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Cash Only Estate Agents?

13

Comments

  • UKNeil
    UKNeil Posts: 20 Forumite
    First Anniversary First Post
    Thank you for the input. Odd that the estate agent valued it at 350000. Still market forces dictate i guess. We have had a number of offers from 350,000 to 290000 but its the licence that puts them off and then the offers get withdrawn.
  • UKNeil
    UKNeil Posts: 20 Forumite
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    Skiddaw1 wrote: »
    It's a lovely, quirky property I think but obviously the leasehold/association thing is going to limit your audience. In view of the mooring and fishing rights is is worth trying to advertise it on an appropriate boating/angling website or FB page? Or is there any mileage in speaking to some of the other association residents to see what the general demographic is and aiming at that specific market?


    Someone might want it as a weekend retreat/holiday home if that's allowable.


    Ive already tried it in several facebook groups. I get the same reply. That its lovely and should sell quickly. The photos don't do it justice in any way. Under licence we cannot even rent it at weekends.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    Name Dropper First Anniversary First Post
    UKNeil wrote: »
    Thank you for the input. Odd that the estate agent valued it at 350000. Still market forces dictate i guess. We have had a number of offers from 350,000 to 290000 but its the licence that puts them off and then the offers get withdrawn.



    Exactly, that is why it's worth less.


    It's like selling a Ferrari, but the engine is from a gulf. Initial price great, but...
  • UKNeil
    UKNeil Posts: 20 Forumite
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    So with regards to my original post are there agents that deal with cash only properties? I was thinking ebay but not sure how the pricing system works. At least Ebay would get it out to a different audience.. maybe?
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Name Dropper First Anniversary First Post
    UKNeil wrote: »
    So with regards to my original post are there agents that deal with cash only properties?
    As said above, all agents deal with cash only properties. Never heard of any specialist ones (in the same way that there probably aren't any agents who only deal in mortgageable properties).

    Auctions are a typical place to get rid of unmortgageable and/or "quirky" properties.
  • eddddy
    eddddy Posts: 16,439 Forumite
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    UKNeil wrote: »
    Cash Only Estate Agents?

    There aren't any cash only estate agents - but it's certainly worth making sure you have the right 'profile' of EA for your target market.

    I'd guess your target market might be:
    • Retired couples with an "empty nest"
    • Mortgage paid off
    • Wanting to downsize

    That profile of people tend to prefer 'old school', traditional EAs.

    They might not like using Rightmove, or young pushy EAs in shiny suits (who they think look like they are 12), or stainless steel and glass EAs offices.

    Having said that, your current EA does seem to fit the right mould.

    Another consideration is to look at which EAs have been most successful in selling properties like yours.
  • UKNeil
    UKNeil Posts: 20 Forumite
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    Unfortunately it seems most estate agents stick it on rightmove and sit back.
  • eddddy
    eddddy Posts: 16,439 Forumite
    First Anniversary First Post Name Dropper
    UKNeil wrote: »
    Unfortunately it seems most estate agents stick it on rightmove and sit back.

    Perhaps some do. But I've used many EAs who actively get on the phone and sell property.

    It's worth researching the EAs more carefully. Especially if your target market is retired people - who may not be using Rightmove.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
    UKNeil wrote: »
    For the property to flood then the whole of Worcester would have to be under water.
    Which, tbf, is not exactly unheard of.
  • UKNeil
    UKNeil Posts: 20 Forumite
    First Anniversary First Post
    I've lived here most of my life and never had to canoe to town. lol As I said for the property to flood the whole of Worcester would have to be under water. It just doesn't happen.
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