Viewings fallen off, should I change estate agents?

ReadySteadyPop

Martico said:

In that case their understanding of data is as poor as yours. Net migration is still positive, to the tune of 400,000-odd in 12 months. This is like someone claiming that prices are falling when inflation dips from 4% to 2%

Demand is down and supply is up though, there must be plenty of people leaving as well, or is there some other reason?

Martico

Net migration already accounts for people leaving. That's what net means.
Who says that demand is down and supply is up? And by how much? And over what period? I can understand a spike in demand before the April tax changes that may be causing a short-term anomaly, and probably also an easing in demand as people come off low fixed rates and do their best to hunker down rather than seek to move, but nothing that moves the dial significantly. 
I can't believe I've returned to engaging with this character, I'll be back on the wagon soon.

ShinyStarlight1

I think I would change estate agents. Their job is to sell the house and they’ve failed to do so in a year. 

silvercar

ShinyStarlight1 said:

I think I would change estate agents. Their job is to sell the house and they’ve failed to do so in a year. 

Any serious buyer will have registered with a few agents. It’s normal for an agent to have exhausted their list of potential buyers after the initial surge of interest. Over a year on the market means at least one of (a) now isn’t the right time to sell, (b) the price is too high or (c) the property is too unique and you need to wait for the right buyer to come along.

Change agent if you don’t think they are now working hard on your property. May be just as good to ask the agent what you should do to the property to make it more attractive.

Hoenir

ShinyStarlight1 said:

I think I would change estate agents. Their job is to sell the house and they’ve failed to do so in a year. 

No EA's market property.  Not their job to convince somebody to buy it.  End of the day people have chosen to buy another property instead.  We've had same property on the market around here for 2 years with different agents. Price has never budged. Can only be that the vendors money expectations don't accord with those of potential buyers. For whatever reason it maybe. 

ReadySteadyPop

Martico said:

Net migration already accounts for people leaving. That's what net means.
Who says that demand is down and supply is up? And by how much? And over what period? I can understand a spike in demand before the April tax changes that may be causing a short-term anomaly, and probably also an easing in demand as people come off low fixed rates and do their best to hunker down rather than seek to move, but nothing that moves the dial significantly. 
I can't believe I've returned to engaging with this character, I'll be back on the wagon soon.

If NM has halved that is a lot less demand.

Herzlos

ReadySteadyPop said:

Martico said:

Net migration already accounts for people leaving. That's what net means.
Who says that demand is down and supply is up? And by how much? And over what period? I can understand a spike in demand before the April tax changes that may be causing a short-term anomaly, and probably also an easing in demand as people come off low fixed rates and do their best to hunker down rather than seek to move, but nothing that moves the dial significantly. 
I can't believe I've returned to engaging with this character, I'll be back on the wagon soon.

If NM has halved that is a lot less demand.

a lot less *increase* in demand. Population is still going *up*.

jimbog

ReadySteadyPop said:

Martico said:

Net migration already accounts for people leaving. That's what net means.
Who says that demand is down and supply is up? And by how much? And over what period? I can understand a spike in demand before the April tax changes that may be causing a short-term anomaly, and probably also an easing in demand as people come off low fixed rates and do their best to hunker down rather than seek to move, but nothing that moves the dial significantly. 
I can't believe I've returned to engaging with this character, I'll be back on the wagon soon.

If NM has halved that is a lot less demand.

You’re misunderstood this. It means that demand is still increasing 

caprikid1

Herzlos said:

ReadySteadyPop said:

Martico said:

Net migration already accounts for people leaving. That's what net means.
Who says that demand is down and supply is up? And by how much? And over what period? I can understand a spike in demand before the April tax changes that may be causing a short-term anomaly, and probably also an easing in demand as people come off low fixed rates and do their best to hunker down rather than seek to move, but nothing that moves the dial significantly. 
I can't believe I've returned to engaging with this character, I'll be back on the wagon soon.

If NM has halved that is a lot less demand.

a lot less *increase* in demand. Population is still going *up*.

You need to ignore RSP, they are a one trip pony, desperate to find stats to justify their narrative. 

RSP has succesfully predicted the last 3 house price drops 180 times.

ShinyStarlight1

Hoenir said:

ShinyStarlight1 said:

I think I would change estate agents. Their job is to sell the house and they’ve failed to do so in a year. 

No EA's market property.  Not their job to convince somebody to buy it…

It is, though. That’s why they put effort into taking good photos and also why they write all that flowery guff.