House not selling

Herzlos

ReadySteadyPop said:

Hb92 said:

No problems with neighbours, it's a really quiet street so there's never any noise. Mostly elderly people live there

Could that put off younger buyers?

Why would it?

ReadySteadyPop

Hb92 said:

We have decided to drop the price again to £155k on advice by the EA for a quicker sale in the hope we can have a few offers. Yes i'll be in debt but i decided i'd rather that than be stuck to it and my ex. Thankfully i'm in a position where my Dad can pay off the outstanding bills for me and i can just owe him each month rather than the bank.

I've had a new viewing for the lower price now for this Saturday so here's hoping! 

How did that go?

julicorn

Herzlos said:

ReadySteadyPop said:

Hb92 said:

No problems with neighbours, it's a really quiet street so there's never any noise. Mostly elderly people live there

Could that put off younger buyers?

Why would it?

To be fair, it can happen. I once (many years ago) viewed a flat in a building with mostly elderly people, and felt very out of place (and also had the feeling of being watched by some of them coming in and out of the building). I think it's not unusual to want to live somewhere where you have neighbours in similar life stages to yourself. 

Slinky

julicorn said:

Herzlos said:

ReadySteadyPop said:

Hb92 said:

No problems with neighbours, it's a really quiet street so there's never any noise. Mostly elderly people live there

Could that put off younger buyers?

Why would it?

To be fair, it can happen. I once (many years ago) viewed a flat in a building with mostly elderly people, and felt very out of place (and also had the feeling of being watched by some of them coming in and out of the building). I think it's not unusual to want to live somewhere where you have neighbours in similar life stages to yourself. 

I think it's different with flats and houses. Younger people don't want to feel like they are living in a retirement block.

We have lots of older neighbours, it's the nature of the street. Most people have lived here for a long time. When houses come up for sale it's a toss-up whether we get other older people who want it for the location - level walking distance to the shops, doctors, garden centre etc, or younger people - nearby park and quiet, safe location, good catchment area for schools, for their children.

FreeBear

Slinky said:

julicorn said:

Herzlos said:

ReadySteadyPop said:

Hb92 said:

No problems with neighbours, it's a really quiet street so there's never any noise. Mostly elderly people live there

Could that put off younger buyers?

Why would it?

To be fair, it can happen. I once (many years ago) viewed a flat in a building with mostly elderly people, and felt very out of place (and also had the feeling of being watched by some of them coming in and out of the building). I think it's not unusual to want to live somewhere where you have neighbours in similar life stages to yourself. 

I think it's different with flats and houses. Younger people don't want to feel like they are living in a retirement block.

We have lots of older neighbours, it's the nature of the street. Most people have lived here for a long time. When houses come up for sale it's a toss-up whether we get other older people who want it for the location - level walking distance to the shops, doctors, garden centre etc, or younger people - nearby park and quiet, safe location, good catchment area for schools, for their children.

Similar situation on my road - Most people seem to buy when they have children and stay until they die (the owners, not the children). As a result. 75% of the properties are occupied by pensioners. Very rare to see a for sale board up - perhaps one every 5-10 years.

Hoenir

Quiet time of the year. Market will slowly pick up as Easter approaches. 

ReadySteadyPop

Thought the market was supposed to get busy in January?

Hb92

Yes most of the neighbours have lived their all of their lives so houses rarely go up for sale in our street. It is close to shops, doctors, dentist, bus routes, local hospital and the motorway so it's a good location. We do have younger neighbours but as I say most of them have been there for decades (which I think shows it's a good community). 

We had 2 viewings on Friday (7th Feb) and 1 on Saturday (8th Feb). We have 2 more today, one on Tuesday and 2 booked for Saturday. I haven't had any feedback from the EA yet but hoping they will call me today at least. 

My EA has a record breaking January so it was disappointing to know my house was left behind. But I think it's a good sign we have all of these viewings for the week as a start. I think I did the right thing by putting the price down because people seemed to like the house. I just need that person to come in and see the potential. We also have the biggest section of land in the street and the nearby streets too so it really is a bargain price if i'm honest. 

RelievedSheff

ReadySteadyPop said:

Thought the market was supposed to get busy in January?

It definitely seems to have picked up where we are.

Houses which had sat around for a few months are now under offer including a couple with what we thought were very optimistic asking prices.

Slinky

FreeBear said:

Slinky said:

julicorn said:

Herzlos said:

ReadySteadyPop said:

Hb92 said:

No problems with neighbours, it's a really quiet street so there's never any noise. Mostly elderly people live there

Could that put off younger buyers?

Why would it?

To be fair, it can happen. I once (many years ago) viewed a flat in a building with mostly elderly people, and felt very out of place (and also had the feeling of being watched by some of them coming in and out of the building). I think it's not unusual to want to live somewhere where you have neighbours in similar life stages to yourself. 

I think it's different with flats and houses. Younger people don't want to feel like they are living in a retirement block.

We have lots of older neighbours, it's the nature of the street. Most people have lived here for a long time. When houses come up for sale it's a toss-up whether we get other older people who want it for the location - level walking distance to the shops, doctors, garden centre etc, or younger people - nearby park and quiet, safe location, good catchment area for schools, for their children.

Similar situation on my road - Most people seem to buy when they have children and stay until they die (the owners, not the children). As a result. 75% of the properties are occupied by pensioners. Very rare to see a for sale board up - perhaps one every 5-10 years.

It was like that in our previous street, I lived there 24 years and still had the same neighbours when we moved away as when I moved in. The houses were built in the 1970s and many people have lived there since then or not long after. Our current street was built in the 1960s, and we're now seeing more coming up for sale as owners either go into care or pass away. A similar situation is starting to occur with our previous street.