To those selling in these difficult times

moneysavingfamilycomp

aurora_borealis wrote: »

Mine's on Rightmove as of today.

Hypothetically, one we've seen has been on the market since April. Was £425K then reduced to 399K recently.

What would you offer in this falling market?

hi i would work out what percentage drop you would be happy to accept on yours then try offering that percentage drop on the one you want. if you would be happy with it chances are other people will be too. provided its realistically priced to start with ofcourse.

bootalishus

hi with our big guzunder do you think it is worth asking the EA to drop his fee from 1% to 1/2% (still getting a few K)?? Do they ever do this???

baby_fuzz

might be worth a try - as they need all the business they can get too...

Jorgan_2

bootalishus wrote: »

hi with our big guzunder do you think it is worth asking the EA to drop his fee from 1% to 1/2% (still getting a few K)?? Do they ever do this???

You can ask but I have a feeling I know what the answer may be. If you exchange contracts the EA has done their job, they have found you a buyer, the sums concerned may be less than you & the EA thought you would get, but you have still accepted the offer & exchanged.

Would you expect your husband to reduce his fee on a job if the clients circumstances changed?

justpgraham1

Hi All

Well, we heard back from the EA yesterday with regards to our viewer on Saturday and he told us they were in discussions about placing an offer on ours!!!:j Was told that they would call me this morning with the offer but i recieved a call at close of business yesterday with their offer of.....£172,000 :mad: :eek:
I cannot believe it!! my hubby went absolutely balistic when i told him, reason being we bought our home in 2004 brand new for £228,000 in 2007 we was on the market at £250,000 and had an offer for £245,000 but couldnt accept at the time as was heavily pregnant and the interested party wanted to move very quickly and we hadnt found anywhere...we had only been on the market a day! We are now on the market at £199,995 - taking a £28,000 loss already from what we bought it for - which with the current state of the market we would be willing to lose this amount and have to price realisticly but come on offering £28,000 under the asking price and losing the £28,000 on top means we would be £56,000 out of pocket :eek:

Obviously we had to decline the offer last night and were told that we would hear back from them again today with a revised offer but havent heard a thing as yet, just hoping they will come back with a half reasonable offer £180-£190,000 and thats still a kick in the teeth but surely they must realise that is still a blooming bargain!!!

Am mega gutted tho, they have sold theirs and they need to be out by January 16th, our new baby is due Feb 14th so would have been perfect timing to have moved into our new home just before the new baby arrives and have everyone settled.

I just hope they come back with a more generous offer

HOMEcycle

Just sold my property last month that had been for sale for nearly 18months (13 viewings 2 offers)…..
Originally the cottage was for sale for £215,000, with the clear instructions for potential buyers that they would need to install a bore hole for drinking water (existing well unreliable) at a further cost of up to £15,000 (money that I did not have at the time)

This additional ‘problem’ resulted in two buyers pulling out at last minute before exchange of contracts.

I decided three months ago to reduce the price down to 195,000 to include the cost of a bore hole and had an offer straight away. The bore hole only cost £4,500 in the end.

What I have learned from this experience is that you need to sort out any ‘outstanding problems’ relating to the property before finding a buyer.

amandajp_2

justpgraham1 wrote: »

Hi All

Well, we heard back from the EA yesterday with regards to our viewer on Saturday and he told us they were in discussions about placing an offer on ours!!!:j Was told that they would call me this morning with the offer but i recieved a call at close of business yesterday with their offer of.....£172,000 :mad: :eek:
I cannot believe it!! my hubby went absolutely balistic when i told him, reason being we bought our home in 2004 brand new for £228,000 in 2007 we was on the market at £250,000 and had an offer for £245,000 but couldnt accept at the time as was heavily pregnant and the interested party wanted to move very quickly and we hadnt found anywhere...we had only been on the market a day! We are now on the market at £199,995 - taking a £28,000 loss already from what we bought it for - which with the current state of the market we would be willing to lose this amount and have to price realisticly but come on offering £28,000 under the asking price and losing the £28,000 on top means we would be £56,000 out of pocket :eek:

Obviously we had to decline the offer last night and were told that we would hear back from them again today with a revised offer but havent heard a thing as yet, just hoping they will come back with a half reasonable offer £180-£190,000 and thats still a kick in the teeth but surely they must realise that is still a blooming bargain!!!

Am mega gutted tho, they have sold theirs and they need to be out by January 16th, our new baby is due Feb 14th so would have been perfect timing to have moved into our new home just before the new baby arrives and have everyone settled.

I just hope they come back with a more generous offer

I suspect the offer reflects the fact that stamp duty is now payable at £175k and they don't want to pay it. Having reduced our house in price by 60k since January (we're now the cheapest 4 bed detached on the market and £15k under what we paid in 2006) I do sympathise, but getting an offer over £175 may be difficult. I do however, hope for your sake you get the offer you need. Good luck. Amanda

justpgraham1

Hi All

Well heard back from the EA about an hour ago and they have upped their offer to £175,000 and increase of £3,000 - but we have declined this again, its just not enough! Am gutted all over again and hoping they will up their offer again and this time be a little realistic!

Heres hoping!!

rs82uk

Like the previous poster said I think the chances of getting any offers between £175,000 and £200,000 are nil these days.

joshiesaunt

hi justpgraham - with the benefit of hindsight it is such a shame you did'nt accept that very first offer even if the timing was a nuisance for you. I had to take an 11% drop when I sold my house recently and think I was actually lucky compared to a lot of people selling now! I think others are right in saying that the £175,000 stamp duty threshold will keep cropping up for you at the price you are on for. with house prices dropping weekly, are you able to swallow your loss in order to move on?