For those selling in Scotland or anyone working in the industry-home reports query

NEH

We're trying to sell our studio flat in Aberdeen been on the market for a month. Chased up the solictor this morning as we have heard nothing and found out that yes there was a viewing and feedback but they neglected to inform us, this is the second time they have failed to tell us something important so not exactly impressed with them. They are advising that we drop to a fixed price but my query is how can we do this when the home report states it is worth a lot more? Surely anyone looking would question it?

We really don't want to go down the leasing route as have worked out the costs and it probably wouldn't be worth while....

Just don't know whether we should be dropping to a fixed price and whether the valuation on the home report will complicate things....

Thanks in advance for any replies or suggestions

googler

They'll just be glad to get it for less than the HR value.

What's the HR valuation, what are you currently priced at, and what are the solicitors suggesting you change to?

NEH

googler wrote: »

They'll just be glad to get it for less than the HR value.

What's the HR valuation, what are you currently priced at, and what are the solicitors suggesting you change to?

Thanks it's on for offers over £85,000 at the moment, home report says £90,000. Solictors haven't as yet said what they would put it as a fixed price, possibly fixed at £85,000 from what i can make out in their email.

vegasvisitor

I'm also in Scotland and to be honest I don't see the difference between fixed price and offers over £85k. Are they advertising your flat showing the home report value - that would help. I tend to ignore the wording and just read the figure. So, to be fair I'd base my offer the same regardless of how the pricing was worded, so I can't see how that would really help. I don't know the Aberdeen market specifically, but in my neck of the woods everyone is offering under, so offers £85k over could actually attract an offer of £75k upwards I would think, particularly if it has been on the market for a year or more. Time on market could also affect your home report value, and a buyer may also take a percentage off for the period since it was surveyed.

Wouldn't you consider going down to something like £83k? Doesn't sound like much less, however takes you further from the £89 and would give a buyer a feeling of a bargain maybe.

Lynn11

We are also in scotland and selling our house for offers over £110,000 and the HR says £115,000 so we are hoping to get an offer in between these figures. The house across the road, exact same was valued £118000 in HR and we believe that they got £115k but we will never get that value.

If you are fairly realistic then it should sell but there are other houses in my village on at fixed price which is the exact price on the HR. I would not be going for that but no doubt they will reject any low offers. The option is yours but maybe you should see if an EA is better rather than a solicitor company doing the selling/conveying.

NEH

Thanks for your replies....

Update is that after I had another email informing me about the feedback and one of the things that had put the guy off was that there was no bed. The solictor claims that no-one mentioned that there was a fold up bed when i know my husband mentioned it. Even worst she couldn't see which wall it was on. 4 walls in the flat, one with a big empty bookcase on, one blank wall, one wall with windows all down it so how she could even ask that as there was only place it could be :mad: maybe she thought it was in the loft

Anyway upshot is after not informing the guy there was a bed and all her other mistakes i spoke to her boss and she is no longer dealing with it. Hopefully we will get a more positive response from him and he thinks the price shouldn't be changed taking everything into account and taken into account what else is for sale in the area.

slbhill

Offers over, fixed price, it's all the same these days!

Unless your area is very different from mine (moving Fife to Falkirk), the norm is to offer less than asking price anyway - unless the house is unusually popular and actually goes to a closing date. Ours was fixed price & we still had an offer under the fixed price. "offers over" means "we hope we'll get the asking price" and "offers around" means "we know we won't get the asking price"!

Please note this is just my experience and I'm not a professional :-)

As others have said, the home report valuation doesn't stop you offering the house cheaper. All depends how much of a rush you are in to sell. The only problem is if your asking price is *higher* than the valuation, then buyers may struggle to get a mortgage for it.