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Original poster

How long before a viewing?

91 replies

wereonthemarket · 11/09/2023 18:47

We went to market on Thursday!

Not sure what to expect now - I guess I expected a viewing booked very quickly?! It feels strange being in a sort of limbo waiting to see if anyone wants to view.

We agreed a price with the estate agent close to the top of their valuation and said we'd keep it there til mid January before reevaluating the price.

In no hurry to move but obviously now we've started the process I think I want something to happen 😂

OP posts:
Hangingoctopus · 11/09/2023 19:42

We went on and had viewings within a few days. None of those people offered though. We reduced two weeks ago and now have an offer.

DrySherry · 11/09/2023 19:51

If your agent has advised you correctly on the price required to sell you will get viewings very quickly.

Original poster
wereonthemarket · 11/09/2023 20:20

DrySherry · 11/09/2023 19:51

If your agent has advised you correctly on the price required to sell you will get viewings very quickly.

Ok thanks. I guess we'll find out soon whether they have then!

OP posts:
TarantinoIsAMisogynist · 11/09/2023 20:24

In my experience, you normally get the biggest flurry of viewings in the first few days (the first weekend). Anyone who is seriously looking to buy in your area will get an alert (either though an EA or from Rightmove) instantly, and people interested will book viewings straight away.

RoxieLoxy · 11/09/2023 20:34

We've had 1 viewing in two weeks and the EA says it's the market and not the price. Not sure I agree. We expected lots of interest but nope, hardly any.

Roselilly36 · 12/09/2023 04:12

Very difficult market now, I was speaking to EA last week, he said the lower end of the market and higher end are still selling but the middle of the market is struggling. Someone I know is trying to sell at the moment, she has a lovely family home, no luck whatsoever and very few viewings. Good luck OP.

Original poster
wereonthemarket · 12/09/2023 07:08

Roselilly36 · 12/09/2023 04:12

Very difficult market now, I was speaking to EA last week, he said the lower end of the market and higher end are still selling but the middle of the market is struggling. Someone I know is trying to sell at the moment, she has a lovely family home, no luck whatsoever and very few viewings. Good luck OP.

I think we are probably top end for the area but the estate agent did say houses priced over £500k in this area (north east) take longer to sell as less buyers in that price range.

So far we have had no viewings so maybe it's the market, maybe it's the price, maybe it's just early days?

I also guess it'll slow completely from November - January.

OP posts:
Nextbigthing · 12/09/2023 08:26

wereonthemarket · 12/09/2023 07:08

I think we are probably top end for the area but the estate agent did say houses priced over £500k in this area (north east) take longer to sell as less buyers in that price range.

So far we have had no viewings so maybe it's the market, maybe it's the price, maybe it's just early days?

I also guess it'll slow completely from November - January.

Show quote history

As someone else said, all buyers have alerts or are on agency short list so if you haven’t got any viewing the first week, it is probably priced too high. You will have to rely on new buyers entering the market and reviewing available stocks to secure viewing.

Now, even if some months are slower than other, transactions and viewing still occurs all year long as per official BoE stats, so it is misleading to think a lack of interest is due to time of the year (August being the exception since many people are physically away).

PetiteNasturtium · 12/09/2023 08:41

This is the price range we will be looking at in the future for that price in the area we want you can get something really decent even a little land on occasion. Plus what’s the competition like in that price range?

Obviously putting a link is helpful if you feel confident enough op.

A row of new built houses on with two agents are just back in the market in my town, it’s a nervous market.

erikbloodaxe · 12/09/2023 09:17

Houses are still selling regardless of the time of year. I viewed a house on Saturday and had an offer accepted yesterday. I put my house on the market on a Friday, had a viewer on the Monday and accepted their offer (after some negotiation) on the Tuesday.

Many houses I'd tried to view had just accepted offers on them.

RoxieLoxy · 12/09/2023 09:43

Hardly any have sold in our area around a similar price to ours. I guess they could all be overpriced though. Ours is on for £700k. DH thinks that people with a budget of say £625k wouldn't rule ours out. I.e. we'd get viewings even from people with a budget less than £700k. We are just not getting any. It's the first house in our street to go up for sale in years and we've also done a lot to it (extension etc). It's just really disappointing to get no interest at all.

Give0fecks · 12/09/2023 09:56

@RoxieLoxy sorry but the price will have something to do with it. Remember that what you spent won’t necessarily be added back exactly onto the value of your house.

if you’ve had literally zero viewings it is overpriced. There are some houses I haven’t even bothered enquiring about because I know the vendors are unlikely to be realistic.

RoxieLoxy · 12/09/2023 10:21

Thanks @Give0fecks. I agree with you but DH thinks it's the market. If no one is viewing at all does that mean it's even more overpriced than say £75k? Because we are not even getting people viewing who might offer £625k. It's a bit worrying if that's the case 😬

TarantinoIsAMisogynist · 12/09/2023 10:39

People looking to buy at the moment are doing so in the knowledge that house prices are currently falling, and predicted to fall further, plus borrowing is a lot more expensive than it was previously, so they will be very keen not to overpay. With that in mind, a high asking price will put off a lot of buyers because they will assume the sellers are unrealistic.

For example - the OP says their asking price is at the top end of the valuations they were given. When you factor in that EA valuations can often be optimistic (because they want your business), that is a clear sign that the asking price is likely to be unrealistic, and buyers will spot that.

Any serious buyer will likely have put a lot of effort into tracking and understanding the local market for that precise type of house, and will have a good idea of how it stacks up against other properties they are considering in that price bracket.

TarantinoIsAMisogynist · 12/09/2023 10:42

RoxieLoxy · 12/09/2023 09:43

Hardly any have sold in our area around a similar price to ours. I guess they could all be overpriced though. Ours is on for £700k. DH thinks that people with a budget of say £625k wouldn't rule ours out. I.e. we'd get viewings even from people with a budget less than £700k. We are just not getting any. It's the first house in our street to go up for sale in years and we've also done a lot to it (extension etc). It's just really disappointing to get no interest at all.

When you say that hardly any have sold in your area for that price - are they going for more? Less?

And are you looking at sold prices, not just asking prices?

People often make the mistake of seeing their neighbour's house go on sale for silly money, and assuming that this means that their house is also worth that amount. When in reality, the neighbour accepted an offer 10% under asking, and their house is in less good conditon/has a smaller garden etc. than the neighbours.

TarantinoIsAMisogynist · 12/09/2023 10:45

There are also still a lot of sellers clinging on to 2022 sold prices as evidence of what their house is worth, which is simply delusional in the current climate.

RoxieLoxy · 12/09/2023 10:46

Thanks @TarantinoIsAMisogynist that's a good point. I'll have a look at sold prices instead. Ours is a bit unique so tricky to compare but I'm sure there must be something nearby of a similar size to just get an idea of possible value.

TarantinoIsAMisogynist · 12/09/2023 10:50

Actual sold prices should always be your first point of call. Bear in mind that there is a delay in sold prices getting reported by the land registry, so what you're looking at is usually sold prices from 6 months ago or more.

PurpleBananaSmoothie · 12/09/2023 11:03

I wouldn’t go with the top end of a valuation at the minute. We sold stc earlier in the year. We went on the makeover at the bottom end of the valuation. We went on the market on a Tuesday and 6 viewings booked before Friday. Once of the 6 viewings didn’t show and then on the weekend we had 4 viewings which resulted in 3 offers above asking. We got to the top end of our valuation. Earlier in the year our area things were still moving quickly but they’ve slowed up a lot now. A lot of properties are taking a couple of months to sell and require a price
drop of about 5%.

TarantinoIsAMisogynist · 12/09/2023 11:11

My village is considered to be desirable, and properties here usually sell well. We get a fair few holiday let and second home owners buying here as well as people buying homes to live in, as it's in a national park.

What's noticeable here is that those that aren't priced keenly to start with seem to be sitting around for weeks/months without selling, and then making reductions in small increments. There are several properties in this village alone that have been on the market since early summer.

Original poster
wereonthemarket · 12/09/2023 11:14

Thanks. It's annoying because my gut was to go offers over £675 but we when in the region of £695.

We are only 5 days on the market so hoping maybe to get a booking or two for the weekend.

OP posts:
TarantinoIsAMisogynist · 12/09/2023 11:14

And Zoopla estimates seem to be too high round here - possibly because recent sold prices aren't filtering through quickly enough.

RoxieLoxy · 12/09/2023 11:23

Good luck @wereonthemarket. Shall we update with any progress on here seeing as we're in a similar boat?

TarantinoIsAMisogynist · 12/09/2023 11:26

Yes, good luck to both of you! It's not an easy time to be trying to sell.

I found myself trying to sell in the aftermath of the 2008 crash so have been there in similar conditions. Not fun.

Original poster
wereonthemarket · 12/09/2023 11:27

PetiteNasturtium · 12/09/2023 08:41

This is the price range we will be looking at in the future for that price in the area we want you can get something really decent even a little land on occasion. Plus what’s the competition like in that price range?

Obviously putting a link is helpful if you feel confident enough op.

A row of new built houses on with two agents are just back in the market in my town, it’s a nervous market.

I am a little worried about sharing a link - hate the idea of people saying 'this bit is awful' and 'why do you have that door/bedspread/kitchen table' so on - I've read some pretty scathing posts on here!

It's hard to liken it to anything else in the area in terms of comparison because the village (hamlet really - only a few houses) last sales were of very run down house with an awful lot of work to do.

I know it's a fairly unique property so it may take longer. And we really aren't in any rush at all so can just wait for the buyer to enter the market. We can happily wait - I guess I just expected the viewings to start quite quickly.

OP posts: