Am I selling my house the best way? Any feedback appreciated

[gnvqsos]

At Blundelss auction a modernised house in this road fetched £55000,and by comparison your house seems expensive.People see the area as a negative but I know it is basically a sound area and not to be confused with some adjacent suburbs.That said you cannot alter the home and its location.The house looks great inside and out,and if you cannot sell atr this price you may need to reduce a little.

 

At £80,0000 a person will need to borrow £72000 and make £8000 deposit;a person will need to earn about £20,000 so it should appeal to teachers,nurses and similar workers.Why not rent it out at £450 pcm(£5,400 pa) which would cover the repayments and sell when market rises?Good luck

[1love]

Clearly it can't be as it would have sold by now.

 

If you want to sell, you need to price for the market in 2011, not 2007.

 

If you look at this history of sold prices for Everingham Road (link) you'll see that a similar house sold in 2004 for £35,000. And that was when credit was plentiful. It won't be like that for many years to come.

 

Second credit crunch looms

 

In 2002 one house sold for £14,750. Why do people find it quite unremarkable that prices can treble and quintuple within a few years yet simply cannot accept that they can also go the other way?

 

The pictures look fine, in fact they're very good. But you can't blame Rightmove or the estate agents. They had no trouble shifting stuff when the housing bubble was in full swing. Have they suddenly become apathetic or incompetent?

 

Remember, it's a housing market, no guarantees are offered. "Past performance isn’t necessarily a guide to the future and prices can fall as well as rise".

 

If you truly want to sell now, you need to keep lowering the price until you find a level that the market will sustain.

 

spot on..................................

[gnvqsos]

It looks like a bargain! The inside is really nice especially the bathroom and kitchen and people will see those and be well impressed.

 

A couple of things that you might think about (depending on how much time and energy you have)

 

1. If you have 5 minutes, people often just look at picture 1 on the slideshow on RightMove, and that first pic of the front of the house is probably the weakest in your set. Try putting the kitchen on instead?

 

2. If you have 15 minutes, speak to your estate agent and get them to rewrite the brochure, stressing the good points more strongly- the proximity of a safe park, strong community area, modern kitchen and bathroom, large garden. (It never fails to amaze me now incredibly bad estate agents are at marketing, almost across the board).

 

3. If you have a free day, try just tarting up the front of the house a bit more - maybe trim back the bushes, give the door a fresh lick of paint in a lighter colour (e.g. red), put up a hanging basket and some window boxes.

 

4. If you have a free weekend or two, beg, borrow, steal, or Freecycle a few bits of furniture, e.g. a bed, a table. Dress them up nicely with some cheap paper napkins, plates, wine glasses, and ikea candles. It's easier to sell a place furnished than not, even if you only put a couple of very basic items in there. I know it's a total pain (I just lived without my furniture for the best part of a year while selling a place) but it does make a difference. If you got new stuff, you could always recoup the cost by offering it with the house, since first time buyers are probably a pretty key market for you.

 

Hang in there. Times are tough at the moment, but it will sell eventually. Keeping my fingers crossed for you!

 

A similar house sold for £55,000 atauction today,modernised and in need of some tlc.Thatvgives a buget of £25,000 for improvements,when £5000 would do the trick.A saving of £20.000:hihi:

[ANGELFIRE1]

My house is on Rightmove and all the well known websites but I've hardly had any enquiry's. Do you think the ad is off putting in some way? Do the pictures look ok, Is the price to low? Ive put the price a lot lower than all the others in that category because I hoped it would sell quicker. But that could be that putting people off ? Maybe potential buyers think it must be rubbish because of the price? please have a look http://www.rightmove.co.uk/property-for-sale/property-19941357.html

 

All the best .. mark

 

 

 

Just sold mine, out in the sticks, and ended up £25,000 below market value to sell it. It's a painful job selling in to-days market, that's a fact.

 

Your property looks ok to me, well presented with good photos, it's just a crap time to sell.

 

Good luck.

 

Regards

 

Angel.

[Twiglet]

Threads merged. Please don't cross-post threads in different forum areas.

[Jeffrey Shaw]

My house is on Rightmove and all the well known websites, but I've hardly had any enquiry's. Do you think the ad is off putting in some way? Do the pictures look ok, Is the price to low? Ive put the price a lot lower than all the others in that category because I hoped it would sell quicker. But that could be that putting people off ?

Another thing: is the house freehold or leasehold? If leasehold, how long is unexpired on its lease?

[Jeffrey Shaw]

I didnt know you paid up front for selling a property

You don't, at least with reputable Estate Agents.

 

I thought the estate agent took their fee when the house was sold.

Yes, but know that 'sold' does not mean merely that a potential purchaser has been found.

 

EA fees are payable asap after you actually complete the sale and will be paid-out by your solicitor from the sale proceeds.

[dulcet69]

Hi James Thanks for the feedback

 

the house has been on the website for about 10 weeks, a long time!

 

I don't think emoooov make any effort after they recieve their money

 

Many thanks ... mark

 

 

As someone who used to work for an estate agents - believe me 10 weeks is no time at all - I personally thought your photographs were good. I agree with the other comments about tidying the front garden a little and trimming the growth around the front door. I would also try and beg/steal/borrow a few items of furniture as someone else said. I would also put the beginning of the postal code in - I am not sure where this road is and it is expected nowadays to have the start of the postcode be it S7, S8, S2 or whatever. Without the postcode being displayed I automatically assume (right or wrong that it may be a rough area and that is why you have not put the postcode in?) Hope that helps. Kind regards Sue

[Gordonb]

First I would say that it doesn't look like a terraced to me, more like a semi. Should not the ad say that.

Have a look at the following link, it is one I used to look at when moving a couple of years ago. It tells you how long the property has been on the market and it shows you the history of the prices that the property has been for sale at. That gave me some idea of properties that had been "Sticking" and also gave me an insight into how much the vendor may be prepared to negotiate. Look at some of the dates of the houses on the same page as yours. Some are back to late 2009.

Good luck.

http://www.home.co.uk/search/results.htm?MAP_SEARCH=1&high=85000&lat=53.415364&long=1.463413&low=60&minbeds=2&radius=1&terraced=true&page=2

[Strix]

I know it's obvious, but it's worth saying - when you've done the front, make sure the agents come and take new pics. They might be iffy about it, but be insistent