Quit everything , and start again over 50?

harz99

TBH Smodlet, guide prices belong in auctions, not on houses on the open market - my opinion.

lessonlearned

harz99 wrote: »

TBH Smodlet, guide prices belong in auctions, not on houses on the open market - my opinion.

The housing market is a mess.

Harz is right, EAS seem to have borrowed the phrase "guide price" from the auction houses. Lord only knows why.

And then of course there is now the spectre of the dreaded "modern auction".

As for "open houses" and multiple viewings. Spare me.

A load of old tosh.:rotfl:

Maybe I'm just getting old and crabby but to me it's all style and no substance.

Smodlet

A load of old tosh it may be but if that's how people choose to sell their houses, buyers can either put up with it or walk away from it. I thoroughly dislike it too but, if you want a property badly enough, what do you do? It does not say whether it is an auction property or not that I can see, though usually it is stated if it is.

AnotherJoe

another_casualty wrote: »

Thanks harz. Not that one . Wrong side of parkstone for me, but it looks great . If I could get the same thing , on the other side of parkstone I would go for it .
There are 2 flats ( 2 bed/ bathroom ) in chapel point which look good .£230k tho . As a cash buyer I would bid £202k and see what gives.
The bloomin service charges though ( about £125 a month) .
The ground floor has a nice private patio .
And there's one in Coates avenue that looks good also .
There is an odd shaped ' penthouse' in Danecourt road , but not sure of the Windows . Massive tho
I'll lookup houses instead of flats , and see if there's anything about :)0

Don't overestimate what being a cash buyer gets you. unless you are lucky with a buyer absolutely desperate to move quickly its worth nowhere near that sort of discount.

lessonlearned

You are right, buyers are fored to play the game.

However if you were confused by the terminology how many others get it wrong.

There will be people who look on RM see the words "guide price" and just assume it's an auction property.

Given the risks involved with buying at auction then some people will be simply be put off trying to buy and won't bother investigating further.

So it might seem fashionable or a nice new way of catching the buyers attention but the reality is it could be restricting the pool of buyers.

Same with open houses. This used to be reserved for new builds. I've hosted dozens of open house days. Fine for a launch of a new development but I don't feel it is effective for a private sale. Again i think it gives the wrong vibes and it can put off buyers. They feel threatened because they see there is a lot of interest and feel that their bid will be a waste of time. So they get put off.

As for modern auctions. I think you will find that Most buyers object very strongly to paying a non refundable 5 per cent "deposit" which actually is just the auctioneers fee.

My opinion is if you are a vendor you need to follow the old sales mantra - KISS - Keep It Simple Stupid. You need to keep things clear and simple so as not to add any confusion. A vendor has to make it easy for the purchaser to buy. And this starts with the advertising and marketing.

lessonlearned

AnotherJoe wrote: »

Don't overestimate what being a cash buyer gets you. unless you are lucky with a buyer absolutely desperate to move quickly its worth nowhere near that sort of discount.

Depends on the state of the market and how desperate the vendor is. I can't speak for Poole but I know my area is still reasonably buoyant so 10 per cent would be pushing it.

harz99

AnotherJoe wrote: »

Don't overestimate what being a cash buyer gets you. unless you are lucky with a buyer absolutely desperate to move quickly its worth nowhere near that sort of discount.

AC did say "and see what gives", in other words if the offer is not accepted negotiate from there.


IMHO 10% below is not a bad starting point for a property that has stuck for several months, which pretty much always means it's overpriced.


Sensibly priced property never hangs around long, unless of course the market is completely dead in that area and/or there is something very wrong with either location or property condition.

anna_1977

Like you've already been told don't assume because you're a cashbuyer people will jump for you.

My buyer wanted £10k off and because he was cash he thought I'd jump at it. I refused. When I spoke to my solicitor about it she was saying that cash buyers nowadays think they are 'god' and that's not the case

another_casualty

Interesting thoughts there:) a lot of people have questioned my parentage , despite the fact I think I'm god :)Names beginning with the lette b , Spring to mind for many .
I suppose I'll cross that bridge when I come to it .

Awaiting the response regarding the survey . Looked briefly just now about removal quotes . At the moment one site gave me 3 quotes, ranging from about £470- £850, so I'll assume £1000. I hate surprises .
May start attacking the clutter this week, as I'm on early shift & will give my behind a bit of a kick..:)
Just had phone call from my colleague. His wife is ill, so early shift is out .
Decluttering will have to wait:(

joeyjimbles

I'm sure you will get lots of good advice on removal firms - but from experience they vary massively. I would suggest that you get 2-3 (more?) around for a proper quote - and see how they handle you. When we moved last I invited 5 different companies come and quote, one did it on the back of an envelope, another didn't show, and the other 3 did proper quotes on preset forms with lots of detail. We went with Britannia and they were absolutely amazing - broke nothing, drank me out of tea but with good humour, dealt with the delays and all the hassle. They left us with the wardrobe boxes and came back on the Monday to pick them up along with other packing that we didn't still need.