the neighbour's house conditions stopping us from selling my father's house

elsien

bozzy18 said:

pinkteapot said:

bozzy18 said:

davilown said:

Reduce the price to entice more buyers would probably help. Unless the neighbours house condition is detrimental to yours, I’m not sure you can do much more than you already have tbf.

The house is not on the market yet but we were warned by the estate agent that it doesn't matter how much - the awful state of the property next door would put off buyers.  

Not entirely true. Put it on at £1 and I guarantee someone will buy it. There will be a price at which someone will take it off you - sounds like this EA didn't want the hassle of a non-straightforward property. 

If you can't find an EA to take it on, put it in an auction with no reserve. 

no reserve?  is that not risky?!  EA was being honest - it is really that bad!

I think that was an extreme example to make a point. 

bozzy18

Justonemorecupoftea said:

Not exactly ethical but reports of rats often kick environmental health into action...

Justonemorecupoftea said:

Not exactly ethical but reports of rats often kick environmental health into action...

there are rats - witnessed many times.  there are also feral kittens in the garden too!  cats are breeding in the garden!

moneysavinghero

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

We all have personal reasons why we want to have as much money as possible. But the house is worth what it is worth - you are looking to increase it's value rather than sell it for less than it's actual current value (the value it was when you inherited it).

Grumpy_chap

bozzy18 said:

pinkteapot said:

Put it on at £1 and I guarantee someone will buy it. There will be a price at which someone will take it off you - sounds like this EA didn't want the hassle of a non-straightforward property. 

If you can't find an EA to take it on, put it in an auction with no reserve. 

no reserve?  is that not risky?!  

Not really.
@pinkteapot has offered £1.
I'll offer £2.
In a proper auction with location and details provided, the property will reach its true value.  Outcome may even be surprisingly high if there are any "blind" bids without viewing plus photos that do not show the adjoining plot.

I was interested in a plot of land with a similar derelict house adjacent at the end of 2019.  The successful bidder paid £130k for basically a small plot of wasteland.  I spoke with the buyer what they want to do with the land.  Answer: bank it until the adjacent derelict house eventually becomes available, acquire that, then knock down and build a terrace of 3 properties possible on the combined plot.

Auction sales can reach such buyers where local agent may not.

bozzy18

moneysavinghero said:

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

We all have personal reasons why we want to have as much money as possible. But the house is worth what it is worth - you are looking to increase it's value rather than sell it for less than it's actual current value (the value it was when you inherited it).

agreed but the value is not the question here but the sale-able of the property!

NaughtiusMaximus

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

Because you have no choice. 

A house is worth whatever someone is prepared to pay for it and due to circumstances beyond your control this one is considerably less appealing than identical houses further down the street. 

MaryNB

bozzy18 said:

moneysavinghero said:

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

We all have personal reasons why we want to have as much money as possible. But the house is worth what it is worth - you are looking to increase it's value rather than sell it for less than it's actual current value (the value it was when you inherited it).

agreed but the value is not the question here but the sale-able of the property!

But the value is 100% linked to it's sale-ability. If you can't sell it for X it's not worth X. It's only worth what you can sell it for. When a mortgage company does a valuation it they do it based on how much they think they can sell a house for if someone defaults on the mortgage. 

Slithery

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

But those other properties aren't similar, they don't have your neighbours. There really is nothing you can do except sell it for a reduced price and end up with not as much free money as you were hoping for.

GDB2222

bozzy18 said:

moneysavinghero said:

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

We all have personal reasons why we want to have as much money as possible. But the house is worth what it is worth - you are looking to increase it's value rather than sell it for less than it's actual current value (the value it was when you inherited it).

agreed but the value is not the question here but the sale-able of the property!

You have had some sound advice from this forum. What more can we do? If all else fails, then sell it at a reduced price. Before doing that, talk to your local councillor, and try to get his/her help. Councillors can often get overworked council officers to take action on particular cases.

A hint here, in case it's not obvious. Don't tell the councillor that you are trying to maximise the value of your inheritance. Tell him how worried you are about the children being brought up in these conditions. Ask about Social Services. Talk about the rats and the feral cats. (Are you certain there are BOTH? Surely the cats would eat the rats?) Talk about the mould. Mention that you felt so sorry for them that you offered to clear the garden for them, but they refused. Mention possible mental health issues.

NameUnavailable

bozzy18 said:

moneysavinghero said:

You inherited the house as is. It's value is it's value. Don't get worked up thinking what it could be worth if only x and y happened. It hasn't cost you anything so it's not like you are losing anything. You will sell it for the right price.

i agree but for personal reasons i would want to get as much as i can for it and why should i sell for much less.  i know the value as other similar properties have been sold on the street over the past few months.

Because of the problems you've mentioned. I had to sell my last property for much less than it might have been worth due to issues we had (not the same as you but still things that affected the saleability of the property).

It is what it is, and the market value will be what it will be.