Is anyone moving now?
Discussion
Found a new build plot I liked the look of, went into the sales office yesterday with the hope of reserving it and the sales person said she had someone coming on Sunday about that plot?!
Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
NeilMick said:
Found a new build plot I liked the look of, went into the sales office yesterday with the hope of reserving it and the sales person said she had someone coming on Sunday about that plot?!
Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
It’s quite common for them to “soft reserve” stuff for qualified proceedable buyers - you’d be pissed off surely if you’d arranged to see them on a given day and someone had walked in off the street the day before and beaten you to it? Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
Greshamst said:
Yes, it seems very little comes up that ticks the boxes so there’s a lot of competition. Are you my competition? 
We've been in Hitchin since 2017. Recently extended but looked at moving as an option. Not much comes up and what does needs significant work. Where we are now ticks all our boxes. Good luck on your search.
Toaster Pilot said:
NeilMick said:
Found a new build plot I liked the look of, went into the sales office yesterday with the hope of reserving it and the sales person said she had someone coming on Sunday about that plot?!
Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
It’s quite common for them to “soft reserve” stuff for qualified proceedable buyers - you’d be pissed off surely if you’d arranged to see them on a given day and someone had walked in off the street the day before and beaten you to it? Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
After posting a few times about having zero interest at all in my property since last November I can only say what a difference a week has made.
Towards the back end of the week before last I dropped the asking price again to an "offers over" position in line with what I thought and subsequently agreed with the EA was a sensible price for the current market.
Within 30 mins, notification of a viewer, within 24 hours, said viewer, and 24 hours later, offer and negotiations were completed.
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
The day I lowered my asking price a property we had looked at back in November came back onto the market, to add context it was viewing their home initially that confirmed to us that our current place was not for us long term, and if we got theirs it would be good, but not essential.
Another viewing, a little negotiation and a lot of chain checking and within the space of a week we've sold and agreed on an onward purchase.
Long way to go of course, but I have restored faith in the market, for now....
Towards the back end of the week before last I dropped the asking price again to an "offers over" position in line with what I thought and subsequently agreed with the EA was a sensible price for the current market.
Within 30 mins, notification of a viewer, within 24 hours, said viewer, and 24 hours later, offer and negotiations were completed.
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
The day I lowered my asking price a property we had looked at back in November came back onto the market, to add context it was viewing their home initially that confirmed to us that our current place was not for us long term, and if we got theirs it would be good, but not essential.
Another viewing, a little negotiation and a lot of chain checking and within the space of a week we've sold and agreed on an onward purchase.
Long way to go of course, but I have restored faith in the market, for now....
*Badger* said:
After posting a few times about having zero interest at all in my property since last November I can only say what a difference a week has made.
Towards the back end of the week before last I dropped the asking price again to an "offers over" position in line with what I thought and subsequently agreed with the EA was a sensible price for the current market.
Within 30 mins, notification of a viewer, within 24 hours, said viewer, and 24 hours later, offer and negotiations were completed.
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
The day I lowered my asking price a property we had looked at back in November came back onto the market, to add context it was viewing their home initially that confirmed to us that our current place was not for us long term, and if we got theirs it would be good, but not essential.
Another viewing, a little negotiation and a lot of chain checking and within the space of a week we've sold and agreed on an onward purchase.
Long way to go of course, but I have restored faith in the market, for now....
Good work and here's wishing you all the best Towards the back end of the week before last I dropped the asking price again to an "offers over" position in line with what I thought and subsequently agreed with the EA was a sensible price for the current market.
Within 30 mins, notification of a viewer, within 24 hours, said viewer, and 24 hours later, offer and negotiations were completed.
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
The day I lowered my asking price a property we had looked at back in November came back onto the market, to add context it was viewing their home initially that confirmed to us that our current place was not for us long term, and if we got theirs it would be good, but not essential.
Another viewing, a little negotiation and a lot of chain checking and within the space of a week we've sold and agreed on an onward purchase.
Long way to go of course, but I have restored faith in the market, for now....
*Badger* said:
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
Commented on this before, but over and over in our village houses that are generally in the £300K to £500K range will sit there for a while, have £10K knocked of the price and then go SSTC almost immediately. An EA did tell me once that buyers have a hard limit and just won't look above that but it's hard to imagine people would not even look at something so close on price.Sheepshanks said:
*Badger* said:
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
Commented on this before, but over and over in our village houses that are generally in the £300K to £500K range will sit there for a while, have £10K knocked of the price and then go SSTC almost immediately. An EA did tell me once that buyers have a hard limit and just won't look above that but it's hard to imagine people would not even look at something so close on price.Toaster Pilot said:
NeilMick said:
Found a new build plot I liked the look of, went into the sales office yesterday with the hope of reserving it and the sales person said she had someone coming on Sunday about that plot?!
Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
It’s quite common for them to “soft reserve” stuff for qualified proceedable buyers - you’d be pissed off surely if you’d arranged to see them on a given day and someone had walked in off the street the day before and beaten you to it? Seems a bit bizarre they won't take a confirmed reservation simply because someone else had made an appointment later in the week.
Oh well, guess I'll take my money elsewhere, forgot they're flying off the shelves. If it doesn't sell I'm tempted to back and offer £10k less.
Same with houses - if it ain't sold, it ain't sold.
leef44 said:
Sheepshanks said:
*Badger* said:
Now some may say it was over priced initially, maybe, but I wasn't greedy and punted in the middle of 3 x EA valuations,, or some would say that my buyers previous sale had fallen through due to chain issues and I was just in the right place at the right time, but its irrelevant now rigjht?
Commented on this before, but over and over in our village houses that are generally in the £300K to £500K range will sit there for a while, have £10K knocked of the price and then go SSTC almost immediately. An EA did tell me once that buyers have a hard limit and just won't look above that but it's hard to imagine people would not even look at something so close on price.Why not fly a kite?
Keen to get the best price, sellers will often ask what is wrong with ‘going high’, believing that their initial guide price represents the maximum achievable and that buyers can always make an offer. Buyers, though, want the best house they can afford and will not look at anything else. If your house is in their range but doesn’t appear to offer what they think they can get for their money, they will not consider it at any price.
Conversely, less wealthy buyers for whom your price is even 10% above their maximum, assume you will be insulted by a low offer, so they will not look at your house, either. Indeed, if your price is outside the thresholds set when buyers search online, they won’t even be aware that your property is on the market. The upshot of this – with one, rare exception – is that ‘going high’ in the current market guarantees that it will take longer to sell than necessary, waste the surge of interest that properties new to the market always attract and, in the process, miss the chance of a premium.
*Badger* said:
Have to agree with the comments on here, the logic in which some people seem to search on RM is baffling.
Some people will only search up to their maximum, not considering the possibility of negotiation, personally I've viewed stuff at £50k over especially in the current market.
Over the last year, everything I’ve looked at has gone for asking or over asking (sometimes well over). Not much point at looking at over-budget properties in that market.Some people will only search up to their maximum, not considering the possibility of negotiation, personally I've viewed stuff at £50k over especially in the current market.
skwdenyer said:
*Badger* said:
Have to agree with the comments on here, the logic in which some people seem to search on RM is baffling.
Some people will only search up to their maximum, not considering the possibility of negotiation, personally I've viewed stuff at £50k over especially in the current market.
Over the last year, everything I’ve looked at has gone for asking or over asking (sometimes well over). Not much point at looking at over-budget properties in that market.Some people will only search up to their maximum, not considering the possibility of negotiation, personally I've viewed stuff at £50k over especially in the current market.
Muzzer79 said:
If I'd arranged to see a car this weekend and someone goes and buys it tonight, that's fair game IMO. I haven't been quick enough.
Same with houses - if it ain't sold, it ain't sold.
Maybe the presence of 50 other identical cars just positioned slightly differently would change that? I’m sure all developers are different but the one I’m buying from certainly seems to operate in the way I’m describing. Same with houses - if it ain't sold, it ain't sold.
MuscleSedan said:
It's been a steadily falling market since the end of last summer. There's places in my area been advertised since back then that look obviously overpriced right now. Definitely scope for offers well below asking on a lot of these I would imagine. I had 3 Rightmove alerts last week for properties in my area and they were all £25k price reductions.
As ever, the market is strongly area-dependent.Well we’ve accepted an offer on our flat yesterday. It went to best and final offers.
Then Person C who’s best and final got beaten came back to us with an additional amount after we’d accepted Person A’s best and final offer, and estate agents had begun process with Person A.
We decided to stick with Person A, as we’d made an agreement. Estate agent said in their experience that buyers who come back with more after their best and final gets beaten can be difficult and look to beat you down as they feel they’ve over paid. Not sure if there’s any truth in that.
Anyway, still need to find a place to move into. Still not much coming up. Hopefully now we’re coming into spring the market might pick up.
Then Person C who’s best and final got beaten came back to us with an additional amount after we’d accepted Person A’s best and final offer, and estate agents had begun process with Person A.
We decided to stick with Person A, as we’d made an agreement. Estate agent said in their experience that buyers who come back with more after their best and final gets beaten can be difficult and look to beat you down as they feel they’ve over paid. Not sure if there’s any truth in that.
Anyway, still need to find a place to move into. Still not much coming up. Hopefully now we’re coming into spring the market might pick up.
Fusss said:
So our house went on the market last Thursday.
Well priced against similar houses in the area, in immaculate condition (brand new bathroom, kitchen, boiler etc).
So far agent has got us one viewing – I know its early days but I am being unrealistic expecting more after this many days?? Says they keep getting enquiries but no other viewings booked yet.
This is our first house, so I’ve never sold before and have no experience to compare it against.
The house we want is with the same agent, but they said do not offer on it until you are under offer, so in a bit of a waiting game. Feels stressful already and we’ve barely started
So after a grand total of two viewings, the agent had absolutely nothing else, no enquiries, nothing.Well priced against similar houses in the area, in immaculate condition (brand new bathroom, kitchen, boiler etc).
So far agent has got us one viewing – I know its early days but I am being unrealistic expecting more after this many days?? Says they keep getting enquiries but no other viewings booked yet.
This is our first house, so I’ve never sold before and have no experience to compare it against.
The house we want is with the same agent, but they said do not offer on it until you are under offer, so in a bit of a waiting game. Feels stressful already and we’ve barely started
The house we like is now "off the market" until they find something they like as they have been on the market since before Xmas, and lo and behold they've found something, so they are ready to list again.
We have reduced our asking price by 10k so we now really are super well priced against other 3 beds in our area. We are 10k cheaper than the next one, and up to 25k cheaper than others. They do all have garages which we don't but nowhere near in as good condition overall.
So far, one more enquiry, no vieiwing yet.
With just 1 viewing I would be a little concerned it was listed too high.
Our agent advised to list significantly below market rate, create a bit of buzz. Was a massive hassle as loads viewings from people obviously expecting to pay list.
But turned out to be great advice from a sales point of view. Top three offers were all above what I would have listed for.
Could easily backfire though! I think it relies on significant demand/supply imbalance in your street.
Our agent advised to list significantly below market rate, create a bit of buzz. Was a massive hassle as loads viewings from people obviously expecting to pay list.
But turned out to be great advice from a sales point of view. Top three offers were all above what I would have listed for.
Could easily backfire though! I think it relies on significant demand/supply imbalance in your street.
lizardbrain said:
With just 1 viewing I would be a little concerned it was listed too high.
Our agent advised to list significantly below market rate, create a bit of buzz. Was a massive hassle as loads viewings from people obviously expecting to pay list.
But turned out to be great advice from a sales point of view. Top three offers were all above what I would have listed for.
Could easily backfire though! I think it relies on significant demand/supply imbalance in your street.
I think this is a good idea. House buying isn't purely rational. If people get the impression that there are lots of competing buyers it makes them want it more. Ideally you want a queue of cars all down the street with people awaiting their 15 minute slot to view!Our agent advised to list significantly below market rate, create a bit of buzz. Was a massive hassle as loads viewings from people obviously expecting to pay list.
But turned out to be great advice from a sales point of view. Top three offers were all above what I would have listed for.
Could easily backfire though! I think it relies on significant demand/supply imbalance in your street.
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