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Apartment near Old Trafford - help me!

Last post Thu, Apr 02 2009, 11:35 PM by amateurmoney. 4 replies.
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  •  Thu, Apr 02 2009, 11:35 PM

    Re: Apartment near Old Trafford - help me!

    Hi

    I agree with all that has been said - but one line you may like to try is www.mouseprice.co.uk They offer a free online valuation with no strings - see how their valuation which is current compares with your agents

    • Post Points: 5
  •  Thu, Apr 02 2009, 9:56 PM

    Re: Apartment near Old Trafford - help me!

    Thanks for your comments and ideas. I am now thinking I am going to go for the dual agency option and lower the price to see what happens.

    I like your mystery shopper idea! May give it a few weeks and then get a friend to try that one!

    • Post Points: 5
  •  Thu, Apr 02 2009, 10:44 AM

    Re: Apartment near Old Trafford - help me!

    Unfortunately it is a difficult time to sell for everyone. The best way to attract buyers is ensure you offer good value for money. By this I mean you must be well priced in comparison to similar properties in the area and if you can you really want to be on lower than everything else. Trying to sell without an agent in todays market can be very difficult as there is obviously fewer buyers out there and lots of properties. Why not try joint agency and get an agent that covers a different locations or possibly a city centre agent. You can also mystery shop your agent by calling up or getting a friend to say they are looking to buy in the area and see if the agent promotes your property, sends out details etc. If not the agent might not be the best one to work with.

    Good luck with selling whatever you decide.

    • Post Points: 20
  •  Thu, Apr 02 2009, 8:02 AM

    Re: Apartment near Old Trafford - help me!

    The only reasonable solution is going to hurt.

    First time buyers are having a hard time obtaining mortgages and also a lot of flats (don't know how old yours is) have been sold at way over market value by the developers for a good 5 or 6 years since BTL became the latest "herd instinct" to follow.

    Unfortunately the valuers instructed by mortgage lenders agreed with these high prices and loans were granted far too easily.

    As mentioned I don't know if this happened in your case but Flat prices had increased by a bigger percentage than 3 or 4 bed houses during the boom period and now are declining also at a faster rate.

    If you have had no viewings it may be down to price or FTB's not getting a mortgage approved (3 out of 4 are being turned down) or simply buyers are waiting for the next wave of declines in property prices.

    I wanted to get out of property at end of 2007 and early 2008 and even then discounted the asking prices of my BTL properties by 5% from the norm. Maybe if you are really desperate to sell at this particular time you will have to make your flat more attractively priced to the buyers that are left. Sorry, this is a hard fact of life but Supply and Demand drive prices.

    • Post Points: 5
  •  Wed, Apr 01 2009, 9:38 PM

    Apartment near Old Trafford - help me!

    Hello,

    I am trying to sell my two bed apartment near Old Trafford. It is a fab flat in a great location, gorgeous development etc. It has been on the market for 3 months and has had no viewings as yet. I know its a bad time and all the rest of it but am frustrated by sitting back and relying on my estate agent to get viewers.

    Does anyone have any tips on how I can increase my chances of selling in these difficult times?

    • Post Points: 50