Buying Selling - Stress...

[Too Late]

Herbs said:

Ouch - that was less than 3% below asking price and with the market slowing up especially at the upper end, i'm surprised you didn't take that to be honest.

Hindsight.
We had just dropped from 935 to 915. I thought he was been very cheeky and we were warned from the EA about him and his business approach with property

[Harry Flashman]

I think I might be the only person in the UK who paid over asking this year...

But TOTALLY worth it!

[RRLover]

anonymous said:

[redacted]

I find it amazing that is this day, this practice is acceptable.
Boils my blood

[Johnnytheboy]

Sorry, but:

http://www.thedailymash.co.uk/news/society/buying-...

[TA14]

Too Late said:

Update.
The buyers of the bungalow have had their chain collapse this afternoon so the bungalow is back on and we are thinking of dropping our price to try attract some interest

Funny time at the moment with the market.

Fingers crossed we get some more interested.

Too Late said:

But when do you drop the price. I dont want to drop to early..

Too Late said:

Had an offer from them Monday £890,000 (25k below asking). We rejected but

So you were upset at missing out on the house that you wanted due to not selling your house, you're considering a price drop but you turned down an off 2.7% below asking. Something doesn't fit there.

[paulrockliffe]

Wacky Racer said:

After buying and selling five houses in my lifetime, I would now instruct the estate agent to only send people round to view who are in an immediate position to buy OR can prove they definitely have a sale going through.

It cuts a fair percentage of viewers (timewasters) down, but is worth it in the long run.

The final straw was many years ago when we were selling a beautiful large Victorian brewery master's mansion and on the doorstep the woman said "We have come to look around your home, and if we like it we might decide to put ours up for sale".

I slammed the door in her face and bade her good day...she never put a foot inside the house. ffs!

I see where you're coming from to an extent, but surely this is just the cost of selling a house.

Love my house, no intention of moving, but keep an eye on the market and if the right house comes up at the right price in the right place we would move. Problem is there's only a handful of houses that would fit the bill so if one of them comes up, when should I put mine on the market?

I'm certainly not going to have mine sold before I turn up to view and discover that the estate agent has forgotten to mention X y or z.

It's just the way the market works, especially the further up the chain you go.

[Too Late]

TA14 said:

So you were upset at missing out on the house that you wanted due to not selling your house, you're considering a price drop but you turned down an off 2.7% below asking. Something doesn't fit there.

It was listed at 935, we dropped to 915. He offered 890. We went back at asking for 900.
Struggling to see what doesnt fit

He showed us his 150 acre estate hes building with 1500 homes, his helicopter. If he wanted the house, i would have expected some negotiation.

As Tonker said, the EA warned us and he even offered to deal directly, not through the EA saying "The EA is a thief and if you were to pass me your mobile we could deal directly"

[Harry Flashman]

paulrockliffe said:

Wacky Racer said:

After buying and selling five houses in my lifetime, I would now instruct the estate agent to only send people round to view who are in an immediate position to buy OR can prove they definitely have a sale going through.

It cuts a fair percentage of viewers (timewasters) down, but is worth it in the long run.

The final straw was many years ago when we were selling a beautiful large Victorian brewery master's mansion and on the doorstep the woman said "We have come to look around your home, and if we like it we might decide to put ours up for sale".

I slammed the door in her face and bade her good day...she never put a foot inside the house. ffs!

I see where you're coming from to an extent, but surely this is just the cost of selling a house.

Love my house, no intention of moving, but keep an eye on the market and if the right house comes up at the right price in the right place we would move. Problem is there's only a handful of houses that would fit the bill so if one of them comes up, when should I put mine on the market?

I'm certainly not going to have mine sold before I turn up to view and discover that the estate agent has forgotten to mention X y or z.

It's just the way the market works, especially the further up the chain you go.

Agree. Exactly what we did - and we ended up selling our house and buying the one we had toured (total wreck, by the way). I viewed plenty of houses in the off chance I loved them. Did not make me a timewaster.

[PositronicRay]

paulrockliffe said:

Wacky Racer said:

After buying and selling five houses in my lifetime, I would now instruct the estate agent to only send people round to view who are in an immediate position to buy OR can prove they definitely have a sale going through.

It cuts a fair percentage of viewers (timewasters) down, but is worth it in the long run.

The final straw was many years ago when we were selling a beautiful large Victorian brewery master's mansion and on the doorstep the woman said "We have come to look around your home, and if we like it we might decide to put ours up for sale".

I slammed the door in her face and bade her good day...she never put a foot inside the house. ffs!

I see where you're coming from to an extent, but surely this is just the cost of selling a house.

Love my house, no intention of moving, but keep an eye on the market and if the right house comes up at the right price in the right place we would move. Problem is there's only a handful of houses that would fit the bill so if one of them comes up, when should I put mine on the market?

I'm certainly not going to have mine sold before I turn up to view and discover that the estate agent has forgotten to mention X y or z.

It's just the way the market works, especially the further up the chain you go.

It's frustrating I know, but not everyone's a time waster. Earlier this yr we saw a place online, Mrs PR very keen, went to view, liked it so put our house on the market and sold it the following day. Made an asking price offer on the place we went to view. All this within 4 days!

[g3org3y]

Harry Flashman said:

I think I might be the only person in the UK who paid over asking this year...

But TOTALLY worth it!

I'm with you Harry.

In our part of Essex, the good quality houses in the best areas sell above asking within days. Quality stock is very infrequent so when it comes on people move fast.


Best of luck with the sale OP. FWIW, I think you've done a nice job on the house refurb.

[PositronicRay]

g3org3y said:

Harry Flashman said:

I think I might be the only person in the UK who paid over asking this year...

But TOTALLY worth it!

I'm with you Harry.

In our part of Essex, the good quality houses in the best areas sell above asking within days. Quality stock is very infrequent so when it comes on people move fast.


Best of luck with the sale OP. FWIW, I think you've done a nice job on the house refurb.

Us too, pretty much exactly what we wanted, plenty of interest so went to sealed bids. Who cares if it's a little over? 10 yrs will sort that out.

[EJH]

paulrockliffe said:

I see where you're coming from to an extent, but surely this is just the cost of selling a house.

Love my house, no intention of moving, but keep an eye on the market and if the right house comes up at the right price in the right place we would move. Problem is there's only a handful of houses that would fit the bill so if one of them comes up, when should I put mine on the market?

I'm certainly not going to have mine sold before I turn up to view and discover that the estate agent has forgotten to mention X y or z.

It's just the way the market works, especially the further up the chain you go.

I agree. We moved last year; saw the house on the Saturday and offered an hour later. The same agent was instructed to sell on the Tuesday and the house was under offer in 10 days.

Given what we were looking for (house with garage in Greenwich or Blackheath), having the old house under offer simply wouldn't have been an option; so narrow were our search area and criteria, we were looking for 2 years.

Harry Flashman said:

I think I might be the only person in the UK who paid over asking this year...

But TOTALLY worth it!

Ah. Yes. Well... We paid over asking last year (all went to best and final). Worth it as not planning on moving unless we leave London (which isn't likely for 15 years) and the house is perfect for us. Whilst the numbers have to work, many people forget a home is one's home and not, solely, an investment.

Edited by EJH on Saturday 7th October 09:22