Selling our house and had ridiculous offers recently

kimplus8

The thing is ( and please don't take this as an insult) your house is only worth what people are prepared to pay for it so if the offers are coming in lower than expected then you probably need to lower the price, also you could always counter offer with something less insulting of you wish, I hope you work it out. Kim x

MandM90

kimplus8 wrote: »

The thing is ( and please don't take this as an insult) your house is only worth what people are prepared to pay for it so if the offers are coming in lower than expected then you probably need to lower the price, also you could always counter offer with something less insulting of you wish, I hope you work it out. Kim x

I actually don't think OPs house is priced outrageously. I think the problem is that end of the market are more accustomed to having their hand held by traditional agents, and they have the contacts to shift it.

I'd probably try my luck with an online EA for my humble gaff, but not for yours OP.

nic_santorini

found it too, google is so easy to use. nice garden and nice postcode, but this needs a lot of money spent on modernising it and it is not worth 1.5 million. The air hanger has had better days. Now if you have planning permission granted for one or two more homes then you might be more on the money.

so someone has offered £900k, that is a hell of a lot of money still. Either do it up and expect a better offer, or take the offer. If you have no other movement from your online estate agent, then it really is overpriced.

chelseablue

My boss recently sold his house, in a very nice village in Newbury, so not overly far from you OP.


Went on the market in late 2014 at £1.25 million


After it had been on a few months with no offers (not even low ones) they reduced the price.


The sale finally completed early this year and it sold for £890,000

misswoosie

Ah, but the problem with the "price comparison sites" is that in the UK EA listings vary greatly in the information provided and the square footage is a closely guarded secret, so true comparisons aren't possible. It's about time EA were better regulated ,especially regarding what information has to be included in a property listing. We sold a house on a road that was mostly 3 bed semi's, but they were built at different times and had different features, and most importantly, square footage. An interfering estate agent told a prospective buyer that they shouldn't pay anymore than £x,000, becasue the last 3 bed semi they sold on the street sold for £x.0000. That semi was a smaller original built floor plan and hadn't been extended either and was around 30% smaller than the house we were selling, somethingSometimes it's possible to find the square footage on the EA published (usually abbreviated, if available) EPC or the floorplan, but beware if the house has an attached garage as often that will be included. I want to know the living area square footage. EPC's can be looked up online with the property post code and they include the square footage. Probably all they're good for a lot of the time.

warby68

OP, I live hundreds of miles away but found your property quite easily by its features so if you really want anonymity you might need to get rid of this thread.

I do agree that using an online agent for a £1.5m home sets you up to be viewed as a 'cheap' seller which might attract more bargain hunters than you would like. You clearly believe it is a special property and I really hope you decide to market it as such with a knowledgeable local 'real life' agent who can screen buyers more effectively.

That said the most unlikely viewers can turn out to be the eventual buyer and you only need one so be open-minded with the currently interested family.

Okrib

It's pretty clear that the best, and most consistent advice, is to ditch the online agent. Yes, it might cost you more in fees, but the traditional, well connected, local agent will have buyers. The online agent hasn't got anything, it's just putting it online. I am absolutely flummoxed by your decision to use an online agent, it makes no sense whatsoever.


For more niche properties, that's when you really need a good agent. Especially in a tricky market.


When you engage an estate agent, effectively you are buying their black book of contacts. I'm sure the local agent has someone on their books who will buy the house - maybe not at the current guide price though, they would need to advise on that.

phoebe1989seb

misswoosie wrote: »

Ah, but the problem with the "price comparison sites" is that in the UK EA listings vary greatly in the information provided and the square footage is a closely guarded secret, so true comparisons aren't possible. It's about time EA were better regulated ,especially regarding what information has to be included in a property listing. We sold a house on a road that was mostly 3 bed semi's, but they were built at different times and had different features, and most importantly, square footage. An interfering estate agent told a prospective buyer that they shouldn't pay anymore than £x,000, becasue the last 3 bed semi they sold on the street sold for £x.0000. That semi was a smaller original built floor plan and hadn't been extended either and was around 30% smaller than the house we were selling, somethingSometimes it's possible to find the square footage on the EA published (usually abbreviated, if available) EPC or the floorplan, but beware if the house has an attached garage as often that will be included. I want to know the living area square footage. EPC's can be looked up online with the property post code and they include the square footage. Probably all they're good for a lot of the time.

Ah yes, the EPC! I was wondering what the sq footage/meterage was Blimey, it's 2/3 the size of our current house - and the same council tax band - but ours (being in a *less desirable* part of the country, lol!) is *worth* a fraction of what the OP hopes to achieve :eek:

misswoosie

We've sold 4 properties here and 2 in the USA via "online " EA. In the USA the system is different in that the buyers have a buyers agent who arranges viewings for them via something called the centralised showing service, but here we arranged all viewings directly with the interested party. We also provided them (via email) with a form to complete and return to us. On that form we asked the questions that a "traditional " EA would ask. When we receive offers we ask for proof of finances.

misswoosie

eddddy wrote: »

It's swings and roundabouts.

There are lots of posters here who get furious when an EA asks them to show evidence of affordability before allowing viewings - and would rather walk away.

But a local EA will get to know people buying in the local area, and will soon work out who the time wasters are.

(And as you probably appreciate, the cheapest EA isn't necessarily the best at negotiating up buyer's offers.)

And neither is the most expensive