Putting House on Market in next couple of weeks when should I start looking?

bobsa1

I'm having some bits of work done (updating bathroom and decorating hall) and then want to put my house on the market.

The problem is that I think my house will take a long time to sell. It is a very large 5 bed which was originaly a flat roofed art deco house which has been extended and extended.

There is nothing wrong with the house (bar bathroom & hall) it has a large garden, good arear, great school catchment, but part of it still has a flat roof (although relatively new & nothing wrong with it).

I just think it will be on the market for quite a while.

The other problem is that I want very specific things in next house, limited areas, large rooms, large garden etc & I know these don't come up very often where I want them.

When should I start looking, I don't want to be a time waster (having not sold my own house) but I do want to be sure of what I want and even unpromising properties might be suitable when I've seen them.

Any suggestions

mi-key

I really believe any house will sell if you price it right ( example is friends of my wifes, who against the agents advice, put theirs on the market for £340K - and it sat there for 2 years - they eventually reduced the price to £320K and sold within a week ! ).

If you are expecting to get full whack for your house, then be prepared for a long wait - but, also consider house prices are quite likely to drop over the next year because of the interest rate rises, so it may be better to sell cheaper now and get a quick sale, rather than wait 12 months just to get the same price.

Gambler

mi-key wrote:

but, also consider house prices are quite likely to drop over the next year because of the interest rate rises, so it may be better to sell cheaper now and get a quick sale, rather than wait 12 months just to get the same price.

I'm looking to put my house on the market but am hoping that house prices will fall as I'm moving up and will need an extra £100K.

How likely is it that house prices will fall?

Andy_L

Start looking now. You gain nothing by waiting - the people you buy from & sell to are likely to be in a chain as well. At the very least you get a feel for the market. At best you find a chain free house of your dreams who are happy to wait for you to sell

Andy

plane_boy2000

Gambler wrote:

I'm looking to put my house on the market but am hoping that house prices will fall as I'm moving up and will need an extra £100K.

How likely is it that house prices will fall?

How long is a piece of string.................

I bought a new build last year and everybody told me it was a bad idea as it would fall in value and guess what..............its valued at 50K more than I paid for it. My gut feeling is that prices will stall and remain around the same level for a while - maybe a small drop of 5%.

I dont understand how you hoping for a fall will hep as you will get less of rthe house you sell hence the 100K gap will still remain about the same unless you gamble and sell, then rent for 12 months. Could work, or you may fail and find you end up spending more for th house you lived in before!

Gambler

plane_boy2000 wrote:

How long is a piece of string.................


I dont understand how you hoping for a fall will hep as you will get less of rthe house you sell hence the 100K gap will still remain about the same !

Beacuse 5% of £280K to £300K is a bigger drop than 5% of £180K. Every little helps.

MortgageMamma

I think you should be looking now, don't have a conscience about viewing properties just because you have not sold your house. Property is the largest investment most of us ever make, so you are right to see as much as possible of whats available on the market, and start planning early. I would say start looking at least a couple of months before selling

Carl_Henry

Hi there!

As your property is so large have you thought of appying for planning, say to convert into flats?

Also visit a few more forums & mention it's for sale, it needn't take a long time as there is someone for every property - just take massive action to expose what you've got.

Relate to your primary objective; is moving your main goal, or making money by selling up & trading down? your pricing will be the issue in both cases.


Regards,

Carl Henry

bobsa1

Thanks for all the posts, moving is the main goal, nothing wrong with house or area I just want to move.

I'm not really that worried about a price fall, we are in East Yorkshire so haven't seen massive increases and first time buyer properties are still affordable(ish).

I will start looking I think but interesting idea about turning into flats. Carl Henry wich other forums do you suggest please?