Seller feedback

Ath_Wat

Sarah1Mitty2 said:

Ath_Wat said:

Sarah1Mitty2 said:

Ath_Wat said:

Sarah1Mitty2 said:

Ath_Wat said:

angelasocks said:

Sarah1Mitty2 said:

jonnydeppiwish! said:

Given what you’ve said, and the pictures etc, I’d say it’s simply just overpriced.  If you’re not getting offers, then the price isn’t correct. 

Unfortunately, I think you now have a buyers market.

Unfortunately true I think, people will continue to say "change this, do that, drop this photo" etc. but that isn`t going to change anything about size, location, price and local amenities, which are the main things people look at.

Yes partly agree I've driven myself crazy at times wondering what's putting people off. Maybe people clock up the things that look shabby, tired, unkempt and mentally devalue the house.  They see £5k for a new kitchen I see £500 for new doors and oven.  They see £3k for gardener landscape, I see a few days graft and £100 for a skip bag and lawn seed.  I don't know maybe I'm wishful thinking.

A friend of mine went to look at house in June sounded bad, sunsafe tape over the gas boiler and really trashy sounding.  She told EA she wouldn't be making an offer and they told her an offer over asking price already made.  But that was June things look to be changing.

If they can get one with a new kitchen for £500 more than yours, why would anyone buy yours? How much do you think you have priced the house below one in top condition? 

They might buy it because they like the house better, or where it is situated, or if it faces the sun etc etc. many reasons.

Yeah - if it was a completely different house in a  completely different location. That's not really the point, as in that case all those factors are also affecting the price.  The comparison is to a theoretical similar house which has been updated, and how much the OP thinks they have differentiated their asking price from such a house, and whether their idea of the difference is realistic.

People are not going to find a house in a theoretical world though are they? The question was why would they buy the original house if they could get one with a new kitchen for about the same price - the answer is that they like the original house better!

Sigh.  Of course they might prefer it to a different house.  But the kitchen needing updating detracts from the value of the house, along with all sorts of other factors.  if the pricing does not take this into account, you have overpriced it, and they will buy a different one. I really don't know how better to explain this to you.  

No, you have no idea what "they" will do, all buyers are different, some people fall in love with a particular house some don`t, many people would try to get the price of the renovation discounted some might just buy it at the price and pay for the work themselves. Try thinking real world not theoretical and you might see things differently. 

Eh, ok.  It's always best to put run down houses up for sale for the same price as ones in perfect condition in case some idiot comes along and pays through the nose for it.  You're right, that's great advice.

housebuyer143

Sarah1Mitty2 said:

Ath_Wat said:

Sarah1Mitty2 said:

Ath_Wat said:

Sarah1Mitty2 said:

Ath_Wat said:

angelasocks said:

Sarah1Mitty2 said:

jonnydeppiwish! said:

Given what you’ve said, and the pictures etc, I’d say it’s simply just overpriced.  If you’re not getting offers, then the price isn’t correct. 

Unfortunately, I think you now have a buyers market.

Unfortunately true I think, people will continue to say "change this, do that, drop this photo" etc. but that isn`t going to change anything about size, location, price and local amenities, which are the main things people look at.

Yes partly agree I've driven myself crazy at times wondering what's putting people off. Maybe people clock up the things that look shabby, tired, unkempt and mentally devalue the house.  They see £5k for a new kitchen I see £500 for new doors and oven.  They see £3k for gardener landscape, I see a few days graft and £100 for a skip bag and lawn seed.  I don't know maybe I'm wishful thinking.

A friend of mine went to look at house in June sounded bad, sunsafe tape over the gas boiler and really trashy sounding.  She told EA she wouldn't be making an offer and they told her an offer over asking price already made.  But that was June things look to be changing.

If they can get one with a new kitchen for £500 more than yours, why would anyone buy yours? How much do you think you have priced the house below one in top condition? 

They might buy it because they like the house better, or where it is situated, or if it faces the sun etc etc. many reasons.

Yeah - if it was a completely different house in a  completely different location. That's not really the point, as in that case all those factors are also affecting the price.  The comparison is to a theoretical similar house which has been updated, and how much the OP thinks they have differentiated their asking price from such a house, and whether their idea of the difference is realistic.

People are not going to find a house in a theoretical world though are they? The question was why would they buy the original house if they could get one with a new kitchen for about the same price - the answer is that they like the original house better!

Sigh.  Of course they might prefer it to a different house.  But the kitchen needing updating detracts from the value of the house, along with all sorts of other factors.  if the pricing does not take this into account, you have overpriced it, and they will buy a different one. I really don't know how better to explain this to you.  

No, you have no idea what "they" will do, all buyers are different, some people fall in love with a particular house some don`t, many people would try to get the price of the renovation discounted some might just buy it at the price and pay for the work themselves. Try thinking real world not theoretical and you might see things differently. 

But they are not buying it, that's the problem, so clearly pricing it the same as those that don't need work is a bad strategy.

From earlier posts I believe the OP maybe can't see the extent of the issues in that they say " people see a £5k kitchen, I see £500". People definitely don't see a £5k kitchen, most are seeing £10k plus as a basic price, not sure what £500 will do to fix it. Same with the bathrooms and the garden. Without the OP being critical and knowing what needs doing and the cost for those works, it's likely they are not going to price it correctly. 

angelasocks

From earlier posts I believe the OP maybe can't see the extent of the issues in that they say " people see a £5k kitchen, I see £500". People definitely don't see a £5k kitchen, most are seeing £10k plus as a basic price, not sure what £500 will do to fix it. Same with the bathrooms and the garden. Without the OP being critical and knowing what needs doing and the cost for those works, it's likely they are not going to price it correctly. 

The kitchen carcass is sound, the sink unit needs replacing and I have a quote and waiting slot from fitter to do the work.  New doors should be fine the whole kitchen doesn't need replacing, unless the layout design is not just to their taste.

As for valuations - I've rechecked RM different houses on this block, different years sold  and I end up with a higher valuation than my original one.  So maybe the original house I used to base my valuation was sold undervalued. And no I'm not going to raise the price of my house based on this new valuation. 

An estate agent who has already looked at my house rang yesterday they seemed pretty confident they could get £115k + for my house. Are they just trying to get my business, maybe I don't know. 

housebuyer143

angelasocks said:

From earlier posts I believe the OP maybe can't see the extent of the issues in that they say " people see a £5k kitchen, I see £500". People definitely don't see a £5k kitchen, most are seeing £10k plus as a basic price, not sure what £500 will do to fix it. Same with the bathrooms and the garden. Without the OP being critical and knowing what needs doing and the cost for those works, it's likely they are not going to price it correctly. 

The kitchen carcass is sound, the sink unit needs replacing and I have a quote and waiting slot from fitter to do the work.  New doors should be fine the whole kitchen doesn't need replacing, unless the layout design is not just to their taste.

As for valuations - I've rechecked RM different houses on this block, different years sold  and I end up with a higher valuation than my original one.  So maybe the original house I used to base my valuation was sold undervalued. And no I'm not going to raise the price of my house based on this new valuation. 

An estate agent who has already looked at my house rang yesterday they seemed pretty confident they could get £115k + for my house. Are they just trying to get my business, maybe I don't know. 

I understand that's what you think but a buyer isn't going to come in and think "the doors just need replacing". They are going to walk in and see a room that needs to be gutted and started again, especially due to the wallpaper, lack of kickboards etc. They don't know the units and sound and will assume they are not. 

In your own house you might research all the different ways to do it cheaper but a buyer will take one look, think worst case and if they do not like work they imagine needs doing they won't offer or they will offer lower. 

If the units are sound you can get a kitchen transformation company to change all the doors etc for maybe £2k and it will look like a brand new kitchen, but almost no buyer is going to think like that tbh. 

angelasocks

Thanks Housebuyer - chap who's installing the new unit is coming tomorrow - I'll get a quote from him for new doors. 

lika_86

angelasocks said:

Thanks Housebuyer - chap who's installing the new unit is coming tomorrow - I'll get a quote from him for new doors. 

Nobody is suggesting you should do this. Don't throw money at the house which would be a waste, just spruce up and present it nicely and drop the price. 

Ath_Wat

angelasocks said:

Thanks Housebuyer - chap who's installing the new unit is coming tomorrow - I'll get a quote from him for new doors. 

You are still thinking along the lines of "How can I get someone to think my house is in perfect condition and pay an appropriate price?".   Drop the price instead.

Did you go back to the 100K offer and ask to meet in the middle at 110 or not?

angelasocks

Ath_Wat - I have already sanded and painted the doors over BH weekend - looks a lot better more homely.  I'm just mulling over if there are other things I can do to bring the price up or at least make it more appealing, certainly not perfect, without spending too much should I decide to wait till next year.  I might do the doors myself if I can (not great at diy but I'd like to learn)

The chap tomorrow is for a repair that in all honesty should be done before I sell. 

Some fab suggestions on this board so far that will only cost a few quid. 

No my personal preference is not usually to counter offer but wait see if the buyer comes back with a better offer.

Thanks again

t1redmonkey

I would say if you counter, you can just get a deal sorted there and then, instead of waiting and playing the 'will they or won't they' game.  To a lot of people if you don't counter, then they'll just assume you're not flexible on the asking price, cross it off their shortlist, and move on.

RAS

Don't waste money on new kitchen cabinet doors. 

Deep clean. Paint over the existing wall paper and those beams, sort out the kick-boards. Put away all the stuff or get shot.

For the cost of new doors, you can get the whole house looking clean and cared for. 

And kick out agents who describe a room as a kitchen/diner when it has no space for table.