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

tyllwyd

Thanks! Perhaps you should start a thread to discuss the article on the debate house prices board?

brit1234

tawse57 wrote: »

They interview several estate agents who separately state that asking prices now need to drop by 20 percent.

tyllwyd wrote: »

Thanks! Perhaps you should start a thread to discuss the article on the debate house prices board?

I think it is important for struggling sellers to realise that increasing amounts of potential buyers are looking for reductions in asking prices due to the economic situation.

Property bee is the tool we use to check these asking prices so we know the seller is not trying to rip us off.

http://www.property-bee.com/

Orpheo

pollyzanna wrote: »

It's our dream house and we are trying to remain objective even though we have both fallen in love with it!

Emotionally attached already? This means that you will probably pay more than you should.

pollyzanna wrote: »

At this rate we'll end up renting :eek: to make sure our sale goes through.

Heaven forbid. What's wrong with renting? I've been renting for the 18 months since I sold my house. Just by waiting I have already saved 15K-20K on the asking prices of the type of house that I'm looking for and the prices continue to fall. When I offset my rent against house price falls it appears that essentially I'm living rent free and still saving money on my future purchase. But if renting scares you...

harz99

Updates:

Blodwen: On market for 13 weeks, 3 viewers (and buyer who then pulled out) in first month. No viewers or contact from agent in last 2 months. Planning to change agent at 16 weeks.

NEH: On market 29 weeks, 3 viewers,1 ridiculous offer soundout, useless Solicitor who can't find the bed or the flat itself. Planning to rent it out from November.

Emilia15: On market for five weeks (feels like a lot longer), three booked viewers (although only one turned up!), price reduced by £8500 last week, EA who was dealing with us has mysteriously 'left the company', trying to deal with the chronic lack of buyers by adopting a zen-like stance and also by reading this thread

rosered100 - been on the market since March. Had an offer from the first viewer at 91% of asking which we accepted. They dropped out 2 days before exchange. Dropped the asking price to the level of our first offer. Total of 16 viewers, 5 of them viewed twice. Then 2 offers came on the same day a fortnight ago at 10% below our new asking price. We have reluctantly agreed to one of them as long as they get on with it. Havent heard a word from them since.

Grimbal: On market Oct 2009. Found non proceedable buyers. Found place to buy

Harz99: Going on market Feb 2011. Not yet seriously looking at places to buy.

Azkaban420: On market Oct 2009, accepted offer in May, still waiting to exchange/complete...found house to buy in meantime

Sonastin: On market Christmas 2009. Sale completed August 2010. Serious problems with the house I want to buy that are taking ages to resolve. Nothing else on the market that suits. Stuck living with my mother in the meantime

tyllwyd: went on market on 5 May (Election day - great timing!!) Dropped price once, four viewings so far but none proceedable. Enthusiasm for the whole idea of moving gradually ebbing away.

Snowlady07: On market since early Sept 2010. Realistically priced but no interest as yet

Squish_21 - Been on market 15 weeks. Had 1 viewing & 1 very low offer during 12th week (buyer couldnt get the mortgage amount they thought). On 14th week we have started offering '5% deposit paid by vendor', as its a 1 bed flat instead of a price drop. A price drop will follow in January if no more interest. Its tough going for us sellers!


Shabby_chic: Went on market March 2010, approx 10 viewings and a couple were interested but none proceedable. Cash buyer viewed week 14 and made offer £10k below asking, negotiated to £5k less and currently waiting to exchange though plan to complete on 24/09/10 (fingers crossed).

Ocalllo - on market since Feb 10, 3 views only 2 turned up. Chgd agent beginning of June, 5/6 viewings more - 1 x low offer, which we refussed, they came looked at hse again and pulled out! dropped price twice, gone live with new price 1 hr ago!!!!!

Maidmarian - On market from August 2008, dropped price 17%, 21 viewings, no offers. Asking price now below Zoopla and Land Registry indices. Took it off the market today.

Newstudent24-I put my 2-bed ground floor flat up for sale in May 2010, originally for 98,500 (which I thought was a little high at the time but the EA said it was a good price). I have reduced the price twice since then and is now on the market at 92,950. I have had a total of 5 people look at it - one of which was an upstairs neighbour who I think just wanted a nosey around....and a landlady who offered me 20k less than the asking price so I could carry on living here as a tenant. Luckily I don't have 'mug' written on my forehead!

Smiley79-have been on the market since Feb2009 yes thats Feb 2009, I have dropped the price several times to now way under what we bought it for 6 years ago. We have had 2 sold subject to STC which have both fallen through one a week before moving (6th Jan) and the second in April.

tiny_tear-on the market since Dec09. Have lowered the price a few times. willing to take offers. So far had one offer (too stupid to even make a counter offer) and one person who viewed THREE times - the last this weekend - decided today not to make an offer and gave no explanation to why... Just lowered the price another £3k...

Chyna-s- One market 1week, have had an offer already of 5% below the asking price.

JW - on the market 4 weeks, 3 viewers, 3 offers, 1 agreed but they pulled out, current offer on the table is too low, we are prepared to meet them half way but I'm not sure if they'll come up

NyimaR - been on the market since June. 10 viewings (including 1 second viewing). Open house weekend has brought me 1 viewer and I dropped my asking price for a second time today. Now asking is what I paid for the place in 2004! Living with my mum is getting me down and I've started to consider borrowing a deposit from family to buy somewhere and spend practically all my money on mortgages!

Jen: Been on the market 15 weeks 6 viewings, 1 second viewing and 2 cancellations. Our latest viewing took place this afternoon and they seemed positive but don't they all. I won't be holding my breath. But they are under offer and looking to move into the area so sound proceedable. Fingers crossed.

tyllwyd

We had a bizarre experience at the weekend - the EA told us that the viewers in the week had ruled out our house. But on Sunday a car full of people was sitting outside our house, and my OH got talking to them and it turns out it was the viewer bringing back their family to have a look, and he ended up inviting them in to see the house again (which of course was a complete tip as usual!) So there must have been some chinese whispers going on and the feedback was more downbeat than it should have been. They still aren't proceedable though, so all a bit academic!

Chyna-s

Mmm, well I shall send good thoughts to your viewers so that they become proceedable very quickly and in turn make a very good offer on your house tyllwyd

NEH

Interesting Tyllwyd....

Darn i missed the fun, the buyers brigade came back in my abscence and i didn't get to play..._party_:whistle::p

ocalllo

First viewing booked today 5.30pm since we dropped the price last week - fingers crossed
im busy cleaning!!

tyllwyd

ocalllo wrote: »

First viewing booked today 5.30pm since we dropped the price last week - fingers crossed
im busy cleaning!!

You've started cleaning at 10.30 for a viewing at 5.30 - the place should be absolutely gleaming by then !! Fingers crossed it goes well.

ocalllo

tyllwyd wrote: »

You've started cleaning at 10.30 for a viewing at 5.30 - the place should be absolutely gleaming by then !! Fingers crossed it goes well.

lol im working inbetween so trying to do it while its quiet :j