need to sell quickly

rushnowt

Thank you Spendless & Doozergirl

Hi Spendless, as you know I have kids too, some of them still young, and fitting everything in and doing up and the cost of such is a main consideration. So I completely understand why you sold it as it where, and one of the reasons why i need to do the same.

I guess i'll not be to badly off by doing this, since we bought the house over 10 yrs ago and the price of the house as more than trebled since, so even considering that I will need to reduce the price of the property to take into account the things needed to be done. I'll still be in pocket.



"If you asked an estate agent to market the property as 'needing some work' and set a very low 'offers over' price, budding property developers will be tripping over themselves to view the property. Setting block viewings rather than letting people in 'as and when' is fantastic at stirring up competition."

Hi Doozergirl, I was just thinking about this last night, about "offers over" and see what reaction i get. Sounds like it may be the best way to go. I never even thought about having block viewings and i really should have done, as thats what we did when we got the place we're in now. It was quite nerve-racking seeing all the other people who may have been interested too and made us consider a higher offer than we possibly would have done. Thankfully it worked in our favour.

We had considered (or rather hubby had lol) about going down the auction route, but not knowing the in's and out's of that and how to go about it etc, is worrying me.

I might end up selling raffle tickets at this rate lmao


Thanks again to everyone for their advice and thoughts

Doozergirl

Glad to be of assistance!

Keep an eye out for the agents that run auctions in the property section of your local paper, just in case. I suspect that offers over will work really well for you, but if you do get desperate, selling at auction really isn't as complicated as people think it is and just like any agent, they will come and see you, no obligation, beforehand.

Good luck anyhow!

frugal_dougal_3

Rush, maybe someone will want to buy your house to let it out again in which case they won't be bothered about spending too much on it (the repairs don't sound too costly to me in any case). Do you live anywhere near a university or hospital ? Accommodation is always in short supply in these areas.

I appreciate how strapped for time and cash you are, new businesses are like new babies ! so an auction may be your best bet if one is being held soon. They only happen about every two months in some places.
The best part about selling by auction is that when the gavel falls the buyer has to pay 10% deposit and then complete within 28 days.

Don't make yourself ill, you sound really frazzled !

rushnowt

Thanks Frugal_dougal,

Had a good chat with hubby and we've decided to get as much done as we can, carpets and decorating are getting sorted this weekend, then we'll get a couple of agents round next week, to do a valuation to get on idea of price, taking into account the rest of the work needed. And to gauge if there are potential buyers out there willing to purchase and quickly.

I've contacted a few in the area today and been told that they have clients waiting for properties in our area, and they are being snapped up as soon as they come on the market. Sounds promising but not totally convinced. :rolleyes:

We're not really near uni or hospitals, but not far away, area is very near transport routes and neighbours have said that there are a lot of people buying in the area because of this, especially with it being less expensive than buying right in the city centre etc. I think this is why the prices seem to have rocketed lately ?

We are looking at going down the auction route, and I will make more inquiries about it tomorrow and see what's what, re: reserve price/fees etc.

Feeling a little calmer now that I've got a bit of an action plan

Jacster_2

rushnowt wrote:

Had a good chat with hubby and we've decided to get as much done as we can.
Feeling a little calmer now that I've got a bit of an action plan

Hey Rushnowt. Sorry to hear this is worrying you.

But where you've got to sounds good. If you are doing some work on the place, no doubt you'll have prioritised. You don't need to do it all - just the stuff that will impact saleability and price, and even then only the big stuff that makes people think 'too much work'.

Don't worry about the Anne Maurice 'House Doctor' finish. Do only as much as you can handle and sell to get it off your to do list.

When I sold my place a couple of years ago, my ex's dad did all the painting (and it looked fab), white/cream everywhere (Anne Maurice would have been proud!), we put up cheap cornicing, shampooed the carpets, spring cleaned and decluttered. It worked. Don't try to do too much.

Take care,
Jacster;)

PAVEL_3

Spendless wrote:

For a start unless you know where I live and where Rush lives and what properties we own and when I sold how do you know that the market is completely different?

Well said, some people seem to believe all the hype (based on a few months) and assume the market is the same in every town, village & city in every region across the UK. :mad:

I am currently considering selling my flat. I live in an ex-mining town and it is in the top 15 towns for house price growth in the UK. The demand in places like these i.e. Welsh valleys, Fife, Ayrshire, Yorkshire etc. is huge and growing. A few years ago -when the market was considered to be booming - the area I live in was in decline and my flat was not gaining any value at all.

To the OP you have to seek advice from estate agents - ask for 4 or 5 to come over. Look up pricing websites which tell you what other houses in your area have gone for. I've been told that for every £1 of quality improvements you do on your home you will add £2 onto its value.

deemy2004

Yeh advice from estate agents...:)

The market is rippling out from London.... takes times to reach the distant shores of the empire.....


London peaked, I think about 2 years ago ??
So the stagnation / decline is well underway and with each month the trend continues to be reinforced.

Only a matter of time, people in the valleys become all puzzled as to why their houses are no longer selling ?

Even more puzzled when more and more for sales signs start sprouting up like its spring !

Probably the further away you go from London the stronger the market is in relative terms. So I suppose Inverness is still booming ?

PAVEL_3

deemy2004 wrote:

The market is rippling out from London.... takes times to reach the distant shores of the empire.....

London peaked, I think about 2 years ago ??
So the stagnation / decline is well underway and with each month the trend continues to be reinforced.

Only a matter of time, people in the valleys become all puzzled as to why their houses are no longer selling ?

Even more puzzled when more and more for sales signs start sprouting up like its spring !

Probably the further away you go from London the stronger the market is in relative terms. So I suppose Inverness is still booming ?

This is exactly the point I made. Just because the market is stagnating in one part of the country does not mean it is stagnating everywhere or for all types of property.

It is up to the OP to research how prices are going in her own area.

sneekymum

You can't hide what's there to be seen but you can CLEAN.

Grotty houses go to poor people as well as those planning to do them up and what counts most is being able to move in and not feel itchy.

I'd recommend putting the marigolds on

- you can't change the wall paper but you can wipe the windowsills - and the light switches - clean the oven - and the taps - tiles - windows - and the toilet. Hide the worst of the grubby carpet (by the front door?) with a big carpet as a remnant door mat (about a tenner). Then there's the outside - clean the front door and put a pot of flowers by it- tidy the garden. Put some plastic chairs out (about a fiver from Aldi).

Some buyers would prefer to chose their own decor anyway. And CLEAN is a really cheap option. And people don't like to clean - especially other people's dirt.

eurows

Didn't you think this was going to happen and allow for that in your calculations. I know of plenty of landlords that have had a lot worse. Fireplaces ripped out etc. BTL isn't all strawberries and cream.

If it's not your property you just don't care.