To those selling in these difficult times

Davesnave

Beki wrote: »

Does this sound like a fair offer to you?

I don't know your market, Beki, but if we assume that the £620k was a bit optimistic, like first valuations often are, then maybe £600 is a fair starting point. If you subtract 25% from that, you arrive at £450k, which I would imagine to be a very good deal in anyone's books.

I agree with devilot, don't sell yourself short.

Strapped

Beki wrote: »

Good luck Kymie! And well done Devilot

Our viewing went ok today. TWO estate agents turned up to do the accompanied viewing. The man who viewed said he liked the place, although the house was smaller than he imagined it to be

However, we've since spoken to the estate agent, who said that he's almost certainly going to put in an offer on monday. But it'll be somewhere between £395k and £425k. The house is up for £495k (after reducing it from £620k and then to £550k and now it's £495k).

We pretty much couldn't afford to take under the £425k but we might be able to take the £425 if the house we want will take a drop too.

Does this sound like a fair offer to you?

Impossible to say...without a link of course

Toshy_3

I have no savings and am looking to use the equity in the house I'm selling as the dposit on the new one. Hhowever, when I've bought before I had to hand over the deposit at exchange. I won't have the money for the new house till I complete the sale of my current house. Does this mean I won't be able to move until I save up or is there so jigging around that the bank/solicitor can do?

Sorry for what is probably a silly question but this could be a show-stopper for me.

Have my first viewing booked for tomorrow afternoon.

Good luck to everyone else! x

Beki

Strapped wrote: »

Impossible to say...without a link of course

ah, yes! of course! here you go (although it's rural scene, it's also advertised on rightmove under the 3 estate agents we're with)

http://www.ruralscene.co.uk/details/3052_KR904C.pdf

shirlgirl2004

Toshy wrote: »

I have no savings and am looking to use the equity in the house I'm selling as the dposit on the new one. Hhowever, when I've bought before I had to hand over the deposit at exchange. I won't have the money for the new house till I complete the sale of my current house. Does this mean I won't be able to move until I save up or is there so jigging around that the bank/solicitor can do?

Sorry for what is probably a silly question but this could be a show-stopper for me.

Have my first viewing booked for tomorrow afternoon.

Good luck to everyone else! x

I think from memory that you can use the deposit that your buyers put down as the deposit you put down. I'm not 100% certain though. I know the amount is negotiable because we didn't have the full 10% in cash last time.

Beki

Toshy wrote: »

I have no savings and am looking to use the equity in the house I'm selling as the dposit on the new one. Hhowever, when I've bought before I had to hand over the deposit at exchange. I won't have the money for the new house till I complete the sale of my current house. Does this mean I won't be able to move until I save up or is there so jigging around that the bank/solicitor can do?

Sorry for what is probably a silly question but this could be a show-stopper for me.

Have my first viewing booked for tomorrow afternoon.

Good luck to everyone else! x

don't panic - we thought the same thing when we sold our first house.

the deposit goes through the chain, so it's only the first time buyer who has to come up with the money

shirlgirl2004

Beki wrote: »

ah, yes! of course! here you go (although it's rural scene, it's also advertised on rightmove under the 3 estate agents we're with)

http://www.ruralscene.co.uk/details/3052_KR904C.pdf

Lovely house Beki. I'd buy it if it were nearer to where I was looking. I think £450k would be my minimum but I guess it depends on how much you want/need to move and how much you can get off your next property.

oldMcDonald

Beki wrote: »

ah, yes! of course! here you go (although it's rural scene, it's also advertised on rightmove under the 3 estate agents we're with)

http://www.ruralscene.co.uk/details/3052_KR904C.pdf

You have a lovely house:)

You have two kitchens! Do you actually use them both? I have never, ever been in a house with two kitchens! It sounds rather grand:D

Davesnave

Super house, Beki! Indeed, much nicer and more up-together than those I've viewed in the past year. It looks well-priced and I'd not expect to get it for less than £450k, bearing in mind the flexibility it has.

Strapped

I don't really know the Kent market, but I agree that it looks a lot of property/land for the price. I guess family buyers could be put off by the need to "knock back together" (not many families wanting a downstairs bathroom in the 3 bed side) but lots of possibilities, esp. if there is a holiday let market in the area. I'd agree not to sell yourself short unless you really have to...but equally don't miss an opportunity if you can secure the next place at similar discount.

ETA: Loving the white kitchen!