House not selling

peterhjohnson

Hb92 said:

. We originally bought the house for £170k.

Was the house a new build?

[Deleted User]

I am just wondering if at 175k your house type is very typical for the area. That's the price of a 2 up 2 down here, and so there's dozens of sales which indicate the valuation reliably. As such it's really quite clear what that type of house is worth.

Looking objectively, are there options nearby offering more space or entirely refurbished at your price point. How do houses compare that have sold at your price point?

What does the estate agent suggest is the issue?

Actually there is something else. I do imagine that the presentation of the place is likely to suffer on viewings with him living there. I think you at least imply that and it's an assumption i would make. Perhaps it is time to be more direct with him. He should really think about his father's address as an option. And, won't second home stamp duty hit him for £. 

ReadySteadyPop

[Deleted User] said:

I am just wondering if at 175k your house type is very typical for the area. That's the price of a 2 up 2 down here, and so there's dozens of sales which indicate the valuation reliably. As such it's really quite clear what that type of house is worth.

Looking objectively, are there options nearby offering more space or entirely refurbished at your price point. How do houses compare that have sold at your price point?

What does the estate agent suggest is the issue?

Actually there is something else. I do imagine that the presentation of the place is likely to suffer on viewings with him living there. I think you at least imply that and it's an assumption i would make. Perhaps it is time to be more direct with him. He should really think about his father's address as an option. And, won't second home stamp duty hit him for £. 

People will overlook this for a house they like at the right price, however if the price is too high they will just use "too cluttered" etc. as an excuse to walk away without having the "asking too much conversation".

ReadySteadyPop

peterhjohnson said:

Hb92 said:

. We originally bought the house for £170k.

Was the house a new build?

You would probably need to knock at least 20k off now if it was?

Dustyevsky

peterhjohnson said:

Hb92 said:

. We originally bought the house for £170k.

Was the house a new build?

The OP bought in Feb'23 and has installed a new bathroom using a loan, so it's unlikely to be a new build.

Herzlos

ReadySteadyPop said:

[Deleted User] said:

I am just wondering if at 175k your house type is very typical for the area. That's the price of a 2 up 2 down here, and so there's dozens of sales which indicate the valuation reliably. As such it's really quite clear what that type of house is worth.

Looking objectively, are there options nearby offering more space or entirely refurbished at your price point. How do houses compare that have sold at your price point?

What does the estate agent suggest is the issue?

Actually there is something else. I do imagine that the presentation of the place is likely to suffer on viewings with him living there. I think you at least imply that and it's an assumption i would make. Perhaps it is time to be more direct with him. He should really think about his father's address as an option. And, won't second home stamp duty hit him for £. 

People will overlook this for a house they like at the right price, however if the price is too high they will just use "too cluttered" etc. as an excuse to walk away without having the "asking too much conversation".

On the flip side, people wouldn't be viewing at all if the price was wrong, and people in general have no imagination as well as being risk averse (buying a house is the biggest decision someone is likely to make), so can be put off by surprisingly trivial things that rationally wouldn't be a problem. Like it being too cluttered, feeling 'off', not liking the drive across the estate, etc.

If the house was perfect but the price was too high, I'd expect the feedback to reflect that and there to be some questions or cheeky offers. So I think something else is the problem, not that they couldn't overcome it by dropping the price, but I don't think it's inherently overpriced as you seem to be insisting on.

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

[Deleted User] said:

I am just wondering if at 175k your house type is very typical for the area. That's the price of a 2 up 2 down here, and so there's dozens of sales which indicate the valuation reliably. As such it's really quite clear what that type of house is worth.

Looking objectively, are there options nearby offering more space or entirely refurbished at your price point. How do houses compare that have sold at your price point?

What does the estate agent suggest is the issue?

Actually there is something else. I do imagine that the presentation of the place is likely to suffer on viewings with him living there. I think you at least imply that and it's an assumption i would make. Perhaps it is time to be more direct with him. He should really think about his father's address as an option. And, won't second home stamp duty hit him for £. 

People will overlook this for a house they like at the right price, however if the price is too high they will just use "too cluttered" etc. as an excuse to walk away without having the "asking too much conversation".

On the flip side, people wouldn't be viewing at all if the price was wrong, and people in general have no imagination as well as being risk averse (buying a house is the biggest decision someone is likely to make), so can be put off by surprisingly trivial things that rationally wouldn't be a problem. Like it being too cluttered, feeling 'off', not liking the drive across the estate, etc.

If the house was perfect but the price was too high, I'd expect the feedback to reflect that and there to be some questions or cheeky offers. So I think something else is the problem, not that they couldn't overcome it by dropping the price, but I don't think it's inherently overpriced as you seem to be insisting on.

One issue could be that buyers have loads and loads of property to choose from, some buyers could be viewing literally dozens of properties in this market where inventory keeps rising.

https://www.rightmove.co.uk/news/articles/property-news/record-breaking-boxing-day-bounce-2024/

Hb92

(Removed by Forum Team) 
Any advice would be appreciated. We had 2 viewings right before Christmas and we have another scheduled for this Saturday but nothing else booked in as of yet

Herzlos

That's much cleaner than I remember (I might be getting confused with another house), I can't see anything wrong with it and you're getting viewings. The location seems decent too.

It's a lovely house and garden too.

Did you get any feedback from the December viewings?

I think the biggest offputting factor is that it backs onto a terrace of what look like council houses (no indication if they are ex-council or not) with no parking, the caravan on streetview and that cars are driving over the greenspace to the side to park on the path nearer houses. 

I'm not sure how much of a concern it is; sharing a wall is better for heat, but introduces noise.

Hb92

So we had feedback to say they loved the property but still had more to view so haven't made any decisions yet. We also had another couple say they loved the house but didn't have any money in the budget to redo the kitchen so wouldn't make an offer.

The estate was built in the 1960's for council housing but now they are all privately owned.

Surprisingly we don't hear any noise from the house that backs onto us but yoi wouldn't be able to tell from just a viewing.