30 Months on the market

donkeyman18

It's too expensive.

Romani_Ite_Domum

PasturesNew wrote: »

I know the area well. People from outside of the county have no idea what it's like living down that way. It really IS seasonal - and houses can quite often take 2-3 years to sell simply because you have to wait for a rich person to happen to fancy living down there and do something about it!

You've got that right. My last house took 18 months to sell and it was a great house.

If I was desparate, I would drop the price to sell. However, the leap to a modest 4 bed is going to be £80K-£100K as it is.

On our 3rd agent. Not tried one of the "posh" ones as they charge 3% and it is the lower end of the market. I was thinking of ditching the agent and dropping the price to £220K.

I thing I also learned from my last property, is that selling BMV increases the time wasters. I have enough of those as it is!

Romani_Ite_Domum

julie_d wrote: »

. May I ask? when you had your offers did any SPEND money on having surveys, etc ? did you loose money on having yours done on the new choosen house?

out of the offers I have listed, most only lasted a week or two then they lost thier buyers or just had a change of mind. 2 made it to close to exchange and cost me and them money. Both were cash buyers and didn't need a mortgage. The last one was the most bizarre as he hasnt acutally pulled out of the sale but is uncontactable. My agent is worried that he has died.

Due to being messed around so much, we havnt got as far as agreeing a sale on another property. We would wait for exchange until we started making offers. Maybe rent for a while.

It's hard tidying the place for every viewing, especially with 2 young sons!

Woby_Tide

if you think the price is going to continue dropping and want rid then how about selling to one of those 'buy any property' companies, surely if they offer80 or 90% then you have got rid? (not that I know if they offer 80% admittedly but as you've already dropped 10% so far)

Bf109

Drop the price to £215

Bf109

Romani_Ite_Domum wrote: »

Not a chance. The majority of people on this site are quite sane but it does have its fair share of nutters.

:eek:

So, you are prepared to post your house on teh internets where any old nutter can see it, but not on an MSE forum?

Mrs_Thrify

Thank you for your reply, it is frightening! even when you get an offer and all parties pay for survey's, etc nothing is sure untill exchange of contracts & completion. If only for a system where you could be sure of people's intentions!!!before paying out on your own survey for the new house.

teabelly

After 30 months it will be stale! Take it off the market then put it back on just before Easter when the grockles will be around and day dreaming about living there during the summer. Look at similar property and see whether yours is on a par. If it is too cheap then people will be suspicious, if it is too expensive they won't want it.

Alternatively bang it in an auction and set the reserve at 180k. If it sells then you are automatically at exchange straight away and if the buyer pulls out you can then keep their deposit :-)

Alternatively stick it on a BTL mortgage and rent it out and pull out the equity for your next property. Keep some behind to cover possible shortfalls on the mortgage, repairs, unforseen disasters etc and it might be the quickest way out of the situation.

SquatNow

A house, like anything else is only worth what someone is prepared to pay for it. You think it's worth £215k. The buyers think it is worth less. They have the cash, you don't, thus they are right and you are wrong.

You need to drop the price until your price meets their price.

Drop the price to £199,999 then drop it by £1000 a day until you find a buyer.

When it comes down to it, until their cash is in your bank account, the house is worth precisely zero.

firsttimetom

Me and my partner have got Cornwall high on our list of places to live and have been keeping a close eye on the market.

My initial thoughts were how much cheaper you could buy a house in Cornwall than a comparable one to where we currently live (Small town in Gloucestershire).

Are wages really that bad? North Devon is my preferred location as it is a little closer to home, but my OH loves Cornwall. I do appreciate the seasonality whihc is why we have been working hard to get a large a deposit as possible.