Seller declining viewings
Discussion
Puzzles said:
Does this happen at the higher end of the market?
There is no point me selling my house and waiting for a house that I would like to move into coming on the market, it could easily be 12 to 24 months before one does. I wouldn't want to piss around the buyer of my place as it wouldn't be fair.
No buyer is going to wait 12 to 24 months for you to make your mind up finding a house you like!There is no point me selling my house and waiting for a house that I would like to move into coming on the market, it could easily be 12 to 24 months before one does. I wouldn't want to piss around the buyer of my place as it wouldn't be fair.
In your case if you genuinely couldn’t find the house then your choices are
- Sell and move into rented as you look to buy
- Don’t list, buy your new place with a bridging loan then list your old house for sale
beanoir78 said:
There are no benefits in a vendor allowing non-proceedable viewings. There are plenty of downsides in allowing random people come and view your home (and its contents).
An agent’s job is to make sure that happens, but some think having 30+ viewings is a positive - it might be for them, but it isn’t for the vendor. I would always challenge my agent that quality is more important that quantity.
It massively depends on the property and demand/supply in the area. and whether you can attract multiple offers. An agent’s job is to make sure that happens, but some think having 30+ viewings is a positive - it might be for them, but it isn’t for the vendor. I would always challenge my agent that quality is more important that quantity.
We had two days in a weekend fully booked and everyone asked us how busy we were. We would say “fully booked”. Some were clearly tourists. One was the prior owner!
The feedback included stuff like “we liked it but don’t think we can compete given the level of interest”.
If you have this kind of market dynamic and can can restrict the disruption to a finite time I think it can be worth considering
Edited by lizardbrain on Thursday 16th March 00:00
Puzzles said:
Does this happen at the higher end of the market?
There is no point me selling my house and waiting for a house that I would like to move into coming on the market, it could easily be 12 to 24 months before one does. I wouldn't want to piss around the buyer of my place as it wouldn't be fair.
There is no point me selling my house and waiting for a house that I would like to move into coming on the market, it could easily be 12 to 24 months before one does. I wouldn't want to piss around the buyer of my place as it wouldn't be fair.
What about holding up everyone else in the chain?
beanoir78 said:
There are no benefits in a vendor allowing non-proceedable viewings. There are plenty of downsides in allowing random people come and view your home (and its contents).
An agent’s job is to make sure that happens, but some think having 30+ viewings is a positive - it might be for them, but it isn’t for the vendor. I would always challenge my agent that quality is more important that quantity.
We lost out on a house a couple of years ago as we had accepted an offer on our house from a complete shyster. He hadn't sold his property as he told the agent, and was not remotely proceedable. When the agent smelt a rat and did some digging, turned out he had even had an offer accepted on another property. An agent’s job is to make sure that happens, but some think having 30+ viewings is a positive - it might be for them, but it isn’t for the vendor. I would always challenge my agent that quality is more important that quantity.
As soon as our vendor found out they put the property back on the market. It was under offer the next day. Theres no time to mess around.
The agent was very embarrassed as qualifying buyers is obviously one of their key duties for this very reason.
brickwall said:
No buyer is going to wait 12 to 24 months for you to make your mind up finding a house you like!
In your case if you genuinely couldn’t find the house then your choices are
- Sell and move into rented as you look to buy
- Don’t list, buy your new place with a bridging loan then list your old house for sale
Of course as per my post I wouldn’t mess anyone around. In your case if you genuinely couldn’t find the house then your choices are
- Sell and move into rented as you look to buy
- Don’t list, buy your new place with a bridging loan then list your old house for sale
Can any estate agents give insight? I might give a few a call tomorrow to see.
superlightr said:
Actual said:
sellers we were more experienced and the second agent had professional photographs done which were 1000X better then the first agents snaps. For the photos and every viewing we dressed the house with not a bed cover crease out of place. And we sold.
difference in fees? Puzzles said:
Zarco said:
What about holding up everyone else in the chain?
The types of places I’m looking at don’t have a large pool of buyers.
We only had an estate agent round as I wanted an up to date valuation as our mortgage deal was coming to an end.
The agent asked what we would look for in another house, after listening he informed us about a house round the corner which he was on his way round to photograph which wasn’t yet live on the market.
Out of curiosity we did a drive by and was immediately interested to the point we asked if we could have a look straight after he took his photography. Whilst still with the agent I instructed him to list ours also and within a couple of weeks ours was sold and we had our offer accepted for the new one.
Quite bizarre really considering we weren’t even thinking about moving to begin with but there you go.
However after the first week of viewings I instructed the agents that I didn’t want anyone else round who weren’t in a proceed-able position, it was an utter faff tidying top to bottom each time the phone rang, especially with 2 young kids and a brute of a dog, quite hypocritical I know considering the circumstances we viewed the house we bought, however they had just tidied for the photos anyway!
The agent asked what we would look for in another house, after listening he informed us about a house round the corner which he was on his way round to photograph which wasn’t yet live on the market.
Out of curiosity we did a drive by and was immediately interested to the point we asked if we could have a look straight after he took his photography. Whilst still with the agent I instructed him to list ours also and within a couple of weeks ours was sold and we had our offer accepted for the new one.
Quite bizarre really considering we weren’t even thinking about moving to begin with but there you go.
However after the first week of viewings I instructed the agents that I didn’t want anyone else round who weren’t in a proceed-able position, it was an utter faff tidying top to bottom each time the phone rang, especially with 2 young kids and a brute of a dog, quite hypocritical I know considering the circumstances we viewed the house we bought, however they had just tidied for the photos anyway!
lizardbrain said:
The feedback included stuff like “we liked it but don’t think we can compete given the level of interest”.
We had that, and that's with only half-a-dozen people sniffing around, so it doesn't need a large crowd. It could be people looking beyond their budget and hoping to get it for less than asking but we met one of the couples and felt they just didn't want to get into bun-fight.Had no intention of moving house when our current house came on the market but it was just about affordable, in a great location and lovely house which meant I arranged a visit just out of curiosity.
Our offer was accepted the next day.
TLDR - if the seller wants you to view they'll let you view.
Our offer was accepted the next day.
TLDR - if the seller wants you to view they'll let you view.
Zarco said:
Puzzles said:
Zarco said:
What about holding up everyone else in the chain?
The types of places I’m looking at don’t have a large pool of buyers.
DonkeyApple said:
Zarco said:
Puzzles said:
Zarco said:
What about holding up everyone else in the chain?
The types of places I’m looking at don’t have a large pool of buyers.
Louis Balfour said:
They need £1. Plus the solicitor's fee for drawing it up.
Would you grant an option on an asset of yours for a premium of £1 or prefer to set a value that would incentivise the opponent on the other side to exercise? I reckon you'd want a premium akin to the normal deposit size as that's a figure the industry has settled upon as being about right to push deals to completion?
But as we know, few buyers have that sort of money and will typically obtain it from their buyer who may be obtaining it from theirs, all the way down to an FTBer that the entire chain is reliant upon having the wealth for all the older folk involved to proceed.
We had an unusual occurrence for a house sale a few years ago.
We went to see the bottom part of an old station house that was up for sale and fell in love with it. The sellers also lived in the top part and we got on well during the viewing.
We had a flat up for sale the we’d tried selling before and knew we’d struggle but they offered to take the house off the market till we sold. The prices were pretty near matched and they even offered to drop their price if we had to do likewise (they must have really really liked us)
Unfortunately our flat failed to sell after many months and we eventually had to tell them to put theirs back on the market as it wasn’t fair to keep them hanging on.
We still drive past it and wonder what if but in hindsight it was probably a good thing.
The other angle to this is that if you are in an area where there is multiplied council tax for second homes, by listing it for sale for up to 12 months you save a few thousand in council tax fees. Lot of houses near me in Pembs seem to have been for sale for ages at dafe asking prices and without any viewings
brickwall said:
Puzzles said:
Does this happen at the higher end of the market?
There is no point me selling my house and waiting for a house that I would like to move into coming on the market, it could easily be 12 to 24 months before one does. I wouldn't want to piss around the buyer of my place as it wouldn't be fair.
No buyer is going to wait 12 to 24 months for you to make your mind up finding a house you like!There is no point me selling my house and waiting for a house that I would like to move into coming on the market, it could easily be 12 to 24 months before one does. I wouldn't want to piss around the buyer of my place as it wouldn't be fair.
In your case if you genuinely couldn’t find the house then your choices are
- Sell and move into rented as you look to buy
- Don’t list, buy your new place with a bridging loan then list your old house for sale
bennno said:
The other angle to this is that if you are in an area where there is multiplied council tax for second homes, by listing it for sale for up to 12 months you save a few thousand in council tax fees. Lot of houses near me in Pembs seem to have been for sale for ages at dafe asking prices and without any viewings
If they are second homes, you get a year without the second home rate if you put the house up for sale If it's 15-20% overpriced it's probably one of those It's the only way around it now as they've made the rules so draconian to avoid people paying reduced business rates on the property instead/
I've attended 3 council meetings and taken them to task over their claims and figures, which they couldn't back up, But lets not get into my soapbox topic as it's off topic.
Edited by Byker28i on Thursday 16th March 13:21
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