Our buyer

Dan-Dan

for interests sake......this is our buyers house , lovely but i think too steep....

http://www.rightmove.co.uk/property-for-sale/property-37929682.html

DaftyDuck

So it was previously marketed in 2009 - and failed to sell - at £250,000.

They are now "pricing it to sell" at £360,000.

They have updated the interior since then (some laminate flooring and a new suite of furniture...hah), so they've clearly added £160k to the value in 4 years... so long as they throw in the sofa!

There's an approximate 5% increase in prices for the area in those four years, so that would be a selling price of £262,500, and then ... it wouldn't sell, just like before!

I don't think they are serious about wanting to buy your house. so just go to market and inform them they can deal with the agent!

Dan-Dan

hi dafty , how did you get the previous attempted sale price ??!

Dan-Dan

told her we would be marketing the property , feel bad now...

she says ..


That is understandable. Although sad as I would still like the opportunity to buy the bungalow and it has only been just 3 weeks to date.

You go ahead and market the property and if I am in a position to proceed before another party then we can go as planned. Ensure you tell your selling agent that you have already accepted an offer from me privately so that you will not be liable for fees should I buy and just keep me posted. If you get an offer substantially below the one we have agreed please let me know as I would be able to lower the price of mine in order to sell it quicker but am not able to do that at the moment due to our agreed price of £320K. The figures have to add up at the end of the day and all you want is a person in a better position than me to sell.

Do not be fooled into getting involved with a person in a completed chain unless you can be sure ( your solicitor would check for you) that the chain is complete and all finances are in place and all surveys have been undertaken. In my experience agents will tell you want you want to hear rather than the whole truth and you may find you are in the same waiting game as with me but having to pay fees. Get a buyer that is either cash or in rented and ready proceed.

Keep in touch and I will email you as soon as I am in a position to go ahead.

DRP

Dan-Dan wrote: »

told her we would be marketing the property , feel bad now...

she says ..


That is understandable. Although sad as I would still like the opportunity to buy the bungalow and it has only been just 3 weeks to date.

You go ahead and market the property and if I am in a position to proceed before another party then we can go as planned. Ensure you tell your selling agent that you have already accepted an offer from me privately so that you will not be liable for fees should I buy and just keep me posted. If you get an offer substantially below the one we have agreed please let me know as I would be able to lower the price of mine in order to sell it quicker but am not able to do that at the moment due to our agreed price of £320K. The figures have to add up at the end of the day and all you want is a person in a better position than me to sell.

Do not be fooled into getting involved with a person in a completed chain unless you can be sure ( your solicitor would check for you) that the chain is complete and all finances are in place and all surveys have been undertaken. In my experience agents will tell you want you want to hear rather than the whole truth and you may find you are in the same waiting game as with me but having to pay fees. Get a buyer that is either cash or in rented and ready proceed.

Keep in touch and I will email you as soon as I am in a position to go ahead.

thanks for the update.

Just a quick question - if you now decide to take on an EA to sell your place. Isn't it fairly likely the EA will increase your fee (eg 1.5% rather than 1%) , because in all likelihood he could do his job but end up with nothing because you already have a potential buyer in place?

Dan-Dan

yes , that is a very valid point , but on the other hand , my wife is friends from school with the one coming on wednesday , so i think on the balance of probability , they will go for the 3k plus possible income over the 0 income , especailly as the reason were calling them in is because our buyer is not in any position to proceed...

moneyistooshorttomention

Dan-Dan wrote: »

for interests sake......this is our buyers house , lovely but i think too steep....

http://www.rightmove.co.uk/property-for-sale/property-37929682.html

Nice house. The way they have presented it comes over as "serious about selling". The only thing that's not clear (from a different area of the country) is it's not possible for most of us to tell how realistic/or otherwise they are about the price charged for it. We will obviously all compare with our own area of the country and decide too dear/about right/bargain from our own personal viewpoints - so we cant answer that question for you.

I'm from somewhere with an Outer London price level for housing and it sounds a bit dear to me - but what would I know? I'm not in your area...so cant judge it accurately...

Ivana_Tinkle

With the best will in the world, she can't afford the house. (Or at least she can't afford to buy it unless she achieves a price for hers which you think is wildly unrealistic.) I'm sure she's very motivated and sincere in her desire to buy it, but if she can't raise the cash...

DaftyDuck

Sounds like a friendly exchange... keep her posted, and she might buy it in the end, you never know.

Agent's fees are always fairly negotiable. Concern might be that, if they see the other potential house looking like it is selling, they may lose interest in marketing.

Dan-Dan... price in 2009 is here Zoopla

DaftyDuck

Moneyitstm... the house is seriously overpriced. I am using local information, not national. I see nothing in the presentation that says to me "serious about selling" as you suggest, and, given they have bumped the price up 45% in 4 years, not the street-generated 5% in that time says it is not priced to sell. It is ridiculously overpriced. There are no changes to kitchen, bathroom, no extension added, nothing except cheap laminate flooring and tacky new handles.

£250,000 in 2009, and no sale.... £360,000 today... for a "serious about selling" price? Only a fool would even view it!!!

As to it being a nice house... well, bland and just like any other modern one in the area... and there are plenty there, priced more sensibly too... I'd say, but taste is a personal thing.

She's an estate agent... well, she's either in absolutely no hurry to sell, or got absolutely no idea of her local area.

It might sell at that price... one can't say it won't, but it certainly won't sell to anyone wise in property, that's for sure.