Selling a 4 bed sandstone - advice needed!

AdrianC

hcb42 wrote: »

just seen that new Scottish land tax on the TV at the moment. Sheesh...! That will impact a lot of families in many areas who are not particularly well off .

Possibly a bit of a stretch - the tipping-point above which you'll pay more tax under the proposed system is £325k. About twice the Scottish average house price...

On the other hand, if someone is in the market for a big house, then it could work in your favour.

Yep. Get the sale completed before April, and the buyer will save a bit of tax.

How much...?
Well, under the current system, it'd be 3% of £400k = £12,000.
Under the new Scottish system it'd be 0% of £135k, 2% of £115k, then 10% of £150k = £17,300

So the £5,300 difference is a bit over 1% of the total purchase cost, fees etc included. Not really going to make a massive difference, psychology excluded.
http://www.bbc.co.uk/news/uk-scotland-scotland-politics-29559618

martin.cat

Reads well

I would be tempted to turf the rear garden as it just looks unfinished and you need to market it as no expense spared with attention to detail to get a offer of 400k

I would also find out the cost for pulling the agent or adding another one

ecgirl07

New description reads well and covers all points raised.

Beeches3

Thank you all so much again...talking with my OH about trying to get out of the EA just now, so we'll see how that goes! Want to have a frank discussion with them tomorrow!!
AX

Slinky

I'm curious why you are marketing this as having a downstairs bedroom, yet you have a room marketed as a study upstairs?

Beeches3

Thanks Slinky, if my agent had a floor plan you would see that the study upstairs was a former bedroom and we knocked through there to access the new room, so technically you can't have a bedroom with access through to other rooms.

regprentice

I found the property to be an odd mix of old and new. i think a lot of people potentially interested in the house wont like the interior and people who want a 'modern' interior may not like the exterior.

I think your initial problem is price. But if the property was 100K less i suspect that you would have still posted the same thread on here. You dont need the 'right price' so much as you need the 'right buyer'. A lower price is going to push you down into the search criteria for more potential buyers but i still think you are going to need the 'right' buyer.

Part of this is location. Part of this is the housing market. I have a few collegaues spending this kind of money on houses in similar areas (i'm on the east coast so i'm going to mentally use Bathgate as a proxy for Airdrie...hope thats not offensive) But they are all buying newbuilds via help to buy and using part exchange schemes to sell their previous homes.

Where i live property simply isn't moving. My neighbour recently had a viewing. His EA had found someone interested an ex council semi like his. The EA was so desperate to keep that single buyer that they organised visits to FOURTEEN properties in their price band in a weekend to keep them buying through them. Thats one person who came to see his house in 3 months and his own EA had organised thirteen competing viewings. You have the equal and opposite problem in that you are at the opposite end of the market but with a similarly small pool of buyers.

There will be formites in the south who look to their local housing market and think this is a joke but its completely true.

I think you have to accept that this property in this location will take time to sell. You either have to be brave and resolve the issue thats forcing you to sell another way, sit it out for the 'right' buyer or have a firesale.

Beeches3

regprentice wrote: »

I found the property to be an odd mix of old and new. i think a lot of people potentially interested in the house wont like the interior and people who want a 'modern' interior may not like the exterior.

I think your initial problem is price. But if the property was 100K less i suspect that you would have still posted the same thread on here. You dont need the 'right price' so much as you need the 'right buyer'. A lower price is going to push you down into the search criteria for more potential buyers but i still think you are going to need the 'right' buyer.

Part of this is location. Part of this is the housing market. I have a few collegaues spending this kind of money on houses in similar areas (i'm on the east coast so i'm going to mentally use Bathgate as a proxy for Airdrie...hope thats not offensive) But they are all buying newbuilds via help to buy and using part exchange schemes to sell their previous homes.

Where i live property simply isn't moving. My neighbour recently had a viewing. His EA had found someone interested an ex council semi like his. The EA was so desperate to keep that single buyer that they organised visits to FOURTEEN properties in their price band in a weekend to keep them buying through them. Thats one person who came to see his house in 3 months and his own EA had organised thirteen competing viewings. You have the equal and opposite problem in that you are at the opposite end of the market but with a similarly small pool of buyers.

There will be formites in the south who look to their local housing market and think this is a joke but its completely true.

I think you have to accept that this property in this location will take time to sell. You either have to be brave and resolve the issue thats forcing you to sell another way, sit it out for the 'right' buyer or have a firesale.

Thanks regprentice, I'm not offered at your comparable!!:rotfl:
You are so right, if I had 400K to buy a house, I think I might try other areas first;)!! But we are where we are and trying to sort out the things I can fix will/should help then we'll take it from there...a firesale sounds appealing!!!

Beeches3

sorry that should have read offended!!

hardpressed

My opinion for what it's worth. Electric gates make me think it's not a very safe area. Kitchen is too small for a 4/5 bedroomed house, dining room needs to be next to the kitchen. From the pictures the back garden looks very small and the area outside the sitting room window is a mess. The garden is overlooked from the rear. I personally don't like Jack and Jill bathrooms. Sorry to be so blunt but I wouldn't be viewing.