way on earth that I am going to post a link to the property here, since there seem to be some really aggressive people on this forum, who would no doubt contact the estate agent to cause trouble.

How could anyone on here "cause trouble" and what possible comeback would it have for you who has never viewed the property anyway? It's almost as though you've made the whole story up.

System

MobileSaver wrote: »

Ah, no answer, so you have been caught out again just making stuff up to support your bizarre theories. :rotfl:



How could anyone on here "cause trouble" and what possible comeback would it have for you who has never viewed the property anyway? It's almost as though you've made the whole story up.

It is quite conceivable that someone as aggressive and property obsessed as you would try in real life to punish anyone who dares mention the stagnant state of the property market. I don't know how you would try it, but I am not about to give you the chance.

MobileSaver

Diocletian_II wrote: »

I don't know how you would try it, but I am not about to give you the chance.

Of course that is the reason and it is absolutely nothing to do with you either making the whole story up or grossly exaggerating is it?

Diocletian_II wrote: »

someone as property obsessed as you

That's a bit rich from someone whose every single post has been in the House Buying forum...

System

MobileSaver wrote: »

Of course that is the reason and it is absolutely nothing to do with you either making the whole story up or grossly exaggerating is it?



That's a bit rich from someone whose every single post has been in the House Buying forum...

I joined this website the day before yesterday; you have been here obsessing about property for donkey's years, and, it seems, attacking anyone who mentions the stagnant state of the property market. You clearly don't like people mentioning the stagnant state of the property market, or else you would not attack them so obsessively and try to hound them away.

tom9980

Diocletian_II wrote: »

I joined this website the day before yesterday; you have been here obsessing about property for donkey's years, and, it seems, attacking anyone who mentions the stagnant state of the property market. You clearly don't like people mentioning the stagnant state of the property market, or else you would not attack them so obsessively and try to hound them away.

MobileSaver
Join Date: Jul 2006
Posts: 1,795

they are obsessed with this forum.