Playing hard ball with Bellway! Advice needed!

emam

Thanks for your encouragement Doozergirl, will make them a cheeky offer tomorrow! Hell, they can laugh and say no!!

emam

Hi SouthCoast, yeah have read alot about Bellway on here! Most info seems to be from early-summer 2008, when the doom and darkness had not really set in!! Was just wandering if anybody had some recent tales of how desperate they are and what deals they were prepared to sanction!

Doozergirl

emam wrote: »

Thanks for your encouragement Doozergirl, will make them a cheeky offer tomorrow! Hell, they can laugh and say no!!

Go you! LOL!

:T:T:T

emam

Okay after much deliberation, we told bellway ages ago that we were not going to accept 160k. So after settling ourselves we decided to change our estate agents. New EA's are booked in for the weekend. Then Bellway phone today 'for a chat'. They wanted to see what we would accept. I told them an identical house to ours was sold 3 weeks ago for 182k; 3g over our asking price, this is what has prompted our decision to switch EA's! The estate agent who did this deal had let slip this info to me, so I said we were looking for as close to our asking price as possible. The bellway lady left to research whether the selling price was true!
She has just phoned to say that they had sold for 182g, but stated how they cannot go above their valuation which is 175g. They have offered us 170 with 15g off each house!
What should we do? keep to our original plan and sell independently knowing that we could get bigger discounts; or snap her hand off and go part-ex?
This house selling lark is beginning to do my head in!!!
thanks in advance
emam

AMILLIONDOLLARS

Have you seen this thread

http://forums.moneysavingexpert.com/showthread.html?t=835765

AMD

GDB2222

emam wrote: »

Okay after much deliberation, we told bellway ages ago that we were not going to accept 160k. So after settling ourselves we decided to change our estate agents. New EA's are booked in for the weekend. Then Bellway phone today 'for a chat'. They wanted to see what we would accept. I told them an identical house to ours was sold 3 weeks ago for 182k; 3g over our asking price, this is what has prompted our decision to switch EA's! The estate agent who did this deal had let slip this info to me, so I said we were looking for as close to our asking price as possible. The bellway lady left to research whether the selling price was true!
She has just phoned to say that they had sold for 182g, but stated how they cannot go above their valuation which is 175g. They have offered us 170 with 15g off each house!
What should we do? keep to our original plan and sell independently knowing that we could get bigger discounts; or snap her hand off and go part-ex?
This house selling lark is beginning to do my head in!!!
thanks in advance
emam

1. Part-exchange is helpful, because it is often difficult to match your chance to sell against the availability of the house you want to buy. So, the part-ex offer is worth a bit to you (as well as saving you EA fees, etc.)

2. I really haven't seen the sums from you that you really need to make, but here is an example worksheet :

Net value of my house if sold privately = £170k, net of all fees (or £165k, or whatever it is).

I am paying Bellway £XXX in addition to giving them that

So, I am actually paying Bellway £YYY for the house


I reckon the true value of Bellway house = ??? (based on actual sale prices for comparable secondhand homes)

I reckon the convenience of part-exchange is worth an extra £ ??? to me

So, the value to me of the new home = £??? + £???