Seller feedback

angelasocks

Thanks Ras yeah kickboards are next job.

angelasocks

t1redmonkey said:

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.

OH ok - never looked at it that way TBH

MovingForwards

Let's see what you've done @angelasocks

Ath_Wat

angelasocks said:

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

You'd be happy with £110k.  You're asking £120k.  Someone has offered £100k, and you've just said no, when that is a perfect "let's meet in the middle" offer.  If they are willing to pay 110K and they had the same attitude as you, they'd have just walked off without offering.  I'm sorry but just saying no and waiting is never (or hardly ever, let's say) going to work, especially when you've put it up well above the price you actually want.  Have you turned down any other offers?

And sorry, but that kitchen (and bathroom)  just needs either replacing or leaving alone, and I am not at all fussy about kitchens.  You are not going to do anything to it for "a few quid" that will make any difference.  Everyone will either be looking to replace it, or would just happily live with anything.

trakky14

Ath_Wat said:

angelasocks said:

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

You'd be happy with £110k.  You're asking £120k.  Someone has offered £100k, and you've just said no, when that is a perfect "let's meet in the middle" offer.  If they are willing to pay 110K and they had the same attitude as you, they'd have just walked off without offering.  I'm sorry but just saying no and waiting is never (or hardly ever, let's say) going to work, especially when you've put it up well above the price you actually want.  Have you turned down any other offers?

And sorry, but that kitchen (and bathroom)  just needs either replacing or leaving alone, and I am not at all fussy about kitchens.  You are not going to do anything to it for "a few quid" that will make any difference.  Everyone will either be looking to replace it, or would just happily live with anything.

Agree there should have been a counter offer there

Ath_Wat

In fact as the offer was less than a week ago, if you are genuinely happy with 110K  you would be far better served to stop messing about with cupboard doors and getting the estate agent to see if that buyer will go for it.

Sarah1Mitty2

Ath_Wat said:

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.

As I said we are not dealing with a pretend world where you make "all else being equal" comparisons and come up with theories about the mindset of buyers, there might be something particularly attractive about a certain house to a buyer, size location, "vibe" even that makes them overlook a 10k kitchen upgrade.

Ath_Wat

Sarah1Mitty2 said:

Ath_Wat said:

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.

As I said we are not dealing with a pretend world where you make "all else being equal" comparisons and come up with theories about the mindset of buyers, there might be something particularly attractive about a certain house to a buyer, size location, "vibe" even that makes them overlook a 10k kitchen upgrade.

Of course a bigger house in a better location could be worth as much as a smaller house in a  bad location with a good kitchen.  The fact remains that if the big house in a  better location had a new 10 K kitchen, it would be worth 10K more than either, and the small house in the bad location with a bad kitchen would be worth 10K less.   Nobody is saying nobody will ever pay for a house with a bad kitchen, just that everyone will pay less for a house with a bad kitchen than for a similar house with a new one.

What point are you trying to make? 

SusieT

Ath_Wat said:

Sarah1Mitty2 said:

Ath_Wat said:

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.

As I said we are not dealing with a pretend world where you make "all else being equal" comparisons and come up with theories about the mindset of buyers, there might be something particularly attractive about a certain house to a buyer, size location, "vibe" even that makes them overlook a 10k kitchen upgrade.

Of course a bigger house in a better location could be worth as much as a smaller house in a  bad location with a good kitchen.  The fact remains that if the big house in a  better location had a new 10 K kitchen, it would be worth 10K more than either, and the small house in the bad location with a bad kitchen would be worth 10K less.   Nobody is saying nobody will ever pay for a house with a bad kitchen, just that everyone will pay less for a house with a bad kitchen than for a similar house with a new one.

What point are you trying to make? 

I guess the point would be that someone like me could easily walk into a house with what others consider a wonderful a 10k kitchen and even after seeing brochure photos and giving the benefit of my doubts, would immediately think it is awful and that it would need to be ripped out straight away!  Obviously other people would love them, it is all a matter of taste, but I would not be making big changes to a kitchen to get buyers in, just decluttering it so that they can decide what they want to do with the available space.

Sarah1Mitty2

Ath_Wat said:

Sarah1Mitty2 said:

Ath_Wat said:

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.

As I said we are not dealing with a pretend world where you make "all else being equal" comparisons and come up with theories about the mindset of buyers, there might be something particularly attractive about a certain house to a buyer, size location, "vibe" even that makes them overlook a 10k kitchen upgrade.

Of course a bigger house in a better location could be worth as much as a smaller house in a  bad location with a good kitchen.  The fact remains that if the big house in a  better location had a new 10 K kitchen, it would be worth 10K more than either, and the small house in the bad location with a bad kitchen would be worth 10K less.   Nobody is saying nobody will ever pay for a house with a bad kitchen, just that everyone will pay less for a house with a bad kitchen than for a similar house with a new one.

What point are you trying to make? 

I think that is the question you need to answer.