Advice for a quick sale - please

Doozergirl

Ok. £275,000 is a ruse.

It's often the price an agent gives you when they know it's borderline but they want to win the business. They think they'll take a punt at £275,000 and then bring your expectations down. There has to be quite a difference in the quality/size of a house to push it from £250,000 to £275,000. There isn't really a middleground; if your viewers don't think it's worth paying £275,000 for, the majority will only pay £250,000. You'd have to be crazy about a house and slightly naive to pay £268,000.

Also, EA's don't set values, buyers do. If you don't have a buyer in a reasonable amount of time, the valuation wasn't right.

Trollfever

It's been on the market 9 months, 15 viewings,

on market for 10 months, and had 13 viewings

Get real, the boom times are over.

For a quick sale:

http://www.barnardmarcusauctions.co.uk/


This is a very long established property auction house, not some fly-by-night internet firm. All the major UK property players will be aware of the listings and you should get a fair market price and the cash in 28 days.

macaque_2

Ercesuzan wrote: »

First post, hope it makes sense!

We need to sell our house quickly. It's been on the market 9 months, 15 viewings, one offer of asking price which fell through because of bereavement of partner of prospective buyer. EA confident of asking price, all viewers feedback has been positive.
Young couple viewed 2 weeks ago, loved the house but it was more than they could afford after checking their property valuation and what they could borrow. We reduced price for them by £25,000 to try to get a quick sale but it was still too much for them. Two questions - 1. do we contact them to ask what they can afford (we do know them)? 2. have you got any advice or alternatives to get a quick sale?

My instincts tell me that you have not 'decluttered' the price enough.

pinkshoes

Personally I think the goverment should get rid of the stupid 3% stamp duty, because it really does become such a barrier when buying/selling a house.

People will automatically want to offer £250k for a house that's on the market between £251k and £270k...

If the house isn't selling, have you got enough equity in the property to viably let it out rather than selling? (i.e. is the mortgage interest alot less than what you'd receive in rent?).

You can then rent somewhere else and sell when the market is more stable.

ginvzt

What if you offer to pay stamp duty for the buyers? Or at least the difference between 1% and 3% if the sale price is above £250K?

Bf109

The problem with £275 is that its far enough away from the £250 SDLT to scare away buyers who might otherwise offer at £250, for example if the place was on at £260.

Gillibobs

pinkshoes wrote: »

Personally I think the goverment should get rid of the stupid 3% stamp duty, because it really does become such a barrier when buying/selling a house.

I agree totally! It's such a massive jump in money that most people can't justify it. We ended up buying a place at £268k which was on the market originally for £285k. Although our budget was around £280k we ummed and ahhhed for ages and were very reluctant to look at places above the £260k mark. However most places around these prices were two bed cottage style houses with downstairs bathrooms and although a couple were ok in size, in around 5-6 years when we will probably be starting a family they would become far too small and we'd have to move again. However we decided to bite the bullet and the house we have bought is three bed with huge extended living room in a nice location which is why we decided to pay up now as we can essentially live there for much much longer.

Surely if the government still want to step up a percentage bracket at £250k, why can't they make it like income tax, therefore you would only pay £3% on any amount that is above £250k, which would be nowhere near the jump in amount you pay and if the price is only £10k above you wouldn't be paying much more.

peaches67

Thank you for all your comments.

It apalls me to think that w shoukd reduce our property because of stamp duty.

If every house on here has sold for the same price give or take a few, why should we reduce by 25,000?

Anyway, enoug is enough, I have split family due to re-location with works and we are now leaving the house empty,n a couple of weeks and moving anyway.

So my friends fortunately I am lucky to have a solution t my house not selling and I wish you all the best of luck in everything.

:T