Selling flat

StumpyPumpy

Cakeguts wrote: »

Cheffy123 wrote: »

The last one is next to me but look at description. Only 52 years left on lease

OK so if you say £20k to extend the lease that means that your offer was the right price.

https://www.lease-advice.org/calculator/ reckons that for a flat like his with a long lease value of £240k it would be between £41k and £43k plus costs to extend a 52 year lease - not £20k. Which by your own logic would make the current listing under priced.

OP: I don't think your flat is underpriced. It seems well presented to me but everything is taking longer to sell especially in the London area. There seems to be a "wait and see" attitude to Brexit with potential house buyers. You have to decide how long you are willing to wait to sell. You also have to factor in the fact that, on average, in the last 12 months flat prices in your postal area have dropped by a little over 11%.

You need to make a decision to hold tight and ride it out because you think the last 12 months is a glitch or quit whilst you can and drop the price before the market plummets passed you. No one knows what will happen to the market in the next few weeks, never mind months this is a call you need to make for yourself.

SP

Cheffy123

Thank you so much
I knew my flat wasn't over priced. Thanks for link made so much sense.. thank you for the advice

Crashy_Time

Vestra wrote: »

You’re on at £240 and the two most recent comparatives of 2 beds in that area sold for £225. Given the price falls in Greater London I wouldn’t offer more than £210. Not sure why you didn’t take the £220 offer, sounds like a reasonable offer.

Certainly does sound reasonable IMO.

Crashy_Time

Any further offers?

Cheffy123

Nope. I have a viewing on Friday. It's a FTB so let's see. I suppose if you like what you see on rightmove you want to view it....right!