We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Selling at auction
Comments
-
Very possibly but I don't think I am being unrealistic. The last similar flats to sell sold for £48,000 and £55,000 and both were above ground floor without gas central heating. Mine is ground floor, GCH, DG and recently refurbished. There is a similar first floor flat for sale at the top of the street with an estate agent at offers over £52,000. I am asking for offers in the region of £45,000 but need about £42-43,000 to enable me to move. So far the highest offer I have had is £40,000. I may well have to take it and find an alternative source of the extra cash. Will be difficult but do-able.
Do you have experience of buying/selling at auction and what my chances might be of getting the sale price I need?
If you are trading up from £50k, you are in an excellent position. Do you have to make a hasty decision?0 -
Well I have almost completely made up my mind about buying a house I have seen but I don't want to put an offer in on it until I am more certain that I will sell my flat for enough to cover my deposit and fees. I have other sources of funding but would rather leave them as emergency sources. As you can imagine, I am needing a much bigger deposit this time round the way things are. But yes I do want to sell/move as quickly as possible because I will, literally, go mad if I have to stay in this shoebox, flat and area, for any longer than I have to. And if the market is going to drop again next year, I may not be able to get enough money to move for potentially years and that does not bear thinking about, staying in my current property.0
-
Does this mean that you can have a go at an auction for only a few hundred pounds with a reserve set where you wish, or are there other costs?
It depends on the auction house - some may say (like some estate agents) that they will refuse the business if they feel you are being unrealistic£2 Savers Club #156!
Looking for holiday ideas for 2016. Currently, Isle of Skye in March, Riga in May, Crete in June and Lake District in October. August cruise cancelled, but Baby due September 2016! :j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards