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

WheelieWood

These guys are slow. I was expecting them yesterday.

brit1234

FATBALLZ wrote: »

Reminds me of a guy I used to work with, marketed his house at £126k in 2007, got an offer of £111k which he turned down because he wanted more.

Dropped the price 5 or 6 times, chasing the market down as it bombed, eventually sold last year for £78k. Still, he can hardly complain as he bought it for less than £30k.

Ouch. That illustrates how important it is to understand where we are in the house price cycle for getting the price right.

If you cut your price under the rival competition, get the right move profile/marketing perfect you should get a better price now than chasing the market down over the following months.

Chyna-s

And back to the actual theme of this thread which is SUPPORT, good luck to you Livinginthesun and fingers crossed.

smiley79

Hi everyone,

seems like a mixed bag for everyone at the moment, we had a viewer today who looked round with the agent, we had a phonecall while they were there asking questions about the boiler and whether our electrics had been checked recently. Is this a positive sign? I am not sure, part of me thinks it is good because the viewer (buy to let) likes the house or negative because as my husband says they want a combi boiler or they won't make an offer?

Just sick to death of building my hopes up every time someone views, our house is cheaper than we bought it 6 years ago, everyone that views it likes it, in fact 3 people have made offers that we have accepted. what is going wrong?!?!?!?

harz99

Blodwen: On market for 16 weeks with old EA, 3 viewers (and buyer who then pulled out) in first month. First week with new EA.

NEH: On market 33 weeks, 3 viewers,1 ridiculous offer soundout, useless Solicitor who can't find the bed or the flat itself. Price dropped end of September, no more interest. 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.

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 with a higher offer which we have accepted so are now off RM with a "under Offer" banner on the sign outside.

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.

Djheath: One bed flat for sale in Surrey, put on market at the beginning of August. Had two viewings since then. Reduced the price by £10K

harz99

Updated 9-10-2010.

Blodwen: On market for 16 weeks with old EA, 3 viewers (and buyer who then pulled out) in first month. First week with new EA.

NEH: On market 33 weeks, 3 viewers,1 ridiculous offer soundout, useless Solicitor who can't find the bed or the flat itself. Price dropped end of September, no more interest. 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.

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 with a higher offer which we have accepted so are now off RM with a "under Offer" banner on the sign outside.

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.

Djheath: One bed flat for sale in Surrey, put on market at the beginning of August. Had two viewings since then. Reduced the price by £10K.

LivingintheSun: House on the market approx 5 months. Plenty of viewers, most of whom still have a house to sell. Consistently very positive feedback. Agents have advised against dropping the price.
One offer, rejected as £20k under home report valuation.

NEH

Just updating my end, someone went in to pick up a schedule this week, with plans to convert the big loft we have. Not sure it's feasible as i am not sure the neighbours would like it or the council....Anyway he's known to our Solicitor's but he hasn't com back yet.

Well done on those who have got offers and goodbye to those that are leaving us....:wave:

Updated 9-10-2010.

Blodwen: On market for 16 weeks with old EA, 3 viewers (and buyer who then pulled out) in first month. First week with new EA.

NEH: On market 33 weeks, 3 viewers,1 ridiculous offer soundout, useless Solicitor who can't find the bed or the flat itself. Price dropped end of September, someone went in for a schedule and talked about plans to convert but nothing back as yet. 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.

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 with a higher offer which we have accepted so are now off RM with a "under Offer" banner on the sign outside.

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.

Djheath: One bed flat for sale in Surrey, put on market at the beginning of August. Had two viewings since then. Reduced the price by £10K.

LivingintheSun: House on the market approx 5 months. Plenty of viewers, most of whom still have a house to sell. Consistently very positive feedback. Agents have advised against dropping the price.
One offer, rejected as £20k under home report valuation.

LivingintheSun

brit1234 wrote: »

You may be kicking yourself not taking that offer. The longer you hold out the more prices are going to fall, so prices may well fall well below original offer.

We may have 5 more months of falls or even more. The last one was 3.6% fall.




Personally I think it was. Some sellers need to get a little reality. There are buyers out there but asking prices are still well beyond what banks will lend.

Time will tell. Last house on our street to sell went for the same price recently, however it was smaller, not as well situated and needed completely updated. We can sit tight just now, considering letting the place out if need be.

westlondonbuyer

LivingintheSun wrote: »

One offer, rejected as £20k under home report valuation.

Can I ask what % of asking price this was? Also whether you considered going back to the prospective buyer and counter-offering?

As a buyer, I'm not happy to show my hand immediately which is why I'm not making first-and-final offers. But I can't really understand why vendors aren't willing to enter into a dialogue.

Philippa36

We went on a 2nd viewing today and then put in an offer of £293k on a house up for £325k which was instantly rejected so we've gone up to £301k which they're considering...

It'll be Monday now before we hear