How long was your house on before it sold?

Mr_Potato

Around 18hours. Went on rightmove late afternoon, viewing at 11am next day, and they offered asking price (which we went very very top end at 190k expecting to achieve 170k) straight after viewing, which we accepted.
South east, very fast moving market, particularly at that point last October.

smallholdingsister

We tried to sell our house last year and gave up.
Back on the market now, but it is in a high ish price bracket for the area and I think its inevitable that it will take longer.
Sure we could sell tomorrow if we dropped the price 50k...

brodawel

We sold last year. We had an offer of the asking price straight away but they changed their mind when they'd slept on it. We had another offer a week later which we accepted. They demanded we take it off the market which annoyed me tbh but we did agree, providing they got on with the survey and so on straight away. To cut a long story short, they were still viewing other properties while keeping ours "off the market" for themselves. I had sensed this from the start. We went back on Rightmove and sold it about two months later to someone else for the same price the previous people had offered, about 5% off the asking price.

mildredalien

brodawel wrote: »

We sold last year. We had an offer of the asking price straight away but they changed their mind when they'd slept on it. We had another offer a week later which we accepted. They demanded we take it off the market which annoyed me tbh but we did agree, providing they got on with the survey and so on straight away. To cut a long story short, they were still viewing other properties while keeping ours "off the market" for themselves. I had sensed this from the start. We went back on Rightmove and sold it about two months later to someone else for the same price the previous people had offered, about 5% off the asking price.

Isn't in normal for a buyer to want the house they have made an offer on to be taken off the market? We've done the same although to be clear we aren't viewing any more properties! Who would want to start paying for conveyancing and surveys if the seller is still showing other people around, presumably with the idea that they might get more money from someone else?

paulsad

6 months to find a buyer (we moved last June) lots of interest but property was quirky and on a busy main road. House before that took a lot longer (18 months) but some minor cosmetic changes did the trick.
If you have any little jobs that need doing I'd suggest you do them - it can make all the difference.

economic

mine was on for 6-7 months before i got an offer. 2 bed flat in kilburn. never reduced the price and got about 5% below asking. it was a bit overpriced to begin with!

brodawel

mildredalien wrote: »

Isn't in normal for a buyer to want the house they have made an offer on to be taken off the market? We've done the same although to be clear we aren't viewing any more properties! Who would want to start paying for conveyancing and surveys if the seller is still showing other people around, presumably with the idea that they might get more money from someone else?

With respect you presume wrongly. We would not have accepted any offers from anyone else. We would not have risked losing our buyer. The estate agent would have informed anyone else that a sale was proceeding on our property and taken their details in case it falls through. I would never in a million years ask a seller to take it off the market while I make my mind up. It looks bad if a house appears sold and then goes back up for sale, buyers see all this and think there must be a problem with the house.

alchemist.1

brodawel wrote: »

With respect you presume wrongly. We would not have accepted any offers from anyone else. We would not have risked losing our buyer. The estate agent would have informed anyone else that a sale was proceeding on our property and taken their details in case it falls through. I would never in a million years ask a seller to take it off the market while I make my mind up. It looks bad if a house appears sold and then goes back up for sale, buyers see all this and think there must be a problem with the house.

It is normal for the property to be taken off the market if you accept an offer. From a buyers point of view, I wouldnt bother with a vendor who doesn't do that, whatever the motives.

In your case you were being messed around and therefore would return back on right move within a week if no serious movements have been made.

Malmo

This subject was discussed fairly extensively in another thread last year, if you want to have a read. Market conditions may or may not have changed since then, depending on locality and time of year.

https://forums.moneysavingexpert.com/discussion/5223309

mildredalien

brodawel wrote: »

With respect you presume wrongly. We would not have accepted any offers from anyone else. We would not have risked losing our buyer. The estate agent would have informed anyone else that a sale was proceeding on our property and taken their details in case it falls through. I would never in a million years ask a seller to take it off the market while I make my mind up. It looks bad if a house appears sold and then goes back up for sale, buyers see all this and think there must be a problem with the house.

Are we talking about different things here? If I make an offer to buy a property it's because I have made my mind up and want to buy it! In which case, I want reassurance that the seller isn't going to try and push up the price or ditch me for another buyer halfway through the process...

Most sensible buyers would know that there are many reasons a sale doesn't go through and it doesn't necessarily mean there is a problem with the house. Especially if it falls through before a survey is done, suggesting it was nothing to do with the state of the house.