All 3 houses for sale in a 3 house cul de sac?

[trixymalixy]

As a buyerwhat would you think? And what effect do you think it would have on the selling prices?

OP ask the EA to put a note on the web ad saying that it's not related to sale of other 2.

it depends what the market is like at the moment but if there's a risk of people skipping past it because there are similar options available with no suspicious flag attached, then you need to have that on the listing.

You may need to share Rightmove links to all three so we can cast judgement understand the particulars of it all.

It wouldn't necessarily put me off because sometimes it's a domino effect: one person puts their house up for sale, and a neighbour thinks, "Oooh, an asking price of £800K? Shall we try ours at that price, too, Tom?" and then Margot and Jerry decide now would be a good time to downsize too. That has happened in my road. No houses for sale for around ten years, then four come up all at once.

Ha, I've identified myself enough with the description of the three houses!!

Anyway latest news is that house no 1 have accepted an offer, so hopefully it will be coming off the websites and signs will be coming down...

This happened a lot where I live which is an area with lots of small developments. What happened was that everyone moved into the new builds together...then started going through the getting married/starting families phases together and they also seemed to hit a phase when several families looked to move at the same time. Often it was down to wanting to move to a house with an extra bedroom, a couple of times it coincided with career moves. It wasn't that the houses where we live are bad - just that the people who originally moved in had different needs over time, so they moved and the cycle began again.

On the bright side, if all houses are similar, you may be able to get one cheaper as other buyers may also be put off.

Thanks jax, that's helpful given that I'm a seller!

if only 2 of the 3 were on though, it might look as if the 3rd was the reason the other 2 were on (ie bad neighbours)

better to have all 3 on at once I'd have thought. prospective buyers then have more of an incentive to look into the actual reasons for sale.

Honestly? As a buyer I would think that you were all trying to escape before something awful happened locally - housing development, bypass, or something.

Because the 3 properties are completely different prospective buyers may not realise until they come to look at the property in which case it is easy enough for the agent to explain the situation.

Honestly, if I were viewing your house and you gave me the explanation you just did - that it's just chance - I would believe you and wouldn't really look further. And I'm quite cautious about doing all the checks.

I don't think it will necessarily depress prices, either. The three houses are really, really different and likely to appeal to different kinds of buyers anyway - the kind of person who buys a huge place that needs tons of work is very different from the kind who will want your place I would have thought. I know that selling a house is just a really worrying time, but please try not to stress about this.

Interesting that your reason is school catchment. That was my first thought - that families had bought there and then realised the catchment wasn't great. Obviously it's not the case for your two neighbours, but it's still what I'd be looking into as a buyer. But then I am somewhat obsessed!

What are the different prices? Do it in terms of X if you don't want to identify.

Aside from wondering why they were all up for sale, it would put me off because I think its good to visit at different times and see what the area is like, what parking is like etc and there would be no point if everybody was moving

I get what you're saying smurfy, but there's always a risk with any area - you can never be entirely certain what neighbours are going to be like, or if they have plans to move on quite shortly.

My first house had lovely neighbours, until one moved out and the family from hell moved in. The thing with these houses is that they all sound, ahem, rather huge (which makes me wonder about the school catchment problem in an unjustifiably nosy fashion!!)- so it's possibly less likely to be a concern than with more dense housing??

Can you get the EA to explain this to prospective buyers? That it's due to personal reasons as opposed to moving away from problem neighbours or due to an upcoming development?

It wouldn't put me off if its somewhere I would otherwise consider buying, in fact I'd probably be grateful for the extra choice. Though I would be suspicious of two either side of another and try to investigate the neighbour in the middle!

Some time early next year there could be 3 out of 4 bungalows in my small close up for sale. All older people: one is moving in with his daughter, one has gone into residential care & another is also likely to need care very soon. Two are identical layout but one needs a full upgrade, the third has already been upgraded with an additional en-suite and made wheelchair-friendly with wider doorways & ramps etc. Its just a combination of circumstances that all 3 are available at the same time. I hope that buyers will appreciate the extra choice and not think there is something suspicious going on that could impact on prices in the rest of the street.

What can happen is seller 1 geneuinely needs to move- gets a very good valuation and potentially can make good money. Seller two has a nosey online and sees this and says 'well I was considering a move' and thinks of the potential cash and hence also puts house up for sale. Seller 3 panics that his lovely neighbours are going and also decides he 'might' move and put house on the market to 'see what happens'

It would worry me as a seller. When there's a surfeit of anything it tends to bring prices down as it's not 'exclusive' anymore. I'm sure that any prospective buyers will be equally suspicious and do their homework to find out why they're all for sale at the same time.

If nothing untoward is found (and surely the solicitors/estate agents should point this out) then I'd worry less.

The courtyard by me always has houses for sale and there are only around 4. I promise its got nothing to do with me!

The problem is that they are not particularly nice conversions, are terraced with no garden area other than a shared front area. You could buy a detached house with gardens, garage a few miles away. They are often bought as holiday homes and those using them behave pretty badly, partying, screaming at all hours because they are not here permanently. Sometimes they take around 3 years to sell.

I pity the new owners who have bought recently because they really don't know how hellish it can be. I put a very large hedge up years ago which is now complained about by resident complainer Colonel Bufton Tufton who wants all the trees cut down in a wooded village because he may slip on the leaves.

Check catch up for Nightmare Neighbour Next Door as it may well feature. As always, caveat emptor, let the buyer beware.

It wouldn't bother me tbh.

Imina neighbor 1 wants around £50k less than 2 and 3.

If the houses are in a cul de sac, do they really need boards up outside?
It is going to have a negligable impact on getting them sold, so the first negotiating point would be with the other neighbours to get all three taken down.

And if the houses are that different, presumably they are very different prices and therefore buyers.
If I'm in the market for a 3 bed house, my Rightmove house will be for 3&4 bed houses within my price range. Therefore the 6 bed isn't going to come up on my search results.

So without a sign up, it is quite possible that people won't realise that the others are for sale when looking online or doing viewings.

Joffrey, don't things like that come up on searches?! When we bought, we were very careful to check there was no history of flooding, or indeed any streams nearby. We live on top of a hill, luckily, but there's planning permission for a new development on the field next to our estate, which is some metres lower than us - I'd relieved they aren't higher up than us because I wouldn't want to risk getting their rain run-off.

It would give me cause for concern, tbh, OP. I'd certainly want my solicitors to be very careful in their searches.