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flat not selling...what now?
shelldanielle
Posts: 153 Forumite
Hi the flats been on the market 2 years had offers and 2 sales fell through cant help but think some people are just time wasters.
We need to sell it fast it is ex-council, can the council buy it back? are auctions straight forward,is that a good step to take? I dont think the estate agent is that good,should we take it off the market for a few months then get a new estate agent?
The flat needs cosmetic work ideally needs new double glazing but cannot afford to buy any.
Were just managing to pay our debts/mortgage etc but were fed up with the debt and just want to be mortgage free we are not bothered about a profit but just want what will cover our debts.
any ideas are welcomed x
We need to sell it fast it is ex-council, can the council buy it back? are auctions straight forward,is that a good step to take? I dont think the estate agent is that good,should we take it off the market for a few months then get a new estate agent?
The flat needs cosmetic work ideally needs new double glazing but cannot afford to buy any.
Were just managing to pay our debts/mortgage etc but were fed up with the debt and just want to be mortgage free we are not bothered about a profit but just want what will cover our debts.
any ideas are welcomed x
2013 Wins
Jelly belly - still awaiting prize
Sanctuary facebook game - Odeon Club card with 3,000 points
Jelly belly - still awaiting prize
Sanctuary facebook game - Odeon Club card with 3,000 points
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Comments
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Not sure if the council will buy it back.
You could look into auctions.
Why not try and do the cosmetic work yourselves - if you think it will increase the chance of a sale.
Failing that you might just need to drop the price considerably if it's not sold in two years!0 -
Is it on Rightmove? Can you post a link to it?0
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already dropped the price alot, cant afford to do alot of cosmetic work but where wallpapers peeling im going to strip bare and paint but still needs double glazing and new bathroom.2013 Wins
Jelly belly - still awaiting prize
Sanctuary facebook game - Odeon Club card with 3,000 points
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If somewhere has not sold in that length of time it is overpriced. I am afraid that you need to reduce the price to the market value rather than what you would like to get for it.0
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You should be able to gauge what people are willing to pay from the distribution of offers you have received.0
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A Rightmove link might be useful
Is the price its up for taking account of the work that needs doing?0 -
If it's ex-council then I assume the council is the freeholder? If so then be aware that the council will have a big say in upgrading the windows and it might be part of their decent homes strategy where they'll come along sooner or later wanting to do the windows. They'll charge you for doing the windows though, they won't be paying for it themselves.0
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