Where am i going wrong???

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 £12k deposit now only gets them a £108k mortgage instead of a £228k 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 £108k+£12k deposit, then the cash buyer only needs to offer £121k.

You think your house is worth £240,000. 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

jammie*dodger

http://www.rightmove.co.uk/viewdetails-18260326.rsp?pa_n=2&tr_t=buy amongst others is the main problem. Could be that you are in a much better area though. I don't know Barrow i'm afraid.

Looks like you could be £40k above the correct selling price.

Incisor

Helsbells wrote: »

ok perhaps asking for help on here was wrong.

No, you've had good feedback, stuff that your EA wouldn't tell you. You got it for free and you would have to pay serious money for people who could tell you the same stuff without hurting your feelings.

Firstly i am not including the furniture in the sale, secondly i have removed all ornaments and left a few pictures, we do still live hare and the children have they own bits left out, rest is packed. Third i was always told to view a property as white walls as decor can be changed to your own taste. I have reduced house by 25k so far and will reduce again.

We know that you are not including furniture. I did not see the unmade beds, but now they are pointed out, I know that if Mrs Incisor was looking to buy the house, she would have spotted it and remarked and then I would have started thinking. Ok, I wouldn't be thinking I was going to buy the furniture, I would however think that for selling something which you want £250k, you are too hard pressed to make the beds on the day of the pics. And then things would begin unravelling - if work has been done on the house, to what standard has it been done, and it's downhill from there.

Those pics are the difference between getting a viewing or not.

No more replys will be necessary. Thank you.

Well, sorry you are miffed, but if in a day or 2 I click back on the rightmove link and see that you've done something about the pics, then I will take it as a Thankyou to everyone who has posted comments which offend you.

PasturesNew

The most ANY house in your road has ever sold for was £148,000
http://www.houseprices.co.uk/e.php?q=princewood+drive+la13&n=100&f=pd

There are 55 houses in your town that have 4 bedrooms or more and are priced £240k or under
Push that out to a 3 mile radius and it becomes 86
At 5 miles there are over 100

To get the next possible buyer, your house has to be better or cheaper than the competition. It has to stand out in some way.

Whether you like it or not, if a buyer's got a choice of 55 houses they'll start by viewing those with the clearest/nicest pictures. Visually, your photos don't do you any favours at all, as the others have pointed out.

gingin_2

Ceiling price for your street was £148k at the end of 2005, that was for a detatched house. Seems like an awful lot of money you are asking.

Hehe PN beat me to it and then some!

Incisor

jammie*dodger wrote: »

http://www.rightmove.co.uk/viewdetails-18260326.rsp?pa_n=2&tr_t=buy amongst others is the main problem.

Never mind the house, the interior shots, with the possible exception of 8, are terrific examples of the technical quality required. [The external shots are perhaps not so good]

Debt_Free_Chick

Helsbells wrote: »

ok perhaps asking for help on here was wrong.

Firstly i am not including the furniture in the sale, secondly i have removed all ornaments and left a few pictures, we do still live hare and the children have they own bits left out, rest is packed. Third i was always told to view a property as white walls as decor can be changed to your own taste. I have reduced house by 25k so far and will reduce again.

No more replys will be necessary. Thank you.

It's hard to take, I know as it's YOUR house containing YOUR life.

But we're looking at the RM advert in the same way as prospective buyers. What we see, is what they see - sorry

If you are desperate to sell, you need to detach the emotion of "my family live here" from the whole process and adopt a "dog-eat-dog" attitude.

Bf109

So desperate to sell that you cant stand constructive criticism?

PasturesNew

gingin wrote: »

Hehe PN beat me to it and then some!

If you can't give it 110% and go the extra mile ... don't enter the race
:P

Snooze

Helsbells wrote: »

ok perhaps asking for help on here was wrong.

Firstly i am not including the furniture in the sale, secondly i have removed all ornaments and left a few pictures, we do still live hare and the children have they own bits left out, rest is packed. Third i was always told to view a property as white walls as decor can be changed to your own taste. I have reduced house by 25k so far and will reduce again.

No more replys will be necessary. Thank you.

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

Denial at its best. Luvin it.

Another classic thread from the 'tell-me-what-I-want-to-hear' brigade. Quality.

Rob