Just 2 viewings in almost 6 weeks..

Thrugelmir

November92 said:

Thanks for the replies so far. My gut feeling is price too. I must admit when I mentioned it to the EA I did expect them to say yes lets reduce it. 

Entirely your decision. Start low your simply go lower. 

swingaloo2

I like it, its just the kind of cottage that would appeal to me if I lived alone but its not a family home. A couple of things woud put me off looking, one is the  'Shared parking with a neighbour' and the other is the bushes next door. It looks as if the fencing is going to go at any moment due to the weight of them.

Crashy_Time

RelievedSheff said:

Crashy_Time said:

moneysavinghero said:

If i was in the market for a 2 bed mid-terrace in the area, then this one would blow yours away:

https://www.rightmove.co.uk/property-for-sale/property-97068248.html

Probably going to have to drop the price to make yours more attractive

You are paying or borrowing a quarter of a million pounds to be crammed in between two neighbours who may be nice/quiet, or may not, so still overpriced IMO.

You think everything is overpriced.

How many neighbours does your flat have?

That is because everything is overpriced, and even BJ knows it hence his noises about returning to more or less 100% mortgages in the biggest economic crisis in living memory! Can`t see him being in the job long TBH. When ordinary hard working people can`t afford the deposits on basic accommodation then it is overpriced, it really is that simple I`m afraid, and as most other posters on the thread seem to think it is over-priced you seem to be the minority view on this one?

allygate

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

moneysavinghero said:

If i was in the market for a 2 bed mid-terrace in the area, then this one would blow yours away:

https://www.rightmove.co.uk/property-for-sale/property-97068248.html

Probably going to have to drop the price to make yours more attractive

You are paying or borrowing a quarter of a million pounds to be crammed in between two neighbours who may be nice/quiet, or may not, so still overpriced IMO.

You think everything is overpriced.
How many neighbours does your flat have?

That is because everything is overpriced, and even BJ knows it hence his noises about returning to more or less 100% mortgages in the biggest economic crisis in living memory! Can`t see him being in the job long TBH. When ordinary hard working people can`t afford the deposits on basic accommodation then it is overpriced, it really is that simple I`m afraid, and as most other posters on the thread seem to think it is over-priced you seem to be the minority view on this one?

I see your larger point but I think you underestimate the extent to which house prices will be propped up, come what may. There's even talk of FTBs being allowed to use pension pots for deposits. Then there's Boris' proposed (undoubtedly taxpayer backed) 95% FTB mortgages on the horizon, possible sdlt holiday extension, etc etc. Covid has really broken any sense of restraint, the magic money tree is in full bloom. Let's be realistic, there are no real restraints to a few billions more being spent on propping up house prices.
This house definitely appears to be overpriced though for the current market.

Crashy_Time

allygate said:

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

moneysavinghero said:

If i was in the market for a 2 bed mid-terrace in the area, then this one would blow yours away:

https://www.rightmove.co.uk/property-for-sale/property-97068248.html

Probably going to have to drop the price to make yours more attractive

You are paying or borrowing a quarter of a million pounds to be crammed in between two neighbours who may be nice/quiet, or may not, so still overpriced IMO.

You think everything is overpriced.
How many neighbours does your flat have?

That is because everything is overpriced, and even BJ knows it hence his noises about returning to more or less 100% mortgages in the biggest economic crisis in living memory! Can`t see him being in the job long TBH. When ordinary hard working people can`t afford the deposits on basic accommodation then it is overpriced, it really is that simple I`m afraid, and as most other posters on the thread seem to think it is over-priced you seem to be the minority view on this one?

I see your larger point but I think you underestimate the extent to which house prices will be propped up, come what may. There's even talk of FTBs being allowed to use pension pots for deposits. Then there's Boris' proposed (undoubtedly taxpayer backed) 95% FTB mortgages on the horizon, possible sdlt holiday extension, etc etc. Covid has really broken any sense of restraint, the magic money tree is in full bloom. Let's be realistic, there are no real restraints to a few billions more being spent on propping up house prices.
This house definitely appears to be overpriced though for the current market.

Not sure that many FTB`ers have big enough pension pots to make a difference, but I don`t think that scheme will see the light of day anyway, and even if Boris were to get another version of HTB up and running, mortgage rates are decided by the global bond/credit markets not Boris and his advisors. Let`s be even more realistic, Covid has already sent the national debt spiralling, do they want to spend/borrow even more propping up a bubble and lose the priced out/renter votes? The Tories are in power because of Brexit remember (and that was trumpeted as a house price crash trigger all over the media) not for keeping house prices high so I still think overspending/borrowing on property just now is pretty risky for punters and also for politicians.

Crashy_Time

November92 said:

Our house has now been for sale for almost 6 weeks. After a week we had a FTB view the house, she liked the house and her parents came to view the next day (they were helping with the deposit). Unfortunately she chose another property. We then had no more viewings until last weekend, this time the lady said she liked the house but it was too small (slightly annoying as room dimensions are on the advert).
I’ve tried to ask the estate agent why there is a lack of interest but don’t seem to get much of an answer. On Monday I asked if it would be worth reducing the price to which they wouldn’t say yes or no.  Please could you have a look at the advert and give me any useful feedback. 

The property is on Rightmove, it’s a 2 bedroom house in Chalton, Bedfordshire on at 248k. 

To be fair to someone viewing they won`t know if it feels too small until they actually view, IMO you should avoid getting annoyed at "time wasters", they are actually doing you a favour by turning up and giving you feedback.

Blue_bell_20

It is hard to tell if it is too small without visiting. Photos can be deceptive. Also door positions etc can also vary if two sofas can fit with the dimensions. People tend to have their own furniture and try to figure out if it will fit. Sometimes floor plans are actually wrong. It would be helpful to include the dimensions on the floor plan rather than at the bottom of the description. I only look at the pictures, floorplan, streetview and map before deciding to investigate further or move along. 

leonj

I wouldn't reduce it, with the location it's very niche, just takes time I would leave it 6 months at least

Jaybee_16

Looks a well presented starter home but different things concern prospective buyers. Whilst not a deal breaker, I would be concerned that it's been sold four times in 10 years. 

AnotherJoe

Crashy_Time said:

November92 said:

Our house has now been for sale for almost 6 weeks. After a week we had a FTB view the house, she liked the house and her parents came to view the next day (they were helping with the deposit). Unfortunately she chose another property. We then had no more viewings until last weekend, this time the lady said she liked the house but it was too small (slightly annoying as room dimensions are on the advert).
I’ve tried to ask the estate agent why there is a lack of interest but don’t seem to get much of an answer. On Monday I asked if it would be worth reducing the price to which they wouldn’t say yes or no.  Please could you have a look at the advert and give me any useful feedback. 

The property is on Rightmove, it’s a 2 bedroom house in Chalton, Bedfordshire on at 248k. 

To be fair to someone viewing they won`t know if it feels too small until they actually view, IMO you should avoid getting annoyed at "time wasters", they are actually doing you a favour by turning up and giving you feedback.

My house is under offer so i could be bemused at the viewer who said it was "too close to a school" - it literally backs onto  school playing fields ! Did they not see that on the map?  Sometimes i think people just make up a reason when its as simple as the house just doesn't gel for them and they dont really know why. I visited maybe a dozen, of which any i could have lived in but only two actually made me feel really comfortable and soemthing i could offer on.

I agree with size of rooms comment above, you need to see and stand in them to know if what seems small (or large) on a drawing, is. I looked at a few which on paper were OK but in reality too small for me. And one house which on paper was OK but in reality was too big.