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Original poster

Few viewings and no offers - it's the time of year, right?

283 replies

Amethyst24 · 08/12/2014 14:47

DP's flat has been on the market for a few weeks now with barely a sniff. It's a 1-bed in zone 3, in pretty good condition although it's been tenanted for a few years (tenants have now moved out). Was originally priced at offers over £250K but dropped now to £249.950. Seems on a par with others on the market in the area - competitive if anything.

So am I right in thinking that the market is just really slow at this time of year? We're considering giving the agents a week's notice in the hope that they'll make a massive effort in that time, then taking it off the market until the new year and getting valuations from other agents now we're not facing the issue of the stamp duty threshold.

Also wondered whether putting in a new kitchen might help (it's the only thing in the flat that is really dated). But then people would potentially be viewing it when there's work being done and it's a mess, and if the new kitchen wasn't to their taste it might put them off...

Any words of wisdom?

OP posts:
roneik · 28/12/2014 11:37

Well some of the posters seem to be in denial to me , and yes many probably millions have their heads in the sand. If they had not, then maybe if they had shown their displeasure things may have turned out differently.
You cannot and will not have an economy that will run forever properly, that is borrowing huge sums each month and paying scores of billions interest on that . I have not even mentioned the DEBT just the deficit.
This will not end well IMO

roneik · 28/12/2014 11:40

If they did not think it would go on forever, then no way would they still be in the market for a house at this time in the South east

#Think about it

roneik · 30/12/2014 14:07

Cough Xmas Grin

LittleBearPad · 30/12/2014 17:54

Apart from the fact Roneik that people buy houses for myriad reasons you don't acknowledge.

We will buy a house this year in the South East as we no longer fit in our two bed flat and for many practical reasons we need a house.

We will pay what we need to in order to secure the house we buy. It may be that the house we buy is worth a little less by the end of the year than we pay for it but as we'll be buying a home not an investment that doesn't matter too much in the scheme of things.

We will buy in London as that's where we both work and our jobs don't exist in Lincolnshire or Lowestoft hence your suggestions above aren't relevant.

I don't think anyone on this thread thinks that house prices will continue to rise as they did at the beginning of last year. But equally a crash is very unlikely no matter what you may think.

roneik · 04/01/2015 16:41

LittleBearPad It does not matter what I think, it is crashing as I type
Downward London 2 months over 30k and high end 80k for december

If needs must buy , that was not my point though
The topic heading is "few offers and no viewings " it's the time of year RIGHT

It's not the time of year it's the crash that had to come
It is not doing a wheelie it's coming in on schedule

It's over

LittleBearPad · 04/01/2015 19:08

It's not crashing. There may have been price corrections which was likely given the overheating in the market last spring.

You provide no context for the figures you spout. What average value is the £80k reduction on? Where is the figure taken from? Houses aren't put on the market in December in general so the months you cite aren't typical.

Adding It's over at the end of every post like some strange netmums ticker doesn't make it so.

noddyholder · 04/01/2015 20:42

Lets hope it is over.

Bowlersarm · 04/01/2015 20:56

I don't hope anything is over. What a strange thing to say.

roneik · 04/01/2015 21:01

It is crashing already probably as much as 12/13% in last 4 months. Definatley in excess of 10% . All the information is freely available on the internet
Now I said by juy, and last month saw london down over 5% November nearly as much
The two months prior to nov saw falls too
If you have that until July thats another 35%
So add 19% to 35% and you have 45 %

Now last month saw a greater fall in London than November, what is to say that I am wrong in my opinion that further months until JUly will not see greater % falls

Dont make me out to be a fool, I lark about but am nobody's fool
Some on here are in for a rude awakening soon
Chew on the the figures , scary eh

roneik · 04/01/2015 21:06

EDit for typo add 10% to 35% equals 45% and angry spelling
No sense of humor or humanity from some of the trough people, cant be making many happy all this my house is going to make me rich crap

Bowlersarm · 04/01/2015 21:07

Yeah yeah yeah. Keep hoping, Ron.

roneik · 04/01/2015 21:09

Bowlers arm you are a failed buy to let landlord , you said as much. So dont tell me I am strange because I posted it's over .

It was posted parrot style for the benefit of any parrots following the thread

noddyholder · 04/01/2015 21:11

Why is it strange? I am one of very many. The current boom and bust system is unsustainable and I do hope its over and prices correct sharply. WHy on earth would people want to pay more than they can truly afford for anything

noddyholder · 04/01/2015 21:15

BTL will be in deep trouble once rates rise.So many IO mortgages with no repayment vehicle will also be stuffed. It needs to happen there are always casualties and if you consider it a home then it won't matter and if you are a business person then you will know assets rise and fall and have acted accordingly with your investments I know lots of LL who sold multiple properties in the summer and they know their market better than I do. They wanted out.

roneik · 04/01/2015 21:15

All the info I gave was taken from the internet from reliable sources , you are in denial. Are RICS ,the house selling sites, the land registry ,price tracking sites, mortgage lending bank stats all wrong and you are right? because the free ride is ending? No you will see I am right, and a few more months of these stats and even the idiots will have to admit they were wrong

Bowlersarm · 04/01/2015 21:16

Why am I a failed buy to let landlord Ron?. I said we had a flat which we decided to sell in Mitcham in December, which we got an excellent price for within a day on the market. Don't assume you know anymore about me than that one fact.

roneik · 04/01/2015 21:32

You stated the tenant wrecked the place, that is not a happy tenant .
Decades ago I rented , landlords didn't screw people with massive rents . The percentage of single income for rent was tiny in comparison to present rates.
I am sorry but you did not ever hear of tenants destroying their rental property.
In most cases they had a home that was secure and could decorate and put roots down.
There are millions of people out there that hate the guts of landlords .
I have met quite a few and with good reason to hate them. There must have been a lot of anger in tenants that wreck properties , and I for one think there is more to this than landlords want to realize .

Bowlersarm · 04/01/2015 21:51

The tenant did indeed wreck the place. He was on housing benefit, chose not to pay us, we evicted, he trashed it. It wasn't a buy to let property though. We decided not to use money to do it up so sold it immediately. It fetched a great price. In December, Ron. You know. The month when the property market was crashing. According to you.

roneik · 04/01/2015 22:05

A crash does not mean nothing sells. It means the price crashes. Meaning much less sells for much less
It was crashing in December by 5.7% and slightly less in November thats over 11% for two months and with the two months prior to nov It is about 13%
Keep that up till july and property will be 45% less in value
I call that a crash, not a blip
Maybe the folk on here are not up to the simple maths methinks, been reading too much tripe from the ministry of plenty and the VIs and failing landlordsGrin

emeline · 05/01/2015 14:18

Amethyst it's almost a month since you started this thread...any news?

roneik · 08/01/2015 19:41

Yes it's worth another 30k less
Never mind the ministry of plenty will have another donkey scheme soon.
Everybody will be a millionaire from the spoils of property

Good luck with that one

The selling window closes soon

MrsFlorrick · 08/01/2015 19:45

Roniek. You're still here? You said you were leaving and said goodbye?

roneik · 08/01/2015 20:07

Hello mrsfourwicks My mission was to bring all the updates and updates I bring.

Bowlersarm · 08/01/2015 20:08

Have you moved yet, MrsF?

HansieLove · 08/01/2015 22:04

Would someone post the website for this property? I tried searching but can't find it. Thanks!