House selling in the UK and silly offers
#31
Re: House selling in the UK and silly offers
Sorry to hear about your grandad NB.
Do you have to sell it now? Is there any way you could get it done up and rent it out for a year or two?
Now is not a good time to be a seller in most areas of the UK. The exchange rate is very unfavourable too.
20% under asking price seems to be a reasonable offer these days, which would put the modernised houses at 160k. Do you have any figures for actual sales prices in the area, not asking prices, which are usually very optimistic?
Do you have to sell it now? Is there any way you could get it done up and rent it out for a year or two?
Now is not a good time to be a seller in most areas of the UK. The exchange rate is very unfavourable too.
20% under asking price seems to be a reasonable offer these days, which would put the modernised houses at 160k. Do you have any figures for actual sales prices in the area, not asking prices, which are usually very optimistic?
#32
BE Forum Addict
Joined: Apr 2002
Location: brisbane
Posts: 1,020
Re: House selling in the UK and silly offers
accept the offer and raise your glass to your grandad.
If you dont need the money over here at the moment leave it there until u are happy with the exchange rate.
If you dont need the money over here at the moment leave it there until u are happy with the exchange rate.
#33
Re: House selling in the UK and silly offers
If the house is not incurring charges , let it sit till your price is met. Have someone air it occasionally.
If you want this over with just let it go for the best price offered in the next month
If you want this over with just let it go for the best price offered in the next month
#34
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Joined: Mar 2009
Posts: 1,289
Re: House selling in the UK and silly offers
But you have to think that at the moment there are an awful lot of houses on the market. You say it's a desireable village. But it does have other houses for sale.
At the moment, a viewer is going to say oh God, I've got to re-do the whole house. But if you replace the carpet with a cheap inoffensive cream one and do the same with the wallpaper, you might get viewers who say Hm, this is not too bad.
The thing with bathrooms and kitchens is that a new owner can leave that till later when they have some more money. Changing the carpets and wallpaper however is something that needs to be done a.s.a.p. - and that might put off potential buyers.
#35
Re: House selling in the UK and silly offers
I am sure she is right that it wouldn't add any value.
But you have to think that at the moment there are an awful lot of houses on the market. You say it's a desireable village. But it does have other houses for sale.
At the moment, a viewer is going to say oh God, I've got to re-do the whole house. But if you replace the carpet with a cheap inoffensive cream one and do the same with the wallpaper, you might get viewers who say Hm, this is not too bad.
The thing with bathrooms and kitchens is that a new owner can leave that till later when they have some more money. Changing the carpets and wallpaper however is something that needs to be done a.s.a.p. - and that might put off potential buyers.
But you have to think that at the moment there are an awful lot of houses on the market. You say it's a desireable village. But it does have other houses for sale.
At the moment, a viewer is going to say oh God, I've got to re-do the whole house. But if you replace the carpet with a cheap inoffensive cream one and do the same with the wallpaper, you might get viewers who say Hm, this is not too bad.
The thing with bathrooms and kitchens is that a new owner can leave that till later when they have some more money. Changing the carpets and wallpaper however is something that needs to be done a.s.a.p. - and that might put off potential buyers.
#36
Re: House selling in the UK and silly offers
I am sure she is right that it wouldn't add any value.
But you have to think that at the moment there are an awful lot of houses on the market. You say it's a desireable village. But it does have other houses for sale.
At the moment, a viewer is going to say oh God, I've got to re-do the whole house. But if you replace the carpet with a cheap inoffensive cream one and do the same with the wallpaper, you might get viewers who say Hm, this is not too bad.
The thing with bathrooms and kitchens is that a new owner can leave that till later when they have some more money. Changing the carpets and wallpaper however is something that needs to be done a.s.a.p. - and that might put off potential buyers.
But you have to think that at the moment there are an awful lot of houses on the market. You say it's a desireable village. But it does have other houses for sale.
At the moment, a viewer is going to say oh God, I've got to re-do the whole house. But if you replace the carpet with a cheap inoffensive cream one and do the same with the wallpaper, you might get viewers who say Hm, this is not too bad.
The thing with bathrooms and kitchens is that a new owner can leave that till later when they have some more money. Changing the carpets and wallpaper however is something that needs to be done a.s.a.p. - and that might put off potential buyers.
#37
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Joined: Aug 2008
Location: Gloucestershire
Posts: 2,201
Re: House selling in the UK and silly offers
I know it's unpopular but we haggled like hell for our current home, with naer a thought for the vendor's situation. As the old saying goes "there's no sentiment in business", as every penny you save is more off your mortgage ultimately. I have had to let a house go at well under the selling price, but I didn't blame the purchaser. It is heartbreaking, especially when there is an attachment or when you've poured in so much time and money, but it's just human nature to want to save money. Life's a bitch I guess. I would agree that it may be a good investment to tart it up as much as possible or to hang on to it if at all possible and good luck with the sale.
#38
Banned
Joined: Aug 2008
Posts: 22,348
Re: House selling in the UK and silly offers
Try this website.
www.zoopla.co.uk
Might be be able to help you see if the pricing is right is in the 1st place
www.zoopla.co.uk
Might be be able to help you see if the pricing is right is in the 1st place
#39
Just Joined
Joined: May 2009
Location: Durham
Posts: 1
Re: House selling in the UK and silly offers
Unfortunately my Grandad stipulated it had to be sold. We have an offer for 155, I think I would be daft to hold out for another 5000 at this stage, basically thats 2500 I am quibbling over as it's split between my brother and I. It irks me I might add. Don't even talk about the arse falling out of the exchange rate. Anyway it is money I never thought I would get as we were estranged for many years so hand on heart I am very grateful.
#40
Banned
Joined: Aug 2008
Posts: 22,348
Re: House selling in the UK and silly offers
Sorry to read about the loss of your grandfather.
I think you've made a sensible decision. There are loads of people just itching to buy but also playing the waiting game. The question is: Who's going to crack first? I reckon it'll be the buyers who are having to pay rent while all this waiting plays out. 'Hoping I'm right because I'll soon be putting my own house on to the market.
#41
Capt Hilts
Joined: Jan 2008
Location: Sunny Adelaide :)
Posts: 1,573
Re: House selling in the UK and silly offers
Sorry to read about the loss of your grandfather.
I think you've made a sensible decision. There are loads of people just itching to buy but also playing the waiting game. The question is: Who's going to crack first? I reckon it'll be the buyers who are having to pay rent while all this waiting plays out. 'Hoping I'm right because I'll soon be putting my own house on to the market.
I think you've made a sensible decision. There are loads of people just itching to buy but also playing the waiting game. The question is: Who's going to crack first? I reckon it'll be the buyers who are having to pay rent while all this waiting plays out. 'Hoping I'm right because I'll soon be putting my own house on to the market.
Cooler
#42
Re: House selling in the UK and silly offers
Sorry to read about the loss of your grandfather.
I think you've made a sensible decision. There are loads of people just itching to buy but also playing the waiting game. The question is: Who's going to crack first? I reckon it'll be the buyers who are having to pay rent while all this waiting plays out. 'Hoping I'm right because I'll soon be putting my own house on to the market.
I think you've made a sensible decision. There are loads of people just itching to buy but also playing the waiting game. The question is: Who's going to crack first? I reckon it'll be the buyers who are having to pay rent while all this waiting plays out. 'Hoping I'm right because I'll soon be putting my own house on to the market.
I reckon Job Security is the primary factor in all of this, those with secure jobs are the only ones with the confidence to take on a new Mortgage.
I wonder which part of Britain has lost least in its housing market.
#43
Banned
Joined: Aug 2008
Posts: 22,348
Re: House selling in the UK and silly offers
I'd say that it's probably the South that has lost and will lose the least. Historically, there was a large difference between house prices in the north and the south but by the end of the boom years it became less pronounced.
Something which I've noticed is there seem to be nowhere near the number of "For Sale" signs outside houses compared with during the last recession. Also, when I look in the property section of the local papers there don't seem to be any more properties for sale than there were a few years ago.
When we put our house on the market, we're expecting prospective buyers to try and undercut our asking price no matter what it is. For that reason, we're considering setting it at somewhere between 10 and 20K more than we want for it.
#44
Re: House selling in the UK and silly offers
Hope you sell it quickly Carol, and get the price you want!!
#45
Re: House selling in the UK and silly offers
We put our house up for sale for more than we wanted,but due to shortage of buyers in the market and us living in rural WA( holiday,seaside,fishing village) folks fence sitting, we have lowered our price.Maybe shouldn't have been so greedy initially, but homes cost more to build here than in Perth by around 40%.We want to take as much back to the UK with us as possible as we are in our mid 50s.
Scotland has lower house prices except Aberdeen area and i think Edinburgh and the highlands.Aberdeen prices are holding this is due partly to the oil rig workers.Inverness/highlands are expensive too.We are hoping to live between Aberdeen and Inverness,bit of a bugger but all my family are there!!!!
Scotland has lower house prices except Aberdeen area and i think Edinburgh and the highlands.Aberdeen prices are holding this is due partly to the oil rig workers.Inverness/highlands are expensive too.We are hoping to live between Aberdeen and Inverness,bit of a bugger but all my family are there!!!!