Zoopla , what a load of rubbish
Discussion
Decided to put the house up for sale last year and downscale a bit and took the advice of looking at Zoopla for pricing .
Needless to say the estimated price was way over the top and we missed the boat selling the house but of course we ‘had’ to put it on just under the Zoopla estimate .
Zoopla and estate agents wind me up no end .
They say they have buyers on their books , utter BS, everyone looks at rightmove then calls them.
We’ve even had another competing agent send round fake buyers in an attempt to get us to sign up with them .
Any better sale ideas because I can’t think of any and I’ve reduced the house twice substantially already ?
Needless to say the estimated price was way over the top and we missed the boat selling the house but of course we ‘had’ to put it on just under the Zoopla estimate .
Zoopla and estate agents wind me up no end .
They say they have buyers on their books , utter BS, everyone looks at rightmove then calls them.
We’ve even had another competing agent send round fake buyers in an attempt to get us to sign up with them .
Any better sale ideas because I can’t think of any and I’ve reduced the house twice substantially already ?
nealeh1875 said:
Hi OP,
I'm an ex EA and i always hated this Zoopla property estimate bs,
Essentially, if you wasn't aware, if takes an average of house prices within a certain mileage. So if a house 1 mile away sells for £1mil then your house price will increase too. Same if a load of small 1 bed flats sell.. your house average price will come down etc,
This was always a big objection. 'Well zoopla says its worth x amount, thats £10/20/50k etc more than what you are saying. Sometimes it can be correct but more often than not it is wrong.. In my experience.
Because you put it on overpriced initially, buyers on rightmove and zoopla would of seen it now, seen you reduced and now think you are desperate to sell (reduced twice) and will wait for you to drop more.
I would wait until the new year, if you can wait that long to sell? Chances are it will take 3-4 months to complete anyway especially if you sold now as solicitors shut down for pretty much 2 weeks.
Wait until new year, look at what agents are selling well within 1/4 1/2 mile of your area, same type of houses etc and get them round. See what you reckon then.
Hope it all works out!
We are going to relist it (2nd week inn jan and go POA see if that gets the ball rolling .I'm an ex EA and i always hated this Zoopla property estimate bs,
Essentially, if you wasn't aware, if takes an average of house prices within a certain mileage. So if a house 1 mile away sells for £1mil then your house price will increase too. Same if a load of small 1 bed flats sell.. your house average price will come down etc,
This was always a big objection. 'Well zoopla says its worth x amount, thats £10/20/50k etc more than what you are saying. Sometimes it can be correct but more often than not it is wrong.. In my experience.
Because you put it on overpriced initially, buyers on rightmove and zoopla would of seen it now, seen you reduced and now think you are desperate to sell (reduced twice) and will wait for you to drop more.
I would wait until the new year, if you can wait that long to sell? Chances are it will take 3-4 months to complete anyway especially if you sold now as solicitors shut down for pretty much 2 weeks.
Wait until new year, look at what agents are selling well within 1/4 1/2 mile of your area, same type of houses etc and get them round. See what you reckon then.
Hope it all works out!
Local houses are very individual so there is no obvious benchmark but you’ll know what I mean by that .
I definitely think a few things have conspired against us , most definitely Brexit , so our timings been out buy 18 months I’d say .
Really hate the process of preparing the house for viewings and my wife puts big effort in and sadly we’ve had all manner of time wasters rock up .
I just hope they get the same treatment although we won’t even look at a place untill we are under offer .
Fingers crossed for the new year
Herbs said:
I wouldn't personally do POA unless it is an expensive property.
Most people look through Rightmove at the floor plan and photo's at their price level and if it all stacks up and looks good value for money book a viewing. I tended to look through Rightmove/Zoopla/PrimeLocation either on my lunch break or in the evenings and a property that was POA wouldn't jump out at me enough to ring up to enquire about it (for a variety of reasons).
When selling you want your property to appear in as peoples searches and thoughts as possible.
The problem is we need a new sales approach, just reducing the price in the current market isn't working . Most people look through Rightmove at the floor plan and photo's at their price level and if it all stacks up and looks good value for money book a viewing. I tended to look through Rightmove/Zoopla/PrimeLocation either on my lunch break or in the evenings and a property that was POA wouldn't jump out at me enough to ring up to enquire about it (for a variety of reasons).
When selling you want your property to appear in as peoples searches and thoughts as possible.
I think the mkts at a bit of a standstill
TA14 said:
You can't really do POA with rightmove. The agent must have to put a price in because they list it where you'd expect to find the house in the price order list.
As above though, price is only one factor. Are you happy about photos, description, tidyness, decor etc.
Yes pics and decor all good as is the description As above though, price is only one factor. Are you happy about photos, description, tidyness, decor etc.
I personally think rightmove gets people through the door in h first place then the EA play a role in the negotiations .
I also think a potential buyer is more comfortable being shown round by a neutral party and therefore is more likely to take more time looking around if genuine
The real problem is trying to weed out the tyre kickers before you spent a few hours preparing your house .
That bit sucks
I also think a potential buyer is more comfortable being shown round by a neutral party and therefore is more likely to take more time looking around if genuine
The real problem is trying to weed out the tyre kickers before you spent a few hours preparing your house .
That bit sucks
[quote=DonkeyApple]
My view is that one of the essential roles of the EA is to weed out the tyre kickers. It's part of their skill set. What you don't want is for an agent to take the approach of slinging a load of pointless viewings at the property so as to give the impression of activity to appease the vendor.
We have had time wasters which has angered us as you can imagine and in fairness to the EA its tricky when a potential buyer says all the right things.
Tricky right now selling a house although hopefully the chancellors budget y'day may help at least in the short term
My view is that one of the essential roles of the EA is to weed out the tyre kickers. It's part of their skill set. What you don't want is for an agent to take the approach of slinging a load of pointless viewings at the property so as to give the impression of activity to appease the vendor.
We have had time wasters which has angered us as you can imagine and in fairness to the EA its tricky when a potential buyer says all the right things.
Tricky right now selling a house although hopefully the chancellors budget y'day may help at least in the short term
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