No suitable homes for sale?

jrawle

annabanana82 said:

Finding similar though we don't even have our house on the market yet. 

The latest flurry of houses are outside of our budget -  some are more than what we are looking for and some just seem over priced. But what we want just doesn't seem to be coming on the market. Our top budget is around £350k but that has to be perfect ideally I don't want to spend more than £320k 

We are looking in South Gloucestershire and South Gloucester. I keep hearing the Bristol market is still hot but not sure how true that is? 

The potential buyer for whom your current house would be perfect is probably also sitting there thinking it just never seems to come to market!

amandaleeds

housebuyer143 said:

You really need a bit of luck. I had a house in my mind that I wanted and honestly I was just super lucky it came up at the right time because I can count on one hand the number of houses I thought could be suitable on Rightmove over the past 3 years. 
Either lower expectations or keep waiting.

Dream house at a cheap price came on last Jan, but they wouldn't accept my offer of 10k over as I needed a few days to get my flat on the market (and they had an offer at asking price from a proceedable buyer). Sold my place, and in May two 'OK' properties came on, one which was fine, just needed a bit of updating, and the other needed about 30k spending on it as the landlord hadn't touched it in 20 years and the garden needed seriously landscaping. I offered on both properties, and rejected despite no other offers. Eventually both withdrew from the market. The estate agent of the ex rental said the landlord wanted 10k more than they'd valued it at. The other house withdrew as they hadn't been able to find a bungalow to downsize to.

Had an offer accepted on a house that wasn't at all what I wanted but I was getting desperate. Needed a fair bit of work but was liveable. After some research, I discovered the homes in that development had struggled to sell for years, due to the layout of the interior (bedroom downstairs, kitchen uostairs) and lack of parking. Everyone said it was a bad decision to panic buy something.  At it wasn't my forever home, it seemed to risky to spend 30k money fixing it up and renovating it, to then struggle to sell 5 years later.

Saw another home thar had been flipped and asking price was 20% above similar recently sold prices when interest rates were more affordable. It's a much bigger house than I need, therefore more than I need to spend. I've offered three times, within 10% of asking price, but rejected. I'm the only offer in two months since coming to market, and it's now changed to 'offers in excess of'.. 

strawb_shortcake

jrawle said:

annabanana82 said:

Finding similar though we don't even have our house on the market yet. 

The latest flurry of houses are outside of our budget -  some are more than what we are looking for and some just seem over priced. But what we want just doesn't seem to be coming on the market. Our top budget is around £350k but that has to be perfect ideally I don't want to spend more than £320k 

We are looking in South Gloucestershire and South Gloucester. I keep hearing the Bristol market is still hot but not sure how true that is? 

The potential buyer for whom your current house would be perfect is probably also sitting there thinking it just never seems to come to market!

Hopefully 6-7 weeks and we'll be ready to put it on the market! 

Gavin83

amandaleeds said:

Anyone having any luck? I can't remember the last time an estate agent rang me or emailed about a suitable upcoming property? Everything posted on rightmove in my search areas is ex rental or probate and needs too much work, or would be fine as a 6 month rental, but not as a home (i.e. no parking nearby, busy road, cramped inside, no garden).
Still waiting for that 'flood' of Spring properties the estate agents keep promising me. Meanwhile everything on Rightmove seems stagnant for the best part of a year, so clearly overpriced?

Been looking since Jan last year, as the previous year I saw a lot of suitable and affordable places, but couldn't offer as I wasn't proceedable. Now in unsuitable temporary accommodation as I had to sell due to my buyer threatening to pull out. 

Feeling huge pangs of regret, after initially looking forward to moving to a home in a lovely new location with a garden and easier commute.

People are being told house prices are reducing and it's a buyers market at the moment. Understandably that'll put a lot of people off selling and if they can they're likely to wait until the market looks more beneficial to them.

The majority of people who sell will be those that have to. A lot of those will be elderly people as they're far more likely to die or go into care. Therefore I expect they'll be a higher than average amount of probate houses and from when I looked I found those houses owned by the elderly were generally more run down and needed more work than those owned by younger people.

You just need to keep looking and be patient. Once it becomes more of a sellers market again, or at least evens up you'll find more options available. Unfortunately the prices are likely to be higher but that's the disadvantage of that situation.

If you want to buy sooner you may need to re-adjust your expectations. A lot of people have very narrow search criteria and therefore it's natural that the options available will be limited. Often they want the same houses everyone else does as well so you'll naturally have far more competition. 

amandaleeds

Gavin83 said:

amandaleeds said:

Anyone having any luck? I can't remember the last time an estate agent rang me or emailed about a suitable upcoming property? Everything posted on rightmove in my search areas is ex rental or probate and needs too much work, or would be fine as a 6 month rental, but not as a home (i.e. no parking nearby, busy road, cramped inside, no garden).
Still waiting for that 'flood' of Spring properties the estate agents keep promising me. Meanwhile everything on Rightmove seems stagnant for the best part of a year, so clearly overpriced?

Been looking since Jan last year, as the previous year I saw a lot of suitable and affordable places, but couldn't offer as I wasn't proceedable. Now in unsuitable temporary accommodation as I had to sell due to my buyer threatening to pull out. 

Feeling huge pangs of regret, after initially looking forward to moving to a home in a lovely new location with a garden and easier commute.

People are being told house prices are reducing and it's a buyers market at the moment. Understandably that'll put a lot of people off selling and if they can they're likely to wait until the market looks more beneficial to them.

The majority of people who sell will be those that have to. A lot of those will be elderly people as they're far more likely to die or go into care. Therefore I expect they'll be a higher than average amount of probate houses and from when I looked I found those houses owned by the elderly were generally more run down and needed more work than those owned by younger people.

You just need to keep looking and be patient. Once it becomes more of a sellers market again, or at least evens up you'll find more options available. Unfortunately the prices are likely to be higher but that's the disadvantage of that situation.

If you want to buy sooner you may need to re-adjust your expectations. A lot of people have very narrow search criteria and therefore it's natural that the options available will be limited. Often they want the same houses everyone else does as well so you'll naturally have far more competition. 

Yes already changed my search location to a cheaper area, open to street parking (though not ideal), given up on a lot of other 'essential' criteria that most of the sold houses in my price bracket have. 

It's also a huge amount of money to spend on a home that's either not practical or that you really hate and would want to change everything. My flat I sold was pretty bland and dated, but very practical space, and not too expensive to make nice without any major rennovation. I just need a house like that 😆 I know lots exists, but people are nervous about selling. I just decided I had to sell or I wouldn't be proceedable to offer on anything else. I didn't have a problem selling as I priced it fair, and accepted a lower offer with the 2nd buyer (1st one found a chain free place) as the market had cooled.
Just waiting for the Spring flood of buyers keen to move before summer. This time last year I'd expected to be in a new home by summer, then Christmas, then easter...

amandaleeds

draiggoch said:

If any of the over priced houses on Rightmove take your fancy make them an offer stating you are chain free. That’s what I did.

Yes I've recently made three offers on one house that's the only one I'd consider. I'm the only person who's offered in 2 months, and they've lowered the price to 'offers in excess of' a value way above mine, and still way above comparable recently sold prices. They know I'm chain free with a 50% deposit. They keep saying they're holding out for the top price though as they've spent a lot of money renovating it.

I was due to view a new to market property that seemed a really good option (affordable and liveable, with potential to make nice), but after three days on the market they called to say they'd changed their mind about selling as they'd been there 40 years. There was someone I found on Facebook who contacted me to say she was looking at selling up, but she's changed her mind too. Someone else messaged me to say they were selling, but not until December 😬

Smalltownhypocrite

amandaleeds said:

housebuyer143 said:

You really need a bit of luck. I had a house in my mind that I wanted and honestly I was just super lucky it came up at the right time because I can count on one hand the number of houses I thought could be suitable on Rightmove over the past 3 years. 
Either lower expectations or keep waiting.

Dream house at a cheap price came on last Jan, but they wouldn't accept my offer of 10k over as I needed a few days to get my flat on the market (and they had an offer at asking price from a proceedable buyer). Sold my place, and in May two 'OK' properties came on, one which was fine, just needed a bit of updating, and the other needed about 30k spending on it as the landlord hadn't touched it in 20 years and the garden needed seriously landscaping. I offered on both properties, and rejected despite no other offers. Eventually both withdrew from the market. The estate agent of the ex rental said the landlord wanted 10k more than they'd valued it at. The other house withdrew as they hadn't been able to find a bungalow to downsize to.

Had an offer accepted on a house that wasn't at all what I wanted but I was getting desperate. Needed a fair bit of work but was liveable. After some research, I discovered the homes in that development had struggled to sell for years, due to the layout of the interior (bedroom downstairs, kitchen uostairs) and lack of parking. Everyone said it was a bad decision to panic buy something.  At it wasn't my forever home, it seemed to risky to spend 30k money fixing it up and renovating it, to then struggle to sell 5 years later.

Saw another home thar had been flipped and asking price was 20% above similar recently sold prices when interest rates were more affordable. It's a much bigger house than I need, therefore more than I need to spend. I've offered three times, within 10% of asking price, but rejected. I'm the only offer in two months since coming to market, and it's now changed to 'offers in excess of'.. 

So they outright rejected your low ball offer THREE times and now changed it to 'offers above'... I think you need to take the hint. Doing that will get you blacklisted, even if you offer over they are unlikely to deal with you because you'll have left a reputation as a nuisance who plays silly games.

Just because its 'bigger than you need' etc... doesn't mean you get money off. If its a flip they likely put money into it and won't take a loss.

If you don't think its worth it then just don't buy it but they don't have to sell it for your self appointed 'valuation' of it. The fact its 'the only suitable one' says it is actually worth money though.

Hoenir

How many Estate Agents are you actively engaged in talking too?  Agree it's not the usual turn of the year pick up. Two properties near us have sold without being listed on Rightmove. Suggests that EA's have no need to. As they've potential customers on their books who they are allowing to view first. While prices are holding up. Transactional volume is most certainly down. 

amandaleeds

Smalltownhypocrite said:

amandaleeds said:

housebuyer143 said:

You really need a bit of luck. I had a house in my mind that I wanted and honestly I was just super lucky it came up at the right time because I can count on one hand the number of houses I thought could be suitable on Rightmove over the past 3 years. 
Either lower expectations or keep waiting.

Dream house at a cheap price came on last Jan, but they wouldn't accept my offer of 10k over as I needed a few days to get my flat on the market (and they had an offer at asking price from a proceedable buyer). Sold my place, and in May two 'OK' properties came on, one which was fine, just needed a bit of updating, and the other needed about 30k spending on it as the landlord hadn't touched it in 20 years and the garden needed seriously landscaping. I offered on both properties, and rejected despite no other offers. Eventually both withdrew from the market. The estate agent of the ex rental said the landlord wanted 10k more than they'd valued it at. The other house withdrew as they hadn't been able to find a bungalow to downsize to.

Had an offer accepted on a house that wasn't at all what I wanted but I was getting desperate. Needed a fair bit of work but was liveable. After some research, I discovered the homes in that development had struggled to sell for years, due to the layout of the interior (bedroom downstairs, kitchen uostairs) and lack of parking. Everyone said it was a bad decision to panic buy something.  At it wasn't my forever home, it seemed to risky to spend 30k money fixing it up and renovating it, to then struggle to sell 5 years later.

Saw another home thar had been flipped and asking price was 20% above similar recently sold prices when interest rates were more affordable. It's a much bigger house than I need, therefore more than I need to spend. I've offered three times, within 10% of asking price, but rejected. I'm the only offer in two months since coming to market, and it's now changed to 'offers in excess of'.. 

So they outright rejected your low ball offer THREE times and now changed it to 'offers above'... I think you need to take the hint. Doing that will get you blacklisted, even if you offer over they are unlikely to deal with you because you'll have left a reputation as a nuisance who plays silly games.

Just because its 'bigger than you need' etc... doesn't mean you get money off. If its a flip they likely put money into it and won't take a loss.

If you don't think its worth it then just don't buy it but they don't have to sell it for your self appointed 'valuation' of it. The fact its 'the only suitable one' says it is actually worth money though.

I was within 10% of asking price and offering similar to bigger homes of similar standard that had recently sold, and that was when mortgages were more affordable. They've had lots of viewings but only offers from me. There's a bigger house on the next street that's asking for around the same amount I offered for the smaller home. It's also fully refurbished, just not to my taste. 

amandaleeds

Hoenir said:

How many Estate Agents are you actively engaged in talking too?  Agree it's not the usual turn of the year pick up. Two properties near us have sold without being listed on Rightmove. Suggests that EA's have no need to. As they've potential customers on their books who they are allowing to view first. While prices are holding up. Transactional volume is most certainly down. 

Yes I've registered with all the ones who are selling or have sold in that area, and contact them regularly. They just keep sending me completely unsuitable homes i.e. flats instead of houses, city centre instead of rural. Also keep posting on local fb groups.