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dulwichgirl2

By dulwichgirl2
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MrBen

MrBen

Posted
Posted

red devil Wrote:

-------------------------------------------------------

> MrBen Wrote:

> --------------------------------------------------


> > What angle is the Beenmiester peddling this

> time?

>

> Don't move, improve.


Ah yes ..."Don't move, improve" - surely surfing off the current homes are for living, not an investment sentiment. The Beeny is always on the button.

  • 2 weeks later...
SilverSurfer65

SilverSurfer65

Posted
Posted

Jeremy Wrote:

-------------------------------------------------------

> It's not slow. But a think a lot of agents have

> overvalued places, which isn't helping. A lot of

> houses being reduced...



I can agree with you there Jeremy.


Our house went on the Market last March, and we had 9 viewing in the next four months, and halfway through we reduced the priced by ?20,000.


We changed Agents in July, and today had our 12th viewing with them, having reduced the price a further ?30,000 in August.


Today the price has gone down another ?25,000.


The feedback up until today has been that "they like the house/the street/the area/the School catchment, but it will cost a lot to get the house to how they want it".


We now hope the price is right for someone else to love this house as much as we have, as apparently there is about "six weeks" before the Market slows down/stops again.

dulwichgirl2

dulwichgirl2

Posted
  • Author
Posted

Always ask agents for specific comparables to back up the estimates they are offering you. Also ask them how much they would put it on at if you needed to sell ina month. You get a much more realisitic assessment.


Sorry you are having all this unnecessary stress, unnecessary as the agents should have been more realistic.

Gidget

Gidget

Posted
Posted

Wow those are a lot of reductions and a large one overall.


There is a 1 bed garden flat in Oglander Road (in one of the smaller houses) that went on the market at close to ?290k, it went under offer v. quickly and is now back on the market at a lower price, with a reduction of about 20k. Can't remember the exact figures but am guessing that the first offer price didn't stand up to a valuation.

SilverSurfer65

SilverSurfer65

Posted
Posted

Ours is a 4/5 bedroom house which doesn't have stripped floors or original fireplaces, nor decking in the garden, which are the things that seem to be the "in" thing today. We also have a loft and a cellar, together with a front and back garden but no garage.


As this was our first purchase of a house, many, many years ago, we had no idea what sort of questions to ask, and were swayed by the original large amount quoted.


Hopefully this is now a more realistic price.


A lot of the stress is self-inflicted - I've been such a hoarder all these years - but I've managed to shift some things on the EDF and what doesn't sell goes to a Charity shop.

Jeremy

Jeremy

Posted
Posted
Its a shame that agents play the game of overpricing things to win the custom. You're not the only person who has been messed around like this. If viewers all think it needs a complete refurb, then you probably need to subtract the cost of this from the price of a typical 4 bed house, and then knock off a bit more to sweeten the deal. Hopefully you've got it right now, and you'll find a buyer soon.
dulwichgirl2

dulwichgirl2

Posted
  • Author
Posted
Agree with Jeremy but I suppose that, as long as you didn't need to move earlier in the year, nothing is lost and you had the chance of someone buying at the inflated price. Why not put it on in the residential section of the forum? If you just put a description, you might even find a buyer and avoid commission!
giggirl

giggirl

Posted
Posted

MrBen Wrote:

-------------------------------------------------------

> Decking has gone the way of magnolia walls,

> Buddha's heads and oriental bamboo I fear. None of

> which ever looked at home in South East London

> anyway did it?



Jeez, you're not coming round to mine Mr Ben!

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