Opinions please!

DannyboyMidlands

You're laughing then. It doesn't matter if you let it go for £30k.

Mumto3cheekymonkeys

DannyboyMidlands wrote: »

You're laughing then. It doesn't matter if you let it go for £30k.

Ha ha I wish we remortgaged it last year for the deposit on our new property so we owe 50k on that.
I have just seen similar properties on rightmove selling for close to the 130k mark so as I said I would really like the 125k mark but will list it as you suggested before.
Thanks for your advice.

DannyboyMidlands

Mumto3cheekymonkeys wrote: »

I think that is a good suggestion and I think ill suggest that to the EA I decide to go with.
What sort of thing would put you off as a potential buyer?
The house in 3 bed mind terrace 5 mins walk into town. permit parking but overall a quiet area.

Really the only thing that would put me off is price. The area, the parking situation, decor, anything else can be acceptable if the price is right.

Mumto3cheekymonkeys

sooz wrote: »

Stamp Duty Land Tax

Im not sure if it would be exempt? How do I find that out?
thank you.

go_cat

We sold our house a few months ago and I was adamant I wouldn't go below £x however the reality was we ended up accepting less than my minimum !!

It is not a strong market so wait and see what you get offered

Better_Days

Mumto3cheekymonkeys wrote: »

Im not sure if it would be exempt? How do I find that out?
thank you.

Sorry about using abbreviations!
Some areas are exempt - here is the HMRC link
http://www.hmrc.gov.uk/sdlt/reliefs-exemptions/disadvantaged-areas.htm

And B&T sums it up very well with regard to 'offers over'

To answer your question, I wouldn't care whether a property is listed at "offers over" or not. I'd only be prepared to offer you what I thought it was worth to me.

Mumto3cheekymonkeys

Thank you better days, it does qualify for stamp duty. I dont have to pay for the stamp duty do I?

Werdnal

As an aside, I take it you understand that your tenant has no obligation to accept viewings whilst it is on the market. If these are the same tenants as in your other post here this week:

https://forums.moneysavingexpert.com/discussion/3934249=

Even if they do accept viewings, I fear they will actively hamper your sale by putting viewers off. You cannot insist they keep the place tidy and presentable, or even prevent them talking the viewers - telling them its a horrible place to live, nightmare neighbours, bad area - you name it, they are not going to do you any favours!

My advice would be to sort out the problems you have with the tenants first, and if necessary enforce the notice/eviction you are already persuing because of their arrears, before adding the complication of trying to sell the place into the mix!

Mumto3cheekymonkeys

Werdnal wrote: »

As an aside, I take it you understand that your tenant has no obligation to accept viewings whilst it is on the market. If these are the same tenants as in your other post here this week:

https://forums.moneysavingexpert.com/discussion/3934249=

Even if they do accept viewings, I fear they will actively hamper your sale by putting viewers off. You cannot insist they keep the place tidy and presentable, or even prevent them talking the viewers - telling them its a horrible place to live, nightmare neighbours, bad area - you name it, they are not going to do you any favours!

My advice would be to sort out the problems you have with the tenants first, and if necessary enforce the notice/eviction you are already persuing because of their arrears, before adding the complication of trying to sell the place into the mix!

Thank you for your post. We agree to a point however yesterday I was being rash as the tenant had been pushing my buttons. yesterday evening the tenant gave me a call saying that he had my rent money, the council are now going to pay all rent to us and he has agreed he will allow viewings. He has also told us he was looking to move somewhere else and could he give us his 2 months notice which we agreed. He has told us he is happy for viewings to commence as long as I am present at the property to which I have agreed. I have told him I will never enter the house without his prior consent.
So Fingers crossed we will part on good terms.

Werdnal

Mumto3cheekymonkeys wrote: »

He has told us he is happy for viewings to commence as long as I am present at the property to which I have agreed. I have told him I will never enter the house without his prior consent.

I hope it works out for you. I tried to sell my flat with a tenant in place who also gave his word he would allow viewings. He actually moved in knowing the property was on the market, but was desperate for a place quickly, so agreed to allow EA to contact him direct to arrange any viewings, so long as they gave reasonable notice. He allowed first viewing, then refused to answer the phone or the door to make any other arrangements. Also EA said he was rude to the viewer that did visit and the place was less than presentable, hence they didn't come back with an offer.

I'm not knocking the tenant at all, that was his right, but just warning you that saying they will allow viewings, doesn't guarantee anything, so nothing is certain! In hindsight, I always advise people to get their tenant out, present the property well, and the rent you may lose in the short time it will be empty, may be far outweighed by securing a quick and hassle free sale.