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

NeilCr

Murphybear wrote: »

Can you define “elderly” please. We are 67/71 and only have modern furniture

In fact, thinking about it, every person I know well enough to have seen inside their home has modern furniture. All of them being older than us.

Well, quite.

We are the same ages as you two. We live separately and have modern furniture - as do all my friends of the same age. I live on a modernish estate and all the owners who actually live here are of a similar age to me. Once again no old furniture.

While accepting that some elderly folks will have older furniture there seems to be some stereotyping going on here

Here did you get your view on this Diocletian II?

need_an_answer

NeilCr wrote: »

Well, quite.

We are the same ages as you two. We live separately and have modern furniture - as do all my friends of the same age. I live on a modernish estate and all the owners who actually live here are of a similar age to me. Once again no old furniture.

While accepting that some elderly folks will have older furniture there seems to be some stereotyping going on here

Here did you get your view on this Diocletian II?

I've got some lovely old furniture and you've got a good 25 years on me!

System

NeilCr wrote: »

Well, quite.

We are the same ages as you two. We live separately and have modern furniture - as do all my friends of the same age. I live on a modernish estate and all the owners who actually live here are of a similar age to me. Once again no old furniture.

While accepting that some elderly folks will have older furniture there seems to be some stereotyping going on here

Here did you get your view on this Diocletian II?

From seeing many old people's houses.

newsgroup_monkey

Diocletian_II wrote: »

Sorry, I like the Property Log extension, and you are not going to convince me otherwise. Property Log is very useful to me, since I can see and keep track of the big asking price reductions - £25k, £50k, £100k - that are taking place in my target areas right under my nose. That's invaluable information for a buyer, and I recommend it to everyone, both buyers and sellers. Home. co. uk is an alternative that also covers the other sales platforms. It has more functions, but the font is very small, which I don't like.

That didn't answer my question. Are you saying that by looking at a very tiny subset of properties, that this reflects what's going on in the housing market? Or does the Zopa evidence of 3.6% drop from the original price posted on Zoopla compared with the Land Registry actual sold sales reflect what's going on?

System

I'm only interested in my search criteria, which are quite wide - Property Log is listing many huge reductions right this minute (and about 50% of listings are reduced in price), and that is of direct interest to me. Although others here are pointing to similar large Property Log reductions in other searches.

hazyjo

Diocletian II - why is it of interest though?

If I list my house for a million (unrealistic) and drop it 50%, does it make it a bargain? Surely it just means my house was ridiculously overpriced to start with.

Plus, if you compare against other properties and work out yourself that a property is overpriced, surely you will just offer low? They obviously may or may not accept. If something has reduced by a large chunk, would you then pay asking price or over? Surely they're the last ones that will reduce further?

Really can make no sense with the obsession over price drops. Surely you're capable of knowing (after these many viewings) what properties are worth in the areas you're looking? I knew exactly what properties in Leigh were worth when I was searching. If someone overpriced theirs, I'd know it.

Most with high price tags were deluded, but just because they may eventually reduce a large percentage doesn't make that property any more desirable than the ones that were up at that price to start with. Can't understand all the faffing. If you're waiting for an unsellable one that's reasonably priced and still won't sell unless they reduce to under market level, then there's something wrong with it.

System

Buyers are naturally interested to know about all the asking price reductions that are taking place around them, just like shoppers are interested to know about reductions in the New Year Sales. It is valuable for savvy buyers to know what is going on right now in their local market.

NeilCr

Diocletian_II wrote: »

From seeing many old people's houses.

In what context?

What are you defining as old?

Your experience does not accord to mine or many of my friends and acquaintances in the same age group. Are you content to accept that it may not be the norm?

MobileSaver

newsgroup_monkey wrote: »

Are you saying that by looking at a very tiny subset of properties, that this reflects what's going on in the housing market?

Your mistake here is assuming that Diocletian actually has any interest in what's really going on in the housing market!

He is a committed HPCer and sold to rent years ago. Official house price statistics don't support the HPC mantra so the only way he can convince himself and others that he was right after all is to pick out individual properties with significant asking price drops.

Even though you, me and most sane, rational people can see the absurdity in his approach it's the only thing left for him and his ilk to cling to after making such a flawed financial decision when they sold to rent. It's all a bit sad but to be fair no-one likes to admit they got it so wrong so it's not entirely surprising.

System

NeilCr wrote: »

In what context?

As a doctor who has done thousands of domiciliary visits. There will always be exceptions, but in general dead and dying people tend to be old, and they tend to have old fashioned furniture.