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Houses for sale , any interest ???

Posted by mabel56 - Created: 3 years ago
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10 replies (Showing replies: 1 to 10)

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Posted by kerguen - 3 years ago

http://www.bankrate.com/brm/news/mtg/20080417-housing-cycles-a1.asp

Housing market cycles - for example the above article.  Of course the housing market depends on the economy  which up to now has been cyclical - if america sneezed then europe caught a cold is a well known phrase.  I agree at the moment there are extra variables which are slowing the upturn and housing prices here are not likely to reach previous highs because of the governments decision to encourage new builds to keep prices down and the extra taxes.  The point I was making to the original question was perhaps it may be better to take the house off the market just for a few months and try again perhaps with new advertisers such as le bon coin after a short break.  Personally we find it more economically viable to stay here at the moment than drop the house to ridiculous levels - I realise other peoples needs are different and they may have to sell quickly.

 

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Posted by vivaofsnape - 3 years ago

Housing markets are not cyclical they are driven by supply and demand. Do you think London house prices are cyclical? Demand is driven by economic factors which again are not cyclical. One might think that with the £/€ exchange rate being back to 2004 levels that Brits would be coming back into the market, but  the  poor state of the €  is a major factor preventing investment in European property and it looks set to get  worse. Brits are scared of putting their money into a basket case economy or indeed one where house prices are falling. Would you buy a house in Greece? No,well then add to that Portugal, Italy, Spain and France.  With Greece refusing to pay back the money it borrowed it is setting an unprecedented action for a European country and I fear the housing market is likely to suffer further as a result.

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Posted by kerguen - 3 years ago

 2 years ago just after the house went on the market - we had an offer from a brit (who messed us around trying to reduce the price through all sorts of ploys after we had accepted her initial offer) so we eventually pulled out of the deal, in the meantime we turned down a slightly lower offer from a french couple who had come to see it before she offered.  Since then have had quite a few viewers round ( and lots of inquiries, as was on with finistere properties too) and during this time have had a couple of people really interested but they plumped for another house or have had to sell theirs first  - slow market here and so much choice around!

As we aren't desperate to sell,  we have decided to take the house off the market - we can't afford to drop the price any more and still buy back in the UK so have decided to stay and continue to enjoy Brittany with the exchange rate in our favour again.  Housing markets are cyclical - we just have to wait for the upturn.  I feel it is just after the house goes on the market when it is your best chance of selling, after people have seen it on web sites for a while,  interest wanes.  

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Posted by scr-428717 - 3 years ago

We have sold through friend of a friend but, prior to that, had just signed with ARB French Properties.  You do pay for marketing but got immediate responses and viewings.  Would recommend.

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Posted by pilot-425170 - 3 years ago

Always a very difficult subject because as one poster has rightly said location is all important' having said that two Brit friends put their properties on the market 6 weeks ago and both have sold at the asking price, so like I say it all depends on location, and a decent agent.  Good luck

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Posted by grannydot-403561 - 3 years ago

How many Brits have noticed how much the ex rate has gone up in our favour. It has risen so quickly. To us it is good, let's hope it stays up there for a while.

 

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Posted by salsachica - 3 years ago

Have you listed it on the local notaire's website and notice board? Cuts out the agency fees and the notaire's fees are a lot less.

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Posted by mabel56 - 3 years ago

Thanks everyone for your interesting comments , we will keep our fingers crossed , and well done to those who have sold !!!!!

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Posted by enthuisiasm - 3 years ago

Try advertising Le BonCoin

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Posted by Davey1200-433468 - 3 years ago

Do not forget to market it for the correct price.

Too many Brits overprice. Get at least three Agents to give you a selling price, then average these prices out. But even then  be prepared to reduce.

The correct price is what somebody is willing to pay for it. Not what you would like to get or even what you paid for it.