Estate Agent - Taking Home off the market (Andrews)

ScorpiondeRooftrouser

It's dependent on the market locally, obviously, but generally £202K is a decent offer for something at £210K. It's only 4% under asking. That's just allowing for the drop to make the buyers thinks they have a decent bargain. If estate agents have suggested that you market it at 210 then they almost certainly expected offers like this.
Putting it up with a different agent won't make it worth more. If you need £210K, you should market it at £220K. If it isn't worth that, it isn't worth that. What you need is irrelevant to what it is worth (although it is relevant to whether or not you sell it).

Crashy_Time

Slinky wrote: »

He's been offered £202K.........

If 8k is preventing him moving then he needs to stay put, IMO, messing about like this over small amounts (How could posting on a forum help in this case for example?) could mean the buyers walk and the next offers are lower?

hazyjo

Have you counter-offered against the £202k? Is what what you've got them up to from a lower offer? If not, then say you're looking for more - with a figure usually, but not compulsory.


To be fair, to expect only £2k under the asking price is very optimistic - should have marketed for more or put 'fixed price' or tried an offers over approach in the hope you'd get something close to the asking price.

Crashy_Time

http://www.telegraph.co.uk/money/consumer-affairs/first-buy-to-let-now-holiday-homes-end-second-house-dream/#comments


The tide of sentiment has turned against high prices/multiple property being an ideal, the idea of a "ladder" is not accurate any more IMO, many people will just have to take what they can get or stay in the house that they bought.

Slinky

Crashy_Time wrote: »

If 8k is preventing him moving then he needs to stay put, IMO, messing about like this over small amounts (How could posting on a forum help in this case for example?) could mean the buyers walk and the next offers are lower?

I happen to agree that I'd be looking seriously at £202K as a good offer.

We offered £462 against £475 which was rejected - which was less than 4% reduction on the Monday after Brexit. It took another 9 months for that property to sell. I'll be very interested to see what they got for it.

OP if you wanted £208 you should have put it up for £215.

hazyjo

Slinky wrote: »

We offered £462 against £475 which was rejected - which was less than 4% reduction on the Monday after Brexit. It took another 9 months for that property to sell. I'll be very interested to see what they got for it.

Should be on Zoopla/RM etc now

caronoel

Crashy_Time wrote: »

http://www.telegraph.co.uk/money/consumer-affairs/first-buy-to-let-now-holiday-homes-end-second-house-dream/#comments


The tide of sentiment has turned against high prices/multiple property being an ideal, the idea of a "ladder" is not accurate any more IMO, many people will just have to take what they can get or stay in the house that they bought.

Be very wary of taking advice from a wise old owl like Crashy.

He is a 50-something year old single male who lives in a bedsit in Edinburgh, having sold up to rent in the late 90s. Quite pathetic really.

Slinky

hazyjo wrote: »

Should be on Zoopla/RM etc now

Doesn't appear to have completed yet. Marked up sold at the end of March.

Slinky

Crashy_Time wrote: »

http://www.telegraph.co.uk/money/consumer-affairs/first-buy-to-let-now-holiday-homes-end-second-house-dream/#comments


The tide of sentiment has turned against high prices/multiple property being an ideal, the idea of a "ladder" is not accurate any more IMO, many people will just have to take what they can get or stay in the house that they bought.

I've just checked Crashy, when you joined this forum in July 2014 the average house price was £175,653. It is now £223,000. A rise of 26.95%. The tide needs to go out a long way for you.

hazyjo

Slinky wrote: »

Doesn't appear to have completed yet. Marked up sold at the end of March.

I want to know too now lol :cool: