viewing feedback

mm1985

I recently posted about having our offer on a house accepted even though we had not yet sold our house. Since then a cash buyer came along and the house we originally wanted sold. We have now viewed another house which we like but will not be putting an offer in on until we sell and for this reason i am keen to sell soon. we are having a good few viewings and have recently reduced the price by 25k to get a slightly (hopefully) quicker sale. None of the feedback we are getting is bad, but at the same time we're not getting offers either. Out of the 8 viewings we have had one couple say the house is lovely but the location does not suit them and another say the garden is too overlooked. Two have said they are interested but waiting to sell and another said they are viewing a couple of other houses before making a decision. 

I had another viewing yesterday and  the feedback today is that they are interested, will be checking their finances and then coming back to the estate agent. 

I feel like these are just excuses and ways of not giving any constructive feedback. I would rather somebody say they don't like the house/road/garden so that we're not left hoping they come back with an offer. or are these all valid reasons and should i remain hopeful that somebody will come back with a suitable offer?

We have two more viewings lined up for the weekend so there is still hope.

Any experience in this kind of feedback and if i can expect to hear back from any of these people?

Cakeguts

Sounds to me as if it is still a bit overpriced for the area that it is in.

need_an_answer

Sometimes its really difficult with feedback...as a seller you really want it,but as a buyer its really difficult for some people to say "sorry its just not the house for me"
I have had people who have said things like im 90% there...so what does that mean...it actually means that whilst you like my place quite a bit you aint buying it!

A lot of the time I would take the feedback with a pinch of salt....it boils down to the fact that after looking the house isn't right for them...you just have to wait for that person who walks through the door and thinks they can make it their next home.

Surrey_EA

Feedback is a largely pointless construct, imho.
Most of the time you're not actualy getting the true reason as most people are just being polite. If you do get the true reason the likelihood is that you will be unable to do anything about it.
The reality is that if you are having plenty of viewings but nobody is offering then your price is almost certainly too high.

GixerKate

Yep, had similar feedback and other 'fluffy' responses as well, unfortunately its a case of waiting for an offer to come along.  We had about 12 viewings all with similar feedback (when we got any at all) and we even had several 2nd viewings too and then all of a sudden we had someone do their second viewing and then offered the next day.  The offer came from someone who didn't provide any feedback, he just offered after he viewed the place the second time.

mm1985

Surrey_EA said:

Feedback is a largely pointless construct, imho.
Most of the time you're not actualy getting the true reason as most people are just being polite. If you do get the true reason the likelihood is that you will be unable to do anything about it.
The reality is that if you are having plenty of viewings but nobody is offering then your price is almost certainly too high.

It is for this reason we have reduced the price and our first lot of viewings after the price reduction are due to take place this weekend so here's to hoping it makes a difference. Would it also be too much to hope that some of those who have already viewed the house may show a little more interest now that price has dropped?

babyblade41

mm1985 said:

Surrey_EA said:

Feedback is a largely pointless construct, imho.
Most of the time you're not actualy getting the true reason as most people are just being polite. If you do get the true reason the likelihood is that you will be unable to do anything about it.
The reality is that if you are having plenty of viewings but nobody is offering then your price is almost certainly too high.

It is for this reason we have reduced the price and our first lot of viewings after the price reduction are due to take place this weekend so here's to hoping it makes a difference. Would it also be too much to hope that some of those who have already viewed the house may show a little more interest now that price has dropped?

I doubt it as they probably would have made a low offer after the first viewing,

I know immediately if a house is for me just by walking up the drive/front door.  Then comes the price haggle ..hope it sells for you 

Surrey_EA

Stolen from a market report I read a couple of years ago, but still relevant:
"Keen to get the best price, sellers will often ask what is wrong with ‘going high’, believing that their initial guide price represents the maximum achievable and that buyers can always make an offer. Buyers, though, want the best house they can afford and will not look at anything else. If your house is in their range but doesn’t appear to offer what they think they can get for their money, they will not consider it at any price. Conversely, less wealthy buyers for whom your price is even 10% above their maximum, assume you will be insulted by a low offer, so they will not look at your house, either. Indeed, if your price is outside the thresholds set when buyers search online, they won’t even be aware that your property is on the market. The upshot of this – with one, rare exception – is that ‘going high’ in the current market guarantees that it will take longer to sell than necessary, waste the surge of interest that properties new to the market always attract and, in the process, miss the chance of a premium."

Crashy_Time

I doubt many buyers nowadays care if a seller feels "insulted" by a "low" offer, but posters are right, it is often about price, and of course the very volatile economic times that we live in.

Surrey_EA

Change 'insulted by' to 'will not consider' 

mm1985

This is the feedback i have been given from our viewing yesterday? should i remain hopeful or consider it just another viewing
".....advised she is interested, she is currently looking into her finances and will be speaking to her partner then coming back to us."