We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A quick sale - I think not!! advice needed...
Options
Comments
-
try a private advert in your local paper?????
christ what a time to try and sell a house, i am waiting to buy a 4 bed cash i pulled out of looking in aug last year and reckon i wont be looking for one for at least six months thats what the market is like now and its even harder if you need a 100% mortgage,,,,just bad timing on your part probably not meant to be,,,,good luckIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
try a private advert in your local paper?????
christ what a time to try and sell a house, i am waiting to buy a 4 bed cash i pulled out of looking in aug last year and reckon i wont be looking for one for at least six months thats what the market is like now and its even harder if you need a 100% mortgage,,,,just bad timing on your part probably not meant to be,,,,good luck
Thanks, maybe i'll try that in conjunction with an open day...
it can all do no harm....0 -
if your house is on at 400k and hasnt sold (erm twice) then the reality is it isnt worth 400 k
Only something that sells is worth its price tag0 -
the company called a quick sale have got back in touch with me today... it was a few hours ago but i've only now come out of shock.
My house is on the market for 400k, and has sold twice for asking price but has fallen through...
sure needs regulating!!!
How could it be regulated? They've made you an offer, you've refused it, end of, really?
I think it's hard to say at the moment that your house is "worth" £400,000. If it's been on the market for a while, what with the credit crunch etc,...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
PN,
How do you know the OP is selling an unusual house?
It's not the one with a turret in Llandaff village?
A RM link may bring some further ideas......In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Very true, however, the figures they have advertised are misleading and disappointing to say the least... lesson learned.
In your case.....
They offered me 85% of what I deemed my property to be worth. (136k on a 160k perceived value). We decided it was too low and sold it thru an agent instead, for the full 160k (so its true value now).
He told me quite openly they use the same research methods you could use. Nethouseprices, rightmove, that kinda thing. To find equivalent properties. I guess thats where yours came unstuck if there isnt anything the same and yours is unique (according to other posts)?
Although the whole forum as one pretty much say don't go to these vultures anyways!!0 -
what quick sale companies have to take into account are
huge mortgage arrangement fees to buy new tightly-controlled products,
early repayment penalties if/when they sell on
high interest rates for BTL/BTS products
several months of mortgage payments while trying to sell.
three lots of solicitors fees
they often give the first year rent free on a rent back also
profit
capital gains tax/income tax
it all adds up0 -
The OP linked me to it the other day. But it wasn't for me. I can't even PM a link to you, that would be for the OP to do now you've expressed curiosity. It's not for me to.PN,
How do you know the OP is selling an unusual house?
No. You're not even warm.It's not the one with a turret in Llandaff village?0 -
Ok, I ave managed to find one of these companies with integrity. Ok, so they have to make a profit, but you cant get fairer than what they have offered.
I have an offer in writing that they will pay me 83% of what the house is worth. To reach that figure, and independant RICS registered valuer will visit the house and produce a full 16 page report. I have to pay 25% of the fee ( about £150 ) that will be refunded on completion and i am free to nominate the company.
Guess you cant get fairer than that, bearing in mind, the house market is losing over 1% a month in my area and its already lost close on 40k!!
Shall let you know what we decide to do, and if this is all ligit, howver I do have the guaranteed percentage in writing!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards