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Original poster

Three other houses for sale on my street! Should I hold off listing mine?

54 replies

almostautumn · 01/12/2020 20:12

I live on a street with around 100 houses. I’m considering listing mine very soon but noticed that a couple of “for sale” boards have sprung up in the last week. I’ve just done a search online and it turns out there are three other houses up for sale on my road, all extremely similar (and one probably a bit smarter!) to mine! Would you list your house in this situation or wait until the current ones that are on the market have sold? Confused

OP posts:
TheFlis12345 · 01/12/2020 20:14

I would list it now, only one person can buy the best of the lot so if the market is buoyant enough people will be looking for the next closest thing.

Original poster
almostautumn · 01/12/2020 20:15

Thanks! So you wouldn’t see it as a disadvantage? I’m just curious as to what the pros and cons are really!

At least I now know what my house is worth.

OP posts:
1starwars2 · 01/12/2020 20:15

List now, potential house buyers will be looking at your road now, so it's a good time.

Original poster
almostautumn · 01/12/2020 20:17

potential house buyers will be looking at your road now

Why though? I’m worried they might think there’s something wrong with the road because there are suddenly several houses for sale all at once (there genuinely isn’t anything wrong, it’s a really nice street!)

OP posts:
GuineaWig · 01/12/2020 20:21

Several on our road went up soon after stamp duty freeze was announced (including ours) and all sold pretty quickly and near to asking price (as far as I am aware). Three or four of us went with same estate agent as they had a group of potential buyers interested after the first house went on the market - worked out quite well.

MustDust · 01/12/2020 20:21

There have been a few at once on my small avenue and I've never considered that there's something wrong. Take it as an opportunity to smarten yours up or list slightly lower than the smarter one and go for it, if it doesn't sell then you've not lost anything.

GrumpyHoonMain · 01/12/2020 20:23

If your house is smaller then definitely list because you may get people who want to move but can’t afford the other two. That’s what happened to me at my old house - really tiny 3 bed but walking distance to 3 excellent schools. I listed mine for approx 15-20k less than the other two. Mine is the only one that sold so far!

silkiecat · 01/12/2020 20:30

When we went on there were several in our street up, all different and different prices but don't think it adversely affected things. I think sometimes EA add viewers on who are more interested in another one than yours but still gets them round.

If the others look better you'll need to underprice them but as long as correctly priced shouldn't be an issue.

Anxioustoddler · 01/12/2020 20:37

List now!! Stamp duty holiday ends in March, people will want to buy by then so need to be in the process by January. It’ll become near impossible to sell a house come feb.

Smallgoon · 01/12/2020 20:45

Can't see why you wouldn't want to list it unless you're worried that their properties are cheaper than yours despite being similar...

optimisticpessimist01 · 01/12/2020 20:51

We're looking to buy and have avoided looking at a couple of houses that have all cropped up on the same road because we think there's a reason everyone is suddenly flocking to move after lockdown (noisy neighbours), but that's just my personal opinion I don't represent the entire market!

Original poster
almostautumn · 01/12/2020 21:12

Can't see why you wouldn't want to list it unless you're worried that their properties are cheaper than yours despite being similar...

Actually I’m pleasantly surprised by how much (estate agents think) my property is worth - the other properties that are listed are almost identical to mine and are on at £25k more than I’d have expected to list mine at.

It’ll become near impossible to sell a house come feb.

Personally I don’t agree with this - there are clearly people out there who are keen to move now, when you look at how quickly properties are shifting at the moment. That demand isn’t suddenly going to disappear in a few months time! I do think though that sellers will need to price their properties a bit lower by then to account for the fact that the stamp duty holiday has ended.

We're looking to buy and have avoided looking at a couple of houses that have all cropped up on the same road because we think there's a reason everyone is suddenly flocking to move after lockdown (noisy neighbours), but that's just my personal opinion I don't represent the entire market!

My street is really quiet and I have lovely neighbours. So whilst I can see why you would think that, it’s not always the case! Smile

OP posts:
PatsyJStone · 01/12/2020 21:28

There’s always houses for sale on our estate and there is no untoward reason behind this. Take other people’s advise and get it up for sale!

FlumpetCrumpet · 01/12/2020 21:42

I live in a house converted into 5 flats, at one point 4 of them were for sale at the same time, everyone was selling for different reason and it was a complete coincidence. It didn't seem to make a difference, the 3 nice ones sold and the awful overpriced one hasn't

SushiGo · 01/12/2020 22:06

I don't think this is unusual, particularly on streets which have a high turn over, eg lots of small properties that couples move on from around the time they have children.

It wouldn't bother me, especially if they are all in reasonable clean and tidy condition (ie, don't have to be perfect, but cared about their homes)

Original poster
almostautumn · 01/12/2020 22:17

I don't think this is unusual, particularly on streets which have a high turn over

The funny thing is, we’ve not had any properties come up for sale for at least two years. Then suddenly... boom!

OP posts:
TattiePants · 01/12/2020 22:28

List now. There are 24 houses in my road and houses don't come up for sale very often (several of my neighbours have been here since the early 70s). When we were house hunting there were 3 for sale, it didn't make us suspicious as they all had very different reasons for selling. We viewed them all and chose the one we liked the best.

Smallgoon · 01/12/2020 22:46

Actually I’m pleasantly surprised by how much (estate agents think) my property is worth - the other properties that are listed are almost identical to mine and are on at £25k more than I’d have expected to list mine at.

So surely this would be a big incentive for you to list now, I don't understand the hesitation?

Original poster
almostautumn · 01/12/2020 22:54

So surely this would be a big incentive for you to list now, I don't understand the hesitation?

My hesitation is because I feel I’m less likely to sell for a good price when buyers are spoilt for choice!

OP posts:
TommyKnocker · 01/12/2020 22:55

I sometimes notice this and generally think someone has put their house up, neighbours realise their house is worth more than they thought and follow suit. It wouldn't put me off although I would question the EA, do some extra research.

Sadhoot · 01/12/2020 23:06

7 houses sold on my street this year. One neighbour is talking about selling but I don't think he will until next year. Just last year we were the only new people on the street for 15 years, according to my NDN.

When we were viewing houses to buy in the same area we didn't think "oooh 15 houses to choose from on this estate! Let's make cheeky offers to them all." We thought "this house is too small, this one has been decorated recently, this one is over priced, this one stinks of cigarettes... And this house is perfect!"

I think you're overthinking this. If you want to sell or need to move, just bloody list it!

Smallgoon · 02/12/2020 00:24

@almostautumn

So surely this would be a big incentive for you to list now, I don't understand the hesitation?

My hesitation is because I feel I’m less likely to sell for a good price when buyers are spoilt for choice!

How does this even make sense is your property is listed at 25k below the others? Surely anyone keen to buy on your street will want your home
Original poster
almostautumn · 02/12/2020 06:39

How does this even make sense is your property is listed at 25k below the others?

Why would I list it at 25k below the others? That would be madness! Confused

OP posts:
BiBabbles · 02/12/2020 12:08

Unless the other properties are really close to each other within those 100 houses or you all put it up within a week or so of each other, I probably wouldn't notice and would consider each on their own merits.

That did happen at one viewing with 5 or so houses close together with signs up. I did wonder for a moment if there was an issue or something, but right now the market is weird in many places. I'd do it now if you want to.

Smallgoon · 02/12/2020 12:32

@almostautumn

How does this even make sense is your property is listed at 25k below the others?

Why would I list it at 25k below the others? That would be madness! Confused

Because you yourself said you were happy with the valuation of your property despite it being 25k less than those on the market... so which is it? You're either happy with the valuation or not.