Shallow Buyers
Posted: Tue 2 June, 2009 Filed under: 1BEM, Cynicism, Thoughts, Weirdness 4 Comments »Recently, I’ve been doing a fair amount of working from home, which also means I get to see some daytime TV – particularly the BBC morning stuff, as I’m still nowhere near chavvy enough to want to watch Jeremy Sodding Shitbag Kyle (to give him his full name) which seems to still have an unhealthy preoccupation with property.
One of these programmes, “The Unsellables” focusses on (as you may have already guessed) properties that aren’t selling. None of what they do is overly surprising – clean/tidy up, get rid of clutter, tart the place up, blah blah blah. And I understand all those things – up to a point.
But the points they make in this programme (and I’m sure in many others) are that people won’t buy a place if they don’t like the wall colour, or clutter, or – god help us – the furniture. Now I’ve repeated been accused over the years of being too harsh on people etc., but are people really that dumb/unimaginative that they can’t picture their own stuff in a house, or see that it won’t take much to change a place from scruff-tip to decent place?
I don’t know – maybe it’s to the advantage of others. I know that when we looked at the house we’re now in, it hadn’t been popular because it was so seventies, and there were a number of things that really needed doing to it. And maybe it was also because we were prepared to do that work, even though we knew it’d take time. (Admittedly, we didn’t expect it to take the 2+ years it’s taken, but there we go) But that work has left us with a place we actually like, and that has added significant value to the place – plus (I hope) making it far more sellable as and when we do decide to move on. Not that we’re planning to, you understand – but it’s still something to think about.
So for us it was worth looking past the seventies tat, the horrific ornaments, the vile carpets, the monolithic fireplace and the awkward bits of layout – and I suspect that now if we were to look at buying this place in the state it’s now in, we’d be looking at spending a significant amount more than we’ve actually put in to the place.
All of which brings me back to wondering what the hell these buyers on “The Unsellables” et al are really thinking (or not, as the case may be) when they see these properties and not liking them. After all, if the sellers are so desperate to sell, why not put in an offer that’s well under the asking price? Do some work – hell, even just some basic painting, cleaning, and moving stuff about, and the place would be back up to scratch for selling at the full price.
I must be missing something on this, but I really don’t know what…
I know exactly what you mean. And we were in exactly the same position when we bought this place 14 years ago.
Fortunately for us both, most people *are* very shallow when it comes to looks and imagination. That applies to property as well as to judging ‘books’ by their ‘covers’…
Buyer’s fall roughly into two categories – the types who can see past the current condition at the potential (like yourself, and like me – I’m still working through our place room by room 4 years on from buying it), and the types who just want somewhere they can move into with the least amount of extra work.
I reckon the latter completely outweight the ‘visionary’ types, which is why, yeah, if you want to sell your place you’re going to stand a far better chance if you do some work on it – like making it as neutral as possible so folks can imagine how they’d make their mark on it.
That I can totally understand. what I Can’t understand, is why it takes a TV programme to get through to these fuckwits that all they need to do is tidy up their crap, paint the walls cream and stick a hanging fricking basket by the front door.
Are sellers really that stupid that we’ve got enough fodder to keep these banal programmes going for as long as they have?
In short, yes.
If you’re buying, it’s not generally a choice between an ‘unsellable’ and nothing, but a choice between several properties.
In many situations it isn’t as simple as buy a rundown place and do it up, because of financing. Admittedly, I haven’t bought in ages but I guess it’s easier to get a mortgage for less than 100% of the price of a property than to get loads on top for re-doing. And lots of people can’t bear the time and stress of refurbishing.
But those that can’t look beyond furniture and knick-knacks are idiots and their own worse enemy.