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What's wrong with our house?

392 replies

sueyandcol1 · 07/10/2017 18:15

Hi all. I'm a retired gran living in west London with DH and I would really appreciate some practical advice please.

Our house has been on the market for 4 weeks and we haven't had a single viewer. I know the price may seem high but that's about average for this area. We can't work out what's wrong with it. We know we could rip out the brown bathroom, paint all the walls white, etc, and if we haven't sold in six months then maybe that's what we'll do. But we're just wondering if there's anything obviously "wrong" that we can fix without spending too much money. We just want to get some viewers! Any practical suggestions would be most welcome...

Please see www.zoopla.co.uk/for-sale/details/44957399?betabanner_dismiss=1#8IpVgvS6tHJhxHgW.97

OP posts:
RunRabbitRunRabbit · 09/10/2017 14:05

Underprice it on the listings.

Buyers get into a bidding war. They compete and lift the price.

Get the EA to set up an open day of viewings. This used to be unusual but is quite common now.

At a cheap price in a good location with easy renovation potential, you will get loads of people coming in to view on the open day. They all see how much interest there is as everyone traipses round, they fall in love with the potential and they start making high offers.

You can put off accepting an asking price offer by saying you are waiting to see if anyone in a "better position to move" turns up.

I've done similar to this twice and ended up selling at above the road's ceiling price.

Btw, even a little bit of artificial grass over the decking out the back will help families to see it as a garden not a yard.

When dressing the rooms remember that for your house you are selling potential. You could get a bathroom or kitchen showroom to do you a potential layout with a lower end budget especially with the wall between kitchen and dining room knocked through. Leave the colour printouts for viewers to see.

Bearbehind · 09/10/2017 14:05

I'm not sure how much more practical the advice could be than to reduce the price because it's way out of line with it's comparables.

They are using an online EA who have probably never been to Ealing let alone know the market which is why they won't have had objective advice on the price.

expatinscotland · 09/10/2017 14:21

'They are using an online EA who have probably never been to Ealing let alone know the market which is why they won't have had objective advice on the price.'

Yep. You get what you pay for.

minipie · 09/10/2017 14:23

Ohhh it's an online agent.

Right OP in that case my advice is to get at least 3 local agents round and reset your price to somewhere arounf the middle of the valuations.

And consider appointing one of them. I know it feels like money for old rope but when you have a property which isn't flying off the shelf I think it can be worth it.

Stormyweather1 · 09/10/2017 14:30

I actually really love the retro brown bathroom (sadly couldn't afford anything like 800k) but my first thought was that the garden is not really set up for kids to play in if it's being sold as a family home. would it be very expensive to turf it over? Also perhaps photograph the office empty or set up as a bedroom so the house can be envisaged with the full complement of bedrooms. haven't rtft BTW so my apologies if these points have already been addressed.

5rivers7hills · 09/10/2017 14:30

Wow, the OP asked for practical suggestions, but seems to have received a diatribe of peoples personal views on the London property market!

@parkview094

Not really. Most people here do know London and Ealing.

No 20 isn't a comparable - No 20 has an extra 50% living space, its extending really well, 2 bathrooms, 4 beds and brand spanking new bathrooms and kitchen. The OP wants at least 50% more than that house for hers. No where in the country has there been a 50% increase in prices in the last few months!!!

crazycatgal · 09/10/2017 14:33

The decor isn't to my taste and I would want to change the kitchen and bathroom. It's a lovely space but maybe people are looking at properties with a more modern decor inside.

Argeles · 09/10/2017 14:46

The front of your house is gorgeous!

I personally wouldn’t mind having to re-decorate the inside, and I think that the price you have listed your house for is realistic for the area and type of property. The houses just 2 or 3 roads away from yours sell for around £1.3 million.

For me, it’s the location of your house that would prevent me from viewing it. It’s surrounded by train tracks, and the South Circular. Other people may feel the same, in which case you need to either lower your price, or work on your interior.

another20 · 09/10/2017 14:57

*Underprice it on the listings.

Buyers get into a bidding war. They compete and lift the price.*

This is exactly what I would do. And soon.
Would not be holding on for the market to erode an further if you want to move on with your life in the short/medium term.

The OP has lived in the house for 30 years and will have seen the boom/bust cycles come and go but still has a HUGE profit of cash to take away from this home right now with what looks like zero investment (apart from a lick of paint) into the property over the years.

Appreciate they want top dollar (like everyone else does) from the sale and if it is your penultimate house or is to fund your retirement then you need to aim to achieve this. But holding out for a unrealistic is just delusional right now when the market is against you.

parkview094 · 09/10/2017 15:01

Oh! I'd failed to notice it was listed with an online EA. Who set the price, you or HN?

StopShoutingAtYourBrother · 09/10/2017 15:03

Argeles - with all due respect I don’t think you know this area at all as the streets and estate you are comparing them to are much naicer and prestigious than this one for lots of reasons, not least the tube lines, crossrail, mainline and north circular. Yes the road itself looks nice but the actual physical location is literally the least good (trying to be nice here) in the local area and that’s why that price is totally unrealistic.

Bluntness100 · 09/10/2017 15:09

Buyers get into a bidding war. They compete and lift the price.This is exactly what I would do

Yes I’ve sold a house like this. Effectively my company bought it off me as I needed to move for work and put an agent in to sell it. I was guaranteed the difference in what the agent sold it for if it was mor but I wouldn’t have to give money back if it was less.

The agent priced it very low and I was extremely upset and attempted to argue it with them, they refused to enter a discussion with me and simply said they knew what they were doing. They created a huge bidding war and the house sold for about ten percent above where I expected it to go.

I also had another property where the agent convinced me to put to high w price against it, even though I did disagree and say I thought it was too high. No viewers. This went on for about five months with two small drops in between. Still no viewers. When I eventually dropped the price to a very realistic level as I had a time pressure I had so many viewers we had to have an open day and it sold the same work with three buyers competing.

The trick is to get them through the door.

JoJoSM2 · 09/10/2017 15:25

Buyers get into a bidding war. They compete and lift the price.This is exactly what I would do

Only to get it listed at a price that people would even come to the open house and start a bidding war, it'd need to come down by 150-200k in price... I don't think the OP is ready to let go of her beloved family home and all the memories and her completely unrealistic commercial view of it.

woodhill · 09/10/2017 15:31

I like your house apart from the bathroom

Also is it mid terrace with access at the back?

Whatthefoxgoingon · 09/10/2017 15:40

Echoing others to say your house is overpriced both for its location and dated interiors. I have sold a house near here before.

You need to reduce the price and move fast as the London market is showing distinct signs of plunging now. No one can say for sure, but it's looking very jittery and I have long experience of buying and selling here. Don't miss the boat!

wowfudge · 09/10/2017 16:08

The OP has only posted a couple of times, so I'm not sure we really know what her view is, except she's seen local asking prices and it appears the EA has advised way too high an asking price.

BritInUS1 · 09/10/2017 16:13

I would get another opinion on the price as it does seem it's too high

I would also get that bathroom replaced as this will put a lot of people off x

Hillingdon · 09/10/2017 18:18

I haven't heard a good word said about online EA's bar the price. We found when we sold recently its not getting the viewings and a offer - its keeping it going. Some people are such fibbers or become very secretive when being asked what their own position is.

Our first offer was from a man who said he was a cash buyer and this was NOT a cheap house. What he meant was that he needed a mortgage but as it was HIM in his view he would definitely get it so it was as good as cash!

The second potential offer was from a family and it was clear that the women didn't want to move. She wanted to come around numerous times and kept trying to find something that she could point to. Her OH loved it but the EA was brilliant and when we finally had a proper buyer who slowed down massively towards the end he kept things going and was so calm and collected he 100% deserved the commission.

I know the EA costs looks like a lot but they only get their fee on completion. They are one of those occupations that just have to suck up the time wasters (looking at SIL who had her house on and the off the market many times!)

He was an independent and I think that made a difference.

Anyway this house will sell for what it sells for but I suspect that the OP doesn't have a compelling reason to sell or an event that means they need to make a deadline so they could be one of those sellers who say they will 'wait' for the right offer. EA's hate them. BTW - I am not an EA or have any connection but I learnt so much last year when selling and buying.

Hillingdon · 09/10/2017 18:23

I used to live in Ealing and still have family there. five min walks to the tubes is a godsend and those outstanding schools both primary and sec covers all ages.

Still think it is rather overpriced but agree with others. Get a proper EA in to give a priced to sell valuation and then see what happens - that is if you really want to move!

howrudeforme · 09/10/2017 18:29

Jeez,lots of hate on this thread.

Who'd spend up to £150k on those conversions, oh please!

CookieDoughKid · 09/10/2017 19:02

If you drop your price by £100k you might get interest. Try that and see what bites.

sueyandcol1 · 09/10/2017 19:04

Hi all, nanny Suey is back! Sorry for the delay. After such a deluge of feedback, DH and I have been very busy trying to analyse all of your comments, which have given us much to think about and which we really appreciate.

I just want to reassure you all that this is a genuine post and not something posted by a potential buyer, and it wasn't intended to get us more hits on our listing ("click bait?"), although in fact it certainly has.

Thank you all, especially those of you who were concerned I would be upset by some of the comments. Don't worry, I wasn't, although reading so many negative remarks can be depressing! Having said that, very little in the comments came as a surprise.

DH's analysis showed that most comments were related to changing the bathroom, reducing the price, changing the kitchen and updating the decor. We do not plan to do any major renovations ourselves. Three local estate agents came to look at the house last year and they all said the same - don't change anything. A buyer will always want to put their own stamp on a place, and many new bathrooms and kitchens put in by vendors end up in skips just months later.

You made relatively few comments about changing the carpets, removing some furniture and the fitted wardrobes. I really don't understand the last one. I know some people don't like pine, but what's wrong with fitted wardrobes? They hold lots of stuff!

Yes it's possible to knock down the wall between the kitchen and the dining room and extend out from the back (probably losing the deck) to make a large kitchen / dining area. It's not our style but we appreciate it would suit many people. That's what they did at number 20, which a number of PPs have mentioned. That house was originally on the market this year at £1m! But they quickly reduced and sold it at £875k. I think they were in a hurry to move and maybe got less than they wanted.

We will certainly take on board a number of ideas, which will then of course require new photos, so we may hang on for a while yet and re--launch with new photos in a few months time.

By the way, the EA we are using is the UK's longest established online EA. We thought we would try them first as a conventional EA would charge us a fee of at least £8k and, from the research we've done, they do little more than an online one. From what we understand, the days of conventional EAs having lists of people looking to buy a property are long gone.

The best bet now will be to reduce the price to a more realistic level. We set our asking price ourselves, not the online EA. We were probably over-optimistic! We started high with the hope of raising as much as we could, not only to help fund our retirement, but also to help our daughter and her family move up the property ladder in these difficult times. Before too long, we may be helping our grandchildren get on the property ladder too. We are fully aware of the difficulties faced by younger people in the property market nowadays, and every extra £10k we can get for our house could be used to help other members of the family.

Thank you all again for taking the time to comment, at all times of day and night and despite, I expect, various distractions such as the needs of your family! We really appreciate your feedback.

OP posts:
KitKat1985 · 09/10/2017 19:13

Hi OP. Well done for coming back to this thread given that you had some tough replies to read through. For what it's worth, I think reducing the price is the right call for you. Have you got an idea on what you want the new listing price to be?

InTheRoseGarden · 09/10/2017 19:22

Hmmm...

minipie · 09/10/2017 19:28

What a very sensible, measured, non stroppy response OP (hope that doesn't sound too patronising). Your daughter is very lucky.

Best bet re setting a new price is to get various local "bricks and mortar" EAs round to value. You don't have to appoint them, they'll give a no strings valuation (you may already know/have done this). Don't believe the highest if it's way out of line with the others, they are just trying to suck you in especially if it's Foxtons or Savills. Take an average. One pp advised to set the price low to get lots of interested buyers and then start a bidding war (possibly using an open day) - this could be very effective for your house, I think, but would need to be run by an experienced local estate agent.

It might be worth seeing if you can negotiate a local agent's fees down. London agents are struggling at the moment with low stock and low turnover so they might be willing to reduce their usualcommission. Especially if it's an independent rather than a big chain.

Good luck!

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