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House Price Crash forum > House Prices > Market psychology
niksimms
I have an house valued at £165,000

What would make people view the property.

Do I put £165,000 and get no viewings

Do I put 'In the region of £160,000' or

Do I put 'In excess of £145,000'

Will the 'In excess' thing make you view the property?

Cheers
Nik
ScaredEitherWay
QUOTE(niksimms @ Jul 31 2007, 09:42 PM) *
I have an house valued at £165,000

What would make people view the property.

Do I put £165,000 and get no viewings

Do I put 'In the region of £160,000' or

Do I put 'In excess of £145,000'

Will the 'In excess' thing make you view the property?

Cheers
Nik


£165,000 - otherwise I think you are going to mess about with the price later if I make an offer. When I buy I like to know the price. I never look at "in excess of" - it annoys me. "in the region of" I think you will still want to be greedy,

I'd prefer to see your price, then if I like it make an offer.

graham
Hello everyone,

When we are looking for new homes the price is probably not the first criteria that is considered. A well presented brochure and accurate discription is the best place to start. If working through an estate agent ring them on a weekly basis for an update. Ask for proof of advertisement and interest.
Most people now are making offers up to 10% below the asking price so be aware that you will be faced with some negotiation on price.
Finally location and demand are key factors in the market, check how much other properties have gone for in the area.
graham
QUOTE(niksimms @ Jul 31 2007, 09:42 PM) *
I have an house valued at £165,000

What would make people view the property.

Do I put £165,000 and get no viewings

Do I put 'In the region of £160,000' or

Do I put 'In excess of £145,000'

Will the 'In excess' thing make you view the property?

Cheers
Nik

Hi I have view thousands of properties and the best start you can get is with an accxurate description and a pro active ea. Keep the ea on their toes by asking for weekly updates and forth coming advertisements. Buyers are regularly bidding 10% below asking price so be prepared to negotiated. Check recent house sales in your area and set your price in line with the findings
Chris_86
QUOTE(niksimms @ Jul 31 2007, 09:42 PM) *
I have an house valued at £165,000



Make sure the EA that valued it is somewhere near right, check out what similar house have sold for in the area on nethouseprices (you be suprised how many EA's don't even bother with this and will just look at asking prices in you area).

A good pro-active agent is going to get more viewings at sensible money that a poor agent with it on cheaper.

A friend of a friend put there flat on with a local agent i advised against (they went with them as they had the lowest fees) anyway, 3 weeks later - still didnt even have a pic of the property in there window! i called the office out of interest 5 weeks in to be told they had nothing in that area for that price!!! The days of easy sales are long gone (in my area anyway).


PS_ i have found puting it in at sensible price and offers over £xxx,xxx is the way to go.


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