selling the house due to divorce

ellywellywoo

My husband and i are splitting up and the divorce is going through.
He is still living in our marital home and has agreed to split proceeds 50/50

The house has been on the market since May.
We have had no offers.

6 weeks ago he agreed via the estate agent to say offers in excess of 550,00 to enable to get more viewings. We have had more viewings but still no offers.
I think in the current climate it needs to be dropped in price.
He is saying that he won't accept less than 575,000 as that was what it was originally valued at.
Ive tried to explain that markets change and its only worth what people are prepared to pay for it.
He is saying he needs this amount to be able to afford a desirable new property in the same area.
I can't afford to stay in the same area when eventually it sells and am being realistic.
On paper he is doing the right thing. he has lowered the price and is not being difficult about viewings.
But I just don't know what to do. I could be sitting around forever waiting for someone to buy at this price and it may never happen!
He can't afford to buy me out.
Any advice would be appreciated.
Thank you

chesky

What does the estate agent say.

Ms_Chocaholic

Have you spoken to the agent?
Does your husband do the viewings or the EA?
Is your husband possibly putting people off?

ellywellywoo

No husband isn't there so he's not putting people off.
House is looking quite tired. I go round and spruce it up a bit before each viewing.
Estate agent is quite diplomatic and realises that my husband doesn't really want to sell

I did wonder if it was worth putting it on with another estate agent but what with rightmove and these other websites Im not sure if it would make much difference .

ellywellywoo

Spruce it up as in put washing up away, throw things in cupboards, clean bathroom and hoover etc.

Ms_Chocaholic

It's a shame you moved out as if you'd stayed you could have kept it clean and tidy and reduced your outgoings too. Is there any way you could return until it sells.

owen_money

Your ex sounds like an @rse, but you already know that

ellywellywoo

OMG no I can't move back

Robinette

Another result of the changing market is properties being down-valued at the survey stage; therefore, even if you did receive an offer of £575,000, this is no guarantee that this is the price you would receive.

We bought our house for £321,000 two years ago and recently put it on the market. We received offers from four different buyers of £310,000, £315,000, £320,000 and £323,000; however, the surveyor valued it at £300,000 based on the sale price of comparable properties. This is very frustrating - a property is not worth what someone is willing to pay for it but what a surveyor says it is worth (unless there is no mortgage and/or the buyer doesn't get a survey completed).

Comms69

It seems not much has changed since march.


Why could you not move back in? You seem to pop round there, so im assuming it's not violence related. What's the issue?


It's a £575k house, so I suspect it has multiple bedrooms.

ellywellywoo

No its not violence related but for reasons i can't really go into on here i don't want to move back.
We both need to move on and start new lives but with this house we just can't.

We have a dog and i was going in every day to et him out and walk him. My parents have the dog now so i don't need to go in other than to clean before a viewing.
Our daughter who is at uni sometimes stays there when she's home and I also go in and make sure its nice for her homecoming.
She wants the house sold too as says the house is soul less now.
Anyway I suppose there is not much i can do other than sit it out and hopefully after Brexit it will sell.