Sellers roll call! How many viewings are you gettingin this stagnant market?

[Pixiedust1973]

I thought it would be nice to update each other with our progress as I seem to of lost the other sellers thread!

My house has been on the market on & off since April last year. We found a house we liked, got a buyer before putting in an offer. Had a low offer but managed to negotiate them up & the house we want down to an acceptable level, just! Turns out after many months that their buyer can't proceed so we decide to cut off from our old agents & start afresh with a 25k reduction for quick sale, making us without question the best house in the area for the price! Comparables being 40-50k higher! Im in an expensive part of Surrey btw, hence silly money for very little!

Been on 55 days now & had 11 viewings, 2 cheeky try their luck offers we can't accept because they're 30k below our asking price already reduced by 25k. Id say that given how stagnant the market is we're getting a reasonable amount of interest. Getting lots more hits online since the new year & hopefully its only a matter of time. The viewers we are getting are proceedable viewers, mainly chain free. Probably explains the low offers! Had a second viewing on Friday & awaiting their feedback today. Thought they were keen but the later in the day it gets the more nervous im getting!

Ours went on the market on Thursday afternoon. 5 viewings on Saturday, and one 'note of interest' and second viewing booked.

We did price it very realistically though (we were in a hurry to get a house we wanted, which has now sold to someone else, bah).

We had a viewing yesterday but I wasn't in so no idea how it went. Assume we will get feedback tomorrow but reckon it will be the same old "area is shit"

I still don't understand why you'd even bother viewing somewhere before you'd had a look around the area.

Sounds positive WomanWithAltitude. I hope you get a buyer quickly. How is the market where you are? We also priced well for the market (when we went on in March 17) & had 8-10 viewings at our open day, but no offer until July 17, which was 36k below asking. We accepted but it went wrong. I'm not expecting to get that much now because the market has dropped further. The market is awful where I am in Surrey.

You never know Flaming. These could be the ones. So hard to think positively though, I know.. Has to happen sometime though, doesn't it?

well ive had to ask the estate agent for feedback, and in my mind if someone hasn't put an offer in the next working day after they've viewed it, or booked a second viewing then they're not gonna.

She has tried to call but didn't get through so left a message.

I'm sure it will happen eventually moving but at the minute it kind of feels like it will never sell. If that's the case then I guess we have a few years of saving for another deposit and we'll have to rent the fucking thing out. Not ideal really.

Every other fucking house round here seems to be selling, even ones in worse streets than ours, smaller than ours and more expensive.

And the neighbours are being knobs again.

could cry!

my facebook ad is now live though so we shall see if that brings anything.

I also have a company coming round tonight who sell to people who don't have a deposit (bit morally ambiguous I think but at this point im not sure I care!)

they offer market value and once they have agreed a price they find a buyer for you at that price, They also say they work alongside estate agents but I assume mine wouldn't be happy about that, but if they are confident they could find a buyer I can wait until my contact is up and enlist them anyway and sack EA off.

Jgm sorry to hear that. I find it weird that people offer on a house without viewing options they had already lined up. Even if I love a house I look at any on my right move list all within a few days just to be sure.

WomanwithAltitude wow that's a great start.

Flamingo you will sell your house in certain of it. It's just taking it's sweet time.

Well still no viewings here. The EA contacted us for the first time the other day despite it being on for four weeks tomorrow and he said that at the moment the office is quiet, presumably with holidays and that those coming in are looking at 3 beds. We are going to reduce the price the week before the children go back to school to offers over.

We are in a 12 week contract. Does that mean at the end of it we can leave the contract and go with another agent. Not sure how it all works. I think I'm just going to go with an online agent. The big house we wanted we are now not sure about as our mortgage repayments are going to be pretty hefty so we may go for a new build a bit further out than we had hoped but still catchment for the high school. It's large village house vs even larger (bigger mortgage) house on the outskirts of a town. That's depending on anything being available by the time we actually sell

I think after your contract is up beautician you can with another agent, we have to give 28 days notice after that.

Also, if we sell in the next 2 years, to anyone the EA originally introduced to us (ie someone who viewed when it was up with them) then we will still have to pay commission.

So maybe check your contract to make sure you don't get caught out

I though about sacking our EA off and going with an online one to save money because our EA doesn't actually seem to be doing anything to help us sell right now. Only thing putting me off is that 2 year clause, if the couple who are trying to sell theirs to buy ours manage to sell then we would still have to pay original EA....

Hi everyone, just stumbled across this thread and can’t believe I haven’t seen it before! So useful!
Need some advice if anyone can.... property has been on the market since 31/05 and only a handful of viewings. It’s on for £280k; we had one offer at £268k, we asked for at least £275k but they wouldn’t go that high. Just had another offer at £265k. I’m reluctant to sell that far off the asking price. I can’t help but think, “how much could you possibly want the place?”
We’re in no hurry - buying a house from a deceased family member and probate solicitor confirms there is no rush. Having said that, I’d like to get going because I’m impatient
Anyone have any thoughts?

curiosity - honestly if you can afford to take the offer and still buy the house you want, I would.

its what 6% less than your asking price?

I would be snapping their hand off if you're serious about buying the other house.

if you read this thread you'll see that a lot of us have had really shit offers that we cant afford to take, non proceedable offers and offers at all! If you have an offer you can take i'd just take it.

Yes I thought that might be the answer flamingofridays, that’s definitely what I got from the thread. Unfortunately the other thing I picked up on was how many people pull out of sales. The reason we asked the original offerer to go up to £275k was because I wanted them to prove they wanted it and hopefully avoid someone dropping out. Which I’m aware sounds like completely insane logic.
The house we’re buying needs a lot of work and we’ll need to get asking price to afford what we need to do. We always knew we’d need to compromise (didn’t actually expect asking price) but I guess we need to work out how much we can afford to compromise by as well.
Gosh this is tricky.
Thanks for your swift reply btw!

Which I’m aware sounds like completely insane logic in the nicest possible way it does, however I am probably saying this because I would LOVE an offer 6% off asking.

I don't think price really ensures someone is a serious buyer unfortunately!

I can see why you want/need asking price, but I suppose you have to evaluate whether to take this and take a little longer to do the work or hold out for a higher offer, however as this thread illustrates its not a given that you will get one!

I would be inclined to take it.

Do I recall right that you’ve been on since 30/05 with ~25 viewings flaming? And no offers? I think we’ve probably had about 8 viewings so stay positive that you have had a lot more than us! Ours is a first time buyer house for sure and I guess yours is family home; I used to sell houses and the family houses really do take longer to sell so I don’t think you should be too disheartened. Which is so much easier to say from the outside because I’m totally disheartened by my own situation! I think a combination of this heatwave and the football has just created shit market conditions.

Thank you for your help, I needed someone to confirm my logic was insane! DH is going to ask EA to try and get them up a bit so fingers crossed.

Well today’s viewing went well...they all go well but then we hear nothing. Agent seemed v upbeat as this viewer had missed out on two others locally recently, so been asked to come back within 24 hours.
If I hear nothing I’m reducing again.

Good luck for the new week people.

yep curiosity we've had 1 offer, for 98, but they have yet to sell their house, so we told them to come back when they had essentially. They're still on the market.

me and dp cant agree on what to do. I want to reduce to 100 and see if we can get more viewings, and sell it ASAP really.

Dp wants to leave it at 105 because that's what he believes its worth (me too for the record but im past caring and only care about what ne need to move) and then if doesn't sell, put up a fence round the back yard which is going to cost about £600/700 quid, and then would need resurfacing and more money spending on it. It might attract more buyers yes, but wouldn't change the area. though it would detract from the ugliness of the back street.

I feel like we're entirely stuck, it will never sell and we'll have to stay and spend even more bloody money on it than we already have.

aaaaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh.

we don't even have money to do the fence right now (off on hols soon so its going on that primarily!) so it would be like September / October anyway.

Flaming
If you are happy to accept 98k from the couple who need to sell then I don't see why your husband is holding out hope for 105k.
I would put it on for 99950 and hope for a couple of interested parties

because realistically the chances of them selling their house in good time are small...

flamingo I’ve been told by anyone and everyone that things pick up in September. Are you in a rush at all?
I suppose people do set their maximum Rightmove limit to round numbers so going underneath the £100k mark might spark some additional interest.
If I recall rightly when we were buying, unless there was something fundamentally wrong with the house, most of the reasons we weren’t interested were just because we didn’t get that “feeling”. So I guess it’s all about patience waiting for someone who does get that.
Is it the done thing on here to post the zoopla link for outsider opinions? Although that might not help you because it sounds like you’ve had quite a lot of viewings.

Good luck auntpetunia

we kind of are because we've seen a house we like, but that could sell at any time so not really. Ds is 2 so we need to move before he starts school ideally but that's 2 years away!! lets hope we have sold before then haha.

yes a few people have said the same to me but not sure whether its true - we shall see in time!!

I have posted the link on here somewhere! I did get helpful feedback also :)

most of my RL feedback has been about the area which unfortunately I cannot change,

spoken to DP some more and we think we're going to enclose the back yard (parking) and make it a garden. Its a 4 bed house so a "proper" enclosed garden space will make it more appealing. and, if nothing else, and it doesn't sell at least we can use it for the time being. next door wont be happy!

flamingo oh that’s good, not sure how I missed the link. I think as long as it’s priced according to the area and not a nearby nicer area then you’re doing all you can.

My offerer won’t go above £265k apparently I’m increasingly confused about my EA’s inability to negotiate successfully.

Yesterday afternoon DH was saying he wants to divorce me & take half the house money. If that happened it would be a fight because I need more than half & I put in way more than half. Thankfully we made up & he said he didn't mean it. Shows how stressful this gets though after 18 months!

If divorce is possibility don’t sell

I met my good friend when I found her in tears at school new starter day. She had just moved to area and knew no-one. She has a very professional highly paid job.
She agreed to move with her dh, he had a new job and wanted to relocate. She managed to get a new role. They put their house for sale and viewed loads but none was quite right, he objected to each one on minor points. They agreed to rent.

Moving day came, boxes packed £500,000 equity in bank, he informed her he wasn’t moving, he never had a job and they were getting divorced.

The original House had been hers pre-marriage. As it was sold there was no family home and it was split equally

He later told her that it was all a rouse as he knew that the courts would never have made her sell.

well EA has just called, she's just shown someone round

apparently he glanced in every room and outside and that was it - apparently he was looking for a house for his son.

strange - not holding out much hope for that one!

Hi all. I feel your pain Flaming. Our neighbours are knobs too. Its more thoughtlessness & selfishness than anything deliberate, because to speak to them they're nice enough people & we certainly don't have any disputes etc.

Beautician, we have a 12-week contract too & I'm pretty sure that if we want to exit it at 12 weeks we'd need to give notice at 8 weeks. Definitely check your contract to clarify the details.

In all honesty Curiosity, I'd of accepted the 268k offer, because with the reducing market you could well end up with even less in future. If you need to get a certain amount to proceed then your agent should be vetting buyers more carefully.

Fingers crossed todays viewer is the one Auntpetunia.

We had a bit of news today I wasn't expecting. Apparently someone who viewed in June has come back to the EA & said that they have an offer on their place, but because its a housing association shared ownership thing the HA need to check out the buyer first, which will take 5 days. Once that is done, if all is ok they want to offer on ours. No indication on what level the offer would be as yet, which is a bit frustrating, but as long as its not below the last one (which was about 12% below original asking price) then we'll go for it because we've REALLY had enough now! Fridays viewers, (who were so keen & going to decide what they wanted to do today) are not answering calls or responding to messages, so I'm guessing not going to offer now & DH's mate from work, who was apparently so keen to see the house & due to come today, has cancelled because he's playing cricket. So he's not a serious buyer then.. Everything pinned on the HA couple now, which could work out well as I'm guessing a transaction involving a HA may take a little longer, which suits us down to the ground if we're buying a new build!

Just seen your message Dallas. Sounds awful. Your poor friend!

Moving I'm lowering the price to offers over £265,000 in the last week of the school holidays which will be week 7. So I'll tell him then that if it hasn't sold by week 12 we will be ending our contract.
Good luck with the offer. I hope it's what you need it to be. Do you have your eye on just one house then?