House prices in Leeds

Dunstan_2

Snooze wrote: »

I think in the current market it needs to be more like £100k to attract any real amount of interest.

2p..

Rob

Wow. Paid more than that 4 years ago. Looks like we'll have to hang tight then.

jtownson

I am in Leeds 12 and sold my terraced property within 2 weeks of it going on tghe market (in Jan) for just 4k off the asking price. This was completed on last month

2p....

Dunstan_2

jtownson wrote: »

I am in Leeds 12 and sold my terraced property within 2 weeks of it going on tghe market (in Jan) for just 4k off the asking price. This was completed on last month

2p....

Could I ask you which agent you were with? Sounds like it must have been a realistic valuation

skintlass

Optikal wrote: »

Considering selling my 2 bid mid terrace townhouse in LS10 atm. As soon as i get the final bit of work done, i'll have it valued and see what the EA's think. But i'm worried because i need to sell for 82 - 83k and whilst three houses on my street sold for 84 last year, i'm not sure if this little pocket of LS will hold steady long enough for me to break even.

EDIT: I was considering using Manning Stainton, Reeds Rains and/or Barrington Blake to value/sell and was wondering if anyone had any experience with these EA's?

I was with reeds rains - I found them incompetent and have now changed to Manning stainton who seem to be trying to be more proactive.

fimonkey

Optikal wrote: »

EDIT: I was considering using Manning Stainton, Reeds Rains and/or Barrington Blake to value/sell and was wondering if anyone had any experience with these EA's?

We spoke to all three, Reids Reins were definately the most experienced and v professional, but also the most expensive and wouldn't budge on price. Barrington Blake had a couple of young and inexperienced ppl runnnig the shop floor, they were able to reduce their fee to 1% with no tie in if the house sld within 3 weeks (which it did as we already knew it had attracted interest). Mannington Staintin were somewhere between the two but didn't budge on price....

Barrington Blake are good if, as a seller, you know what you're doing and can instruct them (and you need to keep on their back).. otherwise lesser of the two evils?

SquatNow

phil_b wrote: »

George I've seen plenty of SOLD signs on my travels. Houses are still selling at least a bit. Only 1 viewing in 3 months is pretty dire though. The pictures on rightmove must be terrible and/or the house is over priced.

It's a mistake to see sold signs as a sign of a working market... they are actually the opposite.

Once a sale completed, the sign comes down.

Lots of sold signs means lots of stuck chains, with no-one completing.

Chains are stuck because for everyone LEAVING the market, such as a BTLer selling up, an STRer or someone emigrating, you need someone to buy in at the other end of the chain who isn't selling.... a FTBer of a new BTLer. BTLers can't get mortgages due to plummeting LTV ratios and FTB simple can't afford to buy.

skintlass

Houses that are selling in my area LS28 are in the £130k region - which means ftb. My estate agent sold 20 properties this month but say that viewings and sales are down.

SquatNow

skintlass wrote: »

Houses that are selling in my area LS28 are in the £130k region - which means ftb. My estate agent sold 20 properties this month but say that viewings and sales are down.

And you beleive an estate agent? Are you MAD man!!!!

skintlass

what they're telling me is not good news for me as I am not in that bracket so they're not telling me what I want to hear which makes me more inclined to believe them.

Optikal

skintlass & fimonkey,

Thanks for your EA advice! much appreciated.