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To those selling in these difficult times

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Comments

  • pawpurrs
    pawpurrs Posts: 3,910 Forumite
    1,000 Posts Combo Breaker
    How annoying justp, it is annoying when they give all the signals, I have had one like that! And then offfered on something completley different!
    Fingers crossed the price drop will bring you a buyer, sounds like it may.
    May be this Dr will come up with the goods.
    Pawpurrs x ;)
  • rs82uk
    rs82uk Posts: 154 Forumite
    Hi all

    Well we heard back from our EA at the weekend re the cash buyer that said we were at the top of their list and are very interested - they were saying this for 3 weeks! Anyway, got a call from the EA on Sunday to say they have now decided to wait until after Christmas to see what the prices do!!! GREAT!!! Thought we had found our buyer, its so annoying that they keep you hanging on for 3 weeks giving you all the right signals then decide to wait!! :mad:

    Spoke to the EA and have dropped our price AGAIN to the lowest we can drop to now, last year we was on at 249,999 recieved an offer from first viewer for 245,000 but didnt take it as was heavily pregnant with my son and they were in a rush and we hadnt found anywhere - am kicking myself now.

    Anyway after dropping to 235,000 then 217,000 we have now dropped to 199,995 :eek: , we bought our house 4 years ago for 228,000 :eek: so we are losing whatever happens now.
    We need to sell tho and i have my heart set on another property, i am expecting again and am nearly 6 months gone so want a buyer asap.

    Had a viewer yesterday who was a Dr and was very keen and said they loved the place, he asked if there was any budging in the price - i explained that we are losing already from what we bought it for plus the work we have done to it and he said he aleady knew as he checked out what we paid for it on Rightmove!! I asked what price he was thinking of to which he consulted his wife who spoke very little English and he then said 175,000!!! :mad:
    I said there was no way that i would go this low (cheeky gits) as the house we want to buy is 250,000 they said that if i would accept 175,000 they would do the deal now!! I thought yeah im sure alot of people would bite my arm off for that deal too but there is no way!
    I said to him the lowest would probably be 190,000 and he said he would go away and think about it and let the EA know.... even 190,000 seems too low to me :(

    We have another viewer on Saturday which hopefully will go well and im hoping we get some more viewers booked in too seeing as we have dropped the price.

    Sammie x

    Its going to be tricky selling around 180k-190k now that stamp duty rules have changed again, everyone will want to pay 175, I think alot of people have decided to wait till next year now, we have just done so after finding somewhere we liked, but I do think its bad they kept you waiting for 3 weeks before telling you, we told our possible vendors within a couple of days.
    Making money online in 2009 to date earnt:
    Since January 2009
    £35 Searching for stuff
    $11 Clicking on stuff
  • mishmash
    mishmash Posts: 371 Forumite
    Part of the Furniture Combo Breaker
    Ooh got a viewing booked for Saturday, hope my plan works.

    Good luck the rest of you xx
  • puddy
    puddy Posts: 12,709 Forumite
    davsidipp wrote: »
    hi jenner we will be putting ours on the market next month live in nrw eltham so fed up with south london have been looking at east and west sussex.we are all guilty of racking up debt so dont feel bad.the hardest thing for people to take is their houses are not worth what they thought they were so it takes a long time to sink in for some but watching this slow market should shake people up.we have a 4 bed detached and there is not a lot of those at the moment so are keeping our fingers crossed as one has sold within 4 months in our road although it was 2 bed newish property ours is 1945 any how just wait and see.


    i know, when he said 180 on the phone yesterday, i gasped out loud!!!! as i think i said somewhere else, there are people genuinely suffering in the world, just being not able to sell or not having as much for a pension as i thought is not the end of the world. i worked out on some online calculator that in order for me to retire in 20 years time, which is want i want to do, i need to be putting 450pm into a pension, thats the same amount that i pay on debt at the moment, so as long as my debts are cleared, i can reuse that money to pay the pension. i just would have liked an extra pot for savings as i have non of them either!!!
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pawpurrs wrote: »
    How is your sale doing Dave? Getting there?

    As far as I know....At the moment no news is good news. Not expecting exchange till early December and completion just after New Year.

    Heard from our earlier agent that a buyer they introduced is now sold and able to proceed, but they have less money than the people we're with, so no chance of any gazumping!!!
  • pawpurrs
    pawpurrs Posts: 3,910 Forumite
    1,000 Posts Combo Breaker
    Nailbiting time then Dave!
    Got another viewing for Saturday, so thats two for saturday now, no feedback from the viewing today yet.
    One of the viewers from last week is still pondering.
    Pawpurrs x ;)
  • Hi all


    I asked what price he was thinking of to which he consulted his wife who spoke very little English and he then said 175,000!!! :mad:
    I said there was no way that i would go this low (cheeky gits) as the house we want to buy is 250,000 they said that if i would accept 175,000 they would do the deal now!! I thought yeah im sure alot of people would bite my arm off for that deal too but there is no way!
    I said to him the lowest would probably be 190,000 and he said he would go away and think about it and let the EA know.... even 190,000 seems too low to me :(

    We have another viewer on Saturday which hopefully will go well and im hoping we get some more viewers booked in too seeing as we have dropped the price.

    Sammie x

    I just wanted to point out a couple of things - firstly you have it in mind that you won't accept £175K because "the house we want to buy is £250K" - unfortunately what you will be paying for your new house has absolutely no bearing on how much you can ask for yours. The crux of the matter here is that you may have to lower your expectations, as will many people - living above & beyond your means is no longer an option.

    Tough to face, but people need to get their heads around this fact.

    Secondly, you are chasing the market down - you could have had £249K or whatever but didn't take it - in 6 months or so you'll be looking back saying "if only we'd taken that £175K"

    The economy is goosed - get ready for some big problems as hedge funds, pension funds, & maybe even banks go bust. Many firms & banks are effectively bankrupt already, things are going to get much, much worse.

  • I said there was no way that i would go this low (cheeky gits) as the house we want to buy is 250,000 they said that if i would accept 175,000 they would do the deal now!!

    You might struggle here as the new stamp duty threshold if £175k
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pawpurrs wrote: »
    Nailbiting time then Dave!
    Got another viewing for Saturday, so thats two for saturday now, no feedback from the viewing today yet.
    One of the viewers from last week is still pondering.

    No nailbiting. We have been in this position three times before and we've realised that there's nothing we can do to influence things, other than making sure the legal stuff is in order. Indeed, if our lives hadn't changed, or needed more change, I'd have been happy to spend another 5 years here.

    We saw a property online that we could easily fall for today, and at a sensible price, but the truth is that we don't know exactly what we want now. In 2007, thinking something like this recession was approaching, we planned to go to Wales and become partly self sufficient, but events have overtaken us. As we shall be in Somerset for at least another 7 or 8 months, we are still able to jump either side of the Severn Bridge when the time comes.

    You are certainly clocking-up those viewings! Let's hope the ponderer returns next week too. I have had one of those; they aren't necessarily a waste of time. Having time out to think &weigh it all up is the way some people operate, and it's probably effective for those who want to keep emotions out of it.
  • I just wanted to point out a couple of things - firstly you have it in mind that you won't accept £175K because "the house we want to buy is £250K" - unfortunately what you will be paying for your new house has absolutely no bearing on how much you can ask for yours. The crux of the matter here is that you may have to lower your expectations, as will many people - living above & beyond your means is no longer an option.

    Tough to face, but people need to get their heads around this fact.

    Secondly, you are chasing the market down - you could have had £249K or whatever but didn't take it - in 6 months or so you'll be looking back saying "if only we'd taken that £175K"

    The economy is goosed - get ready for some big problems as hedge funds, pension funds, & maybe even banks go bust. Many firms & banks are effectively bankrupt already, things are going to get much, much worse.


    Hi ya

    Yeah i know what price we sell ours for has no bearing on what we pay for the new place, i am hoping to to get the new place for around 230,000 so a drop of 20,000 there too.
    I cannot market mine any lower, as i have said already i am losing 28,000 from what we paid for it already marketing at this price which is a kick in the teeth in itself but i have no other choice. I just hope the prices dont drop even further as we really cant afford to drop ours anymore.

    If they do drop further then we will just have to stay put i suppose for the time being and miss out on the other place.

    Lets hope our viewer on Saturday is the bearer of good news!

    Sammie x
    Starting to do the odd comp ;)

    Nov wins :D = 2 x tickets to celebrity footie match, peroni ice bucket
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