No enquiries - are other sellers in the same position?

panichousebuyer

I have had my house on the market now about a month and we have had only one enquiry.

In fact, she was supposed to come for a viewing at 5.00 this evening and hasn't bothered to turn up :mad: .

Apart from giving your house away, which seems to be about the only way things are moving, is there any way to make a house more saleable?

How are other sellers doing in this market?

bylromarha

Ask your EA and see how things are going in your area.

It's slow in some areas and stagnant in others so your EA and SOLD boards will be the best indicators for your area.

panichousebuyer

The smaller houses seem to be selling but as for the four plus beds, a lot of them have been on the market for quite a time.

Not good!!

geoffky

we are in the beginning of a credit crunch and a house price crash and its going to get a hell of a lot worse before it gets better...the thing is houses are selling if they are priced correctly and not what you want or need...if you look around at what is selling its the ones who have realized the game is up and have priced accordantly that are moving...

PasturesNew

There are buyers, just less of them. A recent report said 2/5 houses were selling (whereas it was 4/5 in previous years).

So, those that are selling are selling because the price/type/location was right.

Do you have a rightmove link? People here can give you a buyer's view of the house/price if you want.

panichousebuyer

Our house was valued at 210 and is on at 199,950! I did think that that might have helped but obviously not, I know that we will have to reduce it again quite soon, if we want to get people in the door.

panichousebuyer

PasturesNew wrote: »

There are buyers, just less of them. A recent report said 2/5 houses were selling (whereas it was 4/5 in previous years).

So, those that are selling are selling because the price/type/location was right.

Do you have a rightmove link? People here can give you a buyer's view of the house/price if you want.

Don't be too harsh!!!

By the way our street is a little bit different because our houses are all different because they are self builds. However the surrounding area was built by Wimpy, Barratts etc!

http://www.rightmove.co.uk/viewdetails-17707258.rsp?pa_n=3&tr_t=buy

pinkshoes

panichousebuyer wrote: »

Our house was valued at 210 and is on at 199,950! I did think that that might have helped but obviously not, I know that we will have to reduce it again quite soon, if we want to get people in the door.

£199,950 doesn't really mean much when we don't know the area or property for sale.

If you want some helpful advice, then post the rightmove link, and lots of people will take a look and give you some constructive criticism as if they were potential buyers in that area, and compare it for all others for sale.

SquatNow

If you want to sell you need to slash you asking price.

The value of anything is what someone is prepared to pay for it. The value is affected by many things including market coditions such as the availability of credit. If the ability of the house buying public to borrow is cut by half, the value of your house is cut by half. Thus if someone who previously was offered a 95%LTV mortgage can now only get a 90%LTV mortgage, their abaility to buy is halved... their £10k deposit now only gets them a £90k mortgage instead of a £190k mortgage...

True there are cash buyers but the price they pay is set by having to outbid other buyers. If the other buyers can only get a mortgage for £90k+£10k deposit, then the cash buyer only needs to offer £101k.

You think your house is worth £xxx. The market thinks it is worth less. The market is right, you are wrong. You need to reduce your asking price until it meets the markets estimated value.

Knock £10k of every week until it sells.

Simple Rule: Until the buyer cash is in your pocket, your house is worth exactly £0

LillyJ

I like the inside, looks like a perfect family house with a lovely large bathroom. I think the dining room part of the kitchen is great. I don't like the outside (sorry) but could you put some plants outside? You could put them in pots then take them with you when you move. It would just brighten up the front a bit.
Sorry don't know the area so can't comment on price.

pinkshoes

Photo 3 makes the room look very dark and dingy.

Photo 10 makes the bathroom look odd. I first wondered why there was a toilet in the middle of the bedroom. Can this be re-taken at a better angle?

If you search within 1/4 of a mile under your postcode, there are 4 bed houses under £210k, and starting at £149,950k like this one http://www.rightmove.co.uk/viewdetails-17828608.rsp?pa_n=1&tr_t=buy

In a credit crunch, people will do as search as I did, and look at the cheapest ones first, so they might not get round to looking at yours which is priced near the top of that bracket.

£185k would seem a reasonable price for that area looking at rightmove.