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Help selling house

57 replies

Smithy500 · 11/06/2018 13:37

My house has been on the market for 4.5 months. I have had 6 viewings. I have asked other agents to come and look at it today and they say that the price is realistic and perhaps a drop to £750 might elicit more viewings. I am now running for cover but does anyone have any advice to get more viewings and a potential buyer or should I leave it for this year and try selling again next year?
www.rightmove.co.uk/property-for-sale/property-52780950.html

OP posts:
GETTINGLIKEMYMOTHER · 12/06/2018 16:57

Lovely house! But I imagine that small garden/no lawn could put off anyone with children. I'm not mad keen on some of the tiling, but it wouldn't put me off.
As so often, price is probably key. I'm sure someone's going to fall in love with it, though.

Bluntness100 · 12/06/2018 17:10

Op is it a little misleading? I am struggling to work it out but is the front of the house not photographed and right on the main road? With a very a narrow pavement and cars passing right by thr window?

If that's not the case it may be folks are struggling to work it out as i am. Or if it is the case it may look like you're hiding it?

Agree though it's beautiful, I'm just not sure there is not something missing from thr photos. A very big something.

Mrsmadevans · 13/06/2018 23:04

Blunt , yes you are dead right the front IS on the main road .

Emilie69 · 14/06/2018 10:12

OP, it is not your house in particular, it is every house.

Why would people view houses at the moment when they are waiting for prices to come down? I am in the market to buy, but I am not going to view until the market outside London falls. It is only common sense not to view.

Bluntness100 · 14/06/2018 15:54

Meh, my firend is just outside London and just accepted an offer five days after going on the market, full asking price.

You might be waiting awhile and be sorely disappointed if you wait till they drop.

Mrs, I think maybe the bit at the front is another house, and you enter through a shared passageway from the street, and there is double timber doors in that passage way. They then lead onto a small hallway and weirdly straight into the open plan dining room. So you walk into the dining room.

It's really very hard to work out. It also says there is parking for several cars but I'm struggling to see where that is too.

Op, I think the pictures aren't clear. It makes it look like a great house in a lovely location but street view makes it looks like it's right on a bend of a busy main road, limited pavement, and the front doors to the house aren't shown. I think you need to be honest in the photographs really. There is one view of rhe house only looking from one side, which makes you think you're trying to hide something when you look at street view. I'm sure you're not, so I'd have key things like front door and parking in the photos, it's very unusual to exclude them.

HouseOfLynx · 14/06/2018 16:16

It's gorgeous. I'd be viewing tomorrow if it was closer.

Do you mind me asking what colour paint you gave gone with and who by?

Emilie69 · 14/06/2018 16:50

Blunt, London falls are coming in thick and fast and dramatic. You are very optimistic to think the provinces will be immune from market woes in the country's economic capital.

Bluntness100 · 14/06/2018 17:23

They really aren't,,,, I think London is 0.7 percent and it depends on where. It's fairly stable.

Emilie69 · 14/06/2018 17:42

Sales volumes across the U.K. down 16.8% in February according to official data. Some London boroughs have seen transactions fall by over 40% in the past year.
Example: 34 Campden Grove
Bought in 2013 for £3.95m.
Feb 2017 marketed at £4.6m.
Apr 2017 reduced to £4.2m
Jan 2018 reduced to £3.85m
March 2018 reduced to £3.25m
May 2018 sold for £2.95m

Emilie69 · 14/06/2018 17:47

Also, a third of agreed sales in the UK now falling through. A record high.

Emilie69 · 14/06/2018 17:50

A distraught gentleman I met yesterday told me that over the past five years he has bought £10m worth of new London flats off-plan that are now completing. He says his bank has written the original values down by 40% which means he has lost £4 million before the flats are even finished.

Bluntness100 · 14/06/2018 17:55

I get you need to buy so want them to drop, but your stats aren't quite right I'm sorry.

Prices are fairly stable, where as volumes have dropped, this has the opposite effect of driving prices down, it drives them up. Because less housing stock on the Market and demand exceeds supply. Folks get jittery and look to stay put reducing supply. When supply is reduced pricing increases.

Value drops are minimal. Volume drops larger and that is the key indicator. Less volume without exception always always drives price up. It's the simple economics of supply and demand.

You can't look at what folks put their homes on the market for. You need to look at actual sale prices and compare month on month, year on year.

Also one house is not an indication of the market, in fact sales of million pound plus houses in London is currently bucking rhe trend and increasing, very likely due to reduced supply.

www.gov.uk/government/publications/uk-house-price-index-summary-april-2018/uk-house-price-index-summary-april-2018#sales-volumes

www.theweek.co.uk/london-house-prices

Emilie69 · 14/06/2018 17:58

They are all authentic official stats and it is an authentic anecdote. I can see you are frightened that you will lose money like people in London are losing money currently. I, too, would be frightened if I were you.

bastardkitty · 14/06/2018 18:05

I think it's lovely. The tiles in the kitchen and bathrooms and the muriel are a bit niche. Some rooms are a little old-fashioned and I wonder if it's worth storing the piano and giving the lounge a bit of a more modern feel. It's really lovely though.

catandpanda · 14/06/2018 18:13

We are just outside London and prices are still rising here. With Brexit and drops in London its very possible it will spread, last crash did but its by no means certain. We are still buying and paid full asking price but that is only as we've made a lot of money on property in the past (about the value of house we're buying) and due to kids ages need to do it now pre GCSEs. If I had more choice I would wait a couple of years and see if they drop and would imagine that's the lower transactions. The London is partly international money dropping out of the top end. But if you are going to buy again price of house you will buy in future will also drop. Overtime property has been an excellent long-term investment.

Bluntness100 · 14/06/2018 19:06

I'm not frightened Confused I'd like to stay in this house for the next ten to fifteen years. After that we will probably downsize as our garden is very large, but there will be no "we have to" about it.

In addition our mortgage is about 20 percent of the house value, and will be paid off by the time we retire.

I am simply quoting what I see. Value drops are very minimal. Volume drops lead to value increases because demand becomes unbalanced against supply. 🤷‍♀️

Emilie69 · 14/06/2018 19:36

Blunt, you seem to be following prices and statistics regarding house prices very closely, and in multiple regions, for someone who says they have no interest in moving house and is unconcerned about house prices. Are you sure you are not an estate agent? My interest is that I am potentially in the market to buy and waiting to time my purchase well. Why are you an avid expert on the housing market, if not an estate agent or in a job dependent on the housing market?

NapQueen · 14/06/2018 19:43

I have no idea on the price as am hundreds of miles away, however I have been to Wells and it is beautiful and you are in a lovely spot.

The kitchen and dining room look very dark and like there isnt the potential for light - so if there is get those pics redone. If there isnt then I think that could be a factor.

Grade 2 listing is a ballache. That will narrow down the potential offers. Even those that love it on first view will go away research Grade 2 rules and probably be put off.

If you drop to under the 750k bracket and put O.I.E.O then it will appear on more peoples searches.

pyramidbutterflyfish · 14/06/2018 20:28

Photos are too dark: retake them on a sunny day.
Include a plan of the outside space.
Improve the write up - make it clear the courtyard is a private one, as that’s only mentioned towards the end.

Having said that, it’s such a nice house I’d expect buyers to see through that, so it may just be overpriced.

bridgetosomewhere · 14/06/2018 20:54

Well the photos make it look really dark inside.
If it isn’t, get them redone.

If you can, tone down the tiles in the kitchen and bathroom by painting them a neutral colour.

I would also (if you can) paint the beams downstairs as they appear to make the house look dark. Upstairs is lovely and looks much lighter.

The lack of garden would put me off as it’s a lot of house and not much garden - especially for kids. So it might just be that?
I really like your house (just my kind of property) but I wouldn’t buy it without an acre or two of land.

Good luck selling!

Bluntness100 · 14/06/2018 20:57

No I'm not an estate agent either, and I only look when somone comes into a thread and says something I'm not sure is accurate. So I check and revert. There was also a huge thread on here recently from a lady who seemed a little, shall we say obsessed, with prices dropping, it was very odd.

I do though look at rhe value Of my home on Zoopla every now and again, I've only lived here four years, it's risen a lot in that time, and also as I've two close friends who have just sold.

Emilie69 · 14/06/2018 21:05

Then, with all due respect, as someone who is looking to spend hundreds of thousands in cash on a house, and who lives in London, I can confidently say that I know far more about the housing market in London than you, since you neither live in London nor pay much attention to the housing market stats apart from a quick 30 second google search when someone says something negative about it. You must be rather more concerned about house prices than you let on.

Emilie69 · 14/06/2018 21:21

There are other Mumsnet threads, where Londoners are recounting just how dire the housing market is in many places here. I think you are being insulting to Londoners by telling them they are just imagining the poor state of the market, or are not telling the truth. You do not live here and you have no idea what it is like on the ground. Please stop being a know-it-all.
eg
www.mumsnet.com/Talk/property/3277751-Anyone-else-in-London-finding-it-impossible-to-sell-their-flat

Fluffypinkpyjamas · 14/06/2018 21:33

It’s really lovely but the lack of land is a big issue. Also the road. I am alone in that I do love the mural though!

It’s as always, down to price and sadly you’re asking too much. It’s a beautiful house and the right price will see it sold.

cherrytrees123 · 14/06/2018 21:38

I think it's lovely but agree with others that it looks a bit dark inside. Better photos and perhaps some flowers, something to lift the living room which looks a little heavy and dark?

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