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What's the best wording if you want a quick sale?

"Offers in the region of..." or name a price? If I name a price, should it be higher than I'm willing to accept? Or the figure I will accept? Or even "offers over..." and name my rock bottom price, to raise interest? Is "motivated seller" as I've seen in some adverts really a useful thing to say? It always makes me suspicious when I see that
I'm willing to accept less than top market value but obviously want to raise as much as possible from it.
For context, it's a rental I have on BTL which will soon be vacant, so of course I want to be paying all the bills on it for as short a time as possible. I'm trying to balance ongoing costs against sale costs
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Comments

  • Myci85
    Myci85 Posts: 344 Forumite
    Eighth Anniversary 100 Posts Name Dropper Combo Breaker
    I don't think any of the oiro, in excess of, etc etc wording makes much difference tbh. I'd just go with guide price. Personally I think if it said highly motivated seller I would interpret that as they may be more likely to consider a cheeky offer so would maybe go in lower than otherwise. But whether any of that makes any difference to how long it really takes, who knows? You could accept a quick, low offer just to get it sold, but it could fall through late in the process, or drag on due to chain issues, and end up taking just as long to go through. 
  • DullGreyGuy
    DullGreyGuy Posts: 17,360 Forumite
    10,000 Posts Second Anniversary Name Dropper
    FlorayG said:
    "Offers in the region of..." or name a price? If I name a price, should it be higher than I'm willing to accept? Or the figure I will accept? Or even "offers over..." and name my rock bottom price, to raise interest? Is "motivated seller" as I've seen in some adverts really a useful thing to say? It always makes me suspicious when I see that
    I'm willing to accept less than top market value but obviously want to raise as much as possible from it.
    For context, it's a rental I have on BTL which will soon be vacant, so of course I want to be paying all the bills on it for as short a time as possible. I'm trying to balance ongoing costs against sale costs
    Price alone will drive people, irrespective of what you say people will offer what they think its worth but over price it and people may not bother looking 
  • GavCB
    GavCB Posts: 7 Forumite
    First Post
    what does your estate agent recommend?
  • NervyBuyer
    NervyBuyer Posts: 136 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I would actually price it for quick sale in the first place, put 'OIRO' or just a straight price (definitely not 'offers over') and write 'priced for quick sale' in the highlights bit at the top of the listing where they normally put 'no onward chain'. To me that would make the intention clear and mitigate doubts over 'why is this house cheap?'. 
  • lincroft1710
    lincroft1710 Posts: 18,660 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Just state a price and the words "no chain". Agent can say (if asked) "LL selling their rental"
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • ReadySteadyPop
    ReadySteadyPop Posts: 1,288 Forumite
    1,000 Posts Photogenic First Anniversary Name Dropper
    FlorayG said:
    "Offers in the region of..." or name a price? If I name a price, should it be higher than I'm willing to accept? Or the figure I will accept? Or even "offers over..." and name my rock bottom price, to raise interest? Is "motivated seller" as I've seen in some adverts really a useful thing to say? It always makes me suspicious when I see that
    I'm willing to accept less than top market value but obviously want to raise as much as possible from it.
    For context, it's a rental I have on BTL which will soon be vacant, so of course I want to be paying all the bills on it for as short a time as possible. I'm trying to balance ongoing costs against sale costs
    Price alone will drive people, irrespective of what you say people will offer what they think its worth but over price it and people may not bother looking 
    Good advice.
  • LoopyLoops
    LoopyLoops Posts: 142 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    We just bought and when making clear it’s chain free is definitely a good thing.   I agree with you and would avoid the ‘motivated seller’ as it just reads as ‘desperate’.  I don’t like listings that say offers over.  I prefer to see just a price than offers in the region off, i think that sounds confusing or the seller isn’t exactly sure what they are looking for.  I think I would get it on the market as a straight forward (and simple) listing and see what happens, how much interest you get.
  • Grumpy_chap
    Grumpy_chap Posts: 17,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I don't think there is any wording that will make a real difference to level of interest or speed of sale.
    The price will make a difference to the level of interest and speed of sale.
  • youth_leader
    youth_leader Posts: 2,854 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I think the 'no chain' will attract, as well as a clear floor plan. Good luck.
    £216 saved 24 October 2014
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