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

PasturesNew

RESURRECTED THREAD

I just updated Property Bee, so was going through and remembered this. It's now nine months since the OP started the thread, I've been seeing if it ever came through on Land Registry and it never did. So tonight I checked RM ... and it's for sale again/still.

Here's an overview from the time:

PasturesNew wrote: »

I see from Rightmove that she dropped the price by 15% but it's still for sale.

04/03 - This thread was started
18/03 - OP last posted anywhere on these boards
31/03 - Price reduced on RM from £400 to £340

It's now been for sale at £299,950 since 7 November, with the original EA (new link/RefNo though), looks to me like the same photos, so I'm guessing that the OP still hasn't sold it.

dopester

PasturesNew wrote: »

It's now been for sale at £299,950 since 7 November, with the original EA (new link/RefNo though), looks to me like the same photos, so I'm guessing that the OP still hasn't sold it.

Ho-hum. 75% of £299,950 = £224,963... which is only just a bit off the lowest 75% amount the QuickSale company originally offered.

LISAW wrote: »

After a few hours of his own internet research, the investor has deemed that the house is only worth £290k, meaning they will only offer me £220k for a house worth £400k!!!! So much for their advert stating they pay between 75% and 90% of market value.... more lke 55%

Yes i need a quick sale, but not like that. i feel sorry for the guys who think this is their only option.

PasturesNew

RESURRECTED THREAD

I've resurrected this because I've just been looking through houses for sale and it's still on the market.

Nov 2008: £299,950

Zelie

Doesn't seem to be.

"Knight Estates Agents, Barry - sales have removed this property as it may now be sold, under offer or temporarily withdrawn from the market"

m_13

I think it's been moved from the old listing to a new premium listing with extra photographs: http://www.rightmove.co.uk/property-for-sale/property-11324898.html

From the photographs it looks to be completely empty.

I do know what the the OP was complaining about though! On the one side you have sites selling the details of distressed sellers who are willing to sell BMV (below market value) - typically people are paying £50 for the 'lead' which says what percentage BMV they'll accept and why - and on other side people desperate to sell houses for a variety of reasons. It's very sad to read these 'leads' when they say things like 'terminally ill, no life insurance' as the reason they need a quick sale.

There are plenty of people who are making money from running BMV seminars telling other people how to write their flyers to find the maximum numbers of BMV sellers. In fact, the government had to restrict access to the government Possession Claim website I believe to stop people looking at the future court hearings and contacting the people concerned

oldMcDonald

Interesting thread.

The link given by m_13 does give the impression that the property is no longer lived in, but I am surrounded by clutter so it may just be a clean and tidy house....I would not recognise one!

I don't really know how to view this thread. I feel sad for the OP as they obviously believed their house to be worth the original valuation, but the house is now on at 9k above the valuation by the quick sale company, a price which gave the OP a 'shock'. The original offer of 220k is now just over 25% off of the asking price.

bluejake

LISAW wrote: »

Thanks,

Have thought of many things but not an open day.... keep your eyes posted in the local papers!! :j Maybe this will get some much needed interest from the "right person"

On the plus side, over 1300 investors have been contacted today offering them a 15% discount... which i could swallow, just!

She said she could just about swallow a 15% 'discount' :rolleyes: off the £400k the property is worth.

I guess she is slowly and painfully facing up to reality. It is when interest rates go up that reality will really start to bite for a lot of people.

How much will the property be 'worth' in 12 months time? I guess less than it is on for now.

PasturesNew

m_13 wrote: »

I think it's been moved from the old listing to a new premium listing with extra photographs: http://www.rightmove.co.uk/property-for-sale/property-11324898.html

From the photographs it looks to be completely empty.

Yes, that's the one.

They are the same/original photos from before though. It was empty then.

m_13

It is odd, both in position and in the way it is presented. It looks very pub like because of all the open space.

I have to agree with other posters, I do think the lack of a garden will have put some people off. I don't particularly like maintaining grass but you would think a house this size would be for a family. On the aerial view there seems to be some land to the right but it doesn't appear to belong to this house.

PasturesNew: how is the noise :kisses3:

Robert_Sterling_3

Lisaw:- At about 7 PM you were saying that your house was worth £400,000 and 2.5 hours later you were offering a 15% discount. So the price must be £340,000.

It has been going down at about £400 per minute.