How to avoid time wasters?

sugarwalsh

Pastures New has a point, it is important to bare in mind your competition. However, I think our house is the best on offer in the price bracket it is in for our town yet it is on an estate that has a 'reputation'. Which is nonsense, but try telling potential buyers. So I guess unless you live in an area it is hard to make comparisons. I do still watch our 'competition' like a hawk to gage the situation and try and keep within a reasonable asking price.

brummybloke

Imp wrote: »

The 65% was an extreme case. The house need complete renovation. Estimating for construction work is part of my day job. I did a long and detailed investigation of the house, including obtaining information about ground conditions and various surveys costing me around £500 so I could accurately estimate renovation works. I had an accurate price for a renovated property. It took me around 6 weeks of my spare time to come up with an offer price.

After all that work, I was going to put the offer in, what ever it came out at, which was basically the value of the finished work minus the cost of renovation. I was after a home, not a profit. In the end the house sold for 70% of asking price. I probably softened the vendor up for that offer!

The point being, the house is worth a certain amount to the buyer and a certain amount to the vendor. IF it is worth more to the vendor than the buyer, the house won't sell.

not that you needed to give an explination but thanks, it does make ALOT more sense when more is known about the property in question.

mind you, that also baffles me when people put a blanket 'price crash' statement on all houses in all areas. different situations change the realistic value of a house.

i think if the OP has put a slightly lower price on their house than anything else for sale comparative in their road, £10k is the most they should realistically have to drop, IF they need to sell.

soupdragon52

We had time wasters when selling a house some years ago. A lady came with her daughter and I overheard the mother saying 'my bed was against that wall' it transpired she lived in the house when she was little and just wanted to show her daughter. But to cap that one gent came and I later discovered he lived at the back of us and he wanted to see how much of his garden could be seen froom our bedroom window!!! aaaaaarghhhhhh

Hagazussa

Kez100 wrote: »

I am off to look at the links provided to see if I prefer other houses to yours......

Internally, I'm liking the one on Maria Street at 119k and the two on Quarry Street below £100k more than yours.

Yours is far more attractive for me from the outside than any of the offerings and I would take that into consideration for resale. To compete with the internal photographs you need to de-clutter, definitely. Unless Quarry Street is a dive I think you'll struggle with your much higher asking price while those two are on the market (although I see one has SSTC)

Maria Street is a cottage just next to the main road, Quarry Street boarders an area I would class as not really desirable.


Just one question for the people with the meanest comments, do you actually own property?

Reference the list of previous sales, not all the homes here are of similiar style, size and quality. Plus, what are sales prices dating back to 2001 suppose to tell me?

brummybloke

Hagazussa wrote: »

Maria Street is a cottage just next to the main road, Quarry Street boarders an area I would class as not really desirable.


Just one question for the people with the meanest comments, do you actually own property?

Reference the list of previous sales, not all the homes here are of similiar style, size and quality. Plus, what are sales prizes dating back to 2001 suppose to tell me?

i can answer that one for you, no they dont.

it is the same ambulance chasing mentality of american lawyers in the 80's.

there is nothing wrong with grabbing a bargain, my family are my priority not anyone elses. however i dont sit at home each night wishing for people to be evicted and then post on a website trying to gloat over other peoples financial troubles.

i havent been on the debt free wanabee section, however i would be very suprised if the same attitudes would be tollerated on there for people asking for help in their fight to become debt free?

people gloating on how they should not have any debt and how they hope that the person home gets taken off them?

makes you wonder why these people couldnt get a house in the first place really.

was it bad timing? or was it that no one would employ someone with such attitudes in any kind of responsible job?

Kez100

Not sure if I am considered a mean comment poster or not! (I meant it honestly) Yes, I own property (one, which I live in). Also, I've sold - and bought - before in an absolutely dire market (with negative equity)

mr.broderick

dolcevita wrote: »

then you won't be selling your house anytime soon.

Was going to say dolce you are letting yourself in for it with that comment

neverdespairgirl

Hagazussa wrote: »

Maria Street is a cottage just next to the main road, Quarry Street boarders an area I would class as not really desirable.


Just one question for the people with the meanest comments, do you actually own property?

Reference the list of previous sales, not all the homes here are of similiar style, size and quality. Plus, what are sales prices dating back to 2001 suppose to tell me?

Of course they won't all be the same style and size, but I thought the information might be useful to you. Apologies for bringing facts and figures in, unwanted.

You said 3 beds near you go for £130k - £140k. I think you are overestimating by quite a bit, given the sale prices show only 1 place of any kind beating £130k near you since 2001.

Anne3333

I once had a property up for sale and had many, MANY visitors, until I realised that serving them home made scones and tea on the balcony was what was attracting them! I think word had gone around and I had a regular stream of dear pensioners on a Sunday afternoon!

brummybloke

Anne3333 wrote: »

I once had a property up for sale and had many, MANY visitors, until I realised that serving them home made scones and tea on the balcony was what was attracting them! I think word had gone around and I had a regular stream of dear pensioners on a Sunday afternoon!

and very nice they were too, it passed 3 sundays for us when the bingo hall was closed for a refurb.:beer: