How to avoid time wasters?

Fred1_2

pickles110564 wrote: »

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The EA will have marketed the property for what they think it is worth.

No, the EA will have inflated the price to get your business. Unless he has given you a "quick sale" price, expect to be on the market for a long time and to get maximum 90% of what the EA valued the property at.

It's a buyers' market now - that hasn't been the case for several years, but it's all swings and roundabouts.

newcook

TBH I would perhaps consider dropping the price if it had been on the market for months and months and had had loads of veiwings but no interest. as it was I had 2 veiwings and the second person fell in love with my house before we had even got upstairs!!!

you will find a serious buyer and if they want your house to be their home they will pay what its worth

Hagazussa

Fred1 wrote: »

No, the EA will have inflated the price to get your business. Unless he has given you a "quick sale" price, expect to be on the market for a long time and to get maximum 90% of what the EA valued the property at.

It's a buyers' market now - that hasn't been the case for several years, but it's all swings and roundabouts.

Well actually, like I mentioned in my opening comment, our house is realistically priced.
I do not believe in overpricing, doesn't gain you anything.
At the end of the day, it is a nice house and not a dive, the area is pleasant enough. You pay for what you get.

oneandonlyboy

Hi,

Looks ok, Where i live on the south coast you wouldnt get a 2 bedroom flat for that price lol.

Jorgan_2

Hagazussa wrote: »

Another woman was just interested in what is available on the market, because she is considering putting hers up for sale. - PARDON???-

As an agent I have conducted thousands of viewings where the viewer is considering moving but hasn't put their own property on the market. They want to see if the properties will meet their needs, sometimes it does and they go onto purchase the property.

The problem with timewasters is that you don't know they are a timewaster until they have wasted your time.

Instruct your agent that you only want viewers who are in a proceedable position, this will cut down on the number of viewings you have and should hopefully make it a little less stressful for you.

Fred1_2

wow! looks nice - you'd certainly pay more than £120k for that in South Wales! The trouble is, at the moment, nearly everyone believes that all property is overpriced

brummybloke

pickles110564 wrote: »

Well done standing up for yourself, the people that are making silly comments are the ones praying for signs of their hoping for a 75% crash.
If you dont need to move stand by your guns and get the price that you require.
good luck

i think you hit the nail on the head, if there were a straw poll carried out on this website on who actually owns a house and who doesnt, i bet the ones who dont are the ones shouting the loudest concerning a house price correction.

if we went by the logic of the hysterical " wait 6 months you are throwing money away there will be doom and destruction in the housing market, things will be cheaper" then you would never buy anything. why buy a new car? it depreciates once it leaves the forecourt? why by a 42 inch tv, in 6 months the same model will be cheaper?

some people may be happy living in a dream world that housing prices will crash 20/30% or more, oddly those renting will end up homeless if this were the case as all the btl places will become repos, making the tennants homeless. so the very people praying that house prices tumble will end up out on the streets.

the housing 'crash' of the 80's?

well im sure it was down to a few things, stock markets, 15% interest rates and more property than people?

unless im mistaken, there are now 5 million people more in the UK than the housing crash of the 80's? so where are they going to live, most councils are knocking down high rise tower blocks so each one which probably held 80 families is going to have to be replaced with 80 other types of property.

house prices may drop but by more than 10%? only if sellers are desperate to sell. and is it a buyers market? if everyone keeps their houses at the price they are and refuse to drop in price then it isnt a buyers market at all, it is a sellers market.

NickDurham

Hagazussa wrote: »

Even if I end up wasting money in the HIP, the property is not going for peanuts.
We would prefer to move, because my husband is working away, my mum-in-law looks after our children and it would make my life a lot easier to move closer to where she and the rest of the family is, basically 15 minutes down the road.

Sorry, but I don't think you've been looking at how the market is going. Many people advise going in 10% below asking price, and I would hardly view this as wasting your time or "a joke". It's a buyers' marker. You say you lowered the price to reflect work that needs to be done. Great. But you are still assuming that properties should go for their asking price and what the seller/EA says they are worth. Surely this is naive. You seem to be taking it as a pesonal affront, but buyers are simply taking into account the fact that property prices look like they will fall, and are - understandably - trying a) to protect themselves to a certain extent; and b) doing what sellers used to do when the market was rising: taking advantage of a situation that lends itself to getting a good deal. Your anger at what is perfectly reasonable housebuying is perplexing.

FWIW, I'm in the NE too, and houses here at least ARE coming down - overall there may be pockets where this is not the case, but most parts of the region have already seen 5% drops over the last year.

I wouldn't even consider buying a house where the seller was immovable on the price. To expect that is IMO totally unrealistic in this market.

LandyAndy

Hagazussa wrote: »

Willing to negotiate: yes, but but not starting from 12.5% less. Not in this area.

Plus, my EA will get paid for services we receive, if he wants his money, he'll need to earn it (without wasting MY time).

If you'd come on here saying "I'm looking at a house up at £120k, what should I offer" you'd have had the reply "Try £100 - 105 k as a starting point"

Would you have said "Oh no that's far too little, I'll go straight in with an offer at the asking price"?

I presume you aren't going to try and negotiate on any property you do go for.

Around here it would be about £225k:rolleyes: .

newcook

NickDurham wrote: »

I wouldn't even consider buying a house where the seller was immovable on the price. To expect that is IMO totally unrealistic in this market.

and yet a few more miles up the road in sunny scotland they have it as 'offers above'.