NatWest morgage . Selling home

LandyAndy

phill2-0-0-3 wrote: »

https://gothicestates.com/site/go/viewParticulars?propertyID=517076

phill2-0-0-3 wrote: »

No I completely understand it doesn't make it worth that . It's only worth what people are willing to pay .
But I've had 3 estate agents all-say similar prices £280-290k that's there valuation
So I can only.go off that to what the house is worth and it's currently listed under that . I will get a link for the other property .
The link for mine is above

Your house isn't on rightmove?

AnotherJoe

Sorry Phil but the issue is as simple as, in the current market it's too expensive.
It's too expensive most likely for two reasons, 1. Brexit uncertainty definitely is not just depressing prices but also the number of buyers, some are just waiting. 2. The building at the back of you.
Your choices would seem to be quite simple
Stay as is
Reduce price now.
Remove from market and put back again in the spring when maybe the two new houses impact on yours is clearer, and who knows maybe the brexit situation is also more sorted. You might still need a lower price at that point

AdrianC

LandyAndy wrote: »

Your house isn't on rightmove?

If it is that "Gothic Estates" one, then...
https://www.rightmove.co.uk/property-for-sale/property-84676784.html

First impresssion is that there's nothing wrong with the listing, although somebody needs to take the HDR filter away from that estate agent...

Picky quick win jobs...
Clear the vehicular access to the back gates up, make it look more as if it's actually viable parking. Tidy up and box in the pipework around the boiler.

So... comparables!
The obvious: https://www.rightmove.co.uk/property-for-sale/property-61601778.html - bigger, £10k cheaper. Still unsold despite having been listed in April.

Within a mile:
https://www.rightmove.co.uk/property-for-sale/property-83994596.html - £20k cheaper, loads more character
https://www.rightmove.co.uk/property-for-sale/property-84393506.html - same price, detached, character. Who signed off on photo 7...?

need_an_answer

I think the house is presented well,a few areas you could tidy up as mentioned the rear access picture whilst good to show it could be a little tidier and more in keeping with the finish of the rest of the property.

I believe you have fallen into a classic developer trap,you've renovated it to a good standard and put a lot of money and work into it...but it just isn't worth that price now.

Who is the "other " owner who wants the property to remain at its current market price?

MobileSaver

need_an_answer wrote: »

I believe you have fallen into a classic developer trap,you've renovated it to a good standard and put a lot of money and work into it...but it just isn't worth that price now.

I agree, the property looks really nice and very well presented.

Unfortunately there are more than 20 other two-bed terraces for sale within half a mile of you that are cheaper (one is almost £60,000 cheaper!)

On the plus side, around half of the two-bed terraces in your area are SSTC so there is obviously demand there; you just have to get the price right so that someone makes an offer on yours rather than one of the other 20+ available. Good luck!

phill2-0-0-3

Yes I have been looking around the area but feel mine has more to offer than the majority . And have reduced allready . I have sorted the garden area and the boiler is geting a cover and a few other bits are being done to make the property at is best .

Then I will go from there . I'm going to add mutli agents I wasn't aware u can do this without having to pay them all . I've only just found out but tided in with the current agency for another months so will do that after

need_an_answer

What benefit will going multi agency give you?

Your property will still be listed on RM whether its listed 2 or 3 times isn't going to increase the number of people wanting to purchase it.

You would be better off saving those multi agency fees and dropping the price to something more tempting to buyers.

MobileSaver

phill2-0-0-3 wrote: »

Yes I have been looking around the area but feel mine has more to offer than the majority.

Unfortunately buyers do not agree that your "more to offer" property is worth the price being asked, particularly with all the uncertainty around Brexit etc.

phill2-0-0-3 wrote: »

And have reduced already.

No-one cares that you have reduced already, they only care about the price you are asking now. Half the comparable properties in your area have had serious offers made for them so something is making the other properties more attractive than yours; I'd suggest it's the price...

If you can afford to wait then Brexit may become a non-issue and/or that one and only person you need may fall in love with your house but if you need to sell sooner rather than later then you are going to seriously consider a further price reduction.

phill2-0-0-3 wrote: »

I'm going to add mutli agents

I don't see the point unless it won't cost you a penny extra - you are either on Rightmove or you're not.

For the avoidance of doubt by the way, no-one is trying to be mean here, people are just giving their honest impartial opinion rather than telling you what you want to hear!

need_an_answer

How long have you been marketing the property for sale?

Have you reduced the price since the last time you asked advice from the forum?

Have any viewings given any feedback?

AnotherJoe

phill2-0-0-3 wrote: »

Yes I have been looking around the area but feel mine has more to offer than the majority

... and self-evidently, prospective buyers dont when taking into consideration the price.

phill2-0-0-3 wrote: »

And have reduced already

Thought experiment.
Say you initially put it up for sale for £1M then reduced it to £900k.


Does that then mean your house is not overpriced any more since you've "reduced it already"?