House buying companies

Househelpneeded

Thanks, £425 a month

Finchy2018

Have you tried a high street agent? Emoov have their money already, they have no incentive to try and actually get a buyer for you. A high street will take payment on completion, therefore won't get paid till they find a seller.

lisyloo

Househelpneeded wrote: »

It’s hard because I’ve had it on sale for almost a year. Swapping estate agents costs money and I paid my current agent full and up front. It’s on the open market and I don’t really understand what another agent can do? Don’t most people look online? Especially Ftb which I think A one bed apartment suits. I’ve rented it out previously (and took it seriously which all the precautions) but I’m not keen on paying all the extra stamp duty.

Auction seems better then a house buying company and selling takes away extra stamp suty costs. Ideally I’d love a ftb to just come and snap it up cause it’s agreat property but I don’t want to wait much longer to move on.

Older people don’t necessarily look online.
It seems you have decided this is an Ftb property.
Is there any reason it wouldn’t be suitable for an older divorcee, widow, widower, or retiree?
You might be cutting off part of your market.

I’m selling a flat. We had an offer before it went on the market for full asking price because our EA already had a buyer lined because they personally knew their buying clients. The EA is very motivated as they are selling 2 properties in the chain.

Does your just advertise on line? Rather than know buyers already.

Some people also like to look in shop fronts. You are limiting yours to internet savvy young people.

Another option to consider is to get multiple eas (tradional types). We had this before when our property was part exed with a builder and ther builder wanted a quick sale. The eas went like a rat up a drain pipe because they had competition literally begging us to have the single set of keys first so they could be the first to market.

Multiple agents is more expensive but nothing compares to the discount of auction.

Just some thoughts, but I do think you are unconsciously limiting your market to internet savvy young people.

Tradional EAs also use internet portals such as rightmove as well as more traditional newspapers and shop front.

Gwendo40

It does look a nice flat so it really does just seem to come down to price.

I don't think it would need a huge reduction, probably just down to £55k.

£5k isn't a huge deal of money in the grand scheme of things and is small price to pay for allowing you to get shut of it and move on with your life.

BrassicWoman

I love how you have decorated!

Crashy_Time

Househelpneeded wrote: »

Thanks, £425 a month

Good price.

Crashy_Time

Gwendo40 wrote: »

It does look a nice flat so it really does just seem to come down to price.

I don't think it would need a huge reduction, probably just down to £55k.

£5k isn't a huge deal of money in the grand scheme of things and is small price to pay for allowing you to get shut of it and move on with your life.

Good advice.

mark55man

Do the Maths - work out how much paying Stamp on you property will be, and then knock £2k less that off your house. and when it all pans out you will be £2k better off

Paying estate agents up front is limiting - but if a traditional EA can get you a sale at your asking price then you may be well to pay it. the money you spent on emoov is sunk costs, and refusing to pay a second time for better service could cost you more. This way might save you from paying the stamp at all

become an accidental landlord (but be very very careful) and then you can recoop the amount you will reduce the house by over the months and years its let out. as a poster above suggested finding a good tenant doesn't stop you selling and at a 8-10% yield you will be attractive

or dont move and save harder for your dream house - and don't fall for the always gotto be growing model that is corrosive. Its not like the market is booming so not buying that bigger house yet may not be too costly

voonky

@CrashyTime Yeah I have the same question...

Crashy_Time

lisyloo wrote: »

Older people don’t necessarily look online.
It seems you have decided this is an Ftb property.
Is there any reason it wouldn’t be suitable for an older divorcee, widow, widower, or retiree?
You might be cutting off part of your market.

I’m selling a flat. We had an offer before it went on the market for full asking price because our EA already had a buyer lined because they personally knew their buying clients. The EA is very motivated as they are selling 2 properties in the chain.

Does your just advertise on line? Rather than know buyers already.

Some people also like to look in shop fronts. You are limiting yours to internet savvy young people.

Another option to consider is to get multiple eas (tradional types). We had this before when our property was part exed with a builder and ther builder wanted a quick sale. The eas went like a rat up a drain pipe because they had competition literally begging us to have the single set of keys first so they could be the first to market.

Multiple agents is more expensive but nothing compares to the discount of auction.

Just some thoughts, but I do think you are unconsciously limiting your market to internet savvy young people.

Tradional EAs also use internet portals such as rightmove as well as more traditional newspapers and shop front.

There are probably no people who would be interested in this property that don`t go online IMO. Before the BTL tax changes a landlord would have bought this by now, but it isn`t people not seeing it online that is holding up the sale IMO.