Show us your real estate pawn (Vol 5)
Discussion
abzmike said:
Wilmslowboy said:
Lovely patch of land but not a big house for your £3M...
@‘thetapeworm
It’s not a great house for the modern family IMO, and the decor is a bit unusual which may throw some people. It’s got a tiny kitchen and poor layout considering it’s fairly ‘new’, it needed to be properly extended and with a large social area attached.
Added to that you’re right in that it’s a small plot which is one of the big things those houses there typically have going for them for a family moving from London or similar. My grandparents lived close by in a far smaller house and had an acre or so. It’s an odd location anyway there, stuff has always struggled I feel, nothing locally within a walk, schools always a drive etc.
Suspect it’ll move at a lower price but I think most of the money moving to the Farnham area likely aims itself at Great Austin’s type area as it’s just much better for actual family life.
It’s not a great house for the modern family IMO, and the decor is a bit unusual which may throw some people. It’s got a tiny kitchen and poor layout considering it’s fairly ‘new’, it needed to be properly extended and with a large social area attached.
Added to that you’re right in that it’s a small plot which is one of the big things those houses there typically have going for them for a family moving from London or similar. My grandparents lived close by in a far smaller house and had an acre or so. It’s an odd location anyway there, stuff has always struggled I feel, nothing locally within a walk, schools always a drive etc.
Suspect it’ll move at a lower price but I think most of the money moving to the Farnham area likely aims itself at Great Austin’s type area as it’s just much better for actual family life.
Edited by okgo on Thursday 28th March 10:22
Bonefish Blues said:
Wills2 said:
NDA said:
Diderot said:
A lovely spot... nicely screened off from the neighbours too. 
thetapeworm said:
I won't go on about it as a I appreciate I'm derailing the post slightly but thanks to those that offered feedback on this. I shared it, they seemed to listen but the agent doesn't seem to want to actually make an effort to sell the place and earn some commission and my in-laws aren't "fighty" enough to push them.
Despite multiple attempts and a few changes to the listing it's still incredibly poor, lacking in detail and full of mistakes. My brother-in-law took a new photo of the house for them to use as the main photo and sent it to them, they've updated this but apparently can't see any issues with the rest.
Instead of proof-reading and sorting out the mistakes on the listing and adding better photos and floor plans they've now persuaded my in-laws to just reduce the price of the house by about as much as my own house is worth because they feel it's this that's holding people back from enquiring and not the abysmal attempt to sell it for them.
My in-laws aren't helping themselves here so I've given up trying but thanks to those that offered their views.
I'm afraid the cold hard truth will be the price. Yes there's mistakes but I've seen far worse, it's had lots of exposure and not sold. The attitude of the agent sucks, but in reality another agent isn't going to do a great deal more and pull new buyers out of nowhere.Despite multiple attempts and a few changes to the listing it's still incredibly poor, lacking in detail and full of mistakes. My brother-in-law took a new photo of the house for them to use as the main photo and sent it to them, they've updated this but apparently can't see any issues with the rest.
Instead of proof-reading and sorting out the mistakes on the listing and adding better photos and floor plans they've now persuaded my in-laws to just reduce the price of the house by about as much as my own house is worth because they feel it's this that's holding people back from enquiring and not the abysmal attempt to sell it for them.
My in-laws aren't helping themselves here so I've given up trying but thanks to those that offered their views.
Escort3500 said:
abzmike said:
TheJimi said:
Today's offering from me. Again, in one of my favourite towns -
https://www.rightmove.co.uk/properties/146106431#/...
Nice enough in a lovely spot, but a lot of buyers will likely need to spend a good deal of money updating. https://www.rightmove.co.uk/properties/146106431#/...
okgo said:
Needs a reduction at the same time. Or a long enough time off market. People aren’t stupid.
It's only been on the market since the start of the month, it's not as if it's been sat there for years and I can't imagine this corner of the market is quite as busy as others. They've recently reduced the price at the advice of the agent... that weeks earlier set the other price... and don't expect it to be snapped up in hours but I appreciate your input even if I'm not quite sure I understand all of it.
Quags said:
I'm afraid the cold hard truth will be the price. Yes there's mistakes but I've seen far worse, it's had lots of exposure and not sold. The attitude of the agent sucks, but in reality another agent isn't going to do a great deal more and pull new buyers out of nowhere.
Price may well play a part but I don't think a month on the market equates to "lots of exposure", especially when for half of that time it wouldn't come up in the searches for people looking for a property with this many bedrooms due to the listing being incorrect. It's a limited market for sure and you'd be daft to think there were people out there waiting to snap houses like this up but time will tell I guess.
Ultimately it's not my house, I just want them to be happy and move on with their lives
Edited by thetapeworm on Thursday 28th March 15:10
Edited by thetapeworm on Thursday 28th March 15:11
thetapeworm said:
It's only been on the market since the start of the month, it's not as if it's been sat there for years and I can't imagine this corner of the market is quite as busy as others.
They've recently reduced the price at the advice of the agent... that weeks earlier set the other price... and don't expect it to be snapped up in hours but I appreciate you're input even if I'm not quite sure I understand it.
Ah well a month for property at this price point isn't that long, I'd usually look to review it at about 8-10 weeks.They've recently reduced the price at the advice of the agent... that weeks earlier set the other price... and don't expect it to be snapped up in hours but I appreciate you're input even if I'm not quite sure I understand it.
There seems to be remarkably little data (or a lack of willingness of agents to share that data) for how many qualified buyers they have on there books (or even randomers doing Rightmove searches) at different price points. We had lots of agents in to value our house and the range was huge - a 70% range top to bottom. We went in the middle but when I asked how the demand picture changed at different price points, I was met with blank looks. They all sent me houses at lower (or higher) price points that bore little or no relation to my house to justify their price thinking. I could see what was on the market but not the attention that it was generating. I was happy to price it competitively not not stupidly and I could see little way to benchmark how a price change on my property was going to change the demand picture.
I get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
I get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
AstonZagato said:
There seems to be remarkably little data (or a lack of willingness of agents to share that data) for how many qualified buyers they have on there books (or even randomers doing Rightmove searches) at different price points. We had lots of agents in to value our house and the range was huge - a 70% range top to bottom. We went in the middle but when I asked how the demand picture changed at different price points, I was met with blank looks. They all sent me houses at lower (or higher) price points that bore little or no relation to my house to justify their price thinking. I could see what was on the market but not the attention that it was generating. I was happy to price it competitively not not stupidly and I could see little way to benchmark how a price change on my property was going to change the demand picture.
I get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
an agent told me there was an art to getting into the right "price band" on zoopla or rightmove, which i thought was interesting - they had their own stats on viewings generated by the different price bands in north londonI get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
db10 said:
AstonZagato said:
There seems to be remarkably little data (or a lack of willingness of agents to share that data) for how many qualified buyers they have on there books (or even randomers doing Rightmove searches) at different price points. We had lots of agents in to value our house and the range was huge - a 70% range top to bottom. We went in the middle but when I asked how the demand picture changed at different price points, I was met with blank looks. They all sent me houses at lower (or higher) price points that bore little or no relation to my house to justify their price thinking. I could see what was on the market but not the attention that it was generating. I was happy to price it competitively not not stupidly and I could see little way to benchmark how a price change on my property was going to change the demand picture.
I get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
an agent told me there was an art to getting into the right "price band" on zoopla or rightmove, which i thought was interesting - they had their own stats on viewings generated by the different price bands in north londonI get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
It’s why at that level they should be using their network of clients but also buying agents etc. I would imagine most people spending that money are not going to be on RM all day. They’ll have engaged a buying agent (the buying solution or similar) who should be well connected with the big house department of all the main agents.
I haven’t seen the house appear on my instagram feed but that seems common now with the special stuff. Or in the glossy magazines etc.
If we’re being honest someone who can spend £4.5m or whatever it was can probably spend a fair hit more
or indeed a fair bit less so not sure getting it bang on is as important as a £1m terraced house in London where there’s 23 of them for sale in same postcode.
I haven’t seen the house appear on my instagram feed but that seems common now with the special stuff. Or in the glossy magazines etc.
If we’re being honest someone who can spend £4.5m or whatever it was can probably spend a fair hit more
or indeed a fair bit less so not sure getting it bang on is as important as a £1m terraced house in London where there’s 23 of them for sale in same postcode.
AstonZagato said:
There seems to be remarkably little data (or a lack of willingness of agents to share that data) for how many qualified buyers they have on there books (or even randomers doing Rightmove searches) at different price points. We had lots of agents in to value our house and the range was huge - a 70% range top to bottom. We went in the middle but when I asked how the demand picture changed at different price points, I was met with blank looks. They all sent me houses at lower (or higher) price points that bore little or no relation to my house to justify their price thinking. I could see what was on the market but not the attention that it was generating. I was happy to price it competitively not not stupidly and I could see little way to benchmark how a price change on my property was going to change the demand picture.
I get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
I would have thought that 5-10% is in the region of what someone might offer to buy the property, what I mean is if a house is for sale for £3.5million and not getting offers or views it's not suddenly going to sell if dropped to £3.25 million as for me that buyer would have already have been round and put that kind of offer in when it was advertised for £3.5m. I get that, say, halving the price is going to sell it. But I don't want to sell it there - it is worth more to me than that. What I want to know is how does, say, a 5% or 10% cut in the price change the picture. How many more viewing do I get at that level. My conclusion is that the agents don't have the first clue and don't really have any understanding of the market demand picture, only the supply.
I think often the blank looks are there because they don't want to offend which is understandable at this price level, I think it's harder when there isn't a row of expensive houses surrounding the property (not much data to go on) as it's a stand out property in the area which means it's a very small pool of buyers, but of course you only need one to fall in love with it.
thegreenhell said:
It's on Brooklands Lane, backing onto Brooklands College campus.
https://maps.app.goo.gl/8zAfNkuo7o77n5jm9
The listing seems disingenuous at best in that case. https://maps.app.goo.gl/8zAfNkuo7o77n5jm9
“Acres of private woodland paths meander through pine, birch and other native trees to a wonderful walled garden”
Firstly, acres of paths is not the same as acres of land. But are the paths even owned by the property? There’s another house at the bottom of the garden?
Street view from the surrounding roads also shows very public access into that woodland…
I rather like this although it might be as it's in my childhood stomping ground as much as anything
Sadly adulthood hasn't seen the kind of money needed to buy it come my way
https://www.rightmove.co.uk/properties/146313227#/...
Sadly adulthood hasn't seen the kind of money needed to buy it come my way
https://www.rightmove.co.uk/properties/146313227#/...
£7.5m Weybridge, Surrey
https://www.zoopla.co.uk/for-sale/details/65177630...
Scrub that. This thread is so fast moving I can't keep up
https://www.zoopla.co.uk/for-sale/details/65177630...
Scrub that. This thread is so fast moving I can't keep up
Edited by Horsey McHorseface on Sunday 31st March 00:23
been away for a couple of weeks - have we had this yet?
https://www.rightmove.co.uk/properties/145027277#/...
https://www.rightmove.co.uk/properties/145027277#/...
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