Another one - no interest in house

heckmondwike06

Although I'm not a financial advisor so take precautions and make your own judgement on my opinion but if you can afford it, and the rent can cover your mortgage then you should consider renting in short term until the general financial conditions improve. Unfortunately the financial turmoil in money markets has severely affected property buyers' sentiment so people are anticipating a small correction in property market and are willing to rent in the meantime. It's probably not a good idea to sell a property in next 12 months or so, if you can afford to keep it.

However, if you definately need to sell then offer to pay 5% deposit and either legal fees or stamp duty. This will make your home particularly attractive for people who don't want to put down a deposit to buy bare essentials. With this approach, you won't get 100% of what you expected but at least, you'll get a sale at or near the original asking price. You'll be also helping someone get on the property ladder so, there also a 'feel-good' factor too! :j

Don't try to approach so-called 'cash-buyers' as they make offers significantly less than asking price usually 15-25% depending on your circumstances / how quickly you need to sell.

Griptool

heckmondwike06 wrote: »

Although I'm a fockwitted advisor so take precautions and make your own judgement on my opinion but if you can afford it, and the rent can cover your mortgage then you should consider renting in short term until the general financial conditions improve......

I've edited your post for you.



Please don't listen to this numpty

ginvzt

No, I am not considering cash buyers, and I don't want to rent it out either. Living 150 miles away it is not a very attractive idea and all the hassle of looking for tenants, etc is not worth it, I think. Especially if the house prices will continue to fall.

I might consider a part exchange (although my husband may need some pushing for that), but only if the offer overall is right (get a decent discount on the new house). But ideally - I would sell it myself. Especially, when we have a healthy company relocation budget...

Trollfever

This seller on Right Move must be getting desperate!

History

dateevent27th Mar 2008

• Brief Description changed: A three bedroom detached bungalow set in a small cul de sac close to Village shops. IF YOU PURCHASE THIS BUNGALOW THERE WILL BE A FREE GIFT IN THE GARAGE!!!!!!!!!!! CALL TODAY TO ARRANGE A VIEWING...........................

7th Mar 2008

• Price changed: from '£349,995' to '£325,000'

4th Mar 2008

• Initial entry found.

withabix

The 'free gift' might be steaming....

either that or they are leaving granny behind!

RHemmings

A semi on Chaplin Close sold for £154K recently, so at least you're not expecting to bust the upper price limit for your road like some are.

After the information you gave out before, I know your address. (Though the road and the photo would give it away anyhow). Just another data point about how easy it is to give away identifying information online.

There's been an awful lot of sales activity in Chaplin close over the last year or bit more. Good prices being achieved too, £146K for a terraced. I presume these are similar properties to yours. Are they?

Unless the "problems" we're seeing at the moment are the beginning of "the crash", the property doesn't seem that overpriced. Of course, if this is the start of a crash, or if the credit crunch means there are now insufficient buyers, then there could be trouble. You pays yer money, you takes yer chances.

I agree with the comments about the photos. There is a really strong "fish eyed lens" effect, making all the straight lines like doors look curved. But even then the rooms look really small. Either the property is absolutely tiny, or the photos are giving a bad impression.

epsilondraconis

Not sure this is of any help but it looks a really nice house.

I wouldn't despair too much, perhaps its just that its not the best time to sell.

Also it looks like you have the same dining room table and chairs as us. Good choice!

ginvzt

So you know now
When we put the house on the market, we put below the price of exact the same house as ours. None of the 3 bed houses on the estate sold in the last couple of months, on the other hand, so it is quiet at the moment.

Also, in the area we are looking to buy barely any houses sold until last week and now a few of them seem to come under offer.

Any chance of market picking up over next few weeks?...

Trollfever

Any chance of market picking up over next few weeks?...

CRUNCH..............

Kez100

I think the next few weeks is a bit optomistic!

I think your house looks lovely and if it's priced right (I wouldn't know) hopefully at least yours will stand out as worth viewing.Unfortunately so many don't - but yours does.

The question to the EA has to be are there any buyers in your price range at the moment. If not, and you want some in the short time frame you mention, I guess a drop is all that you can do to catch buyers on a lower budget - those who have thought themselves priced out of a property as nice as yours. If buyers are out there, your EA needs to get them through your door.