House not selling

MeteredOut

ReadySteadyPop said:

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

May I please refer you to what was posted by someone just a couple of days ago (my bolding):

 "The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. "

(that someone was you)

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

May I please refer you to what was posted by someone just a couple of days ago (my bolding):

 "The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. "

(that someone was you)

Ok, why do you think the OP`s house hasn`t sold?

MeteredOut

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

May I please refer you to what was posted by someone just a couple of days ago (my bolding):

 "The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. "

(that someone was you)

Ok, why do you think the OP`s house hasn`t sold?

If i say its because its too expensive, will you stop posting the same stuff across multiple threads?

(its not one thing, and you know it - it's a complex mix of price, market sentiment, luck etc)

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

May I please refer you to what was posted by someone just a couple of days ago (my bolding):

 "The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. "

(that someone was you)

Ok, why do you think the OP`s house hasn`t sold?

If i say its because its too expensive, will you stop posting the same stuff across multiple threads?

(its not one thing, and you know it - it's a complex mix of price, market sentiment, luck etc)

Luck, no, I don`t agree, the first two plus borrowing costs maybe, there are always people interested in buying a half decent house.

Herzlos

I'm glad that's settled then. Are you done derailing the thread?

MeteredOut

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

May I please refer you to what was posted by someone just a couple of days ago (my bolding):

 "The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. "

(that someone was you)

Ok, why do you think the OP`s house hasn`t sold?

If i say its because its too expensive, will you stop posting the same stuff across multiple threads?

(its not one thing, and you know it - it's a complex mix of price, market sentiment, luck etc)

Luck, no, I don`t agree, the first two plus borrowing costs maybe, there are always people interested in buying a half decent house.

Of course luck is involved. You might put your house on the market one day after someone who would have loved it and offered on it has just completed on a different property.

Well, you wouldn't, because you're still renting

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

Yorkie1 said:

Herzlos said:

So mortgage lending rates aren't generally relative to the BOE base rate?

I believe they are linked more to inter-bank lending rates, or similar, rather than BOE.

Search "10 Year Yield". Some drops happening a couple of days ago as people rush out of stocks, and the media now trumpeting interest rate cuts "to help homeowners", but the problem with yields dropping is that it could mean recession which doesn`t help house sellers as people won`t borrow if their job is threatened.

May I please refer you to what was posted by someone just a couple of days ago (my bolding):

 "The point of this thread is to discuss a house not selling, and the OP said that houses in the wider area are not selling either, it isn`t a thread for discussing inflation expectations and how mortgage rates are priced, a quick internet search will explain that if you are interested. "

(that someone was you)

Ok, why do you think the OP`s house hasn`t sold?

If i say its because its too expensive, will you stop posting the same stuff across multiple threads?

(its not one thing, and you know it - it's a complex mix of price, market sentiment, luck etc)

Luck, no, I don`t agree, the first two plus borrowing costs maybe, there are always people interested in buying a half decent house.

Of course luck is involved. You might put your house on the market one day after someone who would have loved it and offered on it has just completed on a different property.

Well, you wouldn't, because you're still renting

Maybe, but if you are consistently getting views with the feedback that it is too expensive that is a different issue.

Herzlos

Hb92 said:

I have moved out of the property but my ex partner still lives there. I go back whenever we have a viewing to make sure it is neat and tidy but sometimes he leaves tools or boxes lying around, will this have an impact on viewings? I can't always go to the house for every viewing so I wonder what state it is left in if I don't check it? I've been in and sometimes find bananas going brown just left on the kitchen counter so I have to move them into a cupboard.

Coming back to this point as I think it's likely more relevant than all the price crash nonsense.

Does the ex want to sell? Is it possible that he's doing something that's putting off prospective buyers because he doesn't want to move or wants to be difficult?

The fact you've been getting viewings seems to indicate the price is in the ball park, and the lack of EA feedback possibly implies the viewers aren't comfortable explaining why they aren't interested.

Herzlos

Did you send a neutral 3rd party to do a viewing, or was that another thread?

I'd be very curious as to what the viewing experience is, from someone who the estate agent and partner don't know.

ReadySteadyPop

Herzlos said:

Did you send a neutral 3rd party to do a viewing, or was that another thread?

I'd be very curious as to what the viewing experience is, from someone who the estate agent and partner don't know.

I don`t think they know all the viewers? There has been quite few views of the property and the feedback is that the price needs to go lower? A friend or whoever walking round the house to see how the ex or agent are acting isn`t likely to have much value, price is the lever that sells houses not trying everything other than accepting that the issue is price.