Jump to content

Recommended Posts

Jeremy Wrote:

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

> Several places have sold recently in the area,

> including a place I was watching on Oakhurst

> Grove. It's just a question of pricing your

> property realistically. However, the agents

> presumably want to keep prices as high as they

> can, and seem to be marketing properties at prices

> which they will never possibly acheive.


Agents aren't responsible for setting unrealistic prices - it's the vendors. They look at similar properties on rightmove (inevitably browsing all the overpriced stuff that hasn't sold) and set their prices accordingly. Result: they end up stuck on the market as well. Only those vendors who undercut the competition are getting sales. Agents are now in the business of talking down prices in order to get things moving, as they're much more interested in maintaining volume of sales rather than prices. Though saying that, there are doubtless a few agents who encourage silly pricing in order to get the instruction, only to let the property languish on the market for six weeks or so before telling the vendor they need to cut the price by 10%.


Some places are selling at the moment, but only if they are priced low or the vendor has no choice about moving and has to accept a low offer. In a housing market crash, people keep buying all the way to the bottom of the cycle, but prices fall anyway because there isn't enough demand to erode the growing supply.

macroban Wrote:

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

> An educated friend tells me this is following the

> K?bler-Ross model.



So paraphrased:


Denial:

Example - "It will be fine, the house will sell easily"

Anger:

Example - "Why me? Why couldnt the crunch have happened a few months later!"

Bargaining:

Example - "Just let the market hold long enough for it to sell at the right time"

Depression:

Example - "OMG I am going to lose so much that I didnt have to"

Acceptance:

Example - "Oh sod it, lets sell at any price"

Does anyone have any suggestions as to what kind of commission deal can currently be struck with estate agents in East Dulwich when selling houses ? An advisor on the radio last night was suggesting people should negotiate for 0.5% of selling price! Can this really be so?


About 1 per cent feels about right to me.


What do others think?

I'd like to sell my 3 bedroomed house (+ a study), if anybody would like to buy it for ?650,000. It is very nice - even the Estate Agents said so.


A couple of weeks ago, we had 8 houses to sell on our road - all of which have been on the market for several months.


One of my neighbours has dropped theirs from ?750k to ?700k but still no-one is interested.


Estate Agents told us to gratefully accept an offer, or sit still for at least 2 years.

Mrs Iggy Pop Wrote:

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

> I'd like to sell my 3 bedroomed house (+ a study),

> if anybody would like to buy it for ?650,000. It

> is very nice - even the Estate Agents said so.

>

> A couple of weeks ago, we had 8 houses to sell on

> our road - all of which have been on the market

> for several months.

>

> One of my neighbours has dropped theirs from ?750k

> to ?700k but still no-one is interested.

>

> Estate Agents told us to gratefully accept an

> offer, or sit still for at least 2 years.



hi, i've sent you a personal message

wow, i am still staggered not at house prices ... but by the fact that people like kirsty and 'what's his face, not son of the rich family' are paid to tell people the bl**dy obvious about selling a house. keep it clean?? decorate?? look smart ... what is this a degree in estate agentology?

What is more laughable is Kirsty and Phil's current crusade against stamp duty, using it as a reason people aren't buying at the moment.


What they fail to remember is that stamp duty didn't stop people buying last year when prices were just as high.


They argue a price fall is bad - when in reality the stamp duty of 1% can easily be "saved" by a price reduction of only 1%, so a 20% fall is much more beneficial for first time buyers than the scrapping of stamp duty.


If anything stamp duty should have been raised much higher 5 years ago to stop the ridiculous price growth.


Plus foreign nationals paying an additional 20% or suchlike in stamp duty.


Their maths is quite staggeringly upside down, and such a vested interest it shouldn't be allowed on television.

We did view a comedy house in ED before we bought. I almost laughed in their faces.


Bowls of pot pourris everywhere.

'Best of classical Music' playing (free with the Daily Mail, I suspect)

Scattercushions angled to perfection.

Mario Testino on the coffee table.

My favourite was a bowl of fruit - in the bedroom

Brendan Wrote:

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

> Or doubling stamp duty on each additional property

> you buy, going up exponentially.

>

> But that may have stood in the way of so many MPs

> and local councillors building up their little

> buy-to-let empires.



Exactly. There are so many ways that would be a fair stamp duty system which works on the basis that people only need one house to live in.


As you say, too many noses in too many troughs. Oink Oink.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Messaging, messaging, messaging. That's all it boils down to. There are only so many fiscal policies out there, and they're there for the taking, no matter which party you're in. I hate to say it, but Farage gets it right every time. Even when Reform reneges on fiscal policy, it does it with enough confidence and candidness that no one is wringing their hands. Instead, they're quietly admired for their pragmatism. Strangely, it's exactly the same as Labour has done, with its manifesto reverse on income tax, but it's going to bomb.  Blaming the Tories / Brexit / Covid / Putin ... none of it washes with the public anymore  - it wants to be sold a vision of the future, not reminded of the disasters of the past. Labour put itself on the back foot with its 'the tories fucked it all up' stance right at the beginning of its tenure.  All Lammy had to do (as with Reeves and Raynor etc) was say 'mea culpa. We've made a mistake, we'll fix it. Sorry guys, we're on it'. But instead it's 'nothing to see here / it's someone else's fault / I was buying a suit / hadn't been briefed yet'.  And, of course, the press smells blood, which never helps.  Oh! And Reeve's speech on Wednesday was so drab and predictable that even the journalists at the press conference couldn't really be arsed to come up with any challenging questions. 
    • Niko 07818 607 583 has been doing jobs for us for several years, he is reliable, always there for us, highly recommended! 
    • I am keeping my fingers crossed the next few days are not so loud. I honestly think it is the private, back garden displays that are most problematic as, in general, there is no way of knowing when and where they might happen. For those letting off a few bangers in the garden I get it is tempting to think what's the harm in a few minutes of 'fun', but it is the absolute randomness of sudden bangs that can do irreparable damage to people and animals. With organised events that are well advertised there is some forewarning at least, and the hope is that organisers of such events can be persuaded to adopt and make a virtue of using only low noise displays in future.
    • There was an excellent discussion on Newscast last night between the BBC Political Editor, the director of the IFS and the director of More In Common - all highly intelligent people with no party political agenda and far more across their briefs than any minister I've seen in years. The consensus was that Labour are so unpopular and untrusted by the electorate already, as are the Conservatives, that breaking the manifesto pledge on income tax wouldn't drive their approval ratings any lower, so they should, and I quote, 'Roll The Dice', hope for the best and see where we are in a couple of years time. As a strategy, i don't know whether I find that quite worrying or just an honest appraisal of what most governments actually do in practice.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...