A quick sale - I think not!! advice needed...

Doozergirl

LISAW wrote: »

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!

Aren't the ones that charge a fee the ones to avoid? They'll value at whatever, write an achingly long list of what's wrong with the house to justify the low valuation and then offer you 83% of that. You don't accept, they keep the valuation fee?

Do you get to actually choose someone from the yellow pages or from a list? Even then, they'll speak to the surveyor and ask for a 'realistic' valuation.

Has dropping the price brought any viewings? I presume you've dropped by at least 15% since your last posts?

LISAW_2

He will provide a database of RICS registered Valuers and we can chose.
In the main, the people to avoid are those who charge. However, its those who charge a fortune to drive past and value that concern me. The £150 QUID will get me a full RICS registered report that normally cost more than double that and I am free to chose my own people as long as they are registered. I am also concerned as there are l9ots of sharks out there, but this genuinely seems on the surface to be the best,..... fingers crossed!

Scotty8

I am a new member to the Forum and am having a similar dilemma. I have found the perfect house with land and it's a snip. I can't sell my own house (5 bed, 3 reception, detached) I'm asking o/o 350,000 ( dropped from 395,000 to 375,000 then again to 350,000) and have just had an offer of cash for 335,750 . What do you think?

silvercar

grab it with both hands.

SquatNow

House prices effectively dropped 50% when the banks scrapped their high LTV rate mortgages. Sellers haven't noticed yet though.

They'll notice on 1st April when all the BTLers TRY to sell at once and all the chains collapse as people see the ex BTL properties, price aggressively for a quick sale, are a better deal than what they are buying.

JoJoArmani

SquatNow wrote: »

House prices effectively dropped 50% when the banks scrapped their high LTV rate mortgages. Sellers haven't noticed yet though.

They'll notice on 1st April when all the BTLers TRY to sell at once and all the chains collapse as people see the ex BTL properties, price aggressively for a quick sale, are a better deal than what they are buying.

Why will they all try to sell on April 1st?

Just out of interest...:D

Tassotti

Scotty8 wrote: »

I am a new member to the Forum and am having a similar dilemma. I have found the perfect house with land and it's a snip. I can't sell my own house (5 bed, 3 reception, detached) I'm asking o/o 350,000 ( dropped from 395,000 to 375,000 then again to 350,000) and have just had an offer of cash for 335,750 . What do you think?

I'd offer 175K

clutton_2

""Why will they all try to sell on April 1st"" - after April 5th CGT changes from 40% to 18% - but taper relief is lost ... so its not the " gravy train for everyone"

PasturesNew

I don't think there will be a sudden rush to market on 1 April.
On the basis that property doesn't sell immediately wouldn't these houses already be on the market, or does the "to market" date have to be on/after the next tax year?

Doozergirl

It's all about money in the bank, Pastures New. Doesn't matter when the property was marketed.

I think the people who would like to take advantage of a lower rate of CGT as a get out clause would, unfortunately for them, be people who probably haven't made any capital gain.

Those that have made significant capital gains can probably afford not to sell. Not to say there won't be some selling up for it, but the new rate isn't only available on 1st April! People can sell when they like