We have just had an offer on our house and I'm just wanting a few opinions please.

OK - the estate agent said they could sell it for around £92 - £95k. The offer is for £85k. No chain, cash sale and can complete in 4 - 5 weeks. We can live in the house rent free until the day we fly out.

We have had 4 phone calls in the past 6 weeks. 2 already had offers accepted on other houses, 1 didn't turn up and 1 offered £92k then pulled out 2 days later.

In the past three weeks, 4 houses have sold in adjoining streets on similar types of houses. However I don't know how much for. They were all on the market between £87,500 and £110,000

Now the dilemma is do we take the house off the market and sell to this guy, that way we save estate agents fees and make a profit of just short of £48k on the house ( had it for 2 and a half years ) or do we hold out for a while and see if anyone else comes along with an offer of more than £90k which is the price we originally said was our lowest.

Any comments welcome
Thanks
Wendy

Me personally...I'd accept...is a few grand really worth the hassle,when you could be in Aus in a few weeks?

House prices here: http://www.nethouseprices.com/...:....

Bit of a dilemma there - must be tempting to take the money and run (£48k profit isn`t bad for 2 years) however if you could get a better offer the money would be handy in Oz. I don`t envy you that one some decison making k on it`s way

The estate agents life isn't on hold; yours is. Will GBP5,000 to GBP10,000 make that much difference to you in the grand scheme of things?

A bird in the hand is worth two in the bush...... (at least that's what it says on page 91 of this months addition of Penthouse!)

Hi Wendy, How soon do you move? It seems like you have had quite a lot of interest in your house so you could still sell quite easy. It depends on how long you have got left to sell it and how quickly the houses in your area are selling.

It sounds like a good idea that you can stay there until you move and you will save on estate agents fees too but you could make extra money by waiting to see if someone else puts in a higher offer. Its a really hard choice.

We have just taken ours off the market, the man who was buying was messing us around and had not even got a mortgage in place so we have decided tp keep it and rent it out instead. Its a pain in the arse though osnt it?

Go with your gut feelings.

Good luck Wendy
Julie x

Wendy, Why not pop around to the other 4 and knock on the doors - they may well share the info - especially given your situation. My advice would be take the money and run/fly/swim to Oz.

You can keep it on the market until the buyer exchanges contracts. Or make it a requirement that it will remain on the market until a certain point ie the solicitor has started the searches etc - at a point where a serious buyer has started incurring cost to show their real intentions.

Take it you have had at least 3 agents already through to compare with?

A fast and easy sale is well worth a couple of £K's.

Good Luck and lots of Karma too you.

We went to two agents the one we are with now said £92k the other one said £79k although he said he'd put it up for £89k

The guy who has made an offer is a friend of my hubby's. So he has said we can stay in the house even after completion until we actually fly.

I think we are leaning more towards taking the offer. I will keep you all informed.

Thats an incentive Wendy...being able to stay on in your own place!

What does the agent think...are the confident you could get your asking price?

go for it wendy, tell the agents to take it off and grab the offer in my opinion! you know how difficults its ben for lots of people on here selling and being let down before. and just think of the money you'd save in rent too! that could end up amounting to a couple of k before you go!

They say they don't think it's overpriced, but we haven't had any interest at all for three weeks, well except the guy that was supposed to come Saturday but didn't turn up!! So it must be.

Take it Wendy! The amount of people on here that have had a nightmare time selling up out-weights the hassle free sales.

You can stay in your own place, and you'll save on the agents fees too.
Plus you'll have your very own SOLD sign and thats 1 job less

Good luck Wendy xxxx

Right, the hubby has told his mate he can have the house. The conditions are that it doesn't get taken off the market until he has had a valuer and agreed the price officially. Then at least if anything goes wrong we have a plan B.

Also if he wants any furniture he has to make a seperate offer on it.

I feel so relieved now it's untrue. He better not pull out or I may have to kill him

Going to get my baby from school now, then I'd better clean up as he's coming to look round tonight

So pleased for you Wendy, at least you can relax now and not have to worry about selling it.

Well done!! Have a little tipple tonight to celebrate
Julie x

Is there anyway they would up the offer?? can you get it up to 90k if he really wants it he may offer more.

Good luck

He offered us £75k before we put it on the market so he's already upped it by 10k.

Oh well, he is apparantly contacting a surveyor this aft so I will see what happens. If the surveyor comes then I know he is serious and I will plan the next move.

We also won't have to pay the agent so that will save us £1500, we should be able to sell our furniture for around £2k so really we are only losing about £2k off the lowest we would have sold for including all our stuff which was £90k. As we all know £2k isn't a lot when you are selling a house.