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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:
Smallgoon · 02/12/2020 12:33

Also, you say it's madness, but surely it would be silly to list at the SAME price as all others. How are you making yours a more attractive prospect, when you've already said one or two already listed are 'smarter' than yours?

teateateateateamoretea · 02/12/2020 12:36

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

read it again, you've entirely misunderstood.

Smallgoon · 02/12/2020 12:52

@teateateateateamoretea Clearly I've misunderstood something but this is what OP wrote earlier

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.

teateateateateamoretea · 02/12/2020 12:56

Yes, it says she is pleasantly suprised that the houses that are the same as hers are worth more than she thought hers would be, ergo hers is also worth more.

Smallgoon · 02/12/2020 12:58

@teateateateateamoretea

Yes, it says she is pleasantly suprised that the houses that are the same as hers are worth more than she thought hers would be, ergo hers is also worth more.
But if she lists them at the same price there is no USP so why do that? Surely the smart thing to do is to list lower, and drum up interest which could likely turn into a bidding war, and thus sell at slightly less than the others, but higher than she was expecting.

Just because a property is listed at 25k above what it should be doesn't mean it will sell for that.

teateateateateamoretea · 02/12/2020 13:50

thats a seperate point

Smallgoon · 02/12/2020 14:30

@teateateateateamoretea

thats a seperate point
No it's not actually since it relates to the title question.
Myshinynewname · 07/12/2020 14:04

A friend of mine found her home when she went to view the one across the street. That one wasn't quite right but she noticed the board and phoned the agent on the way home to arrange a viewing.

Original poster
almostautumn · 07/12/2020 17:05

But if she lists them at the same price there is no USP so why do that? Surely the smart thing to do is to list lower, and drum up interest which could likely turn into a bidding war, and thus sell at slightly less than the others, but higher than she was expecting.

Bit of a risky strategy! If the estate agent says mine is worth 600k and thinks I can achieve that price, I'm not going to put it on the market for 575k.

OP posts:
Weblefleb · 07/12/2020 17:12

If your house is similar size it might increase your viewings? If I was already going to see a house on a street and the one 3 doors down was also up I’d see both even if one looked more suitable.

Smallgoon · 07/12/2020 19:48

@almostautumn

But if she lists them at the same price there is no USP so why do that? Surely the smart thing to do is to list lower, and drum up interest which could likely turn into a bidding war, and thus sell at slightly less than the others, but higher than she was expecting.

Bit of a risky strategy! If the estate agent says mine is worth 600k and thinks I can achieve that price, I'm not going to put it on the market for 575k.

Who told you to list at £575k? You yourself said other properties were being listed at 25k more than your one was valued, so presumably theirs are listed at £625k (hence the reference to you listing yours at 25k below, related to the homes currently on sale, not 25k below what yours has been valued at, duh)?

Why don't you go ahead and list at the valued price?

Smallgoon · 07/12/2020 19:50

@Weblefleb

If your house is similar size it might increase your viewings? If I was already going to see a house on a street and the one 3 doors down was also up I’d see both even if one looked more suitable.
My point exactly. Seems a no brainer when there is already traffic being directed to other properties for sale.
Original poster
almostautumn · 07/12/2020 21:03

You yourself said other properties were being listed at 25k more than your one was valued

@Smallgoon no I didn’t Confused

OP posts:
Hmmph · 07/12/2020 21:04

Regarding the end of stamp duty causing a problem:

People looking to buy or move in the next few years have been bounced into selling and buying NOW because of the incentive. This is coming to an end already because houses being bought now might not complete in time. It will definitely be over within the next month.

And then the market will get very quiet as very few people will be actually wanting to move then.

However, if you list it now, you might well pick up the desperate to meet the deadline but have left it a bit late crowd.

(Please not, I am not an estate agent, but this seems logical to me from what I have seen/ can see around me and for those I know)

Smallgoon · 07/12/2020 21:16

@almostautumn

You yourself said other properties were being listed at 25k more than your one was valued

@Smallgoon no I didn’t Confused

Well you certainly inferred it here:

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.

Confused
Original poster
almostautumn · 07/12/2020 21:32

@Smallgoon As I say, my property hasn’t even been valued yet so I’m not sure what you’re talking about. You’re putting words into my mouth that I never said Confused

OP posts:
Original poster
almostautumn · 07/12/2020 21:36

Anyway @Smallgoon, do let me know when you decide to put your house on the market. I assume you’ll be taking your own advice and listing it at a significantly lower price than what your agents value it at, so I will come round and grab a bargain!

OP posts:
Smallgoon · 07/12/2020 21:38

You realise I haven't invented the quote in my post, don't you? Maybe don't make inferences in posts if you're then going to accuse people of 'putting words into your mouth'. Anyway, list your house or don't list your house... wasn't that the post of this thread Confused

LolaSmiles · 07/12/2020 21:40

OP
If your property hasn't be valued yet then that does change the impression given here:

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.

I took that to be that the estate agents have valued your house and you're pleasantly surprised.

The second comment with reference to other properties is ambiguous given the first bit and could easily be that they're on 25k higher than what you'd expect to sell at (which would be the figure your estate agent has valued your house at) or that you'd previously had an idea in your head.

Really what it seems you're actually saying is that the estate agents have given you a figure without valuing it and combined with other property listings you think you'll be listing in line with other similar properties.

Original poster
almostautumn · 07/12/2020 21:40

Maybe don't make inferences in posts if you're then going to accuse people of 'putting words into your mouth'.

I made no such inference at all - you’re just entirely misunderstanding what I said. I’m not the only poster on the thread who thinks you’ve got completely the wrong end of the stick Confused

OP posts:
Original poster
almostautumn · 07/12/2020 21:46

Ah, I see what you mean @LolaSmiles. So to clarify: no estate agent has valued my property yet. But when other properties are listed that are almost identical to mine, it clearly gives me a very good idea of what I can expect to list mine at. And it’s more than I was expecting, which is good news!

OP posts:
Smallgoon · 07/12/2020 22:21

@LolaSmiles

OP If your property hasn't be valued yet then that does change the impression given here:

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.

I took that to be that the estate agents have valued your house and you're pleasantly surprised.

The second comment with reference to other properties is ambiguous given the first bit and could easily be that they're on 25k higher than what you'd expect to sell at (which would be the figure your estate agent has valued your house at) or that you'd previously had an idea in your head.

Really what it seems you're actually saying is that the estate agents have given you a figure without valuing it and combined with other property listings you think you'll be listing in line with other similar properties.

Seems I wasn't the only one who "misunderstood"... Hmm
Original poster
almostautumn · 07/12/2020 22:39

Seems I wasn't the only one who "misunderstood"...

Grin
OP posts:
Smallgoon · 08/12/2020 00:46

@almostautumn

Anyway *@Smallgoon*, do let me know when you decide to put your house on the market. I assume you’ll be taking your own advice and listing it at a significantly lower price than what your agents value it at, so I will come round and grab a bargain!
Urgh, NOBODY advised you to list your home at 25k below its value. YOU stated that the other properties on your street were listed at 25k above what you would expect to sell your home for. Your lack of coherency has confused even yourself. Maybe forums just aren't for you.
Loofah01 · 08/12/2020 09:25

FFS Just get the thing on the market and start playing the game. 3 houses, 4 houses, it won't make a jot of difference as buyers will make an offer as they see fit and you can't control that. They won't offer if they don't know it's for sale however...