It looks like you're new here. If you want to get involved, click one of these buttons!
Subscribe to our Patreon, and get image uploads with no ads on the site!
Base theme by DesignModo & ported to Powered by Vanilla by Chris Ireland, modified by the "theFB" team.
Comments
Selling a house is a proper pain in the arse. People seem to go mental when it comes to buying and selling property. Most people have no idea about negotiation and are not used to dealing with vast sums of money. Couple that with the disruption and worry (cos its your home after all) and it is no wonder it's tricky.
We sold our house last year, and whilst it didn't take long at all, we were sick of viewings after a very short amount of time. Daytrippers and time wasters. The house was on a main road - yet viewers would say, oh the road is a bit noisy. Basically, citing reasons not to buy that were perfectly obvious from the selling info. Mental.
We hated the whole process. Constantly keeping things clean and tidy, regular home invasion, continually answering stupid questions and listening to people taking crap when you know deep down they have no intention of making an offer. Bog off out of my house please.
Regarding doing repairs and tarting up to sell a place. IMO that decision depends on how competitive your local market is, and how appealing the location of your house is. IF there is competition, then I think it's worth doing some cheap bland fettling so that people don't get put off by something that might look needs repairing.
Price - stick to your guns based on the local estate agent's opinion. they will price it to sell, after all its in their interest.
Common sense dictates that you should always keep a property you are selling clean and clutter free. Tidy up mouldy grouting, avoid vulgar decorative choices and avoid bad smells. Show the property at the most advantageous time of day. Make the price attractive?
@GuyR agree. We did a bit of decorating, especially in one room which was a bad colour. That took me a few days, but I judged it was a potential deal breaker really as it was a tip.
Touched up the rest, filled any cracks, repaired anything obvious. Don't see why you wouldn't unless you have a stunning house in an enviable location.
Anyway, he’s apparently made an appointment for a second viewing next week and will bring a surveyor along. He has all the hallmarks of the worst kind of timewaster, so I’m not getting too optimistic!
If you don’t sell soon it’s probably worth considering doing the refurb. The fact you can’t be arsed to do it probably means half the prospective buyers can’t as well so you’re narrowing down the market.
We we had a two storey extension built and partial garage conversion last winter including a new kitchen and bathroom and that only took 3 months! We didn’t move out for one day and we managed as a famiy of 4 inc a two year old and six year old.
We did bother, and so many faults turned up..
So we wanted to get quotes on the work required (new roof, among others). Agents recommended some building contractors who would quote. Turned out hard to get people to quote on a property you don't own yet.. so went with recommended people. At that point we had no reason not to trust agents, major chain so in theory wouldn't associate with bad contractors, right? Wrong. They quoted really, really low for the work. We didn't know any better at that point so we went ahead..
Agents called up before we had been given official quote saying that the owner had called and wanted to know what was going on.. whether she should put back on the market, agent also gave a long explanation of why the seller was not going to budge on price. It's a take it or leave it situation.
Wasn't having that, so put in a lower offer which after a bit of haggling was accepted.
After getting the house, got more quotes in.. turned out the work would actually cost a hell of a lot more..
We still got a good deal in the end, and even with work doing it won't quite hit the ceiling price form the area but still, bastard agents...
It's never us, our self centred unreasonable expectations, our lack of preparation, our dinner-party gleaned "expertise" or our utter absence of empathy that is the problem.
I wonder how many of us have changed their mind about a property purchase, without ever considering recompense to the other parties whose time & money has been wasted.
Truth.
Then came the building survey which was OK - Except for a sub clause that stated that in the the surveyor's opinion, that the house was at the top of the price point for properties of this ilk in the area BUT should the market fall then it would be more expensive...???
On this skewed criteria they pulled out??
Surely it is not the position of a surveyor to make these crass statements in a buildings survey?
If it's through the bank then the only comment it should make is whether the mortgageable value is appropriate
Is it cold up there on your high horse?
When my buyer pulled out, I told estate agents B who I was buying off, immediately. I asked what the position of the vendor was, whether they were in a chain, if they were going to put their house back on the market etc. Nobody could give me a straight answer, but several phone calls later they said the vendor would be happier if estate agents B marketed it as well, the implication being they were happy to wait for a while in the hope of my house getting a quick sale. Fine, so now I have two estate agents A and B doing viewings, loads of people tramping through over the last four weeks.
I accepted a hideously low but just about affordable offer on Thursday, through estate agent B. Cash buyer so things could proceed quickly. I tell estate agents A and they cancel the viewings they had planned. Estate agent B then calls their branch where I was buying to let them know that things could get going again. They just called me now - the vendor had put the house back on the market, had accepted an offer and their sale was proceeding... BUT THEY DIDN’T BOTHER TELLING ME.
I hate estate agents.
I'm not locked in here with you, you are locked in here with me.
Ours have been pretty transparent in comparison.
There's a problem with our buyer, in that he was given mis-information about the stamp duty he'd need to pay, as he currently has a buytolet, so would need to pay the stamp duty on that apparently (we're in a similar situation but something to do with the timing of us living in our current dwelling (which isn't our rental property) and selling means we don't get penalised for it)....so he's now going to put his buy to let on the market so he can rid himself of that - but already has two interested parties. Estate agent has kept us in the loop in all of this. We must be very lucky to deal with ones who aren't completely incompetent.
So now the chain is a bit more complex, but still hopeful we can get stuff sorted relatively quickly as our mortgage payments on our current property shoot up by £250 from next month. What fun.
My YouTube Channel