DIARY OF A HOUSE SALE - in a "static" house price part of the country

lessonlearned

Well - you've read my pm.

I can understand your decision not to post, can't say as I blame you.

Good luck & kind regards. LL

Angela

Please do tell us when the house sells eventually

dopester

kelpie35 wrote: »

It is people with attitudes like her that don't deserve to sell for the price they THINK their house is worth.

She can sigh all she wants and not back down, given she believes this technique has seen her win her way with everything else in life.

Stubborn people holding out for more than the market will pay, usually, unless they've very lucky indeed, get left behind. She can hold out for peak value for all she wants. Markets move on, values change, and there is nothing stubborn owners with high ideas of what their homes are worth can do about it.

The thread may be 'shut', she may take her home off the market, but markets move on without her. Perhaps one day she'll regret not accepting an offer, instead of holding out for what the market refused to pay in Spring of 2013.

becominganobsessivesaver

dopester wrote: »

She can sigh all she wants and not back down, given she believes this technique has seen her win her way with everything else in life.

Stubborn people holding out for more than the market will pay, usually, unless they've very lucky indeed, get left behind. She can hold out for peak value for all she wants. Markets move on, values change, and there is nothing stubborn owners with high ideas of what their homes are worth can do about it.

The thread may be 'shut', she may take her home off the market, but markets move on without her. Perhaps one day she'll regret not accepting an offer, instead of holding out for what the market refused to pay in Spring of 2013.

I fully agree with you. We were offered 15k under asking and 23k less than we paid (20% fall). Did we slag off the viewer? were we offended? No we waited and looked to see whether that price would enable us to make the move we needed. I think it's paid off for us, as the market round here has really picked up this spring (more on speed of sale than price) and I think it is highly unlikely the house we bought would be here had we waited. It had been on the market for a year with no interest, and there were several others on the estate in a similar limbo. After our offer was accepted they suddenly started selling like hotcakes (one sold within a week).
If we hadn't found a case where the offer worked for us (ie that we found a vendor with a similar mindset to our own) then maybe we wouldn't have accepted that offer, but had we just given a 'not in a million years, how insulting' response I can now see exactly what we'd have missed out on.