House not selling!

Jake54

There's people out there with money.
They have either buggered off to France,
or they are waiting for the prices to fall,
or they are down sizing

ttoli

I FOUND MYSELF IN YOUR POSITION A WHILE AGO AND FOLLOWING SOME V GOOD ADVICE FROM ANOTHER MEMBER, TOOK ON ANOTHER AGENT, AND LOWERED THE PRICE
TO OFFERS OVER £215K (WAS £229k), THIS GOT MORE PEOPLE THRU THE DOOR (AN AGENT WILL ALWAYS WORK HARDER WITH COMPETITION FROM ANOTHER AGENT).
END RESULT BEING OFFERS FROM 3 PEOPLE, THEN I COULD PICK THE ONE IN THE STRONGEST FINANCIAL POSITION.
ITS A CLICHE I KNOW BUT YOUR HOUSE IS ONLY WORTH WHAT SOMEONE IS PREPARED TO PAY FOR IT,

GOOD LUCK

Robert_Sterling_3

wen13 wrote:

Hi,
To try and get things moving we have now lowered to £132k - but this really is our limit as all our projections are based on requiring a certain amount. Wen13

i.e. I would like to buy this house but I can't afford to buy it.

Sofa_Sogood

Woby_Tide wrote:

With an estate agent setting the price I'd say there's lots of leeway....!

Thinking about our last house sale .... I've thought again and agree with you!

eurows

We have had our house up for sale since mid May
We haven't had nobody out
We dropped our price, alot but still have had no one out!
And I know quite a few people in the same boat.
I know of someone who has advertised all over the country in major mags and still has had no one out.
We keep checking to see if our house is reasonably priced and it is.
The trouble is, or was,
the BoE took to long to raise rates too slow the market down and now they are stuck, too dropping rates because of the hike in fuel prices
Plus
The Bloody media can either make or break it.
You remember all the negatives they were spouting off about the housing market before it cooled off.

Their are people out there sitting on the fence.
People who have sold, and first time buyers, waiting for the market to drop further , or at least stop dropping, or even to take off again.
Then when some of them start to buy, and the rest start noticing this one and that one has been sold they won't want to be left behind again.

You have to sit tight and ride it out
If you have buggeted a price in mind stick to it

If I'm wrong, Please put me straight

Your wrong. I have sold my house and now I wait. Not until everybody else starts buying. I wait until the house comes down in line with peoples earnings. It would be interesting to see how many people will admit to buying a house within the last year and now wishing they had not because they are spending too much on repayments.

But what do the banks do - offer IO mortgages. Those on IO mortgages must be absolutely mad. Renting from the bank. I am renting from a private landlord. When the time comes I can give one months notice and buy. IO people have to sell and then they have the problem of negative equity, selling costs, redemption costs and on top of that they have been spending money on the banks property.

How stupid is that. :rotfl:

You can now buy a house at 2003 levels, next year you will buy at 2002 levels. Bring it on

Jake54

>>>>Your wrong. I have sold my house and now I wait.<<<<

Hello 'eurows'

When did you sell your house?