Selling my House

GAH

Every property will sell at the right price, it just a case of getting it to a level where you get more interest. Some areas are slower than others.

Is reducing to £75k going to make a difference and get people through the door. If it isn't it needs to be lower.

Its better to have a flow of people through the door with lower offers than no people through the door which gets you no offers.

Don't use any of those dodgy companies purchaisng for cash, they will prpbably offer you around £40k ish.

tomatoe_2

why not reduce it to £74,950 and see if anyone bites. That gives you 4k spare to play with from your absaloute bottom price. No doubt a buyer will offer a couple of k less anyway, everyone does.

myhouse_2

What disturbs me is that people are waiting 2 years before they decide they need to make an effort to sell their house. It seems to be a bit of a pattern in the market at present.
Anyway, what you need to do is drum up interest by dropping your price - just because you put it on the market at 71k, doesn't mean a buyer will try to get a further discount, and doesn't mean you have to accept even if they do. As others have said, stick it on at 75k to see if anyone bites and be prepared to reduce further if still no interest.

Blether

Why not rent it out for a while as that should cover the mortgage and then put it back on the market once some of the others sell.

0123jamesp

First of all under no cicumstances let it come to a situation where your property is taken back by the bank. it will cost you alot of money and will probs be sold under market value. even if it means getting a loan to get rid of the negative equity.

Speak to your agent and ask them why it has not sold - they will tell you. if not switch agent

Hate it or love it, an agent will always get you a better price than a cheap "estate agent" website. pick a good one who knows the market and they WILL sell it.

Drathor

Ok

Ive Instrcuted the EA to list the property as "offers from" £75k, the house was valued originally at 89k,

My Property is the cheapest on the street if I cant sell it soon I dont know what im going to do, as im going to be made redunant in a couple of months

To re-ask my original question are there any reputable home buying companies out there - or are they all scams and if so why are they not regulated?

womble12345

First thing I would do is change EA with a new price, this will get you an influx of viewers from their books. I expect your EA is bored of selling the house now.

Drathor

womble12345 wrote: »

First thing I would do is change EA with a new price, this will get you an influx of viewers from their books. I expect your EA is bored of selling the house now.

We have, we changed from the previous one, to the current one in February

GAH

OP, from reading plenty of posts or here about cash buying companies, they may not be scams but you won't be offered anywhere near what you want for the property.

Remember, these companies generally pray on the vunerable. They are also a business and looking to make money.

You have no offers at £75k, they would probably look at offering 50% of that to you. Remember its going to be a risk to such a company buying a property in a falling market.

womble12345

Drathor wrote: »

We have, we changed from the previous one, to the current one in February

Change again now.