To those selling in these difficult times

pawpurrs

Its not that Lisa, but I would worry that One the chain would stay together and be prepared to wait for them to start the process all over again, and 2 that they wouldnt play all sorts of funny buisness again.
They may not offer wait and see.

lisa-loves-cats

ok yes, let's wait and see, like you said, no offer on the table yet...

IF and WHEN there is one, i will have to see what their position is....

will keep you posted, as have a feeling i could be needing as much advice and opinions on this...

Davesnave

Well, couldn't have had a more perfect day to show people round as it was wall to wall sunshine and both neighbours were away! Mind you, my main selling point, beyond the fact that it's up-together, is that the city centre is walkable in under 20 minutes, yet you can close your eyes and imagine it's the countryside.

Anyway, at least both couples showed up. The second pair were very keen and we had the usual, 'We'll get back to you as soon as we find a buyer for ours.'

The other pair thought another house almost a mile further out would suit them better because it was cheaper. That was honest, and I appreciated it, especially when I learned that the 'other house' belongs to one of our keenest potential buyers!

We'll see.

Lisa, our third buyers were like that; carried on viewing after they'd haggled over the price, beat us down, got us to throw in extras etc. They were actually after a different school catchment area, and I can understand that as co-ed here is hard to get, but if that was a basic, they shouldn't have considered ours. (Ironically, because I have a determined daughter, both my kids went to that co-ed school anyway!) Nevertheless, they were perfectly good buyers for someone else, and so may yours be. Just don't trust 'em!

Monty, it's a buyer's market, and people do try it on at the last moment, but I guess you were 'happy' if you achieved your objective. Yes, it is better to rent at the moment and that's what we'll be doing if we sell, though not where I intended - DD2 has just started a course at the local college so we shall be in this area for a while yet, regardless!

Fishmilk

put our house on the market in march 2008 had 4 viewings in april, 1 in may. Dropped the price by 15k and then nothing til september when we have had 1 viewing. No offers tho and now little hope it will sell.

westv

Fishmilk wrote: »

put our house on the market in march 2008 had 4 viewings in april, 1 in may. Dropped the price by 15k and then nothing til september when we have had 1 viewing. No offers tho and now little hope it will sell.

£15k from what?

lisa-loves-cats

Fishmilk wrote: »

put our house on the market in march 2008 had 4 viewings in april, 1 in may. Dropped the price by 15k and then nothing til september when we have had 1 viewing. No offers tho and now little hope it will sell.

what did you have it on have originally?

we have had to drop our house price a total of 30k from 220k which is quite a chunk, to generate any interest and viewings, price is key in this market

GDB2222

Fishmilk wrote: »

put our house on the market in march 2008 had 4 viewings in april, 1 in may. Dropped the price by 15k and then nothing til september when we have had 1 viewing. No offers tho and now little hope it will sell.

Houses become stale once they are on the market for a while. If you want to sell, you should take it off the market for the time being, rather than leaving it on the market as a no-hoper. You can bring it back on again in Feb/March and it will be fresh again.

Estate agents work on the principle that they put most of their energy into new instructions, because most of their sales come from properties that have only been on the market a few weeks - up to 4 weeks in usual market conditions, maybe slightly longer in current market conditions.

pawpurrs

Still waiting for survey to be booked in here, and getting increasingly nervous about it all.
Wish it would hurry up and be booked in.
Any one else got any updates?

Optimisticpair

All going more or less as planned here. Everyone seems satisfied that they are getting what they want at a reasonable and affordable price.

Exchanged on our sale 2 weeks ago and we complete on Fri 26th.

Awaiting some documents for our purchase.

Key has been being able to offer our respective properties at a competitive but fair price, selling at a realistic price and staying committed to the transactions whilst giving and taking a bit.

lisa
I would be very worried if my potential buyer was pulling out of a purchase just because they've spotted a better bargain. If they are changing their mind to avoid the risk of not being able to pay a larger mortgage than they can afford, if one wage was lost and interest rates went up to 12%, it would make me feel a bit easier. Can you afford if a buyer jumped ships to have paid out for costs of buying your next purchase?

Davesnave

GDB2222 wrote: »

Houses become stale once they are on the market for a while. If you want to sell, you should take it off the market for the time being, rather than leaving it on the market as a no-hoper. You can bring it back on again in Feb/March and it will be fresh again.

Estate agents work on the principle that they put most of their energy into new instructions, because most of their sales come from properties that have only been on the market a few weeks - up to 4 weeks in usual market conditions, maybe slightly longer in current market conditions.

Normally sound advice, but there's no stigma about being on the market a long time at the moment - everyone knows the score. If you come off now and delay till next year you could lose serious £££. Admittedly, when you get to November without a sale it might be wise to give it a rest then, but now is too early.

And despite the doomy TV programmes this Monday, things are definitely warmer round here, with another 3 viewings coming up, one of them second timers.