To those selling in these difficult times

LouBlue

moneysavingfamilycomp wrote: »

just a quick question loublue why are you priced 18k over im not having a go but surely in todays market you cant expect to sell.

Believe me, its not because we don't want to drop the price. Our mortgage is £118k and the flat is valued at £100k. So we are just saving up to try and negate the negative equity, nothing more we can do at the mo. Just annoying when we get viewings, I know people won't buy it as it is overpriced, so why come round?

moneysavingfamilycomp

i sympathise with you loublue thats an awful position to be in im lucky in that i bought my house from the council 5yrs ago so my mortgage is low compared to the value. however i cant increase my mortgage by very much so we still cant drop price as much as id like. i hate preparing for viewings my house is clean and reasonably tidy (as much as it can be with a 15yr old boy in) but i still blitz it before a viewing so i end up spending hours cleaning and tidying for the sake of a 1/2hr viewing maybe im trying too hard lol. im determined we will sell this year though. positive thinking and all that good luck everyone.

QTPie

LouBlue wrote: »

Believe me, its not because we don't want to drop the price. Our mortgage is £118k and the flat is valued at £100k. So we are just saving up to try and negate the negative equity, nothing more we can do at the mo. Just annoying when we get viewings, I know people won't buy it as it is overpriced, so why come round?

LouBlue, why is it on the market then? Isn't it a waste of everyone's time (including yours)?

QT

domcastro

QTPie wrote: »

Speak to your agent, say that you ONLY want people who "at the VERY least" have their property on the market viewing your property - anything else is a waste of everyone's time and effort...

Good luck
QT

Don't dismiss them . The people I just bought off saw a house they liked before their house was even on the market. They put it on the market at a good price on the Saturday - I "bought" it on the Monday.

If their sellers had been fussy - they wouldn't have sold their house.

QTPie

domcastro wrote: »

Don't dismiss them . The people I just bought off saw a house they liked before their house was even on the market. They put it on the market at a good price on the Saturday - I "bought" it on the Monday.

If their sellers had been fussy - they wouldn't have sold their house.

Ok fair enough, BUT I think that the estate agent should ensure that viewers are SERIOUS (i.e. not after a Saturday afternoon looking other people's houses for decorating ideas).

QT

alm721

QTPie wrote: »

Ok fair enough, BUT I think that the estate agent should ensure that viewers are SERIOUS (i.e. not after a Saturday afternoon looking other people's houses for decorating ideas).

QT

I can't quite believe that people actually do this. Aside from how inconsiderate is, do people enjoy spending their time going and looking at others peoples houses? TBH I dont like viewing when buying! I feel like its a bit of an intrusion and would certainly never bother going to see anything I wasn't already very keen on as I value my free time too much.

LouBlue

QTPie wrote: »

LouBlue, why is it on the market then? Isn't it a waste of everyone's time (including yours)?

QT

That is a very good point. We put it on the market about a month before the prices started to drop last year, but obviously at the time, we didn't know how bad it was going to be, so we left it on, and kept reducing as it was valued at £140k when it went on, so we could afford to drop it, then before we knew it, it was £18k in negative equity, happened without realising it actually. I don't have a problem with taking it off the market, as long as I don't get stung for any charges from the EA and the Solicitor when we put it back, on, I suppose, haven't looked into it, but shall do.

QTPie

LouBlue wrote: »

That is a very good point. We put it on the market about a month before the prices started to drop last year, but obviously at the time, we didn't know how bad it was going to be, so we left it on, and kept reducing as it was valued at £140k when it went on, so we could afford to drop it, then before we knew it, it was £18k in negative equity, happened without realising it actually. I don't have a problem with taking it off the market, as long as I don't get stung for any charges from the EA and the Solicitor when we put it back, on, I suppose, haven't looked into it, but shall do.

I think that it would be worth your while to do that.... Check your contract with your Estate Agent: most have a minimum term that you have to stay with them (normally about 12 weeks), but after that you can pull your property off the market with no penalty (normally!). What has the Solicitor done for you do so far? Have you already paid for the HIP. Generally you don't pay Solicitors' fees until they actually start processing a sale... (which I assume that they haven't done in your case? No offers fallen through?).

I just think that it will probably save you a lot of grief, save the estate agent time and effort and any viewers heartache too (if someone really loves your property, but just can't afford what you are asking...). You never know you MAY be lucky, but it doesn't sound like even you are confident of that...

Look into it and let us know.

Good luck
QT

QTPie

alm721 wrote: »

I can't quite believe that people actually do this. Aside from how inconsiderate is, do people enjoy spending their time going and looking at others peoples houses? TBH I dont like viewing when buying! I feel like its a bit of an intrusion and would certainly never bother going to see anything I wasn't already very keen on as I value my free time too much.

Apparently so! Unbelievable isn't it? But some people are like that...

QT

LouBlue

QTPie wrote: »

I think that it would be worth your while to do that.... Check your contract with your Estate Agent: most have a minimum term that you have to stay with them (normally about 12 weeks), but after that you can pull your property off the market with no penalty (normally!). What has the Solicitor done for you do so far? Have you already paid for the HIP. Generally you don't pay Solicitors' fees until they actually start processing a sale... (which I assume that they haven't done in your case? No offers fallen through?).

I just think that it will probably save you a lot of grief, save the estate agent time and effort and any viewers heartache too (if someone really loves your property, but just can't afford what you are asking...). You never know you MAY be lucky, but it doesn't sound like even you are confident of that...

Look into it and let us know.

Good luck
QT

Been with EA since the beginning, a year now. Solicitors - we have had no offers on the flat......I wish! We have paid some money for them to do their searches etc which they have done, and we have paid for a HiP, which probably runs out now as aren't they only valid for a year? That's annoying, will have to pay for another one. How long are searches etc valid for? Hope we don't have to pay again for these things, never thought in a million years we wouldn't have sold in a year.

Thanks for the advice.