To those selling in these difficult times

pawpurrs

£285K is about the level its ok to be above stamp duty anything less and they allways try and get you down to the 250k mark, if the house has enough to offer above this level it will still sell. Its a horrid price bracket. Mine is in the same level, but I have reduced it down to below stamp.
Any of those offers acceptable?

jstallan

Strapped wrote: »

You're at a really difficult price point. Even if you're competively priced, I'd imagine most buyers would want to get in below the stamp duty hike threshold. Any chance you could accept £250k & concentrate on getting a good discount on the one you're buying?

To drop £35k within what is a week of being on the market is a massive hit... 6 months on it 'might' be a consideration.We have seen a property we like, but they won't entertain a £5k drop let alone something bigger.

Agree that we are at a difficult pricepoint - just have to be patient for a while....

Beki - Sorry to hear of your news - know how you feel.

Just been told we have another viewer tomorrow at 6pm :T

jstallan

pawpurrs wrote: »

£285K is about the level its ok to be above stamp duty anything less and they allways try and get you down to the 250k mark, if the house has enough to offer above this level it will still sell. Its a horrid price bracket. Mine is in the same level, but I have reduced it down to below stamp.
Any of those offers acceptable?

Whilst I know the EA is in the market to make money, we are listening to his advice. These guys are respected in our area, independent and been in the game for many, many years. Ultimately we can override anything they say - but it's not my profession. That's not to say we wouldn't be open to offers and if things were right in that we could find and negotiate a price on the property we buy, then we will accept offers.
While there are people who are 'desperate' to sell, we don't fall into that category.

Fully aware that declining a close offer could come back to haunt me, I'm pretty sure that accepting offers at £250k for our house would mean people queueing at the door trying to buy (hope that doesn't sound arrogant)

pawpurrs

You say you have had two offers allready this week, what sort of level have they been, nothing acceptable?
Good Luck with your viewings booked in, lots of interest so thats good.

jstallan

pawpurrs wrote: »

You say you have had two offers allready this week, what sort of level have they been, nothing acceptable?
Good Luck with your viewings booked in, lots of interest so thats good.

Now 3 offers - all at £35k less than advertised..

pawpurrs

So all at £250k? That pesky stamp duty bracket GRRRRRR, will none of them increase above it?

Strapped

I'd probably get the EA to sound them out about "splitting the stamp duty bill" or something...

pawpurrs

Its amazing what a bugbear that stamp duty threashold is, it makes properties that should be between 250-280 so much more difficult to sell, round here theres soo much on for 250k.

jstallan

pawpurrs wrote: »

So all at £250k? That pesky stamp duty bracket GRRRRRR, will none of them increase above it?

Well I'm not accepting the offers, so they will have to if they want to buy our house.... the buyer that dropped out (after 4 weeks) offered a significantly higher amount.

devilot

Oh no, so sorry Beki, have a stiff drink tonight, I know from experience you will definitely need it.:o

Then tomorrow, with a fresh pair of eyes, try to look on the positive side, they do say everything happens for a reason, I know I wanted to poke peoples eyes out when they said that to me when the sale fell through, but it turned out to be right.

Sending you a (((hug))).