Six weeks in and not One viewing !! What's wrong ?

mr.broderick

Commonsensesearcher wrote: »

Breaking the ceiling price for the area, stuck next to an estate full of new builds, next to a quarry, next to a sewage works, buyers market, mortgage choice reduced massively...

Mmm, let me see, maybe the bedroom ain't the right colour, nowt to do with price...

Why shouldn't they ever be broken?

RHemmings

mr.broderick wrote: »

Why shouldn't they ever be broken?

The post that you are following up says "buyers' market". Generally ceiling prices are broken when prices are going up. Many on this thread are claiming that prices are going down. If that's true (and it looks entirely plausible) then expecting to break the ceiling price is unrealistic. At this time.

d900

also that road looks busy

barnaby-bear

happypig wrote: »

It really isn't in their interest to purposely overcook the price - the property doesn't sell, they fork out for marketing week in week out and the upshot is that they don't make a penny.. in fact, they make a loss! Be more wary of those that go in too low.. nice quick sale for very little work! With two out of three coming up around the same price, I would say that they genuinely thought this was a fair price. Unless.. Did either of the £300K agents ask whether you'd already had it valued? And at what price.. or who with?

Some agents do commission based on the price it goes to market at not what it sells for so by overvaluing they are more likely to get the greedy vendor and make more if they drop the price later....

(no upstairs loo :eek: family house you'd want at least one decent upstairs bathroom - not very aspirational having guests use a downstairs family bathroom)

barnaby-bear

pinkshoes wrote: »

I'd say it was the price, as just a short distance away, there's a 4 bedroom detached house for £225k. It has 4 double bedrooms, downstairs cloakroom, ensuite to master bedroom, and a family bathroom:

http://www.rightmove.co.uk/viewdetails-7373898.rsp?pa_n=5&tr_t=buy

It may not be grade 2 listed, but perhaps that's a plus point for some people rather than a negative thing?

If you wanted grade 2 listed though would you want the very modern decor and fireplace... bit odd the decor and fittings as per a new build but the premium for an old house with odd layout and lack of toilet 'facilities'

limelands58

First of all I would like to thank you all for your comments. The vast majority being very helpful.
As soon as there is a sunny day I will take new photographs of the house, as I agree it does look a bit sad.
The ariel photos are a bit misleading. Yes there is a sewage outlet but in all honesty I forgot it was there and you can never smell it. The disused quarry has now been transformed into a nature reserve.
I agree with most of you on the price there is nothing like it nearbyb which I think is the difficulty. I think a reduction in price and new photos are the starting point. But not down as far as 180.

Cheers,
Simon

RoxieW

V expensive for a 3 bed without upstairs bathroom. I have some personal knowledge of the area and if I was looking to buy wouldn;t consider going over £225K for a 3 bed - however nice the house.

Guy_Montag

limelands58 wrote: »

First of all I would like to thank you all for your comments. The vast majority being very helpful.
As soon as there is a sunny day I will take new photographs of the house, as I agree it does look a bit sad.
The ariel photos are a bit misleading. Yes there is a sewage outlet but in all honesty I forgot it was there and you can never smell it. The disused quarry has now been transformed into a nature reserve.
I agree with most of you on the price there is nothing like it nearbyb which I think is the difficulty. I think a reduction in price and new photos are the starting point. But not down as far as 180.

Cheers,
Simon

Perhaps mention the nature reserve as a feature, so that people like me don't jump to conclusions.

missk_ensington

Ive copied and pasted this from another post Ive just done, this is my opinion...

I dont know what things are like in your area but in Lancaster nothing is selling. On my street there are 4 houses that have been for sale since November (to my knowledge) and there doesnt seem to be much activity. Everywhere I drive there are hubndreds of 'For Sale' signs but no 'Sold' signs. It wasn't helped by the HIPs coming in, because the agents in Lancaster sent everyone letters telling them if they were thinking of selling to do it now and avoid HIP costs... so the market is flooded. Then if people start getting desperate because their fixed rate has ended and they cant afford standard rate, then deals will get more cometitive, people will put in really cheeky offers well below asking price, a lot will accept just to get rid and avoid repossession and that'll drive down values even more. For those who just want to move house and dont need to get rid urgently wont have a chance of selling because someone in the same street probably is in the aforesaid difficulty and will sell pretty much the same house for less than you

Commonsensesearcher

RHemmings wrote: »

The post that you are following up says "buyers' market". Generally ceiling prices are broken when prices are going up. Many on this thread are claiming that prices are going down. If that's true (and it looks entirely plausible) then expecting to break the ceiling price is unrealistic. At this time.

Exactly RHemmings!

Maybe a suggestion for the vendor would be to drop below the £300,000 mark, say at £295,000. Still not convinced it'll generate any more interest but possibly worth a try. My gut feeling is that a buyer won't be prepared to shell out any more than £250k and be looking at coming in under the stamp duty band change...