To wonder house sellers motives?

[96waystobehappy]

Looking on Zoopla last night. Houses are not selling in our area (south coast).
They only sell if it’s a gem of a house or seller not delusional on price.

I don’t usually use Zoopla (usually rightmove) and being able to see the percentage of reduction was such an eye opener for me!

So many houses discounted things like 1%, 0.5%, 3%.

I had a bit of a nosy as I just love everything property and these are often houses that should have a fair bit of equity in them?

I would completely understand if there was no equity but otherwise why??

I never knew it was so prevalent so be adamant your house is worth what you want it to be worth! I thought that was a smaller group of people!?

Im just so confused? If I wanted to move and made 300k on my house, I’d just keep chopping it down until it sold. Why does no one do that now?

Also, live in an area with a lot of asset rich boomers and older. There are so many properties on over the 1 million mark (clearly owned for decades/ 60’s decor)that the owners just won’t reduce at all!? I just don’t get it. How much money do that actually want! And why??

If you have a house that’s been on the market for over 4 months, has made you plenty of money and you refuse to reduce or have reduced by less than 5% can you explain to me why please?

@96waystobehappy even though boomer is an acceptable term to describe a generation it’s considered very offensive on here!

Now I've read it all through a bit more I can see OP is just being goady and I got drawn in, probably because my situation is so desperate. Hope you enjoyed reading about it @96waystobehappy.

@SpringboksSocks

Thanks for answering. I just know I’d be really worried in that situation and I defo have more of a cut your losses personality, hence why im so baffled by the sit and wait-ers.

Good luck, hope it sells for you.

My uncle really needs to downsize as physically he can’t cope with his house any more. Financially he’s ok but downsizing would give him the opportunity to live it up a bit while he still can. He refuses to downsize though as he doesn’t want to pay stamp duty, thinks it’s outrageous. I don’t get it, he has at least 1.7m in equity!

Thank you ☺️. Thankfully me and stbxh are so far pretty amicable… although I’m well aware that buying and selling property doesn’t tend to bring out the best in people! So praying it stays this way. Such a shame that happened to your friend.

@SpringboksSocks thats good & im sure it will stay that way. Friends ex was always a dick & just got more dickish!

@GoingDownLikeBHS just look at all the derogatory references you have made to people younger than you! I haven’t made a single one to any age group! 😂 What on earth has made you dislike other age groups? This isn’t a thing in my world.

Death divorce debt and ... Was there another d. For forcing sales?

Most under 40s seem to think if it's not decorated entirely in grey within the last 3 months its a "do-er upper". Is that because they are younger than us or just thick?

Grey houses have been naff for years & not what most young buyers want, your perception sounds a little off.

“OP "boomer" is being used as a derogatory term. It's a group "insult" and you know it, don't be obtuse. You clearly said that if houses had a bit of equity in them they should be reduced as we're all "asset rich boomers"!”

Don’t try and twist words that are written down, it’s a futile endeavour. I never said anyone SHOULD do anything. I simply shared the thoughts and pondering of little old me. 1 person out of 7 billion. Nobody special, with no power to
do anything about it and no vested interest. I pondered why they don’t reduce their houses. No more no less.

I think as well people will wait or withdraw unless they have a very compelling reason to move. You don’t sound very experienced in the housing market. You cannot force people to sell at rock bottom prices when they have the option to stay where they are.

Also I think many people like to boast they got the asking price for their house, or when buying that they pushed the current owners into a large discount. You see it many times on this forum, my house went very quickly as over the asking price, we went to best and final but the houses people often share are just ordinary houses often on large estates.

Basically it’s just human nature.

This.

Prices will eventually come down if enough people have to move. I've just taken my house off the market, not because I didn't get offers but because the people who wanted to buy it couldn't sell their own houses. I didn't have to sell so I've taken it off.

Did i say I would like to force people to buy at rock bottom prices?? I don’t remember saying that 😵‍💫
Did I say I was very experienced in the housing market? I don’t remember saying that?
I think what I said is why don’t people reduce their houses. I now know the answer. They are either in a tight situation and can’t afford to so they are hoping there will be a recovery because they can’t see a lot of other options.
OR their fucking mental and have very, very weird emotional attachments to the bricks they own. Their bricks are definitely more important than other peoples bricks. The importance of your voice and the importance of your bricks also seems to rise with age. Got it 😂

Goodnight and good luck to those that do NEED to sell, especially those in tough situations.

I think this is the fact of it, honestly. There are a lot of time wasting sellers who don’t actually want to sell their houses out there. They must drive their estate agents potty.

That reminds me of a property that was in the market when we were house hunting. The estate agent said every time it was sold the vendor would take i off the market only to put it back on months later. He was laughing they never intended to sell and just enjoyed the attention the property got with people cooing over it and hoping to make it theirs.

If I could remember which house it was I’d probably find it on RightMove still for sale 🤣

I wasnt 45 but I am now 50 and paid my mortgage off, as a single parent, at 49. Just because you had eyes bigger than your wallet doesnt mean that we all have.

I’ve explained that I just find mumsnet and actually the real world stuffed up with people that are too easily insulted and so defensive.

Oh OP.... and the common denominator is..?

OR their fucking mental and have very, very weird emotional attachments to the bricks they own. Their bricks are definitely more important than other peoples bricks. The importance of your voice and the importance of your bricks also seems to rise with age. Got it 😂
^^ And that just comes across as nasty and reinforces my bit above.

People are usually guided by the EA on price. If they think that is too low they may go up a bit or they may go up a bit so that they can accept a lower offer, everyone wants a bargain so they usually offer under ask.

Some people are happy to put their house on a bit under the value for a quick sale. Some test the market with a high price and then drop it if there are no takers, some are happy not to sell if they can't get the price they want. There are as many reasons and opinions on how to price a house as there are people selling, no one is right or wrong.

We sold an uncle's house recently, sold at ask at the price the EA suggested in about three months, which seemed pretty fair.