EA coming over to discuss our marketing. Please advise!

cranezoe

Caffca wrote: »

(is the EA vertically challenged or have you got a very high bed). :rotfl: :rotfl: :rotfl: :rotfl:

I prefer to see as much detail as possible. I will ask him about a photo of bedroom2 (wasnt done last time as our toddler was asleep in bed when he came) and taking a photo from the door looking at the "dining area"/dining table.. would be good too. not sure how many photos they would want to have on?
I like seeing floorplans too :T they dont tend to have them for two-beds round here.

as for feedback - one woman said the lounge was too small for her "seats 8! table and chairs" and they EA couldnt get hold of the other.

pamaris

cranezoe wrote: »

Im worried that could backfire on us! yes we are looking for a more expensive house as we want 3 bedrooms so we can plan to extend our family and we want to have a seperate eating area/kitchen diner.
we have seen a few places we like but the prices havent dropped on these and Im worried that we could take a low offer and then not be able to move forward because we couldnt negotiate the drop in the next place

Really, you won't know whether the prices have dropped on the next rung up until you make offers & they're rejected. If you get someone to accept less than asking, then prices have dropped.

kunekune

Well, it would be too small for an 8 seater table ... why was she looking at a 2 bedroom house? I second the comments about the photos. In particular, it's important for a buyer to see that you have room for a table (even if it isn't a big one) as well as the bar area in the kitchen, since you can't really feed children at that.

I like floor plans, because I hate wasting anyone's time with a house that isn't suitable - if in doubt, I use a room planning site with the measurements to see whether my furniture will fit. I don't make anyone tidy up just to confirm a suspicion about size.

cranezoe

thanks for your help everyone.

(and no it wasa large table....she was splitting from her partner and its all she can afford. not sure what she was expecting from our two bed!)

we havent had any FTB which suprised me but I understand that people are being priced out of todays market - we couldnt have afforded to buy this house now if we were FTB, the house was £128k when we bought in 04.

RHemmings

I would be worried about this three bed property coming on at less than your asking price. But there's no photo yet, so it might be a dump. It would at least be worth having a look.

http://www.rightmove.co.uk/viewdetails-16681651.rsp?pa_n=1&tr_t=buy

It appears to be across some fields from yours. Is this a "different part of town"?

I'd agree with others who mention that your asking price is above the ceiling for a terraced house on the street. While this was standard operating procedure when prices were going up, it's a bit more risky now.

If the EA suggests dropping the price, then remember that it's not uncommon for EAs to value a property high to get your business, then get you to drop the price to a more realistic level.

If you can't get enough to move to the next (3 bed) rung on the ladder now, this may change over the next few years.

RHemmings

pamaris wrote: »

Really, you won't know whether the prices have dropped on the next rung up until you make offers & they're rejected. If you get someone to accept less than asking, then prices have dropped.

It costs nothing to make low offers on properties you might be interested in if they were cheaper. If you make low offers and refuse to move them up past a certain level, then you may even be instrumental in those vendors eventually accepting a more realistic price.

pinkshoes

You should lower the price, and then put proportionally lower offers in on other houses you want to buy. If no one will accept your lower offers, then just pull out of the sale of your house, and wait a while. (This may p*ss off your buyer, but such is life).

cranezoe

we called about the 3 bed that appears to be coming on. we called 6 weeks ago and tried to arrange to view it infact but its not actually coming to market! the EA told me that the vendors are in the middle of a family rift and so they arent sending out details or arranging viewings. shrug!

"If you make low offers and refuse to move them up past a certain level, then you may even be instrumental in those vendors eventually accepting a more realistic price" - I lke this idea, just worried about it working.

And yeah, pinkshoes you are right, we could be cr*p and pull out of any deal.

wondering what the EA will wnat to be saying to us tomorrow....

Jorgan_2

cranezoe wrote: »

would dropping the price a small amount make difference to getting people to view it or are we better sticking to what we have it at?

People tend to look in price bands, e.g. If they are looking to spend £155k they will look upto £160k with a view to making an offer. So you would have to drop the asking price to £154,950 to attract new buyers.

cranezoe wrote: »

the EA also mentioned thinking about dropping it slightly and then having it as overs in excess of this amount...?

Offers in excess off don't appear to be popular, there was a thread on here the other week about it.

If you are concerned about trying to find a property once you have accepted an offer, instruct your agent to inform your buyer that any offer you accept is conditional to you finding a suitable property. Any offer would be conditional anyway, but sometimes it needs to be spelt out.

cranezoe

yeah I suspected we would have to drop it under £155k to make any real difference. thanks .