jon&kate

House went up for £269950 (overpriced by first agent)Reduced to £264950 offer came in of £250000 we refused then £252000 refused then £255000 and they said they could go no higher!!!!then yesterday £256000 still refused so this morning £257000 we wanted £260000 but if it gets to £258000 i think we will accept.So what would you do??????

Kapri

I would instruct the agent to tell them if they can stretch to £258,000 they have a deal.

Centurion

Agree. Dont arse about and just tell them what you will settle for. Otherwise you end up with pissed off purchasers who cant be bothered to make another offer.

A house is only worth as much as someone is prepared to pay for it, despite the dillusions of most estate agents and some home owners.

why

good advice go with it.....get rid of it as they obviously want it...don't want them to drop out......

what is your house like is it on the internet?

jon&kate

3 bed semi

on a mission

Sell it to them for 249999, escape the stamp duty....for them

then sell them fixture and fittings for £5k

everyone wins

jon&kate

That makes £254000 and im not going to do that am i ?????????????????

on a mission

fixtures for 8k, they will save a few grand on stamp duty, and will sound great to them.

jon&kate

stamp duty is 3% so think they should offer us £249950 and £9000 cash for fix and fit and they will still save over £5000.

GinaUK

Bear in mind that now is not a good time to sell a house! A week before the school summer holidays means that for the next months or so, families with school children will not be looking at houses.

If you lose this buyer it may be a while before you find a new one.

I would consider how soon you want to be in Oz.

Gina

on a mission

There you go, and we all get the satisfaction that scottish git doesnt get our hard earned money to push into some welfsare system for the unemployed dickheads in the country.

Seems everyone is a winner then, they save £5k and you get your asking price on what you are happy with,

do I get a commision?

smoggieswilltravel

Got to becareful with the fixtures and fitting / stamp move. A friend recently offerd to pay the stamp duty on her house (£250k) range and a sale was agreed but then the surveyor for the buyers mortage said that the house value was greater than the sale price and so the buyers had to pay the stamp. Lucky that they could afford it and didn't step out of the sale.

Good luck, don't risk loosing buyers, we had a nightmare but finally house free.

LauraC

I thought stamp duty was based on how much the house was bought for, not how much a valuer said it's worth.

walaj

they are very skeptical of houses that sell for just under the 250k mark. F&F should be sold for fair value, and over inflated prices to escape higher stamp duty rates is AFAIK tax avoidance and sure stronger legislation was brought in that seller became liable for shortfall. Ie this is probably not the best route to take.
If you look at the news today, qtly inflation figures are higher than expected, putting pressure on interest rate rise mybe as early as Aug.
As others have putting, rather than to & fro-ing with offers, just set a figure you are happy with and they either go for it or not.
We accepted a figure lower than asking price, but the fact there was no chain on buyers side and we could set the completion date (there was about 6-7wks between contracts exchanged & completion, so we had cetainty when booked flight/shippers, leaving date for job etc), thus that was worth more to us than a few extra k from less desirable buyer - in short also consider other factors in the sale

kegsta

The market has gone pretty dead. If you want to be sure of selling before the autumn, you should grab it if you can afford to.. With another interest rate rise looming, the estate agents will be forced to admit the market hasn't "softened", isn't "different", but has actually gone down. I only wish we had your choice to make...