How much should I sell my house for?

Shawn_Dark

I'm looking for some advice on the price to sell my house at.

I've had two valuations (the third didn't turn up so I've left them).

The first said £64k or 'offers above £59,950' (if wanting to sell quickly).

The second said between £64k and £67k.

I really want to sell quickly and want to walk away with minimum £56k net (i.e. after all the total costs and charges).

I don't know if it's a good idea to advertise as 'offers above £59,950' because I'm concerned that buyers will simply come along with low offers (e.g. £60k, £60,500).

On the other-hand I am concerned that putting it at £64k or £63k will result in the house not selling quick enough.

moneyuser

Price it lower than the competition if you want to sell quickly.

In this market (in most places) you'll find you get offers below your offer over amount anyway.

Your figures seem quite tight. How much will your fees/charges be? When you say quickly, how quick?

pawsies

Start at 64k and reduce it if there are no suitable offers.

If you feel comfortable, then post the link to rightmove so people on here can advise you on any improvements you can make to increase the value

Shawn_Dark

moneyuser wrote: »

Price it lower than the competition if you want to sell quickly.

In this market (in most places) you'll find you get offers below your offer over amount anyway.

Your figures seem quite tight. How much will your fees/charges be? When you say quickly, how quick?

Forgive me, I'm a complete newcomer to house selling.

There's a two-bed house across the road which is priced at £64k (its probably a better buy in my opinion). It's very, very similar to mine except mine is a bungalow.

I have no idea's how much the fees will be (finding out from the estate agents tomorrow hopefully). I guess they estate agents charge around 1% then there is solicitor costs, etc.

I want to sell ASAP (e.g. a month or two) but at the latest I can wait for three months. After that I would just rent it out and rent in the area which I want to move to (closer to family, work, friends, etc.).

Shawn_Dark

pawsies wrote: »

Start at 64k and reduce it if there are no suitable offers.

If you feel comfortable, then post the link to rightmove so people on here can advise you on any improvements you can make to increase the value

How does Rightmove work?

I understand they only deal with Estate Agents for selling. But, will a good estate agent advertise through them? Or could I do that myself? I don't want to break any contract or incur a fine, etc.

gazter

Abu_Yoosha wrote: »

How does Rightmove work?

I understand they only deal with Estate Agents for selling. But, will a good estate agent advertise through them? Or could I do that myself? I don't want to break any contract or incur a fine, etc.

Rightmove is a website that pretty much all estate agents put houses for sale on, the poster i think is assuming that your house is already on the market.

BitterAndTwisted

Don't sign with an agent who won't put your property up on RightMove.

Disregard what price other properties are currently being offered at: WHAT PRICE HAVE SIMILAR PROPERTIES IN THE SAME NEIGHBOURHOOD ACTUALLY SOLD FOR IN THE LAST SIX MONTHS?

Yorkie1

There are a lot of threads on here about whether "offers above" is a good tactic. Some people are unfazed by it, ignore it, and offer what they think it is worth (usually below the given price). Others, like me, hate it and automatically expect the seller to be a misguided person who thinks their house is worth more than it is, and will refuse to negotiate.

moneyuser

Did you not get the fees when you had the valuations? Only the EA can advertise on Rightmove so you need to ask before signing any contract. You can search on RM for an agent as well if you want to check they are on.

You will be probably be looking at somewhere between 1500-2000 for fees since you're not buying somewhere else.

How long has the other one been on the market? This other house complicates things but I suppose if you put it on for 65 you can always accept a lower offer. If you don't get viewers then you're going to have problems selling at a price you want. However, I would rather take a hit of 1-2k and being able to move on rather than have the hassle of renting out a property.

Shawn_Dark

moneyuser wrote: »

Did you not get the fees when you had the valuations? Only the EA can advertise on Rightmove so you need to ask before signing any contract. You can search on RM for an agent as well if you want to check they are on.

You will be probably be looking at somewhere between 1500-2000 for fees since you're not buying somewhere else.

How long has the other one been on the market? This other house complicates things but I suppose if you put it on for 65 you can always accept a lower offer. If you don't get viewers then you're going to have problems selling at a price you want. However, I would rather take a hit of 1-2k and being able to move on rather than have the hassle of renting out a property.

The other one has had the sign up for a few weeks (really frustrating as the timing is terrible and its literally opposite my house).

I really want to get out as soon as possible (it's a long story) so like I said I don't mind getting less than £60k if it means a very quick sale (e.g. within a month).

I've rented seven times in nine years so yes I also want to avoid the hassle renting.

lincroft1710

1) It often takes 3 months from offer accepted to completion. 1 month is just not on.

2) Houses and bungalows are not similar, and they often appeal to a different market.

3) Even if it is marketed at £67K, you may only get sub £60K offers.