why is no one flexible?!!

ginvzt

I think what you need to understand tht people above you also don't want to take on higher mortgage. Therefore they don't wnt to fropthe price too much as well becuase they need to buy somewhere else!

EdInvestor

cranezoe wrote: »

... it feels like we are the ones who lose out most here. the FTB gets an "affordable" house, the top end of the chain gets close to the asking price and muggings here gets more debt!

Sellers are beginning to realise who is the loser when you get into the grip of an STR speculator/opportunist FTB.

It may simply be better to wait until the banks/Govt sort out the credit crunch and the more civilised type of buyer comes back on the scene,

dubsey

A friend of mine in the next road to us had this problem too. They sold and wanted to increase the mortgage by roughly (flexible) 50k. Everything they offered on was a flat no-asking price is fixed. They had been checking rightmove for a long time and knew how long properties had been on the market for, but those sellers still seem to have the attitude of it won't happen here because it's the nicest end of town.

They didn't have to move either, so they are staying where they are now.

cranezoe

I didnt really explain the cupoards the wrong way round bit properly, sorry. its not important to this thread I guess but - in the master bedroom the house we didnt like as much had fitted wardrobes along the length of the room. add a bed and you would barely be able to walk round. the reason its done like that is because the built in cupboard is on the width wall and the window on the other width wall. it just felt all the wrong way round. similar thing with the patio doors on the kitchen. but yes we could look again at that one and smash up all the fitted things in bedroom and refit the kitchen I guess.

EA's are circling round us like vultures. any of the ones who know we have an offer on the table keep ringing us with properties to view as they have said there aren't many first time sellers in a proceedable position.

gemima sorry to hear you have the same problems. hope you have some luck too!

Commonsensesearcher

EdInvestor wrote: »

Sellers are beginning to realise who is the loser when you get into the grip of an STR speculator/opportunist FTB.

It may simply be better to wait until the banks/Govt sort out the credit crunch and the more civilised type of buyer comes back on the scene,

I am virtually speechless at this. For the wrong reasons!!! Some STR's may be speculators, others may have just moved to a new area and are finding their feet, others may have just failed to find anything they like but not wanted to lose the sale on their property. And opportunist FTB??? So FTBs should all by hung by the ball cocks and be forced to pay whatever vendors inflated idea of value is should they??? And God knows what you mean by 'civilised buyer' - in my book that is someone who has the finance to buy a place and is in a position to proceed - could be describing many STR's actually...

To the OP, you sound like you've been very reasonable with your pricing and have found a buyer as a result. They are rare at the moment and if I were in your shoes I would DEFINITELY sell and rent for a while. Whatever happens to prices in the next 6 months I'd doubt whether they will rise, hence any equity gain you have from th existing place will be protected in that sense. If prices fall then your cash sum will go further (the banks are sorting out their problems - they are returning to sensible lending again = limited affordability = prices readjusting to that affordability by thats just my opinion). Additionally, you'll be in a cracking position as a buyer and be very 'proceedable' in estate agent speak. You'll be able to move far quicker as you will not be waiting for a buyer and this in itself could be worth a few thousand less to a desperate seller. Its a prudent move in my opinion and could suit your situation perfectly.

SquatNow

Surely the OP should be more flexible and be prepared to take on a huge amount of unmanageable debt to ensure the person they are buying from is able to make maximum profit from their house???

Come on man, where's you blitz-spirit! Just get a bigger motgage or run up your credit cards... you need to pay up so the person at the top of the chain can cash out and retire!

JonnyBravo

SquatNow wrote: »

Surely the OP should be more flexible and be prepared to take on a huge amount of unmanageable debt to ensure the person they are buying from is able to make maximum profit from their house???

Come on man, where's you blitz-spirit! Just get a bigger motgage or run up your credit cards... you need to pay up so the person at the top of the chain can cash out and retire!

:rotfl: :rotfl:

Great stuff!