We've reduced the price of our house, but

[SpongebobControlpants]

still not much joy. I'm the one without the central heating (downstairs warm air heating instead).

We had a few more viewings, all buy-to=let investors. We have now reduced by 6k and cannot go any lower, assuming, we will be offered slightly below our new price.

However, EA is now saying put it on at offers over 80k as that's more likely to get people through the door, and we can work with them to get offers up to about 83k, which is just about as low as we can take.

Surely if we do that we'll only get offers of 80k? Should we just change EA to someone with more investors on their books, as it seems they are most likely to be our buyer?

It's very hard to advise as I don't know how much other similar houses are going for in your area. I haven't read your other thread but have you done much research into local sold prices - that should give you an idea of whether the EA is being lazy or realistic.

At that price, it sounds quite a small house (I hope I haven't offended you) so fitting central heating would not be hugely expensive so I wouldn't expect it to make that much difference to an asking price.

Would it be financially possible to fit central heating? I think that could make all the difference, TBH.

Definitely agree- and if I recall the last thread was pretty unanimous in saying most peope wouldnt even consider a house without CH- especially if you are aiming at the FTB market who dont want the faff or have the expertise/spare cash to do it themselves.

lala - other houses round here (with CH) are on the market for 100k. Surely an investor buying to let (there seem to be lots round here who own a few properties apiece) will have the cash to fit CH, as we are selling ours for potentially 15k less?

We just don't have the cash to spend getting it fitted, slthough I agree it must be off-putting. We were just hoping to sell for quite a bit less than everyone else and be done with it. It's frustrating!

And I know FTB won't have the cash to do it, hence the hope that an investor will buy....
seems to be a no-win situation!

Have the details got "perfect investment propery" on the details?

I think most investors look around all the agents, so changing agents probably wont make much difference, but if your really can't afford CH, drop the price and when you do make sure the agent gives it a really strong "New Price" push.

Don't look at what they are on the market for, look at what similar houses have sold for. You can use websites such as www.nethouseprices.com which will tell you if the #100k asking prices are realistic.

I agree that putting in central heating shouldn't make that much difference - have you tried marketing it yourself on sites such as tepilo.co.uk which is free to use?

If it is for buy to let i 'm sure they would prefer to get it at good price and then fit the heating themselves.
Are you sure it ticks the boxes for buy to let? Locationn etc

We probably need to get EA to change details to stress the investment angle.

We're thinking it's less likely to sell to FTB because we have dodgy neighbours. Nettles growing in front and back gardens up to shoulder height, half a dozen or so rubbish sacks strewn about, other crap dumped in garden, shouty parents (the kids are called GetToFuckinBed, GetInTheFuckinHouse, YouLittleBastard and YouLittleC**t. Nice.....

We certainly wouldn't buy next to them and it's a major reason for our move, and our increasing desperation to sell!

Hopefully investors aren't particularly bothered about the neighbours?

Is it on a good location to attract investors?