Need some help

Miss.Sian-Marie

Small brick box is a little extreme I think.

The pictures do not do the house justice at all but when do they?

Leicester is quite a large town and we're in a quiet village with good access to the motorway network, I've seen bigger houses in not so nice area's go for less.

gfplux

Hello pepperjulie,
You say it is like a tardis inside. If so you need to work out the complete living space in square meters and compare that with other properties. If it is much bigger you need to get that over very quickly to potential buyers. Do the maths and let us know how it compares.
I find it quite amazing with digital camera's and everyone using a keyboard and word processors that a property on sale has only a few pictures and a badly laid out description. Estate agents have had it too easy for the last few years and have forgotten how to present and sell.
Maybe they are all too young to know how it used to be done.
Good luck and into action now and make it happen

geoffky

poppysarah
Two big tubs of flowers either side of the front door. Give it some kerb appeal.


yer right the deal clincher is going to be two tubs of flowers..christ you better not leave any milk bottles on the step...

poppysarah

geoffky wrote: »

poppysarah
Two big tubs of flowers either side of the front door. Give it some kerb appeal.


yer right the deal clincher is going to be two tubs of flowers..christ you better not leave any milk bottles on the step...

You could put two carnations in milk bottles if you like.
;-p

I thought it looked fine inside but outside has nothing to tempt people in. I don't know about you but if a house looks bland and dull on the outside you'd assume it looks dire inside.
My comments about talking to the Ea about price was also valid. By letting people know via the EA grapevine you're open to negotiate on price you achieve the same as lowering the price - people through the door to view.

You can either try and sell the house or not bother. The OP wants to sell - so a few helpful hints rather than just being negative about the price would help.

SquatNow

Tarting up the description or taking new photos wont help.

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.

The simple fact is, you think your house is worth £185k. 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

bikerqueen

not saying you're wrong - but do you have that on copy and paste?

pepperjulie

gfplux wrote: »

Hello pepperjulie,
You say it is like a tardis inside. If so you need to work out the complete living space in square meters and compare that with other properties. If it is much bigger you need to get that over very quickly to potential buyers. Do the maths and let us know how it compares.
I find it quite amazing with digital camera's and everyone using a keyboard and word processors that a property on sale has only a few pictures and a badly laid out description. Estate agents have had it too easy for the last few years and have forgotten how to present and sell.
Maybe they are all too young to know how it used to be done.
Good luck and into action now and make it happen

gfplux - thanks for the suggestion. I have done just that this evening.
My "small brick box" - 70.55sqm - converted 2 bed semi bungalow to 3 bed dormer bungalow

http://www.rightmove.co.uk/viewdetails-16530304.rsp?pa_n=1&tr_t=buy
built as a 3 bed semi detached bungalow - 52.91sqm

http://www.rightmove.co.uk/viewdetails-9317607.rsp?pa_n=1&tr_t=buy
built as a 3 bed chalet type house - 66.147sqm

I have asked EA to amend write up, correct the floor plan and have taken a few pics myself which I will suggest using. Alas the rain came and bad light stopped play for today. I have already said I will pay vendors stamp duty and am considering dropping the price. I have no upward chain.
Julie

pepperjulie

SquatNow wrote: »

The simple fact is, you think your house is worth £185k. 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

So buy your reckoning, if my house is on the market for 12 weeks I should be happy to put myself into negative equity? I cannot see anyone wanting to do that just to sell their house.

Miss.Sian-Marie

SquatNow - I do agree with what you say about a property is only worth what someone is prepared to pay for it as I used to see it day in day out.

The house has been on the market for about 3 weeks now, I think dropping £10k per week is a little too excessive don't you?! Desperate times call for desperate measures but not stupidity and we are nowhere near desperate yet.

I also agree with what a few of the others have said regarding "sprucing" the front up a little, but we live in a quiet cul-de-sac and the only cars that use it are the residents. What people are failing to realise is that we have an unusual property, okay so no it's not a spaceship but compared to some of the other stuff that is on the market in our village, our house is very unusual.

Miss.Sian-Marie

SquatNow wrote: »

The simple fact is, you think your house is worth £185k. The market thinks it is worth less. The market is right, you are wrong.

If we knew what our house was worth would be have spent time comparing EA valuations?