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Re saleability of a house

(29 Posts)
GreyVelvet Mon 17-Apr-17 19:42:29

Would you be worried about the re saleability of a house if it'd be on the market for a while with no offers?

Bluntness100 Mon 17-Apr-17 19:43:07

No, I'd think it was over priced...

GreyVelvet Mon 17-Apr-17 19:47:00

There are no comparable properties nearby which is the problem I think

SheldonsSpot Mon 17-Apr-17 19:49:15

No I wouldn't worry.

It only ever comes down to price.

At the right price anything will sell.

Didiusfalco Mon 17-Apr-17 19:50:00

Overpriced, yes, as pp said. Assuming you can't see anything obviously wrong. Whether the vendor can accept it's overpriced is another matter.

Bluntness100 Mon 17-Apr-17 19:51:35

If there is no offers it's overpriced. I live In a unique property, it's listed and a one off, nothing like it anyplace. The previous owners still had three offers on it. If something doesn't shift it's the price.

Are you the buyer or seller?

Maggy74653 Mon 17-Apr-17 19:54:08

Price and could also be due to what it is like inside.

Our house sold within 6 days (and 9 days before that as our first buyer pulled out), two other houses on the street (same layouts) had been up for sale for 3+ months with very few viewings and no offers. Both were marketed higher than ours. They were also not decorated very nicely inside. The feedback we got from our house was that the buyers liked the fact it was decorated very nicely and they could move in with very little to do.

GreyVelvet Mon 17-Apr-17 19:56:46

Buyer.
I've seen it once and would like to put an offer in but I'm just unsure due to the. Lack of interest. I can't see anything obviously wrong with it apart from the fact it's in a main, but not very busy, road and it's terraced so the living seas are split over floors.

Bluntness100 Mon 17-Apr-17 19:58:42

Can you post a link? No offers and you could put in a cheeky one...

SpornStar Mon 17-Apr-17 19:59:48

My house had been on the market for 4 years before we bought it. Resale was a small consideration but as we intend to stay here for a long time, it's not a huge concern for us.

Several things were not in the house's favour - 'quirky' layout (we plan to renovate anyway), slightly complex leasehold arrangement on land (we've bought the freehold now so no longer an issue) and remote location - can't fix that but someone else will love the peace and quiet and amazing views as much as we do. And as someone above says, anything will see at the right price.

GreyVelvet Mon 17-Apr-17 20:00:22

I dont want to put a link if that's ok.

It's on for 750 what would be cheeky, 700?

GreyVelvet Mon 17-Apr-17 20:01:09

I think I'm also worried about t the house market. This is not my forever house but probably for the next 5 or so years.

wowbutter Mon 17-Apr-17 20:01:11

Perhaps they've had offers lower than the asking price and never accepted.
Perhaps it's been dirty or weird things have haplened a pat viewing.
There are loads of reasons.

GreyVelvet Mon 17-Apr-17 20:02:39

Sorry to keep on posting. Also it's across the road from a council block and behind that a council estate, which I don't mind about but I don't know if that'll affect saleability also in the future.

You're all right though. It comes down to price.

Gobbolinothewitchscat Mon 17-Apr-17 20:05:07

Can you have a second viewing?

I would start at 10% under. Does it need a lot of work?

Gobbolinothewitchscat Mon 17-Apr-17 20:06:15

If it's not your forever house, I wouldn't buy something you can't shift relatively easily

JimWithTwoNoses Mon 17-Apr-17 20:06:37

Check there's not plans to build anything right next door or nearby or something like that too.
What kind of price were you thinking of offering?

GreyVelvet Mon 17-Apr-17 20:08:18

Doesn't need any work. It was redone about 10 years ago I think.
I was thinking at going in at 700.

GreyVelvet Mon 17-Apr-17 20:09:07

No plans for anything untoward to happen in the area as far as I can tell

GreyVelvet Mon 17-Apr-17 20:10:22

Having said that about 6 months ago I put in an offer on a house that had two other people offering. They didn't accept any of us as the offers were too low and the house is still on the market now so realistically it is about price.

SpornStar Mon 17-Apr-17 20:11:09

We went in 10% below asking with the intention of going higher if needed (the price had already been reduced and the asking price already made it a bargain in our eyes). Vendor accepted without quibble.

DevelopingDetritus Mon 17-Apr-17 20:15:14

Are we talking London again because for £700,000 I'd want no neighbours let alone an estate.

PrimalChic Mon 17-Apr-17 20:19:01

The things that might make it difficult to sell are the things that can't be changed, e.g. the location, garden size, opposite a pub. If there's a big market slump, the houses without those features will sell first.

If it's on for 750, I think they're aiming for 700+ so don't go in quite that high. If it's on with Foxtons, it's probably priced higher than other agents would have valued it IME!

GreyVelvet Mon 17-Apr-17 20:21:08

So don't go in wth 700? It's not with Foxtons! I've had enough of Foxtons trying to sell me their mortgages though.

Yes it's in london. And shock horror it's only a 2 bed terraced house

Bluntness100 Mon 17-Apr-17 20:22:08

I'd also go ten percent below, least it opens negotiations...

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