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

not_loaded

I'd like to contribute a bit towards the ‘unproceedable viewing’ topic that's been discussed here recently. We’ve been on the market for quite a while now, and we've always felt that unproceedable viewers were acceptable in the current sluggish market. This was based on the concept that they could very soon be proceedable. All well and good up to that point.

We have a bit of a problem now in that an unproceedable viewer of ours fell in love with our property so much that she then drastically reduced the price of hers (twice) in order to get a sale agreed. Unfortunately, she has now come back to us expecting us to take a similar hit.

What she did with her price we felt was entirely up to her. None of our business. Within two weeks of being on the market she dropped £15k. She kept in touch with us, saying how much she really wanted our house. After a few more weeks, she dropped another £15k which horrified me. _pale_

Before she dropped a single penny, I said to her to not feel pressured by the situation, to take her time, and so on. I know her EA and he usually prices property quite accurately.

Going by sold prices around here, we've always felt our asking price was about right, but we dropped £10k when she offered initially.

She is citing her divorce situation, the terrible housing market, etc, etc. She’s asked us to come back to her with our decision. We’ve typically been getting one to two viewers a week all along, and these have perked up since the election. It’s hard to know what to do when such a drop would significantly affect our funds for the future.

azkaban420

not_loaded wrote: »

I'd like to contribute a bit towards the ‘unproceedable viewing’ topic that's been discussed here recently. We’ve been on the market for quite a while now, and we've always felt that unproceedable viewers were acceptable in the current sluggish market. This was based on the concept that they could very soon be proceedable. All well and good up to that point.

We have a bit of a problem now in that an unproceedable viewer of ours fell in love with our property so much that she then drastically reduced the price of hers (twice) in order to get a sale agreed. Unfortunately, she has now come back to us expecting us to take a similar hit.

What she did with her price we felt was entirely up to her. None of our business. Within two weeks of being on the market she dropped £15k. She kept in touch with us, saying how much she really wanted our house. After a few more weeks, she dropped another £15k which horrified me. _pale_

Before she dropped a single penny, I said to her to not feel pressured by the situation, to take her time, and so on. I know her EA and he usually prices property quite accurately.

Going by sold prices around here, we've always felt our asking price was about right, but we dropped £10k when she offered initially.

She is citing her divorce situation, the terrible housing market, etc, etc. She’s asked us to come back to her with our decision. We’ve typically been getting one to two viewers a week all along, and these have perked up since the election. It’s hard to know what to do when such a drop would significantly affect our funds for the future.

Not-loaded, I think it's a bit unfair of your potential buyer to expect you to drop your price to bridge the gap between her drops. It was HER decision to drop her house price, not yours, and the fact that she seems to be 'crying' about her situation shows she's trying to get the sympathy vote. If she's desperate for your house (which she clearly is) she will buy it irrespective of whether you drop your price further or not. If you are not desperate to move, I'd hold your ground. For the sake of appeasing, and perhaps preventing her from walking away if you can afford to drop a little, I don't know, say £1k, then have a think about this, but I defo wouldn't make any significant drops in your house price for her if she's already offered at a certain value. I doubt she will walk away if she's done so much to try and sell her house to buy yours!

Good luck, what an awkward situation to be in!

Az

elona

Not loaded

You can't just give her a present of £20K or whatever she expects - no matter what your financial position is.

To be cruel - it is her problem , not yours and you need to think of yourself and your family first.

We complete tomorrow and I am meeting the buyer tomorrow lunchtime with the keys and DH will take the cheque to the bank in the afternoon.

I won't believe we have sold (after three years) till the cheque clears.

Relatives bungalow is now on Rightmove - fingers crossed it sells quickly, but not expecting it.

Need to get DH to think about letter drop next week.

Typing this from the library and just about to check Rightmove in case a house has come up in the day or two.

Best of luck to everyone trying to sell.

azkaban420

Good luck for tomorrow Elona, I bet you will be breathing a massive sigh of relief!

Az

maya+2

not_loaded wrote: »

I'd like to contribute a bit towards the ‘unproceedable viewing’ topic that's been discussed here recently. We’ve been on the market for quite a while now, and we've always felt that unproceedable viewers were acceptable in the current sluggish market. This was based on the concept that they could very soon be proceedable. All well and good up to that point.

We have a bit of a problem now in that an unproceedable viewer of ours fell in love with our property so much that she then drastically reduced the price of hers (twice) in order to get a sale agreed. Unfortunately, she has now come back to us expecting us to take a similar hit.

What she did with her price we felt was entirely up to her. None of our business. Within two weeks of being on the market she dropped £15k. She kept in touch with us, saying how much she really wanted our house. After a few more weeks, she dropped another £15k which horrified me. _pale_

Before she dropped a single penny, I said to her to not feel pressured by the situation, to take her time, and so on. I know her EA and he usually prices property quite accurately.

Going by sold prices around here, we've always felt our asking price was about right, but we dropped £10k when she offered initially.

She is citing her divorce situation, the terrible housing market, etc, etc. She’s asked us to come back to her with our decision. We’ve typically been getting one to two viewers a week all along, and these have perked up since the election. It’s hard to know what to do when such a drop would significantly affect our funds for the future.

You should base your decision solely on your own circumstances not hers, its nice of you to feel sympathy for the potential buyer, and I don't encourage just always looking out for yourself, but we are talking about a house here and a large sum of money.
I have seen a house i like and i have put my house on cheaper than I wouldve if I hadn't seen it, but I certainly wouldn't try and guilt trip the seller into reducing theirs for this reason.
If she was counting on having a lower offer accepted on yours she shouldve made the offer before she started reducing her own, if she now cant afford your asking price then she has been very stupid.
Why should you cover her loss?, its actually very rude when you think about it, that shes now putting a guilt trip you, when she only has her self to blame.
A lot of us have seen houses we love that we may loose out on but were not loopy enough to sell ours cheap and then ask for the other person to pay for our loss.
I think she probably can still afford your asking price, and she obviously thinks its a good price hence the rush to sell her own house incase some snapped yours up.

mrsbounce

Hi im joining you today, been reading threads for last 6 weeks since we went live, however, in that 6 weeks we have had 2 viewings and the EA have been useless, we finish our contract with them on Monday and I have instructed another agent as from tuesday.

So Im hoping for a quick sale with the new agent so we can put an offer in on our dream house we saw 4 weeks ago!

Im sure I will have lots of questions although some have already been answered which is very helpful.

maya+2

welcome mrsbounce

I've had my house on for 5 weeks with no viewings so am no considering changing EA, so will be very interested to here how the change works out for you.
May I ask how you picked the second EA and wether they've made any promises to do anything differently?

mrsbounce

The new agent we are instructing were our first choice but between phonecalls other agent offered us 1% comm which we thought was a good deal and changed our minds.

If only I could turn the clock back 6 weeks, the new agent also seem to be more active at promoting properties in this area

Squish_21

HIPS Scrapped = YAY! I shall order my EPC tonight.

maya+2

mrsbounce wrote: »

The new agent we are instructing were our first choice but between phonecalls other agent offered us 1% comm which we thought was a good deal and changed our minds.

If only I could turn the clock back 6 weeks, the new agent also seem to be more active at promoting properties in this area

We also went for the cheapest as I didn't think it would make a difference as long as the property was on rightmove, but they are so slow to respond to us and seem so disorganised I worry wether I can even trust them to answer the phone and chase people up.