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Selling A house In The UK ????

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Selling A house In The UK ????

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Old Oct 7th 2009 | 7:09 am
  #16  
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Default Re: Selling A house In The UK ????

Originally Posted by Posidrive
I have a question for those selling a house in the UK at the moment because we are now in the situation of needing to buy there and need to understand what is going on.

The market appears to be turning but it may very well be newspaper hype. It is never easy to compare like with like when looking at houses, but the properties appearing on the rightmove web site appear to be getting more noticeably expensive. So, is it a case that prices are really rising or are people still asking more than a realistic value while expecting to accept a lower offer.
Definitely the market is moving in the UK now, and especially in London where we live. However, the picture is a little uncertain as for 2010 because a few commentators are talking about a fall again when the bite of increased unemployment and public sector cuts really hit. I'm not sure if this is true, but it's worth looking around at some of the media online, FT.com, BBC and Guardian websites.

Actually we're in a quandry and so we're really examining tyhios one closely too - we plan to move to Toronto next June and do not know whether to rent or sell before we move. I don't suppose you or anyone else has any idea how complicated it is to sell a house in the UK once landed in Canada?

Good luck with your move. Let me know if you have any other questions.

Mike
 
Old Oct 9th 2009 | 6:00 am
  #17  
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Default Re: Selling A house In The UK ????

Originally Posted by Posidrive
Ouch, looks like the estate agent was pricing aggressively low.
Yes, and remember that to the estate agent, they would probably favour getting a quick sale at a lower price than have it go on for months and perhaps never sell, or lose the client. Under valuing property is a sure way of getting the quick sale. To them it might mean losing a potential grand or two in commission but getting their commission quickly. To the seller it's a massive financial hit that they might take decades to recover from.
 

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