Selling my house

Wilbert

I am trying to sell my house and am looking for any advice you can offer.
It's been up for sale via new build builders at £79,000 using express move package, estate agents were useless didn't return calls no updates etc.

I really want to relocate to a different area and have found a house I really want to buy which is substantially reduced so have changed my estate agents and moved away from the original builders express move package so I'm not tied in to one builder and have reduced my house originally to £75000 but then agreed to £67500 to try and secure the new build I want before Xmas. I need to be in a proceedable chain before I can reserve it.

Whilst up for sale at £79,000 I didn't get a single viewing, I think it was priced too high, I'm in the north east of England in an old mining village. Although several local estate agents did value at £79,000.

Any suggestions on anything I can do to improve my chances of selling?
I need an offer of about £63,000 to make things work.
It's a four bedroom terraced house with modern kitchen and bathroom, conservatory, recently upgraded central heating system and has just been decorated top to bottom. Ideal family house, has two large reception rooms but also great rental potential. We have basically extended the house to its maximum so it's a lot bigger than other houses in the street. One sold in the street earlier this year for £55,000 but it hadn't had any extension/loft conversion etc and needed quite a bit of updating.

People keep telling me it's the wrong time of year to sell a house but if anyone has any other ideas/suggestions I would appreciate them.

I can't post a link to right move but postcode is SR8 4DR it's the only house currently advertised in the street.

Thanks

divadee

http://www.rightmove.co.uk/property-for-sale/property-38012538.html

This one?

If that is the one. Get a floor plan on there. I am house hunting at the moment and I hate properties that don't have floor plans. Drives me mad.

Wilbert

Yes thanks :-)

Wilbert

Thanks. Will speak to Estate agent on Monday re floor plan.

HappyMJ

Wilbert wrote: »

Yes thanks :-)

What's the housing market like in your area?

Sometimes it just takes ages to sell a house. You're taking a £27,000 loss or 30% of it's value plus buying and selling costs so it looks like it should be fairly priced. Maybe there just aren't enough people in your area looking for housing right now.

For the price of £67,500 for a 4 bedroom house it actually looks quite good. As advised a floor plan would be a good idea. You've got all the room dimensions and they all look quite good too.

Wilbert

Thanks for the replies.
Im not really sure what the local house market is like, I have been looking more at houses in the area I hope to move to. I will look in to this.
The description does have a lot of lovely this lovely that ha ha it's a huge improvement on the description from the last agent which basically contained room sizes and window, radiator. It's gone from one extreme to another.

Will ring agent first thing on Monday and get the floor plan sorted- thanks for pointing that out.

Perhaps I just need to keep my fingers crossed and hope that if people aren't looking at buying they also aren't looking at buying the house I want.

missbiggles1

Celifein wrote: »

It's lovely, but I think your estate agent has gone a bit Mills & Boon while writing the description. I laughed my head off the whole way through, which isn't really the response you want.

As you said in your original post, the time of the year is going to be a factor.

Definitely this^^^.

It's also a bit odd to read all the blurb about size and space and then the first thing you come across is "lounge 13' 0'' x 11' 9'' "

Is it normal to have family homes without gardens in your area?

Wilbert

Yeah we don't have many gardens the village has lots of terraced streets with yards to the back and many just have a door on the front on the front street. I'm lucky in that I have a small area to the front, not exactly a garden mine gas pebbles down and pots of flowers then the front street.

Perhaps I need to get agent to reword some of the description to make it a bit less fluffy

HappyMJ

Wilbert wrote: »

Yeah we don't have many gardens the village has lots of terraced streets with yards to the back and many just have a door on the front on the front street. I'm lucky in that I have a small area to the front, not exactly a garden mine gas pebbles down and pots of flowers then the front street.

Perhaps I need to get agent to reword some of the description to make it a bit less fluffy

In my opinion it's fine. Fluffy just makes me laugh a bit it doesn't actually put me off looking at a property. I like some of the words they use to try and describe a property. I wouldn't worry about that.

If it's not selling are you able to raise the money to buy the next property without this property actually selling? Could you afford two mortgages at once for a short period of time? Are you able to secure a loan to move quicker?

Could you convert the existing mortgage to a Let to Buy mortgage and rent it out for a few years? I'd consider doing that but you really need to look at the numbers to see if it's worth it and speak to a broker so you can arrange the mortgages.

Wilbert

I ideally want to access the Help to Buy Scheme in order to do so I need to have sold my property, I also need the equity I have in my house as the deposit for the new house so don't think renting would be the best option for me. I might look at the figures a bit more though and see if it would be achievable. Thanks.
Think I will just have to be more patient.
I was hoping with such a reduction I would have generated some more interest.

divadee

If the market is slow in your area then the time of year will make it non existent. Down here things are still selling in days so it hasn't made a bit of difference.