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Can't sell 1 bed flat in Eastcote, Middlesex

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Comments

  • GDB2222
    GDB2222 Posts: 26,512 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It doesn't really matter what you like, it is your what your potential buyers like that is the real issue.

    Why would they buy a second hand property that is further away from facilities and isn't being presented to it's best in the advertisement, when they can have brand new for less money?

    You need to appeal much more to your target market.

    There is nothing to be done about any of those drawbacks, and the OP is reducing the asking price. The market will decide whether it’s a big enough reduction.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Good to see that the first pic of the outside has been re taken...either the agent has strategically placed his car in front of the boarded up door pane or more hopefully the door is now fixed.
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  • kazzamunga
    kazzamunga Posts: 215 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Good to see that the first pic of the outside has been re taken...either the agent has strategically placed his car in front of the boarded up door pane or more hopefully the door is now fixed.

    Well I think the car is quite strategically placed, but the door is also fixed, ha.

    Not particularly hopeful about anything at this stage. Some viewings would be nice though, I find it totally bizarre that people aren't even viewing and then making a cheeky offer. Everyone knows that people don't expect asking price in the English market. I have a budget of £190k max where I am, and I have gone to view ones at £210k, and made an offer on one at £200k, and got it for the price I wanted. It's standard.
  • need_an_answer
    need_an_answer Posts: 2,812 Forumite
    Ninth Anniversary 1,000 Posts
    edited 8 January 2020 at 3:45PM
    kazzamunga wrote: »
    Well I think the car is quite strategically placed, but the door is also fixed, ha.

    Not particularly hopeful about anything at this stage. Some viewings would be nice though, I find it totally bizarre that people aren't even viewing and then making a cheeky offer. Everyone knows that people don't expect asking price in the English market. I have a budget of £190k max where I am, and I have gone to view ones at £210k, and made an offer on one at £200k, and got it for the price I wanted. It's standard.

    Well yes I quite agree,the bottom of the door looked pretty ropey too.

    Your management company should really keep on top of general maintaninance. Its not just the insides of properties that sell them,its the well maintained communal areas too.

    Whats the monthly service charge like for the complex?
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  • kazzamunga
    kazzamunga Posts: 215 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Yeah I agree. I don't enjoy dealing with the management company but they're probably not the worst. I think they fixed that pretty quickly, it was just bad timing. Thanks for noticing it though, it passed me by. I actually think the estate agent should probably have mentioned it. It's £115. The communal areas themselves aren't too bad, hoovered every day etc.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    It doesn't really matter what you like, it is your what your potential buyers like that is the real issue.

    Why would they buy a second hand property that is further away from facilities and isn't being presented to it's best in the advertisement, when they can have brand new for less money?

    You need to appeal much more to your target market
    .

    Good advice.
  • kazzamunga
    kazzamunga Posts: 215 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    Ok with this in mind we're going to make a bunch of small changes to remove clutter and get some more pics taken.
  • You still haven't said how this leasehold is actually owned.
  • You still haven't said how this leasehold is actually owned.
    I didn't realise anyone had asked that. The flat is in my name with a deed of trust that connects me to my parents. Is that relevant to the OP? I'm asking for help on how to sell it.
  • kazzamunga wrote: »
    I didn't realise anyone had asked that. The flat is in my name with a deed of trust that connects me to my parents. Is that relevant to the OP? I'm asking for help on how to sell it.

    Yes it does make a difference in that you are the sole legal owner meaning you should be able to do as you please when it comes to selling the property. I'm surprised the mortgage lender allowed you to take out a mortgage whilst having a deed of trust in place. Did your mother have to sign anything when it came to the deposit such as a gift declaration?
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