No enquiries - are other sellers in the same position?

3under3

jenner wrote: »

is it just me being dim, i dont understand why a drop from 95% to 90% ltv means someones borrowing ability is halved???

What squatnow is saying is that if a buyer has 10k deposit this is either 10% of 100k property (LTV 90%) or 5% of a 200k property (LTV 95%).

panichousebuyer

Bf109 wrote: »

Its too expensive. Its not worth that much money. Thats why you have had no viewings. Re-taking photos is re-arranging deck chairs while the ship sinks.

Simple as that.

I do think that re-taking the photographs will make some difference and because they are all self builds and not a row of identical houses built by Barratts they do tend to go for money than others that you will see on right move just a street or two away.

Also, when you compare the room sizes of other houses, ours are usually bigger and we also have a study and a large bathroom which most others don't have!

However, I do know that it will have to come down in price before it sells, but as confused31 says unless everyone is prepared to drop their prices, you would have to have to make up the difference of 10k, 20k, 30k etc and most people cannot do that!

panichousebuyer

amcluesent wrote: »

Are you on the Hull flood plain? Just asking, as Hull=flooding for lots of peeps.

Unfortunately a lot of Hull is on the flood plain, including the area we live. We did not flood last summer and the water was quite a way from us, but the houses around the corner did.

A friend of mines house flooded, one two doors away did not, neither did the ones across the road. Most areas were affected like that, one house flooded, one a few doors away was lucky.

Merlot

I too live in East Yorkshire:D (not Hull but not far from there, I shop there in the St Stephens new centre, its not very good is it, I am quite surprised, not much in it as yet), and I know that the new builds on the Kingswood Estate are struggling to sell, Barrats and persimmons have lowered their prices in the past few weeks, in my opinion you are asking £5000 over the current market value.

Lovely house btw, photos too dark and garden, could do with some tarting up, very plain.

Merlot

panichousebuyer wrote: »

Unfortunately a lot of Hull is on the flood plain, including the area we live. We did not flood last summer and the water was quite a way from us, but the houses around the corner did.

A friend of mines house flooded, one two doors away did not, neither did the ones across the road. Most areas were affected like that, one house flooded, one a few doors away was lucky.

If your neighbours flooded, how are you for getting house insurance etc, I would be very wary of buying a home in the same area as the flood water hit.

Price it to sell it.

Where are you moving too? Are you buying a new build?

SouthCoast

I am a fan of self-builds as they are usually of a much higher build quality than the tat thrown up by the developers. Are your agents highlighting this aspect?

panichousebuyer

Merlot wrote: »

If your neighbours flooded, how are you for getting house insurance etc, I would be very wary of buying a home in the same area as the flood water hit.

Price it to sell it.

Where are you moving too? Are you buying a new build?

Our home insurance has just been renewed and has gone up slightly but not a lot. Maybe £5-£10 a month something like that I can't remember now.

The people who flooded are around the corner from us and not next door, next door but one etc so I don't know whether this has made a difference.

I do know of somebody though whose house insurance was approx £40 per month and he suffered minor flood damage, under the floor of his house and he did not have to have any structural work and his insurance has just gone up to over well over £100 per month.

We will not be buying a new build as there are not many in the area we need to go to, or should I say none that we can afford.

I have seen a house that I love, on for the same price as ours is now, needs gutting really though.

panichousebuyer

SouthCoast wrote: »

I am a fan of self-builds as they are usually of a much higher build quality than the tat thrown up by the developers. Are your agents highlighting this aspect?

Actually no they are not. Didn't think of that!!:rolleyes:

It does have floorboards and not floorboard sheets (or whatever it is), do you think that could help my cause!;)

Merlot

panichousebuyer wrote: »

Our home insurance has just been renewed and has gone up slightly but not a lot. Maybe £5-£10 a month something like that I can't remember now.

The people who flooded are around the corner from us and not next door, next door but one etc so I don't know whether this has made a difference.

I do know of somebody though whose house insurance was approx £40 per month and he suffered minor flood damage, under the floor of his house and he did not have to have any structural work and his insurance has just gone up to over well over £100 per month.

We will not be buying a new build as there are not many in the area we need to go to, or should I say none that we can afford.

I have seen a house that I love, on for the same price as ours is now, needs gutting really though.

I wish you luck in selling, do not look at any houses for sale just yet, you will end up getting depressed cause you have found "the one", wait until you at least have a steady stream of buyers, its only a month you've been on the market, if no joy after 4 months, change EA, I do not see you selling quickly in the current market in Hull. (hope I'm wrong).

Merlot.x.

Snooze

The house itself looks fine to me and the pics are okay on the whole except the one looking out of the french doors which is badly underexposed.

Decor wise, I personally don't like houses with white walls throughout like yours has (it may be a shade of white, but it looks white and cold) and it would put me off buying to some degree, so some colour on the walls would be nice.

I'm not a fan of the grey slate floor tiles in the kitchen as I don't think they go well with the units. I think a lightish colour wood-look laminate would go better but I'm really picking holes now and the grey slate wouldn't stop me from buying.

Overall I quite like it and the price seems reasonable to me for a house of that size. As one other person said, where I am (Leeds area) a house like that would be £300k, but I don't know your area either so can't comment on the price. If people know you're on a flood plain though (regardless of the fact your house escaped the last flood by 100yds) they simply won't be interested, period.

Rob