Is there any other option to move quickly?

getmore4less

Been thinking. The consensus seems to be £250k as there is better stuff around.

if you went to the agents and said we need £270k min they are going to price at that to get it on the books but will not want to do any work selling till you are ready to accept £250k might explain the lack of care on the marketing.

Does not explain the viewings unless that was to try and upsell something else.
perhaps people on the books they could get through the door before they have looked at the marketing material.


When you bought what made it attractive at the time.

phoebe1989seb

yorkshire_terrier_owner wrote: »

OK.

1. There is no way you will be able to sell quickly and achieve a high price. If you want a quick move, you need to be in a position to throw money at it, I.e. Take a low price.

This.

In 2011 we needed to sell quickly - to move closer to elderly/sick parents - and in order to do this we priced our house realistically. This meant taking a hit, both on what we'd paid in 2007 and what we'd spent renovating.

All in all we were £60k down......but within two weeks we achieved an offer at a price we were prepared to accept in order to facilitate a quick move and we completed on the sale & the purchase of our new house within three months of putting ours on the market.

Had we hung on for a higher price or priced it higher to start with my guess is we'd still be there now as properties in that price range/type are just not moving, even now.......

You have to decide just how necessary a quick move is in your own situation

mani5ha

I just thought I'd say, I think the house is beautiful!! Although I am an inexperienced FTB, the photos appeal to me, FWIW.

Davesnave

mani5ha wrote: »

I just thought I'd say, I think the house is beautiful!! Although I am an inexperienced FTB, the photos appeal to me, FWIW.

FWIW, I think most FTBs would be more than happy to have a house like this, but that's kind of you.

People on these forums may seem harsh at times, but collectively they have a lot of real experience. Like phoebe, I also took a hit of around 60k to get moved in 2008.

It's a whole heap of no fun, but then neither is doing the Mr Micawber thing!

kimmymjc

Thank you all

We have taken on board the criticism, praise and opinions and will be making some changes. I still can't change the brick walls though

We are moving to be close to family for many reasons and we will also be reducing our outgoings quite substantially which will help with our new baby and toddler.

I will be speaking with our estate agents and making some changes.

I did find some comments quite harsh and some unnecessary but I guess that is to be expected on forums, I am just not used to it, being my first post.

Thanks again for all the advice and help

Tancred

movilogo wrote: »

Offers over £270k is translated to buyer as seller saying "offer me £250k and I'll bite your hand".

It is VERY difficult to get over 250k in this zone.

I can confirm this. I wanted to sell my 3 bed terraced in central Reading last year for £265k - its genuine market price all things being equal. Unfortunately when you are close to the SDLT threshold all things are not equal. We had to settle for £250k + £3k for bits and pieces. I reckon the flaming SDLT threshold cost us around £12k - thankfully we did save over £3k by selling the house through the House Network.

getmore4less

I have reread the thread nothing harsh anywhere.

based on the info given and cutting back to basics.

To move -
You need £270k on a house probably worth £250k max because there is an additional £24k of debt on the reserve which cannot be ported.

Find out why your viewers are not offering.

Consider sell to rent and save up a bigger deposit although that will lose the good rate you want to port.

Borrowing on Woolwich reserves is not that good an idea(unless you have an offset deal) the rates are higher than the mortgage rate and the interest compounds.

getmore4less

kimmymjc wrote: »

The house was originally on for almost £10k over what we need. We weren't getting any viewings though so knew it was over priced. We have put it on offers over on the advice of the agent as we need over £270k but know we won't get £280k for it and don't want time wasters. We had an offer £40k under the asking price hence the 'offers over' approach.

So was that offer around £240k?

That one might have gone up to £250k(£240k was the first offer expecting a rejection). if it was rejected and the agent is under the impression you won't accept £250k then that could explain no further offers the Agent might be giving that info to the punters so they don't bother.

ReadingTim

kimmymjc wrote: »

I did find some comments quite harsh and some unnecessary but I guess that is to be expected on forums, I am just not used to it, being my first post.

"Harsh and unncessary" would be to describe your house as "'a soulless executive rabbit hutch decorated in a style which is less premier league footballers' wives, more Matalan 'affordable luxury'; on the market by a deluded seller for at least £20k more than what it's worth...."

That's harsh and unnecessary....and no-one said anything like it!!! You simply recieved some constructive criticism which you didn't like. People on here do want to help so stick around - perhaps read other posts as the theme of your question is quite common, and the answers are quite similar.

PerpetualStudent

ReadingTim wrote: »

"Harsh and unncessary" would be to describe your house as "'a soulless executive rabbit hutch decorated in a style which is less premier league footballers' wives, more Matalan 'affordable luxury'; on the market by a deluded seller for at least £20k more than what it's worth...."

Um, I think we might need to recognise this is partly down to a matter of taste. This house isn't decorated to my taste, but then my sister would adore it for example.

When another above poster started describing their concept of 'aspirational' I scoffed out loud. If someone tried to strew a house with Michael Le Roux cookbooks in an effort to convince me to buy it I'm afraid all that would achieve is a distinct possibility I might add to the aspirational nature of the property by asperationally vomming on their carpet during a viewing. Or in the Le Cruset if I could reach it, obs....

Point is it's horses for courses, and of course you need the place looking clean and bright, but surely you can't start totally redecorating, or purchasing certain cookware or handwash brands, just to try create some pre-conceived idea of what 'buyers' want.

I think the issues of pricing around the stamp duty mark, and possibily broader issues with the looming back garden wall are of more interest here to the OP here, rather than catty comments about someone's interior design skills.