How not to lose home of our dreams

Pixie5740

Who’s conducting the viewings? The ex-wife?

Bee008

Pixie5740 wrote: »

Who’s conducting the viewings? The ex-wife?

No, the estate agent- she vacates the property when there's a viewing.

:rotfl:

Surrey_EA

Bee008 wrote: »

Price has been dropped from a guide price of £325,000- £345,00 down to £315,000.

£295,000.

Although perhaps the ex-wife might have something to say about that. Presume she gets a say in price reductions?

ReadingTim

Bee008 wrote: »

Price has been dropped from a guide price of £325,000- £345,00 down to £315,000.

Don't think his ex wife would let it go to autction. It's taken a year for her to agree to put it on the market.

Seems like the problem is both the price and the ex-wife - a price that's acceptable to the market isn't acceptable to the ex-wife, and vice versa. And if she's living in the property (I note you say he isn't) then the problem's even greater.

I'd suggest you drop it to £299,950 if you're looking for a quick sale. Whether she's accept this is another matter. What's more likely is that you'll lose the place you've offered on.

Unfortunately, the only advice one can really offer is not to start looking for your dream home until you're in a position to proceed - you'll only end up being disappointed. Appreciate this isn't what you want to hear.

lincroft1710

Bee008 wrote: »

The feedback is that people don't like the bathroom being downstairs whilst all the bedrooms up upstairs.

I think this is such a negative, that unless the house has some special or outstanding features, you either drop the price significantly or wait until someone wants a house with GF bathroom.

Surrey_EA

lincroft1710 wrote: »

I think this is such a negative, that unless the house has some special or outstanding features, you either drop the price significantly or wait until someone wants a house with GF bathroom.

It's unusual for buyers to want a GF bathroom, when bedrooms are on FF. You just have to make the price low enough for people to put up with it.

ReadingTim

lincroft1710 wrote: »

I think this is such a negative, that unless the house has some special or outstanding features, you either drop the price significantly or wait until someone wants a house with GF bathroom.

It's only a negative if there's a choice and everything else is equal. However, it rarely is.

For example, where I am, the majority of houses near the town centre are Victorian terraces with a downstairs bathroom. Some have had a bedroom converted to an upstairs bathroom, some have not.

So, if you want to live near the town centre and live in a house or a flat, you're likely to have a downstairs bathroom. If you don't want to live in a flat, or have a downstairs bathroom, you're unlikely to be living near the town centre. Or if you do, you may have to sacrifice a bedroom for a bathroom. Choices, choices.

Given the OP says their ad states pretty clearly where the bathroom is, you'd hope it was unlikely that someone who was bothered about a downstairs bathroom would view it - the OP's problem is that they're getting viewings, but not offers.

AnotherJoe

I think the house is overpriced, so if ex wife won’t tolerate selling at under £300k, then even a bridging loan wouldn’t work, as you might be stranded and unable to sell, so I think this just isn’t going to work.

FWIW and maybe I’m in the wrong demographic but are houses with only a downstair bathroom actually selling for above £300k ? Can the downstairs bathroom be converted to a bedroom or is it the classic “at the back of the kitchen” job ?

Thrugelmir

You are lucky to be given 4 weeks. At least you are marketing your property. Into the New Year the market will gradually pick up. No point in panicking yet.

Slinky

Your OH could get the ex-wife to accept an offer lower than she'd like if your OH is prepared to accept less of a share of the proceeds. So if you drop the asking price £10K, that £10K comes off what your OH receives rather than them losing £5K each.