Have viewings slowed or stopped?

carolpinkdreamer

Thanks for your replies. Our house would probably not be a FTB's house, it's prob next step up the ladder, which makes us dependant on even more people to secure finance etc. I can't say I blame FTB's for hanging on to see how low the crash will go, just very frustrating.

cells

only ever 2 reasons something doesnt sell, be it your home or your pet dog

1: it hasnt been on the market long enough
2: it is over priced.

so if it has been on for what you believe is a good time, then address point 2

carolpinkdreamer

cells wrote: »

only ever 2 reasons something doesnt sell, be it your home or your pet dog

1: it hasnt been on the market long enough
2: it is over priced.

so if it has been on for what you believe is a good time, then address point 2

or 3: DOG BUYING IS OUT OF FASHION
or 4: YOUR DOG IS AN UGLY MUTT!!

poppy10_2

If you post a rightmove link, we can... give you some suggestions :money:

carolpinkdreamer

poppy10 wrote: »

If you post a rightmove link, we can... give you some suggestions :money:

Sorry, don't think I'm brave enough for that

I suppose we'll just have to wait and see, like everyone else. Just wanted an idea of how viewings were faring generally.

sarah_elton

An EA's office I know took £15k in fees last month, down from peaks near £75k during the boom. (This is in Essex BTW)

Odd things are still selling so no, viewings haven't blanket stopped.

CJ2405

From an agents perspective, we have had a slow month, with hardly any viewings.

But it seems to have picked up with a good number for this week.

Think the change of top story on the news has helped a little.

TTMCMschine

Grandmother's property been up since september. Reduced price four times. several viewings, one offer which was accepted but theirs fell through. Feedback is it needs too much doing. But is too far away for me to do it up, i feel if they want it they would put in a lower offer. The work is cosmetic. Just think it's the wrong time to sell, and it's in the North East.

jpjp_2

We also went on the market at Easter and have had just ONE viewing. Located in NW Surrey and priced at 12% below what someone else in our road got for same design house in similar condition 10 months ago.

In my own mind I have two reasons for it. Firstly, the Labour Govt letting the Northern Rock thing run and run (compare to US Govt v.swift handling of Bear Stearns). This led to High St banks making unnecessarily over-cautious write-downs in their mortgage books because they did not trust the Gov't in case the same thing happened to another bank. That led to the banks not passing on changes in base rate to mortgage borrowers, and BoE have criticised them publicly for this too.

Secondly, the media don't help either, blasting this "credit crunch" headline everywhere. Why don't the public remember that the prime business of a newspaper or TV station is to sell advertising, and the accuracy of news is very secondary?

Jonbvn

jpjp wrote: »

Secondly, the media don't help either, blasting this "credit crunch" headline everywhere. Why don't the public remember that the prime business of a newspaper or TV station is to sell advertising, and the accuracy of news is very secondary?

This sounds like you are blaming the media for your lack of viewings?

The credit crunch is very real, and mortgage approvals have fallen off the chart. Even the most optimistic of commentators are now pessimistic - Savills saying 25% drops over 2 years.