Re: Dropped The Price
 

I don't think it helps that the media keep telling everyone that UK house prices are set to drop by 20% over next 2 years!:thumbdown:

I know a few people who are stuck in same boat as you guys as regards selling-few viewings, no offers, silly offers-like they're trying to factor in the 20% drop ahead of time, or viewers who would buy but just can't sell their own..

Re: Dropped The Price
 

Woo Hoo Fantastic :thumbsup: !!

Donna.
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Re: Dropped The Price
 

Thank you.....:wub:

Re: Dropped The Price
 

Been on since May. Dropped from £375,000 (put it on £10k below estate agents valuation) to £340,000. 2 time waster offers of £280,000 and £290,000 long before the market crashed, one trying to play us off against another house and they brought neither in the end. One couple downsizing who loved it but can't sell their house. Market gone dead here now no houses sold for 6 months. Can't afford to go any lower so may have to validate and move in a couple of years instead:frown:

Re: Dropped The Price
 

Thanks hun and good luck to you too, hope all goes well :wub:

Donna.
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Re: Dropped The Price
 

We're in the same boat too. House on the market 10 months. 1 sale fallen through.:curse: Reduced price 3 times. Now £95K UNDER the original valuation 10 months ago. It's now the cheapest house of it's kind in our location. Spent £50K on essential work over the last 3 years. (Heating, new water supply, dpc etc) One of only 5 houses of it's period in the county. Village location, good catchment area. Period features, quarter of an acre garden. Planning permission to extend and for triple garage. Plus development potential.

Fed up to the back teeth of being told by viewers that it is a wonderful house and they love it. Fed up with being told they will definately get back to us and put in an offer and nothing.... what is wrong with people? If they don't want it, why lie???

Sorry, rant over. This is doing my head in and very soon we will give up, take it off the market and rent it out.:(

Re: Dropped The Price
 

Good luck hun, hope everything goes ok, it is a bit gutting though isn't it, all the blood and sweat you put in.

All the best, send any more interest our way !!

Donna.
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Re: Dropped The Price
 

I know how you feel hun, karma coming your way :wub: .

Donna
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Re: Dropped The Price
 

The media is drowning it at the mo, I agree. Somebody give the buyers a shuv !!

Re: Dropped The Price
 

Thanks Donna, I just wonder why it isn't selling, what's wrong with it?

I'm sure you feel the same. Ks for you too.:thumbup::wub:

Re: Dropped The Price
 

From how you describe your house, there is NOTHING wrong with it, it sounds beautiful !!

Re: Dropped The Price
 

Given that the current exchange rate is in favour of Aussies, it might be a good time to invest in the UK property market. You would be able to get some real bargains as people are desperate to sell.

Re: Dropped The Price
 

Yes I've been thinking that myself but I think I will wait for sellers to become even more motivated. Nothing better than a motivated seller for a bargin.

Re: Dropped The Price
 

A guy who works for me is a very successful property investor. He has at least 10 properties in WA and Qld. he is part of an investment club that is now looking at investing in property in the US as they feel there is money to be made there. Same could happen with the UK.

Re: Dropped The Price
 

If unemployment in the UK starts to go up then I think you will see some real drops in price. I have been reading predictions of 10000 + job losses comming up in the City this year. Will be interesting to see what that does to london prices.