I am so sick of hundreds of viewings and NOT ONE offer on our house!!

[allgonebellyup]

Everyone who comes round says it is gorgeous, great condition etc.
i tidy and clean it til its immaculate when people come round, and a few people have come back for 2nd viewings.
It is already around 15k under what i think the selling price should be....why hasnt it sold????????????????

I am so sick of time wasters whose houses are even on the market yet coming round, i have told the agents to only send serious buyers round. its been on market since Nov.

Hmmmph. I would buy our house, its lovely,victorian so huge rooms and new wooden floors.

There's a house just gone up for sale near me for £625k. It's on 1/3 of an acre apparently, 3/4 beds and has had a lot of improvements (new kitchen, downstairs extensions) since it was bought four years ago for £360k.

I think they are taking the proverbial.

A house on a plot twice as big - needed work doing admittedly but much more prestigious location/look - sold for £607k last September. That house was originally marketed at £695k, - so buyer negotiated a reduction of almost 13% on the original price. (Unsurprisingly the buyer is an estate agent!)

MissChief, you're right. You can't take it personally.

Also, I think people overestimate how much wooden floors and decluttering play a part. Houses "show" better if they're neutral but in the end many houses are much of a muchness and the difference is location, room size and price.

Don't take this the wrong way, but if your house is on the market, then why would it take you two hours to tidy up and clean. Surely it is always ready for viewings. I think if it takes that long, there may be some underlying problems that you don't see. I think that we lose the knack of seeing our homes as outsider see them. Can't you get someone to look at it who will be brutally honest?

When we sold our old house years ago the people who bought it had knocked on the door off spec the washing up was waiting to be done ds1 was in bed they had to creep in his room to look and no spceial efforts had been made at all,in the garden we had trays of bedding plants to put in at the weekend- they said it helped them see it as a family home seeing my ironing basket in the old larder and the way i used my small kitchen in real life,maybe its too perfect and they are looing for the inevitable 'fault'?

Bellyup, I think the issue you're facing is that the buyers who are ready and able to buy (chain free) are sitting on their hands waiting for the prices to drop.

We've moved into rented accommodation, are earning excellent interest on our equity, and are not shifting until we see good discounts. We won't take the risk buy buying at (what is likely to be) the top of the market.

You have to disregard all notions of 'what the selling price should be'. If you want to sell, reduce the price. If you don't want to sell at a lower price, honestly, just take it off the market and save yourself some hassle.

Brummie - did you move into rented deliberately in the hope of getting a bargain later. Or was that how it worked out?

It wasn't deliberate initially, but now we've called off our 6 month search for our own property and are waiting.

It's not just the search for a bargain, it's about being really uncomfortable having a significant mortgage in this market. I think there's a strong likelihood of job losses and business failures.

We are chain free buyers looking in Sussex but like Brummie we are waiting to see what is happening with prices. We would only buy at a bargain price at the moment.

I would buy at a significant discount but it's not happening here. Most houses are at least 10% overpriced due to London silly money (which has now stopped), but vendors are still refusing to reduce their prices. I've seen every house on the market that fits our criteria, and watch Rightmove like a hawk.

house doctoring can help your house outshine something similar in a buoyant markey but atm and for the foreseeable future sales will be determined by what someone is prepared to pay and what the banks say it is worth.It is obviously too expensive,maybe drop the price again and try and re negotiate your purchase

It just took 2 hours to tidy today as yesterday i decided to empty the loft (!) so it involved me going to the tip etc.
People always comment that my house is permanantly tidy etc!
So i know for sure that its definitely not any mess, even the agent comments on how perfect it always looks!

Price-wise, it has been attracting loads of interest because of the low price, thats why we get loads of viewings. Other identical houses in our road are selling for £280k and ours is on for 259k !! (priced to sell at 250k, below the stamp duty mark)

All i know is that the garden is small, and most of the viewings are from people not even in a postion to proceed!!

position

Lets have look then !
Can you post a link ?

Only read Op.

I want to move - where are you? Roughly.

Feel a bit funny about showiny my house on here - plus now i feel you are just dying to rip it to shreds!!!!

Notabanana, west sussex.

Oh god, I am so not.

I put my lounge on here a while ago and asked for help in using the space better.

Email me if you'd rather not show it here though hubby isn't over keen on the commute it would bring, but for the right house.....

mushy31894atfsmaildotnet

It's a falling market. IMF say prices are over valued by 30%. It's only worth what someone will pay for it, not what YOU think it's worth.

Allgone

I know how you feel. We were in the same position last year. The house was immaculate, viewers continually gave good feed-back. We had one offer from someone who couldn't get their own house sold. I was tearing my hair out in frustration. Especially with people who didn't even have their own house on the market yet.

We put ours on in February and finally received an offer from someone who could proceed in April and eventually moved out in June.

Good luck.

It is worth what someone will pay in the current market and no more.

Lots of people can't get mortgages anymore, things have really changed, so obviously there needs to be a price correction.

If you drop the price enough you will still find buyers. This shouldn't matter too much really because you will be able to negotiate a lower price on the house you are moving to. If you are trading up it should actually work in your favour. If you are trading down then it will work against you however.

Suggest you drop the price by £25k and have an open weekend. Then you should get 2 or more interested parties who can bid against each other.

Or, sit tight for a bit and see how things pan out. Remember, the houses priced at £280k probably aren't selling for that these days, just sat around with no interest.

are you sure the other houses have sold recently for 280?Or are they asking 280?Very different ime.If they are indeed all selling at 280 and yours isn't at 250 then its the house.If they were selling at 280 last summer/autumn then they are worth about 240 now and will be 225 and thn 200 before long.Not my calcualtions but the council of mortgage lenders.

My mother has had her house on the market for ages, and I keep telling her that it only worth what someone is prepared to pay. She has only had 3 viewings, so that tells me it is vastly overpriced. However she refuses to listen to me because she says that 20 years ago when my parents bought the place it was in a very sought after position. She is looking back at what the market used to be rather than what the reality is. She even thinks that she will get 5% under the asking price. She is seriously deluding herself, I think. I hope I am wrong, obviously.

Remember,although you will get less cash for your house, a falling market is exactly what you want if you are trading up - dropping your price is good - you just need to change mindset.

what is that website that shows when the asking price has been reduced?