Who is trying to sell their home now?
Discussion
So i have just listed my home two weeks now and things seem quiet whats others opinion of things out there. I cant say i,m surprised with all the caos we have in the UK now.
Just an edit to show location as this does make a difference as most looking down here are from out of the area very few actually in Devon.....Devon.,Bideford area.
Just an edit to show location as this does make a difference as most looking down here are from out of the area very few actually in Devon.....Devon.,Bideford area.
Edited by cayman-black on Tuesday 8th April 14:25
cayman-black said:
So i have just listed my home two weeks now and things seem quiet whats others opinion of things out there. I cant say i,m surprised with all the caos we have in the UK now.
We put my late FiL's bungalow on the market 3 weeks ago. We spent some time and money replacing the kitchen, carpets and bathroom suite. It was painted through and I also replaced all the tired door furniture, painted the fencing, power washed the block paving etc. Basically made it look new.
It sold in 3 weeks. We might have been lucky as the buyer was desperately looking for something to keep their buyer, after having lost the place he was originally buying.
Fingers crossed it goes through fine, however this is a downsizer so probably atypical to the general market.
Yes, I’ve been trying to sell my 3 year old “new build” for 2 years on and off
First time we had a buyer within a week, they pulled out just before exchange in the summer holidays of 2023, since then been on and off the market
Put it on last December and not a single viewing to date, it’s not overpriced, 4 estate agents all said it’s worth the same as what it’s on the market for, just changed agent
It’s the perfect first time buyer house in a great location with good commuter links etc
Just changed agent to one with much better marketing.
If it’s not sold by about June I’m giving up and staying put long term.
First time we had a buyer within a week, they pulled out just before exchange in the summer holidays of 2023, since then been on and off the market
Put it on last December and not a single viewing to date, it’s not overpriced, 4 estate agents all said it’s worth the same as what it’s on the market for, just changed agent
It’s the perfect first time buyer house in a great location with good commuter links etc
Just changed agent to one with much better marketing.
If it’s not sold by about June I’m giving up and staying put long term.
Our went on the market Friday night, we're hoping to move a little closer to the kids as the current round trip isn't workable for a weekend with them. We have 2 viewers tomorrow and so we'll see what happens. It's a niche property as a smallholding so it's going to be someone looking for something specific. We put it on expecting it to take 12 months to sell, so we'll see what happens. Taking a relaxed approach to the whole thing.
Quattr04. said:
Yes, I’ve been trying to sell my 3 year old “new build” for 2 years on and off
First time we had a buyer within a week, they pulled out just before exchange in the summer holidays of 2023, since then been on and off the market
Put it on last December and not a single viewing to date, it’s not overpriced, 4 estate agents all said it’s worth the same as what it’s on the market for, just changed agent
It’s the perfect first time buyer house in a great location with good commuter links etc
Just changed agent to one with much better marketing.
If it’s not sold by about June I’m giving up and staying put long term.
Surely if it isn't selling then it is overpriced (as in, buyers don't think it is worth buying at the current asking price)? If it really is perfect for first time buyers in term of location and everything, you should be getting plenty of viewings if it was priced to sell.First time we had a buyer within a week, they pulled out just before exchange in the summer holidays of 2023, since then been on and off the market
Put it on last December and not a single viewing to date, it’s not overpriced, 4 estate agents all said it’s worth the same as what it’s on the market for, just changed agent
It’s the perfect first time buyer house in a great location with good commuter links etc
Just changed agent to one with much better marketing.
If it’s not sold by about June I’m giving up and staying put long term.
In Devon, we've been on the market a year.
One 'buyer' who was keen but his sale went pear-shaped.
Market is flooded with new builds, people getting rid of holiday homes due to double council tax, and I think general loss of enthusiasm for 'the West Country'.
Smaller cheaper places are selling a bit better, but I'm told many buyers are finding money tight or not wanting to get the biggest mortgage they can, attitudes have changed.
A lot of prices have been reduced, but it's very hard to understand the way some houses are valued higher/lower than some others.
Been very quiet, but now we've got a couple of viewings booked this week and I've got to tidy up.
One 'buyer' who was keen but his sale went pear-shaped.
Market is flooded with new builds, people getting rid of holiday homes due to double council tax, and I think general loss of enthusiasm for 'the West Country'.
Smaller cheaper places are selling a bit better, but I'm told many buyers are finding money tight or not wanting to get the biggest mortgage they can, attitudes have changed.
A lot of prices have been reduced, but it's very hard to understand the way some houses are valued higher/lower than some others.
Been very quiet, but now we've got a couple of viewings booked this week and I've got to tidy up.
A friend of mine has been trying to sell his immaculately presented and nicely modernised bungalow, in a desirable village, for about 7 months now, and I really feel for him as it has so far sold 3 times, all surveys done with zero issues, and every time the buyers have pulled out literally a week or two before completion (5 days in one case) giving total bulls
t reasons such as "We just aren't sure if we really want to move" and other such nonsense.
Another friend is having a similar experience, although it has only fallen through once so far.
We should absolutely be adopting the Scottish system of 'Missives' where you can't pull out of buying a house once it is sale agreed and the buyer and seller have exchanged letters (via solicitors) to say they agree to the sale/purchase.
It's a joke. It feels like the country has too many timewasters who go round viewing loads of houses and making offers with only a partial intention to actually buy it.
t reasons such as "We just aren't sure if we really want to move" and other such nonsense. Another friend is having a similar experience, although it has only fallen through once so far.
We should absolutely be adopting the Scottish system of 'Missives' where you can't pull out of buying a house once it is sale agreed and the buyer and seller have exchanged letters (via solicitors) to say they agree to the sale/purchase.
It's a joke. It feels like the country has too many timewasters who go round viewing loads of houses and making offers with only a partial intention to actually buy it.
We are slowly getting our house ready for sale and at the moment, houses similar to ours are being sold within a matter of weeks, sometimes days. Hopefully that doesn't change before we get ours on the market, but there is still a shortage of houses for sale in our village, as there was 12 years ago when we bought this one.
On a side note, a house on my Mother's road in a small village on Exmoor had been up for sale for over 12 months with no proper interest. The seller dropped the price £10k (to £260k) and it sold within days. Almost certainly it will be a second home, as every other house there seems to be now. Hardly surprising really, as they are still very cheap for what they are, especially as you wouldn't get a 2 bed flat near us (Bristol-ish) and the £260k buys you a nice 3 bed terraced house in Exmoor.
On a side note, a house on my Mother's road in a small village on Exmoor had been up for sale for over 12 months with no proper interest. The seller dropped the price £10k (to £260k) and it sold within days. Almost certainly it will be a second home, as every other house there seems to be now. Hardly surprising really, as they are still very cheap for what they are, especially as you wouldn't get a 2 bed flat near us (Bristol-ish) and the £260k buys you a nice 3 bed terraced house in Exmoor.
boyse7en said:
Surely if it isn't selling then it is overpriced (as in, buyers don't think it is worth buying at the current asking price)? If it really is perfect for first time buyers in term of location and everything, you should be getting plenty of viewings if it was priced to sell.
This...unless you have the worst marketers in the world, over 2 years virtually everyone looking for that type of house would have seen yours and if you aren't sitting on some major issue it is 100% the price.Ours has been on the market since November, dead quiet over the Winter, viewings have picked up now but no offers.
Speaking to other people the market is just all over the place - some houses sell really quickly and some just sit there for months and months even if they're about the same price as similar properties nearby. Ours is the cheapest 4 bed detached in the village but no-one seems to want it.
Speaking to other people the market is just all over the place - some houses sell really quickly and some just sit there for months and months even if they're about the same price as similar properties nearby. Ours is the cheapest 4 bed detached in the village but no-one seems to want it.
boyse7en said:
Surely if it isn't selling then it is overpriced (as in, buyers don't think it is worth buying at the current asking price)? If it really is perfect for first time buyers in term of location and everything, you should be getting plenty of viewings if it was priced to sell.
it may not seem overpriced to the vendor, after all they've paid new build premium and expect house prices to rise.In reality many buyers are looking at an area and seeing a new build with a postage stamp garden, overlooked by all and sundry with a single car drive or tandem drive and possibly one or two rooms downstairs when they can get something with a drive, dining room, living room and ample parking for about 20% less.
okgo said:
How people cannot see this I have no idea.
Stuff priced well that’s desireable to some group of people will sell. It’s as simple as that. My brother just sold his house in a week for asking price.
Yes you can always sell at a no-reserve auction.Stuff priced well that’s desireable to some group of people will sell. It’s as simple as that. My brother just sold his house in a week for asking price.
But in a real world market people want to get a 'fair' price.
I don't care what my house is worth, but I want to buy something a bit different for up to £200k more.
I think prices may be falling, but not equally across the board and it takes time for things to find a new level.
A lot of people have a 'floor price' below which they won't move. If they've lost £300k on their Devon house they can't afford to move back to Londonshire or there's no point in downsizing.
Even a lot of second homes have mortgages on them apparently.
The housing market really isn't 'as simple as that'.
Sheets Tabuer said:
it may not seem overpriced to the vendor, after all they've paid new build premium and expect house prices to rise.
In reality many buyers are looking at an area and seeing a new build with a postage stamp garden, overlooked by all and sundry with a single car drive or tandem drive and possibly one or two rooms downstairs when they can get something with a drive, dining room, living room and ample parking for about 20% less.
We bought our house, a "new" build, when it was 4 years old. It had been a show home and the previous owners bought it as it was shown, ie. fully furnished, with a childs bedroom set up, as well as a nursery, even though they didn't have any kids. Bit odd, imho, especially as they took a lot of the fitted blinds etc with them, Anyhow, we paid exactly the same as they paid for it new and even got a contribution towards the stamp duty off them. They weren't impressed, but such are the joys of buying a new build when it is actually new.In reality many buyers are looking at an area and seeing a new build with a postage stamp garden, overlooked by all and sundry with a single car drive or tandem drive and possibly one or two rooms downstairs when they can get something with a drive, dining room, living room and ample parking for about 20% less.
On the other hand, my nephew and his girlfriend have recently split up, so are selling their new build flat that they bought a couple of years ago. They are actually having to take a loss of £15k as there are so many new flats and houses being built near them now.
Mont Blanc said:
We should absolutely be adopting the Scottish system of 'Missives' where you can't pull out of buying a house once it is sale agreed and the buyer and seller have exchanged letters (via solicitors) to say they agree to the sale/purchase.
Unfortunately the Scottish system isn’t much better at the moment; during covid (and now beyond), buyers have been inserting a “subject to sale” clause in their missives when they have their own house to sell, which means you end up with a chain not unlike the English system. It used to work really well; you made an offer, concluded missives and both parties were bound at an early stage and you took the risk that your property would sell (if you had one).We recently sold our two year old new build; we had three offers within 10 days (end of October), all were subject to sale. The highest offer was £30k over the next best offer, so we were prepared to wait as we decided to move into temporary accommodation until we found a self build plot. The buyers didn’t conclude missives until 4 days before the exchange date, which apparently isn’t unusual now. We were really lucky as the house went up by £130k in 2 years, but it was in a property “hot spot”. I feel really sorry for those on this thread struggling to sell; it’s such an alien concept to use as Edinburgh and surrounding areas normally sell really fast with offers over if it’s desirable.
boyse7en said:
Quattr04. said:
Yes, I’ve been trying to sell my 3 year old “new build” for 2 years on and off
First time we had a buyer within a week, they pulled out just before exchange in the summer holidays of 2023, since then been on and off the market
Put it on last December and not a single viewing to date, it’s not overpriced, 4 estate agents all said it’s worth the same as what it’s on the market for, just changed agent
It’s the perfect first time buyer house in a great location with good commuter links etc
Just changed agent to one with much better marketing.
If it’s not sold by about June I’m giving up and staying put long term.
Surely if it isn't selling then it is overpriced (as in, buyers don't think it is worth buying at the current asking price)? If it really is perfect for first time buyers in term of location and everything, you should be getting plenty of viewings if it was priced to sell.First time we had a buyer within a week, they pulled out just before exchange in the summer holidays of 2023, since then been on and off the market
Put it on last December and not a single viewing to date, it’s not overpriced, 4 estate agents all said it’s worth the same as what it’s on the market for, just changed agent
It’s the perfect first time buyer house in a great location with good commuter links etc
Just changed agent to one with much better marketing.
If it’s not sold by about June I’m giving up and staying put long term.
With all due respect, you sound like a friend of ours. They have been dithering over selling their house. One minute it's on the market, the next, it's off. We have finally convinced them to just leave it on with the agent and also drop the price.
They have now had lots of viewings and we expect them to get an offer very soon.
Also, I don't understand why people change agents, or go with multiple agents? If it's listed on Rightmove, then potential buyers will see it.
Sheets Tabuer said:
boyse7en said:
Surely if it isn't selling then it is overpriced (as in, buyers don't think it is worth buying at the current asking price)? If it really is perfect for first time buyers in term of location and everything, you should be getting plenty of viewings if it was priced to sell.
it may not seem overpriced to the vendor, after all they've paid new build premium and expect house prices to rise.In reality many buyers are looking at an area and seeing a new build with a postage stamp garden, overlooked by all and sundry with a single car drive or tandem drive and possibly one or two rooms downstairs when they can get something with a drive, dining room, living room and ample parking for about 20% less.
I also have a 3 car driveway, and back and side into open fields
Grandad Gaz said:
Also, I don't understand why people change agents, or go with multiple agents? If it's listed on Rightmove, then potential buyers will see it.
We keep getting comments from people viewing that ours are really awkward to deal with, difficult to arrange viewings, send out the wrong times (we had a couple turn up last week an hour early), stuff like that. Then with us they put an identical house to ours up 200 yards away for £50k more, phone us to tell us we should drop our price and don't even know about the other house for sale so don't have an answer why the prices are so different.Just dread phone calls from them so are swapping.
Quattr04. said:
Well I’m relying on estate agents to value it and give me what it’s worth? It’s comparable price to other houses in the area which are mixed at selling
I also have a 3 car driveway, and back and side into open fields
Common ploy with Estate agents over quote so they get your business.I also have a 3 car driveway, and back and side into open fields
One girl in my development, her estate agent told her she would get 10% - 15% over what other similar properties in the development sold for. She got offended when I said she should look at sale prices NOT the advertised prices on estate agent listings and rebase her expectations. And no she couldn’t achieve those prices and ended up renting it out.
Really try and push your own emotions aside. Is the road a bit busy outside? Scummy looking house for a neighbour? Alleyway running down the side? Toilet odd decor? etc.
If you put you flat up for sale at half price, I bet people would bite your arm off. Anything, property included is only worth what someone else will pay. There isn’t an intrinsic financial value to anything.
At your sale price, people don’t think it’s worth it. Simple as.
Edited by wyson on Tuesday 8th April 12:44
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