NatWest morgage . Selling home

phill2-0-0-3

need_an_answer wrote: »

What benefit will going multi agency give you?

Your property will still be listed on RM whether its listed 2 or 3 times isn't going to increase the number of people wanting to purchase it.

You would be better off saving those multi agency fees and dropping the price to something more tempting to buyers.

Hi as far as I'm aware there arent any extra fees whatever agency sells the property gets there payment . The others don't .
And if it's on with different agencies maybe someone will see it in one of there shops or the paper . Maybe somewhere the others don't list who no's .

phill2-0-0-3

MobileSaver wrote: »

I agree, the property looks really nice and very well presented.

Unfortunately there are more than 20 other two-bed terraces for sale within half a mile of you that are cheaper (one is almost £60,000 cheaper!)

On the plus side, around half of the two-bed terraces in your area are SSTC so there is obviously demand there; you just have to get the price right so that someone makes an offer on yours rather than one of the other 20+ available. Good luck!

I have had been keeping a eye out . I believe the three bed a few doors down is causing the issues . And there's not much point to reduce mine as they reduce there's everytime . They have had about 5 buyers so far . But the estate agency hasnt said about the subsidence it previously had . and it's put a lot of people of . Also the neighbor that side is a heroin addict which I don't think helps .

phill2-0-0-3

AdrianC wrote: »

That doesn't necessarily mean it's worth £268,750. It simply doesn't work like that.


Doesn't that tell you something about your price expectations?

And you've already dropped £20k.

C'mon, RM link. Let's have a look, see about the presentation and the comparables.

The link is above your previous post . As to value I can only go off the estate agencys value .

This post was more to do with what would be the best approach towards the morgage . As I'm unsure to tie back in or not

phill2-0-0-3

need_an_answer wrote: »

How long have you been marketing the property for sale?

Have you reduced the price since the last time you asked advice from the forum?

Have any viewings given any feedback?

Estimated 6 months it's been up for sale . I've changed estate agency since . I've asked all potential buyers if they wouldn't mind leaving feedback which they have and I've rectified the majority of negatives from the feedback .

Allways the same feedback . The pictures look better than the actual property . My current estate agent has said people have seemed sure the house was for them it looks perfect . And then they view and I believe the little bits put them off .

But I'm not made of money so I've had to save for the extra work needed doing .
I've only reduced the house once by £20000 . As the estate agent said maybe £5 to £10'000 but I said £20'000

AdrianC

phill2-0-0-3 wrote: »

As to value I can only go off the estate agencys value .

No, you can't.

The EA can give you advice, but ultimately you're their customer, and you're the decision maker.

This post was more to do with what would be the best approach towards the morgage . As I'm unsure to tie back in or not

It entirely depends on how badly you want to sell the property.
If you want to sell it, don't remortgage, but reduce the price.
If you want to hold out for what you think is the right price, against the clear opinion of putative buyers and against comparables, then it's probably worth remortgaging because you're not selling any time soon...

Remember, the break-even is around the 12mo mark.

phill2-0-0-3

AdrianC wrote: »

If it is that "Gothic Estates" one, then...
https://www.rightmove.co.uk/property-for-sale/property-84676784.html

First impresssion is that there's nothing wrong with the listing, although somebody needs to take the HDR filter away from that estate agent...

Picky quick win jobs...
Clear the vehicular access to the back gates up, make it look more as if it's actually viable parking. Tidy up and box in the pipework around the boiler.

So... comparables!
The obvious: https://www.rightmove.co.uk/property-for-sale/property-61601778.html - bigger, £10k cheaper. Still unsold despite having been listed in April.


Within a mile:
https://www.rightmove.co.uk/property-for-sale/property-83994596.html - £20k cheaper, loads more character
https://www.rightmove.co.uk/property-for-sale/property-84393506.html - same price, detached, character. Who signed off on photo 7...?

The houses u have shown are at the other side of town . They have allways been cheaper as it's a long walk to the train station . Plus it has the bathroom next to the kitchen . When I was viewing houses I viewed a few of them and that put me right off .
But I do understand there cheaper .
But they have allways been cheaper that end .
They were around £215'000 two years ago .
The one for £260 is the one I've allready said about . As I think that's hindering my chances of selling . And they can't sell due to the two issues I've stated . Subsidence . And the neighbor .

phill2-0-0-3

need_an_answer wrote: »

I think the house is presented well,a few areas you could tidy up as mentioned the rear access picture whilst good to show it could be a little tidier and more in keeping with the finish of the rest of the property.

I believe you have fallen into a classic developer trap,you've renovated it to a good standard and put a lot of money and work into it...but it just isn't worth that price now.

Who is the "other " owner who wants the property to remain at its current market price?

It's my sister .
She will also be moving to my parents as it will be a 5-6 bedroom house when the work is done . So amply room for me and my gf kids and close enough to care for my aging parents .

phill2-0-0-3

MobileSaver wrote: »

Unfortunately buyers do not agree that your "more to offer" property is worth the price being asked, particularly with all the uncertainty around Brexit etc.



No-one cares that you have reduced already, they only care about the price you are asking now. Half the comparable properties in your area have had serious offers made for them so something is making the other properties more attractive than yours; I'd suggest it's the price...

If you can afford to wait then Brexit may become a non-issue and/or that one and only person you need may fall in love with your house but if you need to sell sooner rather than later then you are going to seriously consider a further price reduction.



I don't see the point unless it won't cost you a penny extra - you are either on Rightmove or you're not.

For the avoidance of doubt by the way, no-one is trying to be mean here, people are just giving their honest impartial opinion rather than telling you what you want to hear!

As to mulit agents I'll only be listing with the ones that won't cost me a penny unless they sell .

phill2-0-0-3

Ideally I can't go below £270000 is the bottom line .

I can get all the issues raised rectified which they will be shortly .

I'm just unsure to tie back in another morgage for two years or keep paying the variable amount . Which one would be more beneficial ?
I do understand to give a correct answer ideally your need a date of sale

Carrot007

phill2-0-0-3 wrote: »

The link is above your previous post . As to value I can only go off the estate agencys value .

So what you are saying is you have had a biased guess rather than a valuation?


Might be worth paying for a real valuation to get back to reality?