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

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tawse57 wrote: »

I am so sorry to hear that ocallo - I take it 140K is what you originally purchased the house for? I feel so sorry for people who have lowered the asking price back to their purchase price and still can't sell.
I admit, I have little sympathy for those, and there are many, who want tens of thousands more than they paid just a few years ago. By that, I mean that the housing market is very queered at the moment between those still living in fantasy asking prices land and those, like yourself, who have been trying everything to sell and still cannot sell…

How nice to hear a balanced opinion on the difficulties of pricing and selling. Thanks.

Overall, I feel that most people are just trying to get on with their lives, and need to sell to do that. Reading this thread (and part 1) clearly shows the good intentions of sellers all over the place.

I do wonder about the fantasy ‘pump up the price’ sellers, as to whether they seriously want to move on. But at the end of the day, it’s their prerogative to price in that way.

harz99

harz99 wrote: »

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, last offer made about 10 days ago, we said no and they have sat on it since. They came back today (20/9/10) with a higher offer which we have accepted so fingers crossed.

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.

Paul97: On market for 4 weeks two viewings last week, both interested, but 1st one wanted to do a let to buy and can't get finance, 2nd viewing FTB, just had call from EA they have a mortgage in place and are interested, but will not make a decision until weekend after they have looked at other properties. Keep everything crossed for us.

Clarrisa62: We have had our flat on market for nearly a month. 3 viewings, last lady liked but has opted for a slightly larger flat.

Hi everybody; huge congratulations to those that have had recent good news and commisserations to those whose trials and tribulations keep on coming!

If anyone wants an amendment please post below and I'll update the list, also if anyone wants to be added please do a short post in the style of those above and i'll add that as well.:D

NyimaR

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, last offer made about 10 days ago, we said no and they have sat on it since. They came back today (20/9/10) with a higher offer which we have accepted so fingers crossed.

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.

Paul97: On market for 4 weeks two viewings last week, both interested, but 1st one wanted to do a let to buy and can't get finance, 2nd viewing FTB, just had call from EA they have a mortgage in place and are interested, but will not make a decision until weekend after they have looked at other properties. Keep everything crossed for us.

Clarrisa62: We have had our flat on market for nearly a month. 3 viewings, last lady liked but has opted for a slightly larger flat.

NyimaR: Under offer for 2k less than I paid in 2004. First time buyer so at least there's no chain and I'm planning on putting a short break in the chain to make this go through as quickly as possible. Need to figure out where I put my FENSA certificate. House hunting this weekend.

jw2003

our 'offerers' carried out their 'survey' yesterday.

They are cash buyers so under no obligation to have a valuation or anything like that done, she turned up with a builder, spent 20 minutes outside and then left.... Any ideas?

She has asked my EA what the house fell down on with a previous survey and those issues have been remedied so maybe she thinks it's all fine, or maybe she found something she didn't like outside and decided it was dealbreaker.

I am pecimistic (sp?) - especially as I had a dream the chain fell apart because I had kids ???

xtra_time

xtra_time wrote: »

Our viewer last night seemed to like it - we are top of the list for them with 2 houses to see tomorrow.

After 62 weeks on the market we now have an offer which i have accepted . They want it through by Christmas though so we gotta look for somewhere quick now. As a cash buyer he said they not getting a survey but his brother will have a look as he is a builder so fingers crossed he doesnt find anything wrong.

jw2003

xtra_time wrote: »

After 62 weeks on the market we now have an offer which i have accepted . They want it through by Christmas though so we gotta look for somewhere quick now. As a cash buyer he said they not getting a survey but his brother will have a look as he is a builder so fingers crossed he doesnt find anything wrong.

Great news, I'll keep my fingers crossed for a smooth transaction for you, best of luck with the hunt and move

kymie

ocalllo - sorry to read that! I know how you feel. We lost alot when we sold our house - bought it for £147k and sold for £125k, as well as work done to the house etc etc. We were literally left with just enough for a deposit on this place. But it had to be done for us to keep the family together.

LilacPixie

no further updated offer as of yet. Potential buyers wanted the weekend to go over sums I think. Wish it was all over so we could start looking for something ourselves, fed up seeing things I like then seeing them go under offer.

[Deleted User]

snowlady07 wrote: »

I've just reduced the asking price of my house to what I paid for it in 2004! If I still don't get any luck I'm renting it.

we sold our house 3 months ago but we reduced it to 75% of what we paid for it in 2004 and that didn`t include the 20k of fitted furniture, flooring and curtains which we included

we moved on and aren`t looking back

Philippa36

We've just accepted an offer for £11k over the original price we paid back in 2004 - I'm absolutely delighted, they're really nice buyers and I hope they love this house as much as we have.

Now the search is on to find a house that we can afford, sellers who will accept our well below asking price offer and who can move out by mid November :eek: :j:j

Good luck to all those still on the market.