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

Orpheo

tiny_tear wrote: »

grumble, grumble and grumble...

had an offer on saturday - hurrah. no not at all... the ofer was for £19k under asking price and while I am hoping to get £5k under, potentially up to £9k under I will not consider £19k under asking... (this is a £154k asking price so not a massive expensive place)

oh hum...

and my friends who are staying in the flat are now proceeding with their purchase so maybe in a month or two I will really have to consider my options.

I think in May I shall take it off the market, and become a landlady for 2 or 3 years and see what the market does. At least my husband already rents a flat so he can help me with the tax returns and all those details. And I will find an agency to manage it all...

In the meantime, I am hoping for a more reasonable offer in the next month or two... *sigh*

[rollseyes]You are declining an offer of 12% below asking price. Savvy.[/rollseyes]

Greymarl

Orpheo wrote: »

[rollseyes]You are declining an offer of 12% below asking price. Savvy.[/rollseyes]

No need for that eyerolling business, now is there? Unless you were being TIC, but it's hard to tell.

Declining the first offer doesn't mean they won't come back with a better one, and the vendor's said she has a back-up plan if she doesn't achieve the figure she wants.

tleefox

brit1234 wrote: »

Looks very pricing for a first time home in cardiff. I wouldn't consider it in London or South East at that price.

We're not expecting it to appeal to FTB's - it's probably too big and would be out of the price bracket of most FTB's, especially at the moment.

It's a desirable area where smaller flats sell for the same money and more (optimistic IMO).

http://www.rightmove.co.uk/property-for-sale/property-32646059.html

http://www.rightmove.co.uk/property-for-sale/property-29018746.html?premiumA=true

http://www.rightmove.co.uk/property-for-sale/property-15280326.html

There is a house on the same estate as ours which is end of terrace but right on a main road for sale for £240k:

http://www.rightmove.co.uk/property-for-sale/property-16363182.html

Compared to what else is on the market nearby it is a lot of house for the money and is quite reasonable.

claire70

tiny_tear wrote: »

I am in London (zone 3) and I am already £10k cheaper asking price than another flat in my block which, in my opinion, doesn't look as good but does have a separate kitchen while mine is a kitchen/lounge together.

That's interesting, we're getting the feeling that people don't like our house because it's NOT an open plan kitchen / reception room! A lot of similar houses near us have knocked the kitchen through, and those seem to go quicker. Ours is a separate kitchen, though extended at the back, so fairly long and thin - this seems to put people off.

We're a good 10-20k cheaper than those other houses now - but unfortunately none of them are on the market *right now* so buyers can't make the comparison. Argh!

claire70

23rdspiral wrote: »

we couldnt go as low as the lowest house on our street as we'd be in serious negative equity, even though that house needs entirely gutting and ours is fine you get compared on rightmove so it was impossible.

Yes, we've got a similar situation with a nearby house in bad repair - darned annoying isn't it? We may even end up accepting a price close to what that one sold for 4 months ago, just because we are getting so frustrated and impatient to move. Which is a bummer because our house is SO much better.

Funnily enough, the house right next door to the dodgy one sold a month later for 35k more - but the buyers looking at ours don't seem to notice that one! :mad:

23rdspiral

claire70 wrote: »

Yes, we've got a similar situation with a nearby house in bad repair - darned annoying isn't it? We may even end up accepting a price close to what that one sold for 4 months ago, just because we are getting so frustrated and impatient to move. Which is a bummer because our house is SO much better.

Funnily enough, the house right next door to the dodgy one sold a month later for 35k more - but the buyers looking at ours don't seem to notice that one! :mad:

it is really annoying... even more so that since we took ours off 5 months ago, they lowered their price even more... and sold 2 weeks ago! heaven knows at what price! but they had to sell as it was a probate case too. i just hope it doesnt look too squiffy on propertybee for too many years, and that others sell at sensible prices, as we will want to sell at some point.

good luck!

tiny_tear

Orpheo wrote: »

[rollseyes]You are declining an offer of 12% below asking price. Savvy.[/rollseyes]

Yes I am, fortunately I don't *need* to sell the flat immediately and I am willing to take just under what I paid for it back in 2005 when it didn't have a working boiler or double glazing.

People keep saying the prices are down to 2007 levels - apparently - so by taking 2005 I don't think I am being too unreasonable.

This was an investor who owns tons of properties so if they think it's a good investment for them, I think it's a good investment for me - and I won't have to pay stamp duty and solicitor's fees for that
:rotfl:
The rent would pay the mortgage and service charge and estate agent fees and still have some left over... Current mortgage is only about 50% LTV so not worried there...

Jimmy_31

harz99 wrote: »

Inkz and Jimmy 31; your on the wrong thread! This is sellers support not buyers, be good people and toddle back over to the buyers thread.

Just giving my point of view on sellers expectations.

And to tiny tear you said people keep saying house prices are back down to 2007 levels, i am led to believe that 2007 was the peak of the housing boom so i cant see how thats right at all.

also why would a buyer be classed as a s m a r t a r s e for offering below your 2005 purchase price ? in 2005 house prices had already gone crazy so its quite sensible to offer well below 2005 prices because its just a boom price caused by the banks and buyers and so consequently in many peoples eyes its just not a relevant number (price) as i have said before im not willing to pay a boom price for a home and many many people think the same as me and are now getting closer and closer to paying a fair price for a decent home due to the market falling.

When i do buy a home i do not want any major house price increase or boom to kick in else the whole mess starts again and i would have to pay tens of thousands of pounds extra to move up the ladder than if they had just risen gradually like they did before the boom, mainly because s m a r t a r s e s like me hate giving banks hard earned money for nothing.

clairecymru

My first buyer dropped out because he couldnt get a mortgage. Had someone else come to view my flat for the second time today. Normally I like to be out for viewings because as a buyer I prefer the seller not to be in. EA was supposed to come at 12.30 today so I went out and came back about 2.30 but there was a knock on my door at 3pm because the viewers were running late. Viewers were really enthusiastic. Came with a measuring tape and said that my second bedroom was a lot bigger than they remembered it. Told me that my flat was "showhome standard". They were asking loads of questions and seemed pleased with my answers. They were parents viewing with their son and the told me that they were cash buyers and were looking to buy their son and their daughter a property. As they were leaving I overheard them say, "well thats you sorted Tom, we just need to get Jenny somewhere now".

So fingers crossed that they will put an offer in.

claire70

Well, good news: we got an offer today (our 3rd). Bad news: it was 35k below our asking price. That's *55* k below our initial asking price. We said we were prepared to go down a little on our current asking price, but not by that much. Result: they withdrew their offer altogether. Not even prepared to go up by a penny. Grrrrrrrr.

These people are insane. A house very similar to ours sold in Jan for 10k MORE than our asking price. So how do these buyers think they are making a reasonable offer?

I wonder if they also made the same offer on somewhere else, that had a lower asking price to start with and which therefore accepted.

Oh well, back to square one.