First time seller

Fran_Walton

I had my floor plan done last Friday. Today the estate agent should have taken the photos but failed to show - admin error on their part. Now I get a call from the agent saying that someone is offering the asking price if I don't put it on the market. This is pressure as I feel if I say I still want to put it on the market the assumption is I'm after more money but I'd rather been in the position of possibly having other interested parties should the offer fall through - the sign of a nervous first time seller. I have to relocate from Kent to Devon, and I have 3 months to sort selling , and renting/buying before I start my new job.
The agent is advising me to accept but if it falls through and hasn't been in the market at all, a lot: of time may have been wasted. :eek:

eddddy

Sounds a little strange. Did you get 3+ agents to do valuations?

The way you describe it, it sounds like the EA could have undervalued it in order to sell it cheap to his mate.

PennyForThem_2

I would put it on the market but if you are actually living there I would ask various local estate agents for 'quotes of selling price'

I am an inexperienced seller and the property I am selling has condesention issues. So putting it on open market and also being totally transparent with the problems means for me I can sleep.

PennyForThem_2

I would put it on the market but if you are actually living there I would ask various local estate agents for 'quotes of selling price'

I am an inexperienced seller and the property I am selling has condesention issues. So putting it on open market and also being totally transparent with the problems means for me I can sleep.

NicNicP

I'm presuming the house has been valued by different agents before an asking price was agreed? If I was offered the film asking price and the buyers were in a good position (cash buyer, no chain, etc) then I'd accept the offer. Maybe the buyer has been after your kind of property for a while and has made that known to the local estate agents.

Fran_Walton

I had 3 valuations done. The asking price was agreed at £15,000 over the valuation. The offer has come from someone selling through the same EA and they have a first time buyer interested in their property so a short chain. I suppose it could be a bit undervalued as it is a character property - less predictable.
Thanks for all your replies.

DaftyDuck

It could be undervalued... but it could be an offer that will save you weeks of headache, tidying for viewings, so-called "cheeky" offers (or even those all-too-common "insulting" ones, so I'd accept with glee.....

.... except.... except....

They haven't actually seen it inside yet, have they?

marksoton

Fran_Walton wrote: »

I have to relocate from Kent to Devon, and I have 3 months to sort selling , and renting/buying before I start my new job.

Is this not the pertinent point?

eddddy

I guess you could ask the EA to put your property on Rightmove with "Sold Subject To Contract" on it - I don't know if the EA would agree.

But if it later went back to "For Sale" because the sale fell though - many people would suspect that it was due to adverse searches/surveys etc, and be more nervous.

LittleMax

Fran_Walton wrote: »

I had 3 valuations done. The asking price was agreed at £15,000 over the valuation. The offer has come from someone selling through the same EA and they have a first time buyer interested in their property so a short chain. I suppose it could be a bit undervalued as it is a character property - less predictable.
Thanks for all your replies.

Has an offer been made and accepted or are they yet to agree a sale? If the process has started on theirs I'd probably accept the offer (assuming you were happy with your asking price). If they have yet to agree a sale on their house, if it were me I would get your house marketed and see what interest you get from other buyers.

Fran_Walton

True marksoton!
They have seen the property once. There is a lot of trust expected eg. the EA is truthful about the buyer 'really wanting the property'. The buyer wants to protect themselves from being gazumped - I get that - but that shows no trust in me. He could however pull out anytime!