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our converted garage isn't selling, market seems to have not picked up in jan

269 replies

pigglewiggle · 18/02/2015 20:15

We've converted our garage into a home. Its freehold and I'll admit its a bit on the small side but if I was in my 20s or looking for an investment I think it would be fab. Its similar in size to one bed flats however has the advantage of no shared walls.

We took out a quite large loan to pay for this (40k) and currently have it on at 175 so were hoping to make a decent profit but its been on for 3 months now with only 4 viewings and no offers. Its getting to the stage where the interest is making a real dent in our finances and eating into the profit. Its all done up to a good spec and is clear and neutral so I don't think that's the problem.

I was to spend some money to put some funishings in and keep the price while partner is wanting to lower the price 10k. Any advice?

OP posts:
Baddz · 21/02/2015 18:15

I agree with you, but you lost me after resorting to name calling.

Bowlersarm · 21/02/2015 18:27

Macready, the op acknowledged she had changed details so, - simple me, I know, womanly simper - I kind of thought the property isn't in Hampshire at all Shock

wowfudge · 21/02/2015 19:14

Who did that to you Baddz? Thought it was aimed at Macready, no?

SolomanDaisy · 21/02/2015 19:35

Umm, no macready, I said on the first page of the thread that I initially thought it was a joke thread because there is no demand to live in expensive converted garages. But that doesn't mean I think it's nice for people to come and join MN specifically to be abusive to posters seeking advice here.

jollygoodthen · 21/02/2015 20:09

"We were happy to sell it if it made a huge profit." - OP

I'm not anti-capitalist, but with an entire generation priced out, this attitude strikes me as anti-social.

"Sick of all this house inflation bollocks etc. Not saying it doesn't happen but jeez, it wasn't caused by the OP." - MooMaid

Nobody ever sees themselves as part of the problem.

"Why are 'house price crash' so interested in us?" - Pipbin

It's part of their remit to examine house price insanity. For all its faults – and a laissez-faire attitude to misogyny is one of them – HPC is an equal opportunity critic of the dominant economic memes. It has long been a haven for people who think house prices are far too high, and that this is a bad thing. It is also a fantastically useful site for tearing apart the press releases which pass as journalism.

"i have never been on the HPC forum but i shan't bother given the behaviour of their ambassadors. they seem like those cult leaders who forecast the apocalypse and then have to scrabble about to explain why it didn't happen after the day has passed" - PetulaGordino

I wouldn't consider myself an ambassador, more a dual citizen. Reports of the great house price apocalypse were surely premature. Not many of us were prepared for the lengths to which the government would go to prop up prices.

I can see why HPC can appear like a cult to some, but if this is the Kool-Aid, I'll admit to drinking it [not my post, I mostly lurk]:

"I have been on and off this site for years and don't miss the likes of McTavish and Sibley [two notorious trolls who as it turns out were better prepared]. They viewed us HPC ers as small minded jealous people who simply wanted to gain from other's misfortune (as they would put it). They couldn't see that we were actually arguing against the damage that HPI was causing to the very balance of society as they were happy being the beneficiaries.

No one can argue that society is better off as a result of HPI. The financial crash and consequent fixes have made this country a worse place to live. Instead of competing with each other through endeavour and enterprise we are now a society that seeks to compete through denial and strangulation."

Baddz · 21/02/2015 20:38

Wow....my post was to macready

wowfudge · 21/02/2015 21:50

Ah - that explains things then: I never saw that post as it was deleted by MNHQ.

lardyarse · 22/02/2015 12:36

If I were you I'd give it another coat of magnolia. Buy a vase from your local pound shop and put a few twigs from the garden in it to create some "ambience". Then add another £50k to the price. It's guaranteed to sell.

PetulaGordino · 22/02/2015 12:42

Why are you lot so obsessed with twigs?

Bowlersarm · 22/02/2015 13:07

It's the housepricecrashers who go on about twigs Petula. They are poking fun.

PetulaGordino · 22/02/2015 13:11

Oh I know who it is. I just don't know why they are obsessed with twigs.

PiratePanda · 22/02/2015 17:36

Meanwhile the HPC-ers are the only people still bothering with this thread, bumping away. Let's kill the thread now, everyone else. OP is long gone.

housepicturesqueclub · 23/02/2015 14:53

FFS someone put an asking price offer in. Cheapo solicitor, then drop the offer to say, ooh, £50k just before exchange of contracts. Fair profit for them of £10k.

It's a GARAGE people, pronouncing it like the Americans do won't turn it into a house with a garden.

Pipbin · 23/02/2015 16:33

It's a GARAGE people, pronouncing it like the Americans do won't turn it into a house with a garden.

How do you know how anyone is pronouncing anything?
And if you hadn't noticed the op sodded off a long time ago.

housepicturesqueclub · 24/02/2015 11:44

Pipbin
Straight over your head.

Irrelevant.

AKnickerfulOfMenace · 24/02/2015 12:37

You are calling Pipbin irrelevant when your post was about pronunciation on a written forum?

HAHAHAHAHAHA you are funny.

Pipbin · 24/02/2015 12:40

Oh, was that an attempt at humour House? It's rather hard to tell.
It didn't go straight over my head, it fell flat on the floor long before it got there.

housepicturesqueclub · 24/02/2015 19:55

knickers on a thread, replies tend to refer to the content, not the person writing it. You seem to have your knickers in a twist and a problem with your keyboard

AKnickerfulOfMenace · 24/02/2015 20:02

"You are calling Pipbin's post irrelevant when your post was about pronunciation on a written forum?

HAHAHAHAHAHA you are funny."

Now would you care to respond to the content? Realise you are new here, but snide remarks are unpopular.

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