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Need to get rid of my house. Help
Comments
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To an extent we got lucky - it was in 2009 when the market had started to tank but probably wasn't quite as bad as it is now. However, we priced low and were willing to accept an offer even when the EA said we could get a few £k more if we waited longer. Patience isn't my strong point.
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We priced our last house realistically (*low*) when we needed to sell to move closer to ageing family members last year. We deliberately took a huge financial hit on what we'd paid three years previously plus costs of work done, but by doing this - and fortunately we could afford to do it & remain mortgage-free when moving on as well as keeping savings for new renovations - we accepted an offer we were happy with within two weeks.
When the EAs came to value it we made it clear we were looking to achieve a quick sale and that we wanted to price accordingly. In our area properties were not selling and although our house stood out from the rest, it was not typical of what buyers in that area were looking for. Our former neighbour (in a house that was typical for the area) who named his own price to the EA (and the EA told us he thought that the price was way too high!) marketed his before us and over a year later it still hasn't sold.......
We considered the auction option, but our one-off, high-spec Tudor house didn't fit the bill of the typical run-down properties you see on tv programmmes and the only auction company that returned our call failed to follow it up after viewing the house.
However, if you have a house that might be better suited than ours was to the auction room, that's definitely an option I would be considering
Whatever you do, don't touch a 'quick buy' company with a barge pole!Mortgage-free for fourteen years!
Over £40,000 mis-sold PPI reclaimed0 -
quick buy companies value the house at say 70% of market, you pay all their fees and then at 11.59 before exchange they chunk another 10% off, yeah, real value that and well worth not waiting two weeks longer for...
An investor buying a cheap house will be able to shift monies about quick enough to get a good quick sale and if you price at 90% market value you will have investors sniffing about quick smart as the agent will already have his preferred buyers alerted to the fact that something quick and cheap has hit the books.Sealed pot challange no: 3390 -
quick buy companies value the house at say 70% of market, you pay all their fees and then at 11.59 before exchange they chunk another 10% off, yeah, real value that and well worth not waiting two weeks longer for...
An investor buying a cheap house will be able to shift monies about quick enough to get a good quick sale and if you price at 90% market value you will have investors sniffing about quick smart as the agent will already have his preferred buyers alerted to the fact that something quick and cheap has hit the books.
Thanks. I am hoping there is a decent investor out there who will be interested, when I get round to putting it on the market.0 -
Thanks. I am hoping there is a decent investor out there who will be interested, when I get round to putting it on the market.
The one crucial question nobody has asked is whether you own the house yourself, or jointly with your partner? If the latter, what does he say about all this?No reliance should be placed on the above! Absolutely none, do you hear?0 -
The one crucial question nobody has asked is whether you own the house yourself, or jointly with your partner? If the latter, what does he say about all this?
We own the house jointly but think even he has realised that there is only one option left and that is to get out. If this proves not to be the case than he is even sillier than I thought!0 -
Then you need to get his agreement to all this.No reliance should be placed on the above! Absolutely none, do you hear?0
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The way our situation is I cannot see a way to him not agreeing. Plus, it will cost more legally the longer it goes on so the sooner it gets resolved the better for all involved!
You need to negotiate the terms of your estate agent's contract so that there is no liability to pay any fees unless the sale actually completes.No reliance should be placed on the above! Absolutely none, do you hear?0
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