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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

How long did it take for you to get a viewing on your £800-900k house in home county?

58 replies

Glado · 24/04/2024 13:48

Appreciate your input if this applies to you.

OP posts:
Overthebow · 24/04/2024 15:23

We’re Home Counties, the 4 beds priced in the region of £600-£700 are selling quickly but the higher priced ones aren’t. People just don’t have as much money nowadays compared to a couple of years ago. You might need to reduce the price.

readingismycardio · 24/04/2024 15:18

My parents sold it in 5 weeks (almost 6). Best of luck, OP.

LauderSyme · 24/04/2024 15:16

BreakfastAtMimis · 24/04/2024 13:52

My heart bleeds.

In many parts of London and the Home Counties this is the price of a very normal 3 or 4 bed house which may have been purchased decades ago for much less. It doesn't automatically mean that OP is loaded.

OP - Not me but someone close to me in this position had viewings booked the day the house went on the market. But theirs was built by a housebuilder whose properties became very desirable. Others without this selling point are struggling.

anon4net · 24/04/2024 15:08

@Glado these things are very much area dependent. A house of that value in Surrey may sell very differently to Berkshire. Same with age of home, size of garden etc.

Things aren't selling as fast. Are you having many viewings? Does the estate agent give you feedback? Sometimes everyone has the same feedback - it could be something you could change like if they say the house is dark you can paint. It can also be something you can't change like it's too isolated and they want dc to be able to get buses and have independence etc.

I also find it isn't helpful to look at what houses are on the market for, but what they sold for. There can be a big difference.

My cousin recently purchased a home in that price range and I wouldn't have touched the house with a 10 foot pole. The house had been on the market over a year. They paid almost asking which again very surprising. But they loved the house and didn't want to lose it. A reminder it only takes one buyer!

FestivalFun · 24/04/2024 14:39

How long has the property been on the market?

Glado · 24/04/2024 14:37

ToxicChristmas · 24/04/2024 13:59

I'm not currently selling, but live in a village with similarly priced homes, and keep a regular eye on rightmove (because I'm nosy and love a look around houses!).
There are 6 homes currently up between 750k -925k. The one priced at 925k has been on for 2 years and was originally priced at 1.5 million (newly renovated grade two listed). It is over the road from my house so I have seen it sit and sit with very little interest. The other ones have all been on for 9 months plus (some well over a year) and have been reduced in stages. I'm obviously not sure of interest levels, but it does seem they are taking a long time to shift.

Please can you share/private msg the link for the £925k property.

OP posts:
Relaxd · 24/04/2024 14:31

Market has changed, need to look at sale price of what has actually sold locally recently and avoid listing at the highest price you saw something sell at a few years back. Inflation and so many other things have changed since then. Depends how fast you want to sell. Also a lot of London firms want people in more than 2 days a week now so this is also reducing demand in some areas but I wouldn’t have thought that would affect you if you’re only 30 minutes out. Hang in there!

Glado · 24/04/2024 14:27

VerlynWebbe · 24/04/2024 14:20

Why would your estate agent be untrustworthy? They'd get commission, right?

There's a very nice site called Inigo, for properties priced like yours. They might be an option (it's hard to tell from your post).

Well although I don’t work in the property industry I have done A LOT of research and I know they have misrepresented how hot the market for our type of house is. But we are not in a position to stay in this house due to father in law’s deteriorating condition. Kids also need help with their deposits so downsizing makes sense.

Would love to stay.

OP posts:
Glado · 24/04/2024 14:26

VerlynWebbe · 24/04/2024 14:20

Why would your estate agent be untrustworthy? They'd get commission, right?

There's a very nice site called Inigo, for properties priced like yours. They might be an option (it's hard to tell from your post).

Our house is sadly not on that level. A very normal home on a cul de sac. Large plots as it is not a new development (60s) but depressingly very unremarkable despite price tag.

OP posts:
coldcallerbaiter · 24/04/2024 14:21

Anything up to 45 mins by train to London is sought after especially now with wfh 2 or 3 days a week, but the places near those stations are sometimes poor value space wise. Ppl are better off with a 15 min drive to a station and get a bigger family home, you can park for a fiver all day at my nearest station.

Are the estate agents pressuring you to reduce?

VerlynWebbe · 24/04/2024 14:20

Why would your estate agent be untrustworthy? They'd get commission, right?

There's a very nice site called Inigo, for properties priced like yours. They might be an option (it's hard to tell from your post).

Glado · 24/04/2024 14:16

I think we’ve been very fair with price and looked at a lot of comparison properties.

There is a house down the road with the exact same square footage being valued at 150k more.

To be fair, it does have more bathrooms than us (could be added in ours). But they are on a busy main road whereas we are not.

OP posts:
mindutopia · 24/04/2024 14:12

I think it very much depends on the property and the value for money at what it's being marketed. We are not in the home counties, but when we bought our house (in that price range, but much more rural), we viewed it twice in the first week it was listed and made an offer by end of week. By contrast, our neighbours are currently selling their property (at £875K - which is overpriced) and they've had two viewings in the 3 months since it was listed.

Glado · 24/04/2024 14:11

coldcallerbaiter · 24/04/2024 14:06

What area approx is it? What’s the spec?

Depends, if it has space and extra bedrooms or an office. You say Home Counties, as long as it is not too far out, houses in that range go quite well, due to Londoners wanting more space.

Edited

currently on rightmove as a premium listing - recently renovated. Described as being in “excellent condition”

4 beds, study.

30 mins from London by train

OP posts:
Citygirlrurallife · 24/04/2024 14:11

Pinkdelight3 · 24/04/2024 14:05

Better to post in Property, or you will get the YABU snark. It's not an AIBU issue but posting it here makes it so.

Agreed

FWIW we’re in Hampshire (10mins from Surrey and Sussex borders) and the house we were renting in a village, 5 bedrooms, was put on at £925K about 5-6weeks ago. They’d had only two viewings before we moved out 2 weeks ago and have dropped their price to £900K

no idea if they’ve had more viewings since but it’s still up for sale

IrritatedB3dM4ker · 24/04/2024 14:07

Glado · 24/04/2024 13:56

My life has not been easy. Lost my mother (immigrant) to cancer as an eight yo. Bought a property 25 years ago that increased in value massively.

Selling up now as we need a bungalow for FIL.

No need to be nasty.

Op don't feel like you need to justify - some people are just envious and unpleasant without having any understanding of anything other than a house value. They're sad people.

coldcallerbaiter · 24/04/2024 14:06

Glado · 24/04/2024 13:49

Already very concerned we need to make a reduction

What area approx is it? What’s the spec?

Depends, if it has space and extra bedrooms or an office. You say Home Counties, as long as it is not too far out, houses in that range go quite well, due to Londoners wanting more space.

Pinkdelight3 · 24/04/2024 14:05

Better to post in Property, or you will get the YABU snark. It's not an AIBU issue but posting it here makes it so.

FrannieGallops · 24/04/2024 14:00

I sold my parents’ house recently. We got viewings within the first week and had several per week for 3 weeks, when we accepted an offer.

ToxicChristmas · 24/04/2024 13:59

I'm not currently selling, but live in a village with similarly priced homes, and keep a regular eye on rightmove (because I'm nosy and love a look around houses!).
There are 6 homes currently up between 750k -925k. The one priced at 925k has been on for 2 years and was originally priced at 1.5 million (newly renovated grade two listed). It is over the road from my house so I have seen it sit and sit with very little interest. The other ones have all been on for 9 months plus (some well over a year) and have been reduced in stages. I'm obviously not sure of interest levels, but it does seem they are taking a long time to shift.

Youcannotbeseriousreally · 24/04/2024 13:58

DamnedIfIDoDamnedIfIDont · 24/04/2024 13:57

Launched at £900k substantial farmhouse almost 2 acres of garden two large stone barns plus holiday home in grounds of 1 acre
sold twice chain collapsed dropped and dropped price to £650k still no buyer almost 2 years
flabergasted it’s not sold

Where is this?!???

IvorTheEngineDriver · 24/04/2024 13:58

Anything over £750K seems to take a long time to sell here (Berkshire).

£500K - £750K seem to sell in the same week.

Youcannotbeseriousreally · 24/04/2024 13:57

Here things are selling well in the 750-850 but the things 900+ are taking longer. Though there is lots of choice here in that bracket so it depends. You only need one person. Good luck.

DamnedIfIDoDamnedIfIDont · 24/04/2024 13:57

Launched at £900k substantial farmhouse almost 2 acres of garden two large stone barns plus holiday home in grounds of 1 acre
sold twice chain collapsed dropped and dropped price to £650k still no buyer almost 2 years
flabergasted it’s not sold