Selling house - market slower?

stevie_wonder

Our house sale has collapsed and we were just approaching exchange - damn it! Our buyers were brothers in the forces and they had problem with a grant that they receive to help towards mortgage from government and other mortgage issues so have pulled out. I'm annoyed the estate agent hadnt picked this up sooner as they were doing the mortgage for them too.

Originally on in June and then sold in July, collapsed in Sept due to buyer's buyer withdrawing. Back on in Sep/Oct and sold in Oct, then collapsed in Jan due to problems already mentioned. Oh well back to selling again! Maybe third time lucky!

ds1980

SquatNow wrote: »

Your asking too much money. You need to drop the price.

Houses, like anything else, are only worth what someone is prepared to pay for it. You think it's worth £205k. Buyers think it worth less. You need to narrow the gap between what YOU think it's worth and what BUYERS think it is worth. Unless you are planning to hold a gun to someones head you cant FORCE them to pay you £205k for it...

Drop the price by £10k a fortnight until you get an offer.

Remember: Until you have the buyers cash in your bank account, your house is worth precisely £0.

Absolute tosh.

of course it's worth something you baffon. Its called an asset. Tesco have assets on their balance sheets there not worth anything as you say until or if they sold them but there allowed to put down a price for them. If companies didnt then they would all be worth £0 do you think tesco is worth £0

complete imbicile

WTF?_2

ds1980 wrote: »

Absolute tosh.

of course it's worth something you baffon. Its called an asset. Tesco have assets on their balance sheets there not worth anything as you say until or if they sold them but there allowed to put down a price for them. If companies didnt then they would all be worth £0 do you think tesco is worth £0

complete imbicile

Ahem, you might have noticed all those multi billion dollar losses by big international banks that seem to be on the news every other evening?

If you actually do some reading you'll find the reason is because the bank valued the assets at some stupidly high amount but when they were tested against the market they turned out to be worth a lot, lot less.

That's what 'Squatnow' was getting at but the point has whooshed right over your head.

Many people have an unrealistic idea of what their house is worth. Until it's sold, we won't find out its true value. In the meantime it contributes precisely zero pounds to their finances.

They might be one of the morons who think that their house can be used as an everlasting ATM but it doesn't get away from the fact that the value is only realised once the asset is sold and all their MEWing is nothing more than borrowing (and risking their house if they can't repay).

By the way - the correct spellings of your insults are Buffoon and imbecile. It's always amusing when someone throws insults about another poster's intelligence around and then spells their insults wrongly.

ds1980

th ld spllng rtn. Thnk thts n f yr fvrts snt t?

Spllngs dn't ctlly mttr d thy? ts th wy ts sd, thts clld phntcs f y ddnt knw. Y bvsly knw th wrds s y crrctd thm fr m.

I ws dsptng th £0. thy r wrth smthng. f thy gt th ssmptns wrng thn thts a dffrnt mttr ltgthr.

mbcle!

dolce_vita

Although the time of the year does effect the speed/volume of sales, at this current stage of the cycle, it is irrelavant.

Sales are slow at the moment because buyers are finding it difficult to get the loans they could have 12 months ago and are aware that prices are falling and are so holding out.

Additionally, stupid and/or greedy sellers have failed to grasp the changing environment and are refusing to drop prices.

The crash is brewing quite nicely.