View Poll Results: Where are you at?
No offers yet
36
33.33%
Rejected an offer/s
3
2.78%
Had to reduce asking price
25
23.15%
Accepted an offer
30
27.78%
We have exchanged!!!!
6
5.56%
Sold and moved into rented
8
7.41%
Voters: 108. You may not vote on this poll
How is your house sale going??
Sep 28th 2005, 4:49 pm
#166
BE Enthusiast
Joined: Mar 2005
Posts: 554
Re: How is your house sale going??
Originally Posted by Pauline
Hi
Anyway, mulled it over and we have accepted 5k less then asking price, thats good you might be thinking but do not forget we have dropped by 50K since we 1st put it on the market. :scared:
We are also paying the stamp duty....
.
Anyway, mulled it over and we have accepted 5k less then asking price, thats good you might be thinking but do not forget we have dropped by 50K since we 1st put it on the market. :scared:
We are also paying the stamp duty....
.
Sep 28th 2005, 7:24 pm
#167
Account Closed
Thread Starter
Joined: Jan 2005
Posts: 7,172
Re: How is your house sale going??
Originally Posted by Paul2004
Well we don't want to reduce at all, and the house IS worth the money, but if we want to sell we're gonna have to give it away at this rate!
New agents been and gone and can't promise miracles, but will give it a shot!
All they can do I guess.
New agents been and gone and can't promise miracles, but will give it a shot!
All they can do I guess.
Sep 28th 2005, 7:31 pm
#168
Account Closed
Joined: Nov 2004
Posts: 5,439
Re: How is your house sale going??
Originally Posted by Rooksie
buyers just arent out there at the moment
Yeah that's what it's all about I reckon. I think there IS signs of a crash of some sort and people are simply holding back from committing.
The agent we see today said he'd come across a couple that had viewed and found about 5 houses that were all decent, offered i think it was 30 or 40 thou under the asking price, and would go with whoever was desperate enough to drop that much!
Gutting tho as the market REALLY is crap! ...
Sep 28th 2005, 7:34 pm
#169
Account Closed
Thread Starter
Joined: Jan 2005
Posts: 7,172
Re: How is your house sale going??
Originally Posted by Paul2004
Yeah that's what it's all about I reckon. I think there IS signs of a crash of some sort and people are simply holding back from committing.
The agent we see today said he'd come across a couple that had viewed and found about 5 houses that were all decent, offered i think it was 30 or 40 thou under the asking price, and would go with whoever was desperate enough to drop that much!
Gutting tho as the market REALLY is crap! ...
The agent we see today said he'd come across a couple that had viewed and found about 5 houses that were all decent, offered i think it was 30 or 40 thou under the asking price, and would go with whoever was desperate enough to drop that much!
Gutting tho as the market REALLY is crap! ...
i would seriously consider remortgage and rent out etc etc and look at it again in 12 months time
Sep 28th 2005, 7:38 pm
#170
Account Closed
Joined: Nov 2004
Posts: 5,439
Re: How is your house sale going??
Originally Posted by Rooksie
i tell you what mate if anyone offers me that they will have to visit a dentist!!
i would seriously consider remortgage and rent out etc etc and look at it again in 12 months time
i would seriously consider remortgage and rent out etc etc and look at it again in 12 months time
Timing eh! ...
Sep 28th 2005, 7:42 pm
#171
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Thread Starter
Joined: Jan 2005
Posts: 7,172
Re: How is your house sale going??
Originally Posted by Paul2004
Yeah we REALLY don't want it to come to that, but I think that might be our direction if we have no joy with new agent.
Timing eh! ...
Timing eh! ...
tell me ....
however that is the route Bixie took and look at him now, happy as can be!!
Sep 28th 2005, 7:48 pm
#172
Account Closed
Joined: Nov 2004
Posts: 5,439
Re: How is your house sale going??
Originally Posted by Rooksie
tell me ....
however that is the route Bixie took and look at him now, happy as can be!!
however that is the route Bixie took and look at him now, happy as can be!!
Yeah we've said we'll do that at last last measures, but I see it coming to that. The missus says stop being so negative ...lol, but it's hard not to be with current market.
What gets me is how we put everything into this house, money, blood & sweat to make the 'ideal' house for our family, and it is, but since wanting to migrate and can't sell it, we curse it all the time! ...lol
poor thing! ...
Sep 28th 2005, 8:24 pm
#173
Just Joined
Joined: Sep 2004
Posts: 6
Re: How is your house sale going??
I sold my house in 3 weeks sold it tuesday to cash buyer hope it all goes well waiting to hear if we have visas its into 8 weeks now hope we hear in next 2 won't sell house if i have not got them we'll pull out its so f****** frustrating this last stage just want to get to Brissssssssssssie nowwwwwwwwwwwwwwwwww good luck to everyone selling there houses
Sep 29th 2005, 12:37 am
#174
BE Enthusiast
Joined: Jan 2005
Location: the wrong place
Posts: 892
Re: How is your house sale going??
just a word for all those selling a house.......please think hard and really concentrate on interest rates especially........because if interest rates start going up then some people will not be able to sell their house at "ANY" price........ I have seen times where interest rates are high and trying to sell a house in those times is difficult to say the least........a 150k mtg at 5 1/2% is 850.......150k at 7% is 997 150k at 9% is 1206......pretty much guaranteed rates are not going down.....the smart money sold a year ago but who was to know it was the top.......imo if I was moving abroad and had a home in the UK that was not selling I would rent it out.........I would also have written in the rental agreement that I will still market the house for sale then if and when a buyer is found I will pay the renters first months rent at a new place not greater than 1 month rent I was charging........that will pretty much make sure they take care of the place and they will feel ok about people coming to view the house........btw I also would rent in my new country until my house is sold ..........I belive the days of hitting the lottery on a UK house are over for a good few years at least.....the cycle is done......good luck to you all
Sep 29th 2005, 12:41 am
#175
BE Enthusiast
Joined: Jan 2005
Location: the wrong place
Posts: 892
Re: How is your house sale going??
btw keep this in the FRONT of your mind......pigs get slaughtered.......I learnt the lesson myself the hard way chasing a stock down....that company is no more and it took lots of my cash with it.....I was the pig and a valuable lesson learnt 
Sep 29th 2005, 5:55 am
#176
Forum Regular
Joined: Apr 2004
Posts: 223
Re: How is your house sale going??
Originally Posted by psb182
just a word for all those selling a house.......please think hard and really concentrate on interest rates especially........because if interest rates start going up then some people will not be able to sell their house at "ANY" price........ I have seen times where interest rates are high and trying to sell a house in those times is difficult to say the least........a 150k mtg at 5 1/2% is 850.......150k at 7% is 997 150k at 9% is 1206......pretty much guaranteed rates are not going down.....the smart money sold a year ago but who was to know it was the top.......imo if I was moving abroad and had a home in the UK that was not selling I would rent it out.........I would also have written in the rental agreement that I will still market the house for sale then if and when a buyer is found I will pay the renters first months rent at a new place not greater than 1 month rent I was charging........that will pretty much make sure they take care of the place and they will feel ok about people coming to view the house........btw I also would rent in my new country until my house is sold ..........I belive the days of hitting the lottery on a UK house are over for a good few years at least.....the cycle is done......good luck to you all
Many will need to sell and release cash to start up somewhere else as all monies tied up in bricks and mortar.
Many will end up borrowing money and fall into difficulty making payments.
There are capital upfront costs prior to renting out i.e. removal costs, furnishing the rental, extra cost of converting mortgage from primary home for living to a letting mortgage, management fees, tenant void periods etc.
Much more effective option is to make the buyers journey as smooth as possible financially by providing a "no money down" deal ....
i.e. offer the buyer a gifted deposit and pay the 5% deposit, pay the stamp duty and 500 pounds towards legals PLUS make sure the property is in immaculate cosmetic condition.
I would also make it clear to the EA that clients will only be allowed to view if they can confirm they have cash or a mortgage offer approved.
The beauty of making a "no money down offer" to the seller is that you can demand a 1% non refundable deposit to be held right from the beginning which removes all the time-wasters.
Sep 29th 2005, 7:07 am
#177
Now in Mandurah
Joined: Dec 2003
Location: Mandurah. Perth
Posts: 203
Re: How is your house sale going??
Just to let you know we have the surveyor coming round today so fingers crossed for us.... They only put in offer on Monday so things are moving, the right way I hope..
Also to let you know we had 5 agents in the end and it was the 1st one that sold it!!!!!!
The solictor said it could be done in 6-8wks.. :scared: :scared:
Also to let you know we had 5 agents in the end and it was the 1st one that sold it!!!!!!
The solictor said it could be done in 6-8wks.. :scared: :scared:
Sep 29th 2005, 8:27 am
#178
cheeky tart
Joined: May 2005
Location: Melbourne
Posts: 2,239
Re: How is your house sale going??
Originally Posted by Pauline
Just to let you know we have the surveyor coming round today so fingers crossed for us.... They only put in offer on Monday so things are moving, the right way I hope..
Also to let you know we had 5 agents in the end and it was the 1st one that sold it!!!!!!
The solictor said it could be done in 6-8wks.. :scared: :scared:
Also to let you know we had 5 agents in the end and it was the 1st one that sold it!!!!!!
The solictor said it could be done in 6-8wks.. :scared: :scared:
Oct 2nd 2005, 9:21 pm
#179
Just Joined
Joined: Oct 2005
Posts: 2
Re: How is your house sale going??
[QUOTE=Paul2004]the house IS worth the money
QUOTE]
The house is only worth what someone is willing to pay for it.
QUOTE]
The house is only worth what someone is willing to pay for it.
Oct 2nd 2005, 9:23 pm
#180
Account Closed
Joined: Nov 2004
Posts: 5,439
Re: How is your house sale going??
[QUOTE=libitina]
true
Originally Posted by Paul2004
the house IS worth the money
QUOTE]
The house is only worth what someone is willing to pay for it.
QUOTE]
The house is only worth what someone is willing to pay for it.
true