How can I get rid of my house?

marshmallowsryummy

Try marketing it yourself,the no offers bit is off putting,but the hose looks peachy!Self marketing will save you + the buyer money in the long run.
Don't appear desperate to potential buyers........fairly neutral so not much cosmetic work needed.
Also bear in mind seasonal variations with buyers,but most of all,don't give up,stick with it,it will sell,just wait for an offer before you find the house of your dreams........good luck

macaque_2

debt426yo wrote: »

My house is lovely (in my opinion), but its not selling! I am in desperate need to get rid of it as this will leave me debt free. I got a letter yesterday saying that my repayments are going up another £300 on 1st Sept and I cannot afford it. I dont know what to do. I have £48k secured debt costing almost £650 a month and new mortgage payments are £1129.

Any suggestions anyone?

Have a look at my house if you want, and feel free to give me suggestions.

http://www.homesonview.co.uk/scripts/ShowProperty.asp?css=&CompanyID=OYSTPOOL&AgencyID=OYSTPOOL&ID=OOP00447#tabs

Many Thanks

There is only one reason that your house is not selling. You are asking too much money for it. If you drop the price, you will sell it.

In recent years home owners across the land have started to believe that properties can only go up in price.

Kez100

It's a lovely place. I'm sure it's the price. I also didn't like the original 'No offers' - it comes across as arrogant (which I am sure you are not). I think changing that is good.

Greenstuff_2

Wow your house is stunning, I'd buy it, where I live it would be priced at half a Million (East Hertfordshire).
My opinion is that it's worth what someone will pay and as Dozzergirl said you can't make it worth what you want it to be, sorry!
You are in the position that so many face now, houses are simply not seling as people can't drop their price for the same reason as you or they need the equity to be able to pay the asking prices for a new property.
I'd strongly advise dropping the price till it sells, whatever that may end up as, if you still have debt at the end it will be much more managable and being an MSEer you will quickly be able to pay it off one way or another.
So many are coming to the end of their fixed rates this year and they will be forced to sell driving prices down at what could be an alarming rate, you really don't want to miss the boat altogether, sell now while there are still buyers, people will be much less willing to buy in a falling market.
If you are going to a variable rate in September you could find your payments going up again and again, there are suggestions that there will be another rise in September.
Best of luck to you. x

Gorgeous_George

I'm sure price is the major factor. I'd suggest marketing it with new cheap agents or doing so yourself. This could save you about £5K. Maybe Tesco would do. Have an open day and ask for all offers. You can still say no if you wish but at least you would have an idea of what people might pay (and therefore its value).

The second reason is probably the weather. Blackpool can be quite depressing in the rain so people are less likely to move into the area.



GG

izzybusy23

Gorgeous_George wrote: »

Have an open day and ask for all offers. You can still say no if you wish but at least you would have an idea of what people might pay (and therefore its value).

The second reason is probably the weather. Blackpool can be quite depressing in the rain so people are less likely to move into the area.



GG

I totally agree that having an open day is a great idea. At least it gets people through the door and again ask for all offers that were made.. then base your decision on that. And as far as Blackpool is concerned, not clued up on the area but apart from the pleasure beach, what else has it got going for it?

Also glad to hear you have dropped the 'no offers' from your listing.. when I saw it I thought 'cheeky sod'... as unfortunately it is no longer a sellers market and you should be prepared to be flexible in a falling market. Seeing 'no offers' being listed is about as arrogant as 'offers over £xxxx'

Good luck.

Edited to say that I think your house looks lovely by the way.. I would be put off by the dining room and although I do not think I am an 'anne maurice'.. I deffo think that the blue you have used is quite a depressing colour. Ok, people can paint it to their own requirements when they move in, but its not doing the listing any favours so I personally would drop that picture.

IHateDida

Doozergirl wrote: »

Decor might be a reason why a house doesn't sell if the price doesn't reflect the condition.

I just hate the way that people see threads like this as an opportunity to redecorate people's perfectly good houses instead of genuinely thinking about all the other reasons that it might not sell and trying to compare to the rest of the local market. quote]

But surely you want to show the house in the best possible light - if the blue in the dining room makes the room look narrow - people may not see around this and just think the room is very narrow instead of thinking maybe it would look bigger if I painted it white. Some people don't want to do anything when they move into a house - our current house buyer is like this and commented on how she liked the paint we've used and that one of the reasons she chose the house is because she doesn't have to do a thing to it! For the price of a tin of paint....

If people ask for suggestions on how we, as buyers would view the house, then would it not be truthful to say the things that immediately come to our minds, than just say "everything sells.....for a price" (like some do) - which obviously is true, but the OP doesn't sound like they can drop the price by much.

Having said that...the right price will sell it - our EA valued ours at £162,000 - we were convinced that it was the wrong price so after a couple of weeks with no viewings at that price we advised them to drop it to £159,950 and a few weeks later it sold for the full asking price! I would see whereabouts it would fit in a local area search of current prices on Rightmove and see the comparisons with the ones above and below your asking price. This will help you access whether your house is on the market for the correct price.

m00m00

the 'no offers' would certainly put me off.

there is nothing to stop you saying 'no' to any offer put to you if it's not acceptable. Surely it's better to get people in making offers, and getting some idea of what the general 'perception' of it's value is.

guppy

Don't want to confuse things further...but I'd strongly recommend you not trying to market the house yourself given the urgency in this case.

I'm no fan of estate agents, but the truth is, a decent agent will get it sold for you much quicker and probably at a better price. If you really need to get shot of it quick at something close to market value, a decent estate agent is your best bet.

This article argues selling yourself isn't a picnic:

http://news.bbc.co.uk/1/hi/business/6172846.stm

I don't really agree that its turning in to a buyer's market like some above (though I wish it was), but your area might be different.

One thing to remember is agents often give "high" initial valuations to get new business from sellers. If things start to get desperate maybe have a discussion with your agent about the pricing, but take what they say with a pinch of salt, and don't sound too desperate. Knocking off £10,000 at 2% commission only costs them £200 and means they get their money quicker, but to you it could be a disaster.

olly300

There is nothing wrong with the house. However you may want to put a blind or something in the kitchen window so you are not looking straight at the neighbour's kitchen through their window.

I'm in the London where lots of properties have started to be advertised with "no offers" on them because they are priced on one of the stamp duty bands.

Since the price your advertising is not right on the band it's better to advertise the property at a slightly higher but realistic price and allow people to put in offers, then to advertise at the price you must get as people view haggling as part of the buying process.