To those selling in these difficult times

Davesnave

Nikki wrote: »

Great news and even without any detail it sounds fabulous - a smallholding can't be anything but, I'd have loved one but it's way beyond my budget for the forseeable. Congrats and keep us posted on how things go.

I think smallholdings are many people's 'dream,' but the reality of being tied almost 24/365 to one place, plus the low income potential, can be sobering thoughts when contemplating a purchase.

And this place, though watertight and warm, is 'ripe for improvement,' so I assure you it was not a mega-budget buy.;)

pawpurrs

Do you think you got a good deal? I remember you saying most had not come down much? Which suprised me as I thought Wales had been badly hit.

rs82uk

Well we found a house we like in a good area that we have friends in.
We put in a cheeky offer to see what the vendors would do they said they could drop from the £132k asking price to £130k I thought they were just counteroffering so I upped my offer slightly thinking they would come back down a bit more but no was told the lowest they could go is £130k just it case they were trying their luck I put in another higher offer and again they said they wont go below £130k.
So have now told estate agent I wont go to £130k and if the vendor changes his mind and decides to negotiate to give me a call.
Aparently the vendor is desperate to move obviously not that desperate if they are only dropping 2k

jstallan

PP - given the 6-8 delay on survey, the agreement to keep yours on the market seems to have been a wise move.

We had a viewing on Saturday. Nice couple who are moving back to the area - her mother viewed our house 2 weeks prior on their behalf, so I suppose it could be classed as a second viewing. Anyway, the outcome was (after spending nearly an hr viewing - which I don't have a problem with) that they loved the house and everything it had to offer and want another viewing this saturday. Makes a change from a low offer!

EagerLearner

rsootarsing, same here - the property we half like has been on for 4 months and still no change in their asking price.
If I were them I'd be asking thh EA why no offers and reducing the price to at least get 1 x offer on the property.
I guess like you we could put in an offer but I'm reluctant to as their asking price is so far out, it'd take ages to get to a more realistic market price. Apparently these vendors are also desperate to move as have found a place they like, and as we are FTB it would be a good match.

However the not-priced-to-sell price means we're put off going near it for now, and will wait for a better deal either from them or someone else. The EA tried to get us to offer but when I gave her a ballpark, I also asked who set the asking price and she said it was the EA, so they're clearly not keen to budge from that so that their client will get an offer even though 4 months have gone by with no offers at all.

Your £130k sounds like a good price, but don't know your area or your deposit situation... maybe you are right to wait for a better price, could save a few grand waiting 2 weeks, the vendor may get in touch with you.

pawpurrs - 1 hour seems too far for us... although, I do travel 45 mins on the bus at the mo, do you mean 1 hour train or 1 hour bus or...?

jstallan

Did the EA say 'there have been no offers' ?

Why not just make an offer - it could be the feedback the seller wants inorder to make a judgement on the value of their property and initiate the chance to move on the property they want.

kymie

Do you mind me asking where you are Kymie? IIRC you might be near me (Staffordshire) and as I'm thinking of going on the market soon, I would like to avoid your EA![/QUOTE]

We are in Stoke. The reason we went with Reeds Rains was because at one point the in-laws were thinking of moving up here,and we got in touch with all the estate agents in the area and they were the only ones apart from one other (Your Move) who kept sending out details etc so we thought we would give them a try (Your Moves fees were really high and they were brutally honest with a 'I dont know if we will sell your property very quickly at all' making it sound like a lost cause!). I dont know if they have had a change in staff etc but there is just the manager and one other that I know of, so maybe they get bogged down with too much work There have been occaisions that I havent been able to get through on the phone from 10am til 4.30pm, but yesterday at 4.55pm I got straight through. Its just my experience with them, and maybe I havent been pushy enough, but that is changing :rotfl:

Davesnave

pawpurrs wrote: »

Do you think you got a good deal? I remember you saying most had not come down much? Which suprised me as I thought Wales had been badly hit.

Some vendors in Wales are deluded, or perhaps not really serious, but as the pricier landed properties there normally take much longer to sell than in England, the realisation that things have changed may have been slow to dawn. I could list a dozen or so smallholdings that are still at or around the mid 2007 price. Also, some are owned by elderly people, who've been encouraged to retire by other family members, but in reality they're quite happy with things as they are; they can say they're 'on the market!'

But this smallholding is in Devon, the vendor is motivated and, as it is a readily improvable 'ugly duckling,' it seems a very good deal. I didn't think we could afford Devon.

Wales is great too, though, especially for those who don't like the level of council control & intervention that is so prevalent in England. You just have to be selective about the area you choose in Wales, for both social, economic and environmental reasons, which I don't think I'll broach on here today!

pawpurrs

Devon is lovely, thats sounds wonderful, very jealous.

hookbeak

angryvendor wrote: »

In reply to your message Rohan, 22k below asking price is not a ''cheeky offer'' it is an absolute insult.

Did you consider that by offering such a low figure you just showed yourself to be wasting the vendors time.

Had you offered a reasonable amout for an initial offer there could have been some room for negotiation, however that is now not an option!! :(

It's not an insult, it's a business transaction.

To be personally affronted by a low offer does you no good whatsoever, and shutting out a buyer after they offer low is foolish in the extreme.

No one buying a house wants to pay a penny more than they have to, i want a property that is on the market at 239k, however when i offer initially it'll be for 210 - that's nearly 30k under (it is overpriced to be fair). I'm very willing to end up at the 225 bracket by the end of the negotiation - perhaps even as high as 230 if need be.

If they buyer shuts me out after the 210 offer however it'll stay on the market (it's been on 18 months) when if they'd just said "no thanks" they could have ended up with nearly the asking...