How much should I sell my house for?

googler

Present your house at its best, and price it equal to or lower than the competition on the same street.

No point at all in pricing above your neighbour unless there's a clear and demonstrable difference that places yours above theirs?

You already think the house opposite is better than yours, but your bungalow will appeal more to the downsizing elderly buyer, the type who may be starting to have trouble with the stairs in their own house. You need to bear in mind that this class of buyer will be less likely to use online means, and could well rely more on traditional advertising and contact with agents they've dealt with in the past, to find suitable properties.....

How many other bungalows in your street or area? From Zoopla sold prices, is there any indication of the bungalows selling for significantly different prices to the 2-storey houses in your area?

makeyourdaddyproud

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

Provided the survey doesn't reveal any issues, otherwise longer.

I would put it on at the same price as your neighbour.

makeyourdaddyproud

Its real shame hearing stories like this because we are looking for a house in Broadstairs and there are actually none decent enough to buy. C'mon, where are the sellers like you down there?

If anyone has a 4+ bed Victorian era house in Kent I would be interested defo.

Shawn_Dark

Okay so before I go any further, I have the following updates:

1) Of the three estate agents (Kimmit Roberts, Dowen, Pattisons) only one of them (Pattisons) does not seem to advertise on Rightmove. Sadly this is the one my wife and I like of the three. They are the ones who valued at £64/65k or 'offers above £59,950 for a quick sale'.

2) The third Estate Agent (Dowen) came out today, but I've heard that they aren't too good (e.g. price houses low for their own investors, known to con one or two people). They valued the house at £59,950 but said similar bungalows in the area have been advertised for £50k and sold for £45k.

I'm not convinced and the house she showed us (of the two - the other was priced at £65k with Kimmit Roberts) weren't as good as mine - neither had a long garden with a double drive at the bottom. Also their interiors were dated, mine is modern.

Besides, those two houses were in the same area but mine is a much quieter area and a lot more sort after (cul-de-sac street, leading to a walkway for the local dene, nice view of the dene and of the sea). Much closer to the main road.

googler wrote: »

How many other bungalows in your street or area? From Zoopla sold prices, is there any indication of the bungalows selling for significantly different prices to the 2-storey houses in your area?

There is another street of bungalows at the side of my house but that's it. None of them have been on sale for a long, long time.

Its hard to tell the difference in price between the houses and bungalowd because nothing is up for sale, been on sale or showing up on Zoopla or RM (Rightmove).

I got the following from RM:

2nd Nov 2012 £105,000 (3 bed bungalow)
21st Sep 2012 £89,000 (2 bed bungalow)
16th Jul 2010 £54,000 (2 bed bungalow)

There have been 7 property sales on <my street name> over the last 5 years with an average sold house price of £73,000

Shawn_Dark

lincroft1710 wrote: »

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.

Yes I know I'm dreaming a bit there but I guess in reality I am that desperate to get away. I think I am going to advertise this month and aim to sell (i.e. move out before September). Or rent and sell it at he same time if possible.

I am going to go with Pattisons and stick with the £64k price tag. However not being on RM is a bit of a blow so I wonder what their response will be?

LondonDreamer

Abu_Yoosha wrote: »

Yes I know I'm dreaming a bit there but I guess in reality I am that desperate to get away. I think I am going to advertise this month and aim to sell (i.e. move out before September). Or rent and sell it at he same time if possible.

You have to given tenants a minimum of 6 months on their contract. So you won't get a quick timeframe if you let it out, as you'll either limit your market to investors (which will most likely get lower offers) or have to wait until you have vacant possession.

Shawn_Dark

LondonDreamer wrote: »

or have to wait until you have vacant possession.

Sorry, what does that mean?

LondonDreamer

Abu_Yoosha wrote: »

Sorry, what does that mean?

Vacant possession means the tenants have come to the end their contract, it hasn't been renewed and they've left. So the property is empty. Almost always a requirement on sale, unless it's being sold with tenants in place.

R_P_W

Think your making a big mistake choosing an agent that doesn't use rightmove!

You might as well save the money and put an ad in the paper! Seriously use an agent that uses rightmove! It's the first place most people look

Shawn_Dark

R_P_W wrote: »

Think your making a big mistake choosing an agent that doesn't use rightmove!

You might as well save the money and put an ad in the paper! Seriously use an agent that uses rightmove! It's the first place most people look

I'm just waiting for the estate agent to get back to me with an answer on that.

I may just do the whole thing myself anyway. That way I could sell for less and still get my amount (i.e. via saving on fees).