Neighbour has put hers up for sale as well!

neas

this is like a house we looked at... vendor bought it jan 2008 for 205k.... on market for 205k... with alot of extra work done to it.... didnt move for 2 months... dropped price to 195k... its still overpriced. Its more closer to 180k what its worth due to falling market....

Also they have half finished works so its closer to 170k :P

redhead123

sunshinetours wrote: »

No offence but at that price bracket I would say there is a lot of difference in the saleability of the two. A loft room (providing it has some sort of fixed staircase) will add value if its been done well. In a small house like these that is a lot of extra living space , although a lot less storage I guess!

The summer house again probably adds to saleability at that price level although the Op does also have an outhouse which presumably could be converted into a home office etc

If I was looking at that sort of price level in that area I know, I am afraid, which one I would be more interested in on paper

Good luck!

I don't disagree at all. But if hers sells quick then I guess I can breathe a sigh of relief becaseu I still think there is a lack of small properties on the market at the under 130K price bracket. So it may be that people who don't get hers might be interestd in mine and put in an offer not too much lower than 125? I wouldn't drop below 120 - I'd rent it then instead. I think it I was looking to buy another then it would be a different story.

mattdragon2

As someone who was looking to buy a house (not now, going to wait), I would pick the other persons house since it has a bigger kitchen and the loft room.

Your garden looks a bit messy. I think you should do the pictures like the one in the other house. You can see more from it.

The fact is a lot of people bought high and selling now means they will make a loss. Your in a good position that you don't have to sell. But a warning that even though in the long term house prices go up, it could take 10 years for them to actually start going back up.

A house I viewed 1 year ago was selling for 130k, looking back now he had to drop his property by at least 10k and hasn't sold still. He was offered 120k back then too but didnt take it.

Renting is not as easy as people say it is. You need to learn all the laws, how to cope in situations etc.

A lodger is easier but you have to let your bank and insurance company know. If you earn a certain amount from the lodger you have to pay tax on it too. 4k something. You do lose some sense of freedom. The reason I want a house is to get out of the housesharing thing. It can drive you nuts sometimes.

If you do live with a lodger, you also won't get council tax benefit, your gas, water, electric go up too.

The banks can't keep the rates forever at 0.5%, they will go up and after a general election you can bet they will. By how much, is the question.

PayDay

redhead123 wrote: »

I don't disagree at all. But if hers sells quick then I guess I can breathe a sigh of relief becaseu I still think there is a lack of small properties on the market at the under 130K price bracket. So it may be that people who don't get hers might be interestd in mine and put in an offer not too much lower than 125? I wouldn't drop below 120 - I'd rent it then instead. I think it I was looking to buy another then it would be a different story.

Have you asked your lender if they will allow you to rent your house out?

Can your OH sell his house and move in with you? Then put yours up for sale when your neighbour's has sold?

dopester

Your neighbour's house up for sale hit Rightmove today.

pingu2209

redhead123 wrote: »

Does the 'NO Chain' thing make any difference or not reallY?

I agree, I thought the No chain was really only a point of interest for sellers if their buyers had no chain. Not really a selling point for buyers if the sellers have no chain, certainly only a very minimal one.

pingu2209

If your neighbour's house is so much larger and better kept, how can you justify asking £500 more for your house than theirs?

Even if they sold quickly any buyer would look at sold prices, see what the neighbours sold for and tell you to drop your price, and I would say by a considerable amount too; at least £10k.

What you paid for it is a total irrelevancy.

Ask your EA what your house is worth in light of the neighbours going up for sale?

In terms of your pictures, in your bedroom photo you have left the wardrobe door closed with an item of clothing stuck out - very messy!

SailorSam

If you reduce your asking price your neighbour may reduce hers and get a quick sale, once you've got rid of her put your own up again.

redhead123

pingu2209 wrote: »

If your neighbour's house is so much larger and better kept, how can you justify asking £500 more for your house than theirs?

Even if they sold quickly any buyer would look at sold prices, see what the neighbours sold for and tell you to drop your price, and I would say by a considerable amount too; at least £10k.

What you paid for it is a total irrelevancy.

Ask your EA what your house is worth in light of the neighbours going up for sale?

In terms of your pictures, in your bedroom photo you have left the wardrobe door closed with an item of clothing stuck out - very messy!

I think I need to get the photos re-done!!!!!!!!!!

As for her price - well I put mine up first so I didn't know she was going to price it less than mine!

Apparently if you have someone rent a room off you you can get about 4K tax free?

I'm now thinking quite seriously about the rental option.

My OH wont' move into mine with me (his wuold sell easily, in a nicer area) because mine's small so I'm a bit stuck.

flaura

2 of my neighbours did the same to me - they sold theirs and we rented ours for 6 months and just sold ours to the tenants for 7k more than theirs although ours were exactly the same size and ours is better condition.... if you are not in a rush, let it, and wait until hers is sold and spend the time doing up your OHs together