House not selling

ReadySteadyPop

Hb92 said:

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. 

Cutting the price is the absolute best route to a sale.

FreeBear

Slinky said:

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.

I think I'm the longest serving resident along *this road. The house was purchased sometime last century for (this bit will pee off Crashy Time) just £4000. Worth a bit more now, but I'm in no hurry to sell.

EssexHebridean

FreeBear said:

Slinky said:

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.

I think I'm the longest serving resident along *this road. The house was purchased sometime last century for (this bit will pee off Crashy Time) just £4000. Worth a bit more now, but I'm in no hurry to sell.

Oh yeah, you SAY that, but you wait - in 6 months that place will only be worth £2k after that long predicted market crash(y) has happened....
...oh, wait....  

We were the longest standing Leaseholder in our section of the flat block before we moved out - bought in 2003 for £93k, sold 20 years later for £204k. Another flat in the section next door sold a year later for £205k. the one that is now on the market for £220k is beautifully presented, but I can't begin to think what the seller is thinking trying to go that far above what anyone else has achieved! (Even the one that sold as a 3 bed some years ago only got to £210k! 

FreeBear

EssexHebridean said:

FreeBear said:

Slinky said:

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.

I think I'm the longest serving resident along *this road. The house was purchased sometime last century for (this bit will pee off Crashy Time) just £4000. Worth a bit more now, but I'm in no hurry to sell.

Oh yeah, you SAY that, but you wait - in 6 months that place will only be worth £2k after that long predicted market crash(y) has happened....
...oh, wait....

Try £350K to £375K.

A £2K offer is, once I've stopped laughing, likely to see me reaching for a very large clue bat.

ReadySteadyPop

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?

Different lifestyles, like attracts like.

EssexHebridean

FreeBear said:

EssexHebridean said:

FreeBear said:

Slinky said:

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.

I think I'm the longest serving resident along *this road. The house was purchased sometime last century for (this bit will pee off Crashy Time) just £4000. Worth a bit more now, but I'm in no hurry to sell.

Oh yeah, you SAY that, but you wait - in 6 months that place will only be worth £2k after that long predicted market crash(y) has happened....
...oh, wait....

Try £350K to £375K.

A £2K offer is, once I've stopped laughing, likely to see me reaching for a very large clue bat.

You missed the very unsubtle forum in-joke there, didn’t you… 😉

FreeBear

EssexHebridean said:

FreeBear said:

EssexHebridean said:

FreeBear said:

Slinky said:

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.

I think I'm the longest serving resident along *this road. The house was purchased sometime last century for (this bit will pee off Crashy Time) just £4000. Worth a bit more now, but I'm in no hurry to sell.

Oh yeah, you SAY that, but you wait - in 6 months that place will only be worth £2k after that long predicted market crash(y) has happened....
...oh, wait....

Try £350K to £375K.

A £2K offer is, once I've stopped laughing, likely to see me reaching for a very large clue bat.

You missed the very unsubtle forum in-joke there, didn’t you… 😉

Nah.. Just getting the Tesco bag ready and having thoughts about the pond.

ReadySteadyPop

Any feedback from the viewings?

ReadySteadyPop

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?

Another reason could be the "feeling watched" element that another poster pointed out?

RHemmings

ReadySteadyPop said:

Cutting the price is the absolute best route to a sale.

To me, cutting the price would be a strange thing to do in the middle of a flurry of viewings. At least see what offers (if any) come out of the current viewings.