Selling my house

lincroft1710

It doesn't matter what the house was "valued at" in Jan or currently, or how much you need, the market only values it at £163K as that is the highest offer you've received. You can moan about EA but he can't conjure up buyers out of the air.

From this and your other thread you seem keen to sell and move on. Can you afford to take £8K "loss" and sell, or have you the patience to sit it out a bit longer, perhaps with different EA, but no guarantees of better if any offers.

tomstickland

I assume that you want to sell the house. In that case you should not put up any barriers to a potential buyer.

Bear in mind that you can negotiate on the house that you want to move to.

debpeb

The person who offered £163k was in a position where she wanted to let it out so tried her luck with the offer to which we refused.
As for moaning that the EA can't "conjure" buyers out of the air? Well I do feel very annoyed that they said the property was up for offers over £151k when they knew themselves that we could only accept £171k or higher so surely this can't be right as their selling techniques go? Now people will see that it was for sale for offers over £151k in the newspaper and wonder why they now see it for £175k. Doesn't look good for us as sellers at all and have probably put people off.

I'm desperate to move - was in January and the EA knew this. They even told me I wouldn't lose my £500 deposit on the property I wanted to buy last year but I did and can't do anything about it. It's been bad practice all along with them and it's cost me hundreds of pounds yet I can't do anything about it.

lincroft1710

With an asking price of £175K, it's doubtful if you'd get an offer more than £170K. It doesn't matter that the buyer who offered £163K wanted house as BTL, it's still the highest offer you've received. Did EA explain to those who made the open day offers that a mistake was made and/or that offers too low and could they make higher offers.

debpeb

We've put that it's been reduced from £180k etc. and the estate agents apparently told the viewers at the open day that we wouldn't accept lower than £170K so I can't understand why viewers would put in offers of £156k etc. knowing it would be turned down.

lincroft1710

deb - if when told only offers over £170K accepted, offers of much less are received, this makes the £163K offer look generous. Although you probably can't post a Rightmove link, any chance of giving us a clue so we could look at house and perhaps give some feedback.

paul5046

debpeb wrote: »

.My question is can I now insist that people can't look around the property unless they are in a position to buy or have the funds as having two untidy teenagers in the house it's quite a chore to try and keep on top of the tidying up, nagging at the boys etc. only to have a wasted viewing when they have no intention on buying, or don't have the funds?
Sorry if I sound quite sharp but this is getting me down time after time only to find out even if they do like the property they turn round and say they haven't got the funds - which in that case i'd like to ask why bother looking at the place anyway, wasting their time, the agents time and mine?

Thats life i'd say. Just keep plugging away. Be patient.

confused31_2

pie81 wrote: »

, our flat isn't on the market yet but we've been told it will sell very quickly,.

Ive heard this before, it might sell quickly but you might have to drop the price to get a quick sale. this might mean the gap between the property you like is bigger and you may not be able to afford it.

As for making offers before you have even sold your house, is beyond me as it means nothing.

If i had my house on the market and someone made a offer who was not in a position to buy, i would just keep on marketing it, and im sure most sellers in todays market would do the same.

Personally i would never look at another house unless i was in a position to buy, part of the reason for this is if we really liked a house but we couldnt proceed we would be gutted.

debpeb

As we'd "sold" the house subject to contract I was told to start looking around by my estate agent and was advised it was a good strong chain. I honestly think the buyer who pulled out had second thoughts which leads me back to my main question in my other post about asking how I can try and get some of the money back i've paid out on solicitors fees and a survey on a bungalow I might now lose due to this person pulling out.

The person buying the house had sold their house and was ready to move as far as we were all aware. I'm not naive enough to go running around looking for a new place and forking out money unless I thought I was getting the property - especially as this is now the second time i've lost a place making it a total of £2,060 i've now lost.

I'm just sick of people seeing the price of the place, viewing it, then coming back and saying "We haven't got the funds" without even placing an offer to see if it's acceptable. If they haven't got the funds why are they wasting theirs, the estate agents and my time by even looking?

bitsandpieces

Unfortunately, a potential buyer can string you along right up till the day of exchange - letting you incur solicitor's fees and other expenses - and then pull out. You're very unlikely to get any money back, even in that type of situation. This sucks, but that's how it works.

I'd be very careful about limiting potential buyers, if you want to sell. For example, people might have planned to spend £165,000, but up it if they see and love your house. Try not to be offended by low offers: at least it shows an interest in the house.

Is your estate agent a member of a regulatory body?