To those selling in these difficult times

geoffky

pawpurrs wrote: »

Lisa how are you doing?
No viewings booked in here yet. Went to see a clairvoyant and she picked up that I was trying to sell my house, and said I would get a buyer soon, and not to reduce too much, as there was someone out there who would pay the new asking price:eek:
She also picked up other things that were amazingly accurate! I gave nothing away so it was truly amazing!

christ you are desperate.....i can see in my crystal ball too and its not looking good on the market front:rotfl:

please have a look here it will save you lots of money http://skepdic.com/coldread.html

Davesnave

moneysavingfamilycomp wrote: »

this thread is a bit like the lottery lol you check each day to see if anyones won. one of us has to have our numbers come up soon. well drives nearly finished and it does look lovely and im off work week after next so im going to do all the decorating (she says) then ring EA. just hoping something positive comes from OHs interviews next week.

A bit more chance of selling than a big win on the lottery, surely? House buying/selling has been a bit of a lottery itself though in recent years. A case of sell for as much as you can, then grab something quickly, before somebody else does, or the prices rise. It's easy to do something daft in those circumstances.

Thinking about it, the situation now may be dire in that the market has seized up, but in other ways it is more manageable. We want to move to a new area, but if places had been selling at mid-2007 rates, there would have been no option to take time out.

Now, DW and I are so certain that the market is heading back to 2002, we don't mind renting for a bit, until we get the deal we want. We've seen falls this year, but mostly nowhere near what we've accepted to achieve a sale, so there's another reason for biding our time.

It is still a gamble, lottery, call it what you will, that our belief in the new economic realities will pay off, eventually delivering the sort of property we've wanted. That's still better than the 'racing certainty' in the last few years that the market was outrunning us!

Hope the interviews go well for OH, and for you with the brush & magnolia.

illmonkey

I will be putting our flat on the market this week.

Completely the wrong time of year/decade but want to get a bigger place so am giving it a go.

Fingers crossed here

pawpurrs

Welcome to the thread illmonkey, you never know you could be lucky. I thought I was when I got a buyer the first week it was on the market, untill they pulled out. Keep hoping that some one will come along soon.
Hoping for some calls today from the advert, who knows.

jvcmonkey

I think you have just got to hang in there.

Our house was on the market for 7 months had 1 viewing in 6 months and then 8 all in one week. Sold it for 10% less than the asking price.

We got what we paid for the house and in this current climate thats not bad.

If I hadnt sold by the end of the year i was going to offer 5/10% off for first time buyers just to shift it.

Good luck all.

pawpurrs

How come 8 viewings all of a sudden, had you just reduced the price?
I have had ten viewings now, been on four weeks, if you take out the time it was off the market for my timewaster.:mad: So averaging two a week.

jvcmonkey

Havent a clue with the 8 viewings? It was weired because I actually thought I was in the stronger postion for change! I was speaking to the estate agent and apprently it is up generally in the village I live in.

I think there is 2 reasons. Firstly the schools, people want to get in the area for the new intake in January, and secondly private investors wanting to buy houses to rent, and get their money out of the banks.

pawpurrs

When was this then? Is it going through at the moment? When did you buy it,if you say you got back what you paid for it?

Transalper

After having my 1 bed flat up for sale for six months I am now into the 9th week since someone put an offer in. I put it on the market in March at a time I thought was before all the credit crunch had took off in a big way. I had a few viewings within the fist couple of weeks and was very optimistic, there were a few similar properties selling in the area.
I have no chain involved in this because I’d rented it out for the last 6 years, but having gotten fed up with dealing with tenants, (some good , some bad) decided to sell and invest the money somewhere else. This flat should be an advantage to first time buyers with this property the lowest priced (81,900) in Staffordshire almost. I even decided to leave in the furniture for the buyer if necessary.
After the initial downturn of the economy with fuel and food prices moving up at great speed, the media news was doom and gloom about house prices. I had only 2 more viewings in 4 months, the first put in a low offer but hadn’t even started to sell their own house so that was a No- No from the start. The second, a young couple liked it but said we are going to wait to see what the market does, Great! :mad: I then dropped the price to £79,950.
I got a second estate agent involved now, and made sure it was a “winner takes all” commission on sale. The first agent kept leaving it out of the newspapers week after week and promised me an editorial which never happened. After a few weeks more I demanded the key back. Then low and behold, the next day the same agents said they had a viewer. Even more bizarre 2 days later they had another. My first instinct was “hmmm, this is a set up” but even more strangely they both put in an offer lower than the asking, but reasonable. The agent was now getting excited and at last earning their commission had them bidding against each other. End of Aug offer accepted, Hurrah!
The whole process of conveyance between the “legal professionals” has got no quicker since I sold a property 10 years ago. I thought with the advantage of fax’s, email in these advanced times, and me paying to have that (sorry I have to spit before I say the words) Home information pack, would mean quicker turnover. Not the case, no quicker at all!.
The buyer had got a mortgage in principal when they put in the offer and the only hold up I had was because the flat was leasehold the buyers solicitor needed to supply lots of questions to them that of course I had to pay for (£140) That all thankfully went through quite quick. The latest news is that it has just been over the 6 months since the (Grrrrrr!) HIP was done and the searches have now expired. I don’t know this is correct, has anybody else had this happen? I thought the whole HIP lasted at least a year.
Now I’m still getting paranoid:eek: when I switch on the TV every day and listen to the news of further doom and gloom and further dropping house prices. One of my friends had a buyer pull out at the last minute and had to pay solicitors fees even though he didn’t sell.
So even when or indeed if, you get an offer,sorry, the agony is not over. I will let you know if it go’s through to completion, it should be this week but I said that 3 weeks ago. My observation and conclusion is;


The whole house selling market procedure wants a good firm kick up the !!!!!!

jvcmonkey

its going through at the moment, hopefully should be in in 4 weeks time. I am crossing all fingers it will go through.

Bought the house back end of 2005, paid £183k put on the market march 08 at £205k, got £183k for it