To those selling in these difficult times Part Deux. AKA sellers support network!

TheBrutalTruth

heygringo wrote: »

Good Gawd, just who do these people (viewers) think they are?

Your customers

We put our property on the market at 10K below the EAs valuation, & sat back. Nothing, zero, zilch.

Your property was clearly overpriced. If it was standard for the area, the area is overpriced.

Because we can afford to, we have dropped it a further 10K & have therefore apparantly brought in a further 42 people in the new price range. (EAs jargon)

So 20k off the original valuation. What was the original valuation?

Had a guy round this weekend who couldn't wait to get to the EAs office today, as he was delighted with our property. He then put in an offer :eek: to the EA, who refused to relay it to us, as it was an insult, (their words) When I said I was sat down, & so not too far to fall, they told me the offer was a further 15K lower :eek::eek::eek: The manager told this chappie that if he thought he could get a similar property at his price, he was wasting his time in most, if not all, EAs offices.

It is hard to know how lowball this is, if we don't know the price it is currently on for.

If this clown does come back:rotfl: & somehow gets back to the price printed on the brochure, he'll now find that the appliances that we said we would be leaving for him, now come at a price.
What a jerk!

You want to sell something. Someone has given you an offer. What's the problem? You need to take your ego and emotion out of the equation. There is no law saying the property must be sold for a certain price. You can always tell the EA you don't want to hear of offers below a certain price.

Our next door neighbours bought their property by repossession app 18mths ago. So it would seem, this joker has looked a property prices in our area over the last 2yrs or so, seen the repo price & thought he could get ours for the same amount. Like I said, what a jerk.

What was wrong with the repo? Was it smashed up? On what grounds can you say your property is better than the repo? Just because it was repo'd doesn't necessarily mean it was trashed.

Look at it from your customer's point of view. We have just come out of the worst recession since WW2 with further pain to come in the next Parliament. The country is bankrupt. No-one can get financing. You are finding it hard to get people through the door, let alone any offers. Your customer is trying to protect himself from further falls, hence the lowball offers. Sounds to me like you still have a boom time mentality IMHO.

heygringo

TheBrutalTruth wrote: »

Your customers



Your property was clearly overpriced. If it was standard for the area, the area is overpriced.



So 20k off the original valuation. What was the original valuation?



It is hard to know how lowball this is, if we don't know the price it is currently on for.



You want to sell something. Someone has given you an offer. What's the problem? You need to take your ego and emotion out of the equation. There is no law saying the property must be sold for a certain price. You can always tell the EA you don't want to hear of offers below a certain price.



What was wrong with the repo? Was it smashed up? On what grounds can you say your property is better than the repo? Just because it was repo'd doesn't necessarily mean it was trashed.

Look at it from your customer's point of view. We have just come out of the worst recession since WW2 with further pain to come in the next Parliament. The country is bankrupt. No-one can get financing. You are finding it hard to get people through the door, let alone any offers. Your customer is trying to protect himself from further falls, hence the lowball offers. Sounds to me like you still have a boom time mentality IMHO.

Sorry mate, but you're to smart for me.:rotfl:You should be a politician.

Davesnave

Don't fret yet, elona, I agree with what others above have said regarding timing and price. Yours will just look a better buy.;)

TheBrutalTruth

heygringo wrote: »

Sorry mate, but you're to smart for me.:rotfl:You should be a politician.

I am not on a wind up. I am genuinely curious as to your thinking. It would be really helpful if you could respond to my points.

heygringo

TheBrutalTruth wrote: »

I am not on a wind up. I am genuinely curious as to your thinking. It would be really helpful if you could respond to my points.

Sorry again mate, but I think you are. End of interest.

TheBrutalTruth

heygringo wrote: »

Sorry again mate, but I think you are. End of interest.

Sorry to hear that, I shall not bother you again now or in the future. Best of luck with your house sale.

azkaban420

Guys and gals, as I mentioned in previous post, I've got (for the first time with new EA) a BTL viewer coming round tomorrow. I'm feeling really sick atm, as the positive side of me thinks that as this is a first, an investment buyer may just be the one who goes for my property...also the whole thing about no offers from several viewers with initial EA, but the first one from new EA may do the trick? Negative side of me is getting ready for more disappointment....

Garrrr I HATE this!

Az

Sphynx

I will keep my fingers crossed for you azkaban.

My offer of 190K was rejected as I expected it to be. I have told the EA that 200K is the maximum we can go to. They haven't got back to me yet, but I am not holding out much hope as the EA told me they had previously rejected an offer of 210K. They were looking for the asking price apparently. I just wish they had been upfront on the day because I was honest and said the property was over our budget and they told us to make an offer. I know 10% off your asking price is alot, but that's what we had to drop

Hopejack

I can't see many old faces on here but I'm sure a few are looking in! We still haven't completed on selling our house yet, there has been a problem with my FTB's mortgage and I really thought I was going to have to remarket my house as it's been off the market (under offer) for 9 weeks this week! Anyway, I've been assured that their lender posted the offer on Friday and so it should be with their solicitor any day! I'm hoping to complete mid next week but the solicitors are saying Friday next week due to the time involved with the mortgage offer checking etc - not sure about all that, surely they can turn it around quickly if they want to! Ho hum - we'll get there, honestly thought I would have sold it by now as the offer was originally put in 2.5 weeks after it going on the market!

On the buying side, we have a house - think I mentioned a while back we'd offered on one which needs so much doing to it - something I'd sworn I wouldn't do with 2 young children! But the house is in a great location and could be lovely. We're moving in with my parents while we get the bulk of the work done - it will be cosy!!

How are all the old timers on here?

sundin13

Evening all,

Don't want to get involved in winding anyone up, but I am really interested in the selling price of the houses of those of you who can talk about dropping 10, 20 k or so. Our house was for sale just under 140, and we accepted at 4k under, so only about 3% below asking.
We looked at a place that was for sale at 229, but decided there's no way we could stretch past 200-202. I told the EA when she rang for feedback that I might come back with an offer but that it would be a low one - as in 200. Then I pretty much forgot about it because she wasn't exactly encouraging.
Well today she's called again to see where the offer is, saying the vendors have found somewhere they want to go. I still don't know whether to bother with the offer though - I can't see them dropping 29k, and I'll only end up disappointed.

Anyway - chin up Elona - that's a big price difference, so I'm sure you won't have any problems. And as for monkeysbunny living with the old folks - that's an extreme measure just to avoid cleaning for viewers MB!!!!