All 3 houses for sale in a 3 house cul de sac?(54 Posts)
As a buyerwhat would you think? And what effect do you think it would have on the selling prices?
I think the person with the least nice one (lease nice layout, N facing, poor decorative order etc) will have a hard job to sell versus the nicest one!
I would also think there was something about to happen like a massive development or something that would negatively impact the road.
I've seen 4 houses on sale like this on a quite close in my city. My first thought is that they're all owned by the same person and they want to get rid as they can't afford the tax hikes. My second thought is that it's a problem area.
If they were new builds, I would think they had something wrong with them. I've seen some really bad ones and knew a builder who said he would never buy one because of how badly they were put up due to having to get it done quickly.
If they weren't I'd be suspicious of the area.
It would put me off looking at any of them.
There was a lovely house for sale up the road from me. Like mine but bigger and extended. I was talking to my friend about it and she said the neighbours were awful. Now I got why they were selling after being there 2 year and why the house 2 doors up had recently been sold too. I'm always wary when houses are sold that are close together, particularly if there is onky 1 house between them, unless it's a huge street or something.
There are no positives in this situation are there?
It wouldn't put me off - unless there was a massive new development going up nearby, but I'd do my homework to make sure that wasn't the case. I'd just presume that personal circumstances for all of them were changing for one reason or another.
It wouldn't necessarily bother me, though I would probably ask the reason (and doublecheck with planning to see whether there was a trigger). Otherwise, I might just assume they all belonged to the same owner, or to the same family, or that house prices were up in that area and people were wanting to move on. There are lots of houses in my city where parents/children live next door to each other- often they are done up to match and look really smart.
When we brought ours next door was also on sale (identical detached house on an infill plot), they were only a couple of years old. I'm not sure why our vendor moved, next door went on the market for a while after ours was listed but in the end they couldn't find what they wanted to buy and are still there 16 years later. Nothing wrong with either house.
As in any situation, you need to look at what reasons there are.
That is exactly the situation sirchenjin. We need a quick sale though so I'm getting really stressed that my neighbor has decided to sell his house too.
House 1: owners are elderly and disabled and can't really maintain their 6 bed 6 bathroom house. It's been on the market for ages as the house needs a LOT of work and they are holding out for a better price.
House 2: Us. We are selling to move into a better catchment area for school (not going to mention that to buyers!) 4 bed farmhouse, lovely family home. We've bought and desperately need to sell quickly.
House 3: Owners are retiring and moving up north. 3 bed barn conversion with granny flat.
So 3 very different houses, but I can't help but think it's going to slow down our sale and depress the prices for all 3.
Neighbour 3 doesn't need to sell quickly, so trying to persuade him to hold off for a few weeks to give us a chance of a quick sale, which I think would be better for him as well as us in terms of prices.
Is one of them yours OP? I am assuming it is.
Are you one of the sellers or are you interested in one of them?
That's a shame as those are genuine reasons and when they are known, no it wouldn't put me off at all. But people who are looking won't know that unfortunately. Let's hope you can put no. 3 off for a little while until,you get an exchange on yours. If you do get viewings and they ask about no. 1, make sure the EA tells them the reason, or they may have doubts as well.
They are all so different, with such different potential buyers - and presumably price bracket that I think it is a lot less of a problem than 3 4 bed new builds or whatever.
The main thing is to do the homework yourself re potential developments/new roads/issues that might prompt a sudden exodus.
Neighbour 3 will probably benefit if your house is sold before theirs goes on. Especially if you are thinking about dropping your price for quick sale.
I could be in a position like this with my two neighbours. We've all been here a long time, and if one moved it wouldn't be the same. It would also coincide with a natural time for all of us to downsize. We all moved in the same year, so all our houses were on the market at the same time.
So persoonally, I would probably dig a bit deeper with searches etc, but it wouldn't put me off, I know it happens as a coincidence.
I think the best thing you can do is ask the agent to explain the circumstances of each seller during viewings, just to head off any worries they might have. Because my gut feeling would be that it isn't a coincidence, but it sounds like it actually is.
Personally I'd think more fool the person who put their house on third.
No way would I put mine up to sell in this situation unless (1) it was the best house of the three (2) I had no other choice.
Your set us is similar to us! A farmhouse, converted stables (us) and the old gardeners cottage hugely extended. All set in a large courtyard and with driveway.
I would go and see all 3, and ask why each were moving. It can just be coincidence - like at some point the lottery numbers will be 123456. But it might be more than that.
There are lots of houses up for sale on our street. Not because there is a problem, but because everyone moved in 8 years ago, and now have different requirements.
What a shame! Although it's obviously the case for you, it's very unusual that every house in a cul-de-sac goes up for sale at the same time without there being a connected reason. I fear that it will make buyers suspicious.
For example, there is a cul-de-sac of four beautiful looking 5 and 6 bedroom homes which are all up for sale in our village. This (I assume) is due to the fact that the pretty farm land they all look out on to is due to be built on (70 houses) within the next 2 years. They are also making the cul-de-sac a through road at the same time, and it will then be the quickest route from one side of the village to the other. I do feel very sorry for the owners who were all promised that there was no hope of the land ever being built on when they bought their homes as new builds around 5 years ago.
Oh I agree Napqueen. We were worried enough about putting ours up for sale with the first house for sale, but putting a 3rd up for sale when you don't need to sell just yet just seems crazy to me!
Having had 3 years of nightmare neighbours - I suspect it might be that (with the nightmare one also putting their house up, to compete with the normals).
You have to declare a neighbour dispute now if you put your house up for sale which I would imagine, creates a pressure not to report anything - so you can get out. So there may be no way of knowing.
Village near here - very pretty, lovely place, only commuters can afford to live there now so OFSTED-loved school, etc very sought after area... constantly has entire rows of houses up for sale around the same time (usually in autumn). They will sell quickly then two years later... same, again. We have no idea why it is.
How easy is it for potential buyers to see how different the houses are?
More puzzling is - what morons are buying the new builds put on flood plains round here? Went past one yesterday called 'Barley Fields' or some romantic shit. (Never been barley there to my knowledge). We reckon they should call it 'Submarine Avenue' or something. Almost all sold and it's not yet finished. Only outsiders would buy them, as anyone local knows it floods... These are bijou executive homes, not real proper housing to solve the housing crisis, so aimed at people with more money than sense.
Another new built estate round here with an equally flowery name has a view of the livestock centre, a roundabout and a by-pass. The houses whilst cheaply built because new, are palatial in size. They all sold. Who'd be that stupid?
Always amuses me that new builds have flowery, romantic names usually named after the very thing that they destroyed, that used to be there.
They all sell quickly but you can never imagine it is going to be for locals. We're watching with baited breath the estate finally going up on the historic site of the Battle of Fulford (1066's other battle, just as important as Hastings). That precise site was underwater for weeks last winter. What kind of idiot would buy a house there?
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