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Can't sell flat, no choice but to let it, tax issues... :(
Comments
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brooky_agb wrote: »Thanks penguin. I just spoke to the current agent who just said (via email):
"I will sell it.... I have made it my personal mission to sell this before
I sell any other property."
:rotfl:
Is that a standard email that he sends to all his clients?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Out of curiousity I've just searched nethouseprices for my own street (I don't live a million miles from your flat, my postcode also begins CM).
The stunning thing is the lack of transactions. My street has 200+ properties. Sales figures are:
2006 - 31 sales
2007 - 36 sales
2008 - 11 sales, last one being October
2009 - 1 sale (!)
The sole sale in 2009 was a house that sold for £170K. The same property sold for £200K in June 2008
To me this suggests (confirms) that asking prices are not in touch with reality. My guess is that sometime this year there will be a wholesale dropping of prices maybe 10-15% as people either will not or cannot afford to hang onto properties any longer. The people who suffer least will be the one's who offer realistic prices soonest.
(Just my opinion).0 -
I'm only about 20 miles from you, also in comuter land.
Round here the FTB properties have been much harder hit than more expensive ones.
I think you are selling a lovely property but at the wrong time. Not much you can do about that
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
@silvercar - thanks. This is exactly what I have learned. I'm incredibly fortunate to be able to take a big jump up the ladder but still want to get a vaguely reasonable price for my sale. The top of the market has been hit but nothing like the bottom. At least around our area.0
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... BTW the agent just told me NOT to lower the price anymore and he knows how desperate I am to sell.0
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£115k for a one bed in Bishops Stortford is too high. That's why you can't sell it. The agent doesn't want you to lower the price as it affects his commision. I'm pretty sure you would sell if you reduce the price to £100k. Depends how desperate you are to sell though doesn't it.0
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joolsybools wrote: ȣ115k for a one bed in Bishops Stortford is too high. That's why you can't sell it. The agent doesn't want you to lower the price as it affects his commision.
I suspect a lot of people visit 2-3 EAs & go with the one that gives them the highest valuation, which might lead to some EAs being reluctant to advise clients to drop prices (better to get the custom then advise the client to accept a low offer if one is made?)
Dunno if that's correct but it seem's plausible. Maybe an EA can confirm or disprove it? (if there are any left! :eek:)0 -
@joolsybools - I don't expect to achieve £115k maybe £105k though. If you look at my search link higher up I think the price is good at £115k. There is only a handful cheaper that need moderisation. Mine is in lovely condition with period fireplace and curved wall. Lovely features. I fell in love with it. (Now I hate it LOL).
@Fella - I think you are right. Many fall into this trap I think me included. Know better now.0 -
If you hate it just drop the price. Or even market it yourself? £100k in your pocket is better than £0 in your pocket.0
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I suppose that is a possibility. Or use an agent with flat fee e.g. http://www.janeearl.co.uk/joolsybools wrote: »If you hate it just drop the price. Or even market it yourself? £100k in your pocket is better than £0 in your pocket.0
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