Whinging Pom House seller
May 21st 2008, 7:16 am
Living the dream :)
Joined: Jun 2006
Location: Little Mountain, Sunshine Coast
Posts: 1,262
Re: Whinging Pom House seller
May 21st 2008, 7:53 am
Handsome Internet Guy
Joined: Feb 2008
Location: WA
Posts: 6,116
Re: Whinging Pom House seller
I'm not sure it's about pricing correctly like the rest of the market for similar houses in your area.
When owners followed the 5% cuts given by similar sellers in their area, it was those who reduced by 10% or 12% that had a better chance of selling their homes. That's what my EA is telling me. It's not nice to hear I agree but I can see the logic in it - especially if they got out, and now people are having to discount 15% or more.
If you don't stand out as a better opportunity to buyers amongst the rest, and just continue to cut gradually by following the main market every 3 to 6 months, it's possible you might be strapped in all the way to whatever level the market reaches, - unless it the market recovers, in which case you might lose out on a few percent.
The problem with property is "what it's worth" is actually illiquid worth, not real money and any increases over the years are not real gains, until it's sold and banked in to liquidity.
When owners followed the 5% cuts given by similar sellers in their area, it was those who reduced by 10% or 12% that had a better chance of selling their homes. That's what my EA is telling me. It's not nice to hear I agree but I can see the logic in it - especially if they got out, and now people are having to discount 15% or more.
If you don't stand out as a better opportunity to buyers amongst the rest, and just continue to cut gradually by following the main market every 3 to 6 months, it's possible you might be strapped in all the way to whatever level the market reaches, - unless it the market recovers, in which case you might lose out on a few percent.
The problem with property is "what it's worth" is actually illiquid worth, not real money and any increases over the years are not real gains, until it's sold and banked in to liquidity.
May 21st 2008, 9:15 am
Da bing bing!
Joined: Nov 2007
Location: Kreissknows!!!
Posts: 2,202
Re: Whinging Pom House seller
Moving tomorrow & STILL hardly anything packed. Pulled a muscle in my shoulder lifting an overfilled box.... the Divine&Delectable OH is working a long day tomorrow & the removals arrive at 8.... oh & I've got the girls & the mutt.
Happy happy, joy joy
May 21st 2008, 10:11 am
aka bunja
Joined: May 2005
Location: Butler, WA
Posts: 1,697
May 21st 2008, 10:13 am
aka bunja
Joined: May 2005
Location: Butler, WA
Posts: 1,697
Re: Whinging Pom House seller
Bloody foreigners! No wonder the country's in the state it's in!
Moving tomorrow & STILL hardly anything packed. Pulled a muscle in my shoulder lifting an overfilled box.... the Divine&Delectable OH is working a long day tomorrow & the removals arrive at 8.... oh & I've got the girls & the mutt.
Happy happy, joy joy
Moving tomorrow & STILL hardly anything packed. Pulled a muscle in my shoulder lifting an overfilled box.... the Divine&Delectable OH is working a long day tomorrow & the removals arrive at 8.... oh & I've got the girls & the mutt.
Happy happy, joy joy
May 21st 2008, 12:22 pm
Just Joined
Joined: Mar 2008
Posts: 29
Re: Whinging Pom House seller
Well I won't bother with this thread again - sorry if you've taken it the wrong way. Didn't respond sooner as was watching the match with family. 
We've been on for £10,000 below a couple of houses on road around the corner and things seem to be in motion to complete. No one wants to lose money but it's worth it to us. That's all I meant.
It's not easy to sell and I'm sorry if I was bluntish, but the principle is sound in my opinion, of undercutting general market rather than following and matching general area falls slowly. Think like a buyer and that's going for best value. Good luck to you all. >> I won't return to this thread <<
We've been on for £10,000 below a couple of houses on road around the corner and things seem to be in motion to complete. No one wants to lose money but it's worth it to us. That's all I meant.
It's not easy to sell and I'm sorry if I was bluntish, but the principle is sound in my opinion, of undercutting general market rather than following and matching general area falls slowly. Think like a buyer and that's going for best value. Good luck to you all.
>> I won't return to this thread <<
May 21st 2008, 12:39 pm
BE Forum Addict
Joined: Aug 2005
Posts: 2,322
Re: Whinging Pom House seller
Well I won't bother with this thread again - sorry if you've taken it the wrong way. Didn't respond sooner as was watching the match with family.
We've been on for £10,000 below a couple of houses on road around the corner and things seem to be in motion to complete. No one wants to lose money but it's worth it to us. That's all I meant.
It's not easy to sell and I'm sorry if I was bluntish, but the principle is sound in my opinion, of undercutting general market rather than following and matching general area falls slowly. Think like a buyer and that's going for best value. Good luck to you all. >> I won't return to this thread <<
We've been on for £10,000 below a couple of houses on road around the corner and things seem to be in motion to complete. No one wants to lose money but it's worth it to us. That's all I meant.
It's not easy to sell and I'm sorry if I was bluntish, but the principle is sound in my opinion, of undercutting general market rather than following and matching general area falls slowly. Think like a buyer and that's going for best value. Good luck to you all.
>> I won't return to this thread <<We got 270k for ours in the end but the surveyor only valued it at 260k - luckily our buyer knew this was bollox and found the extra 10k himself
i know many have reduced and still not sold, but at least you are more likely to, you could be stuck in the Uk forever if you want last years price for your house
May 21st 2008, 6:59 pm
Living the dream :)
Joined: Jun 2006
Location: Little Mountain, Sunshine Coast
Posts: 1,262
Re: Whinging Pom House seller
[QUOTE=JenniGee;6377258]Bloody foreigners! No wonder the country's in the state it's in!
Ha ha very funny Good luck with the move.
Ha ha very funny
Good luck with the move.
May 21st 2008, 8:56 pm
Lost in BE Cyberspace
Joined: Sep 2007
Location: Happily in Adelaide
Posts: 11,994
Re: Whinging Pom House seller
OMG!!! I have another offer on the house.............
I also have a massive dilemma....................
The new offer is from a couple who have sold to their neighbour. They want to complete in July. BUT the offer is £40k under the figure which is on the table from the private sale. The private sale isn't definate. It is dependant on the guy's finances and we won't know until next week. It is however, chain free. What the hell do I do????
I have told the EA we will get back to them tomorrow - which gives us time to think. Haven't even told the OH - came straight on here.
I also have a massive dilemma....................
The new offer is from a couple who have sold to their neighbour. They want to complete in July. BUT the offer is £40k under the figure which is on the table from the private sale. The private sale isn't definate. It is dependant on the guy's finances and we won't know until next week. It is however, chain free. What the hell do I do????
I have told the EA we will get back to them tomorrow - which gives us time to think. Haven't even told the OH - came straight on here.
Last edited by Fly Away; May 21st 2008 at 10:24 pm.
May 21st 2008, 9:03 pm
Make it happen!!!!
Joined: Mar 2007
Location: Little Mountain, Sunshine Coast, Queensland
Posts: 3,008
Re: Whinging Pom House seller
OMG!!! I have another offer on the house.............
I also have a massive dilemma....................
The new offer is from a couple who have sold to their neighbour. They want to complete in July. BUT the offer is £40k under the figure which is on the table from the private sale. The private sale isn't definate. It is dependant on the guy's finances and we won't know until next week. It is however, chain free. What the hell do I do????
I have told the EA we will get back to them tomorrow - which gives us time to think. Haven't even told the EA - came straight on here.
I also have a massive dilemma....................
The new offer is from a couple who have sold to their neighbour. They want to complete in July. BUT the offer is £40k under the figure which is on the table from the private sale. The private sale isn't definate. It is dependant on the guy's finances and we won't know until next week. It is however, chain free. What the hell do I do????
I have told the EA we will get back to them tomorrow - which gives us time to think. Haven't even told the EA - came straight on here.
All of these double offers coming in!!!!! I feel there is hope out there
I'm sure you will be doing your figures over and over and will go with the best offer in the end!!!
Well done hun
Beth x x
May 21st 2008, 9:06 pm
BE Forum Addict
Joined: Feb 2007
Location: Tasmania!
Posts: 2,414
Re: Whinging Pom House seller
Just found this site to value your home here
Put my house details in and it's current market value came back as £186,747
Beth x x
Put my house details in and it's current market value came back as £186,747
Beth x x
or a bad ?Sam
May 21st 2008, 9:06 pm
Forum Regular
Joined: May 2007
Posts: 251
Re: Whinging Pom House seller
Yes, we are going back to the Gold Coast. We lived in Robina last time, this time I think we may move to Mudgereeba or Currumbin. Hubby wants to build this time, so Mudgereeba may be more likely.
We have our viewers coming back for another look on Friday night. Dave said they sounded keen so fingers crossed !!!! I am trying not to get excited as they havent even put theirs on the market but keep thinking - what if they have loads of money - inheritance etc!!! Then think STOP IT!!!!! This is what happens when you have only 2 viewers in 7 months!!!!
All my friends over there are getting giddy too so fingers crossed that they love it as much - just hope the sun shines, when it does its stunning, when its peeing it down and dark grey its quite bleak!!
I hope everyone settles in once they get there. I was desperate to get there in 2005. I think it hit me all of a sudden - thinks I thought I could deal with. Sometimes when you have been there a while it kind of hits you how far away from everyone you love. A friend I met there came back last January - they are off back to Gold Coast in August. They didnt have a house to sell as had rented once they got back so not stuck here!!!! She was the same as me, family especially. She had 2 grown up children here that she thought she was missing out on. Since she has been back she realises they have their own lives and she will prob spend more quality time with them in Oz. Said if either of us gets the same again we have to slap each other!!!!
May 21st 2008, 9:08 pm
BE Forum Addict
Joined: Feb 2007
Location: Tasmania!
Posts: 2,414
Re: Whinging Pom House seller
OMG!!! I have another offer on the house.............
I also have a massive dilemma....................
The new offer is from a couple who have sold to their neighbour. They want to complete in July. BUT the offer is £40k under the figure which is on the table from the private sale. The private sale isn't definate. It is dependant on the guy's finances and we won't know until next week. It is however, chain free. What the hell do I do????
I have told the EA we will get back to them tomorrow - which gives us time to think. Haven't even told the EA - came straight on here.
I also have a massive dilemma....................
The new offer is from a couple who have sold to their neighbour. They want to complete in July. BUT the offer is £40k under the figure which is on the table from the private sale. The private sale isn't definate. It is dependant on the guy's finances and we won't know until next week. It is however, chain free. What the hell do I do????
I have told the EA we will get back to them tomorrow - which gives us time to think. Haven't even told the EA - came straight on here.
Mmmmm, difficult one!
Can you go back to the guy with the private offer and explain the situation to him and see if he can give a definite yeah or ney?
My gut instinct would be to go with the simplest buyer, ie no chain, already sold etc
Sam
May 21st 2008, 9:09 pm
Make it happen!!!!
Joined: Mar 2007
Location: Little Mountain, Sunshine Coast, Queensland
Posts: 3,008
