15 Viewings - No Offers...

Crashy_Time

hazyjo said:

Crashy_Time said:

AnotherJoe said:

Crashy_Time said:

AnotherJoe said:

Crashy_Time said:

AnotherJoe said:

Crashy_Time said:

LittleMax said:

Crashy_Time said:

London7766551 said:

Likely already been said a million times but I would not pay 290 for this house. 230 at most. It is a bit of a weird shape and seem very squashed. It is a nice house still but not for that amount.

200k absolute tops IMO, and that is taking into consideration that we are in a property bubble and people`s sense of value has been twisted for years, and the fact that something sold in the street 12 months ago isn`t really relevant as 12 months is a Universe away in economic terms now.

Oh you do make me laugh - we paid £207k for it in 2012!  

Maybe you overpaid in 2012? Economy was ticking along back then, it isn`t now, when you sell it tell us how much then have your laugh at me, how does that sound?

The usual Crashy BS, house prices were only just starting to recover in 2012. A year or three after that they took off.

Ok, so how much will this house sell for?

More than it cost in 2012. Hopefully the OP will be round to tell us at some point soon.

Its hard to generalise areas, but round here (central SE) prices are probably 40-50% above 2012.

Asking prices don`t count...LOL.

I'm talking selling prices. .... "LOL"

Can you pop up some postcodes so we can take a look?

Are you asking for London areas that have increased over 40-50% since 2012? I've lost track.

Try E4. Many nearly doubled from 2012 to now.

Sure. The people who know what they are talking about are keeping track of London for you though, so no need to worry.
https://www.estateagenttoday.co.uk/breaking-news/2020/10/market-shock--severe-correction-soon-for-london-as-most-of-uk-soars
Can`t see a mini bubble in E4 making much difference to the wider picture TBH.

hounsehunterftb

OP, havent read all the replies so not sure if this has been already suggested. However how about an open day or block viewings? That might work if people see others viewing the house and creates a sense of urgency in putting the offer down amongst the buyers if they think theres competition

Crashy_Time

hounsehunterftb said:

OP, havent read all the replies so not sure if this has been already suggested. However how about an open day or block viewings? That might work if people see others viewing the house and creates a sense of urgency in putting the offer down amongst the buyers if they think theres competition

That is an out of date sales tactic used when banks were really dishing out the loans, wouldn`t work in the present climate, people are now cautious if not outright scared about their economic situation. If a house looks good on Rightmove, and is priced correctly, people will be interested assuming that there is demand for that type of house out there.

Crashy_Time

LittleMax said:

AnotherJoe said:

Crashy_Time said:

LittleMax said:

Crashy_Time said:

London7766551 said:

Likely already been said a million times but I would not pay 290 for this house. 230 at most. It is a bit of a weird shape and seem very squashed. It is a nice house still but not for that amount.

200k absolute tops IMO, and that is taking into consideration that we are in a property bubble and people`s sense of value has been twisted for years, and the fact that something sold in the street 12 months ago isn`t really relevant as 12 months is a Universe away in economic terms now.

Oh you do make me laugh - we paid £207k for it in 2012!  

Maybe you overpaid in 2012? Economy was ticking along back then, it isn`t now, when you sell it tell us how much then have your laugh at me, how does that sound?

The usual Crashy BS, house prices were only just starting to recover in 2012. A year or three after that they took off.

Indeed @anotherjoe is correct - when we bought house prices had been stagnant, it's the reason we bought a new build, they were competitively priced.  We rented out our old house and then sold it when the market started rising in 2015.

Slightly confused, are you saying that you think todays market is better than 2012, and that house prices are going to do something other than stagnate (or crash) ?

LittleMax

Crashy_Time said:

LittleMax said:

AnotherJoe said:

Crashy_Time said:

Maybe you overpaid in 2012? Economy was ticking along back then, it isn`t now, when you sell it tell us how much then have your laugh at me, how does that sound?

The usual Crashy BS, house prices were only just starting to recover in 2012. A year or three after that they took off.

Indeed @anotherjoe is correct - when we bought house prices had been stagnant, it's the reason we bought a new build, they were competitively priced.  We rented out our old house and then sold it when the market started rising in 2015.

Slightly confused, are you saying that you think todays market is better than 2012, and that house prices are going to do something other than stagnate (or crash) ?

No, I was informing you that your assertion that the Economy was ticking along back in 2012 was plain wrong! 

LittleMax

hounsehunterftb said:

OP, havent read all the replies so not sure if this has been already suggested. However how about an open day or block viewings? That might work if people see others viewing the house and creates a sense of urgency in putting the offer down amongst the buyers if they think theres competition

Yes, I have flagged in the rebooted ad that we are booking viewings for Saturday.  If only to try to get everyone booked together to save me having to keep heading over and opening up for one viewer who has possibly only added us on because we are so accommodating!  

AnotherJoe

Crashy_Time said:

AnotherJoe said:

Crashy_Time said:

AnotherJoe said:

Crashy_Time said:

AnotherJoe said:

Crashy_Time said:

LittleMax said:

Crashy_Time said:

London7766551 said:

Likely already been said a million times but I would not pay 290 for this house. 230 at most. It is a bit of a weird shape and seem very squashed. It is a nice house still but not for that amount.

200k absolute tops IMO, and that is taking into consideration that we are in a property bubble and people`s sense of value has been twisted for years, and the fact that something sold in the street 12 months ago isn`t really relevant as 12 months is a Universe away in economic terms now.

Oh you do make me laugh - we paid £207k for it in 2012!  

Maybe you overpaid in 2012? Economy was ticking along back then, it isn`t now, when you sell it tell us how much then have your laugh at me, how does that sound?

The usual Crashy BS, house prices were only just starting to recover in 2012. A year or three after that they took off.

Ok, so how much will this house sell for?

More than it cost in 2012. Hopefully the OP will be round to tell us at some point soon.

Its hard to generalise areas, but round here (central SE) prices are probably 40-50% above 2012.

Asking prices don`t count...LOL.

I'm talking selling prices. .... "LOL"

Can you pop up some postcodes so we can take a look?

Sure, look at Reading. Look at RG41 if you want to get close to my area. Thats where I've bought and sold since 2007.

Bought at 200 sold at 250 in 2014 (after an estimated low of 150 around 2010) by 2018 houses in same road were going for 300 they are now around 300k. House prices here have been flat the last couple years.

So,  that house I sold at 250 in 2014 would have been maybe 200 in 2012 (eg back to where i bought it 5 years previously to that)

Splatfoot

Crashy_Time said:

BrassicWoman said:

I live in the area. You're very over priced.

There you go, someone on the ground is telling you the reality, not someone hundreds of miles away on a keyboard.

Pot kettle black 

AnotherJoe

Crashy_Time said:

gwynlas said:

LittleMax said:

Yes, the not offering is strange - haven't they watched the property programmes, Phil and Kirsty rarely say go in with a full price offer!  Oh well if people are waiting for me to reduce and then offer the full asking, I can live with that. 
Yes, I promise I will let people know... if only to prove @Crashy_Time wrong  

There is no point lowering the price as you have had 15/16 viewings so it is not that which is putting people off. Rather than drop 10-20K at this point, dress as suggested and let people know that you are keen to sell and open to offers. If the house looked okay to viewers at least one is likely to have made an offer by now,

That is more or less the same as knocking 20k+ off, LOL. The difference nowadays is that people are not going home from a viewing and switching on a property show that is re-enforcing their decision to over-pay for a property, they are switching on SKY news etc. and hearing "Recession", "Depression", "Job losses", "Property Bubble Bursting" etc. etc. It all affects sentiment and with tightened lending and chains collapsing you find the reason that many sellers are not getting offers, not at the prices they would like anyway.

How would you know what prices sellers want since you have no experience of buying or selling??

My house went for sale at a price £25k above what i thought it might sell for. Its actually 'sold' at £10k above that figure i had in mind and £10k below asking. But i never expected to get asking.

Had i put it on for sale at the price i expected it would (1) have sold for less than because by and large people always want to feel they've got some money off and (2) it would have sold for less than i could get ...

... (assuming it all goes through of course, early days yet solicitors still doing their stuff)

Crashy_Time

LittleMax said:

Crashy_Time said:

LittleMax said:

AnotherJoe said:

Crashy_Time said:

Maybe you overpaid in 2012? Economy was ticking along back then, it isn`t now, when you sell it tell us how much then have your laugh at me, how does that sound?

The usual Crashy BS, house prices were only just starting to recover in 2012. A year or three after that they took off.

Indeed @anotherjoe is correct - when we bought house prices had been stagnant, it's the reason we bought a new build, they were competitively priced.  We rented out our old house and then sold it when the market started rising in 2015.

Slightly confused, are you saying that you think todays market is better than 2012, and that house prices are going to do something other than stagnate (or crash) ?

No, I was informing you that your assertion that the Economy was ticking along back in 2012 was plain wrong! 

Plain wrong, in comparison to now, you are joking?