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Comments
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if I was a vendor and you have not had your property on the market and offered, I will tell you go away until you are proceedable
Somewhere in the chain SOMEONE has to make offers before they're preferable otherwise the chain could take years to complete after the first offer at the bottom.0 -
Who said you will sell with purple bricks ?0
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markyyyyyy wrote: »Okay, i understand i am in a weak position and need to sell our house.
If i put our house on the market with purple bricks, and pay the £845 fee, i am obviously hoping that our house sells before the house we want sells.... but at the same time i am hoping they don't get an offer on theirs and are sold, meaning that we are in a position.whereby we need to take our house off the market (we only want to move to that housing estate).
if i did sell our house and had to let the buyer down, what would happen? Would they lose fees?
cheers
mark
If you are considering the possibility of pulling out in case the house you want sells before yours then you have to weigh up costs
Purplebricks - fixed price and no commission so overall cheaper
Local EA - Lower cost to market but likely to be more expensive overall
At least by putting yours for market, you are coming across as a serious buyer and contributing to the chain.
What is the Vendor's situation, have they already bought somewhere or waiting for there's to be sold?
If you believe your house will sell quick and local EA will not add any value then go with PB.Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0 -
glasgowdan wrote: »Somewhere in the chain SOMEONE has to make offers before they're preferable otherwise the chain could take years to complete after the first offer at the bottom.
Problem is the OP is the bottom of the chain and has not even put house on the market yet, and making an offer is pretty pointless as they have not got an offer on theirs.
they may even get less money than they were expecting, perhaps affecting what they an offer. You don't run before you walk"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
The_Palmist wrote: »If you are considering the possibility of pulling out in case the house you want sells before yours then you have to weigh up costs
Purplebricks - fixed price and no commission so overall cheaper
Local EA - Lower cost to market but likely to be more expensive overall
At least by putting yours for market, you are coming across as a serious buyer and contributing to the chain.
What is the Vendor's situation, have they already bought somewhere or waiting for there's to be sold?
If you believe your house will sell quick and local EA will not add any value then go with PB.
when we did the viewing 10 days ago, they said they had not yet found a house. they are expecting a 2nd baby in aoril so i expect they want to move before then....Savings aim for 2012: £5000 = £416.60 per month
Current Savings excluding M&G Investments (18/11/11):
Britannia: £5334
Total Aim for 31/12/12: £10,3340 -
I think it is very unreasonable to expect a seller to take their house off the market, if you haven't even marketed your house yet. Especially as you are offering below the market price.
It could take months for you to sell your property. You may not be in a position to exchange anytime soon. You think you can find a buyer within 6 weeks but you have no guarantee of that.
If I was the seller there is no way I'd be taking my property off the market until you had found a buyer.
If you really want this property you need to start marketing your house immediately.
Have a search of purplebricks threads before using them. There are hidden fees and issues with that service, e.g. extra fees if you want to pick your own solicitor because purplebricks gets a kick-back from their panel, ultimately paid for through your legal cost.0 -
markyyyyyy wrote: »when we did the viewing 10 days ago, they said they had not yet found a house. they are expecting a 2nd baby in aoril so i expect they want to move before then....
Ok so they will appreciate your position more. Do you know if they need to buy before moving out or if they are planning on renting temporarily.
If your house sells before they find another one then where will you go?
I think you should offer them £260K if they agree to take if off market as soon as you put yours on. That will be reasonable.
Things can obviously change and a cash buyer can really throw a spanner in works but that is the chance you take.
At most you will lose EA fees, at best you will have your dream house.Nothing is more damaging to the adventurous spirit within a man than a secure future. - Alex Supertramp0 -
I know this may not seen to be money saving, but I would be tempted to put the house for sale using the agent that is selling the property that you are after.
This would also give the EA incentive to sell your house as it would be tying in two lost of commission. Maybe give them 6 weeks to sell.0 -
Same situation happened with us, house we wanted put an offer in and they said the price was good but we aren't taking it off until proceedable, didn't give any grace. Got ours on the market within 3 days and had constant dialogue with them and once ours sold they took it off. It is upto the Vendor not the EA to give you time to sell the house so 4 weeks is a pretty fair deal at the 260. If you want it that much agree the extra 3k and get yours sold. They aren't doing anything wrong nor upping the price. Thats the price they want from you in your position. If someone comes along having already sold their house and they want a quick sell they would likely accept less. It is on a situational basis how people and what people accept. If you want it get your skates on and get yours listed.0
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markyyyyyy wrote: »when we did the viewing 10 days ago, they said they had not yet found a house. they are expecting a 2nd baby in April so i expect they want to move before then....
Then they have even less incentive to accept your offer ! They can wait with yours in their back pocket until they find somewhere. A better offer (proceedable and / or more money) may come up whilst they are looking. Why would they close off their options until they have somewhere to offer on ?
And sure, they might like to move before baby in April but if they haven't found a house yet, nor have a proceedable buyer, they can stash that hope next to their store of rocking horse poo.0
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