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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask if any estate agents can please advise me on selling on a destroyed house

97 replies

Toomuchtooyoung01 · 20/04/2021 20:03

I'll keep it brief - started renovating our house (3 bed semi, Surrey) its gone really wrong and OH has downed tools and we and our kids are living in a building site, have been for some time. Cant afford to get professionals in to do it. Even if we were to remortage, there is so much to do and I genuinely don't think OH has it in him to do it any more.
Can any estate agents out there advise how much I could expect to get if we were to try and sell the house as it is, either to a builder or a couple who were willing to take on a project? Am absolutely at my wits end.
Zoopla currently estimates £515k, with £490k being "low" and £525k being top end.
Thankyou.

OP posts:
AntiSocialDistancer · 20/04/2021 20:05

An estate agent would probably be able to go round there this week.

For Surrey I wonder if you would be better off renting for 6 months and paying someone to complete it before you sell rather than slashing the price

Toomuchtooyoung01 · 20/04/2021 20:05

Sorry should add Zoopla estimate obviously isnt taking into consideration its basically been ripped apart

OP posts:
Jangle33 · 20/04/2021 20:05

Just get a couple of estate agents round to value it surely? There’s always examples of half renovated projects for sale as seen. You just get it valued in the normal way but accept it won’t be worth as much as if you’d finished it...how much did you pay for it?

DrSbaitso · 20/04/2021 20:06

Surely nobody can say unless they see it?

AllThatFancyPaintsAsFair · 20/04/2021 20:08

Surely no one can possibly tell you without seeing it

What a strange question, have you organised some valuations?

SchrodingersImmigrant · 20/04/2021 20:09

You would be surprised how much can projects like this go. We were bidding on one. Bloody hell. Gave up. Ot went well over estimates.

Hope you are ok

BitterAndOnlySlightlyTwisted · 20/04/2021 20:31

You need a builder round to price up what the required work would cost. This amount should be deducted from the current market-price of equivalent houses in the same neighbourhood. No discounts for chancers who’ve watched too much daytime telly

Merryoldgoat · 20/04/2021 20:38

Also if no kitchen and bathroom buyer will find getting a mortgage tough.

Why has your OH stopped? Has he bitten off more than he can chew? Is it really irretrievable?

TwoLeftSocksWithHoles · 20/04/2021 20:40

I think an Estate Agent is your first option to see its value now and if it were completed, although I'd like to some photos (if they weren't outing) to understand the scale of things.

Just stripping the wallpaper in a room can seemingly turn it into a depressing dungeon that can be transformed by simply painting the walls.

One approach is to really focus on one room at a time, perhaps the one you live in most frequently, so that you have somewhere nice to be.

I think it could be better to try and work your way through it than walk away. If you try to sell it in a bit of a state you could be at the mercy of unscrupulous people who may be horrible and squeeze everything out of you.

Easy for me to say I know, but I really would encourage you to sit down and just try and plan a way out of it rather than give up.

DancesWithDaffodils · 20/04/2021 20:47

How ripped apart?
Does it have a (basic) functioning kitchen and bathroom?
If it's not in a state to get a mortgage, you wil be limited to selling to people who have enough cash.
But in general, anything will sell if the price is low enough.

Gingernaut · 20/04/2021 20:50

Stripped back and found too much work to be done?

Internal walls knocked out?

Kitchen taken out and camping stove in the sitting room?

What's gone wrong?

UrsulaBee · 20/04/2021 20:52

How bad is it?

Somuddled · 20/04/2021 20:56

How bad? Why can't you do some of it?

ExitChasedByAnImposter · 20/04/2021 20:56

How badly destroyed is it? Is it safe to stay in and work on it? It might be better to focus on one room as a project at a time so you and your DP feel more accomplished and less overwhelmed. You could perhaps work on a budget for walls, floors etc or just do that room by room as well.

KatySun · 20/04/2021 20:58

Have you been over to the Property/DIY boards for advice?
You sound really beaten down by it, which I understand. My house is small but still turned into a much bigger renovation project than I thought. As other posters say, is it salvageable? Can you approach it one room at a time?
Apart from that, I agree that probably pretty much anything sells as you will find developers who want it, or want the land.

warmandtoasty2day · 20/04/2021 20:59

if that's the given estimates it's hardly a pile of bricks, it would be good if op answered some questions being asked though

Babyroobs · 20/04/2021 21:00

Do you have much equity in the property ?

Toomuchtooyoung01 · 20/04/2021 21:01

Yes to stripped back and much more needing done than we realised. Upstairs completely stripped out back to brick, no ceilings etc other than the box room and bathroom which are nicely finished. Downstairs functional kitchen/living space albeit very worn. Windows were replaced but the prat helping OH fit them measured them wrong and there are gaps around the windows filled with unsightly foam. As upstairs is the way it is, we are having to live downstairs.

OP posts:
Saltyslug · 20/04/2021 21:01

Depends on the amount that you’ve done and how much needs doing. How far did DH get? What state is the house now?

Christmasfairy2020 · 20/04/2021 21:17

You only need a plasterer in. Fit new ceilings and plaster. Do one room a month when you get paid. They don't charge much. 300 400 ? You have a bathroom and kitchen. Bit at a time xx

tara66 · 20/04/2021 21:17

Have you considered putting up for suction with a reserve selling price? That might give you an idea.

tara66 · 20/04/2021 21:18

auction

YumYumApplePie · 20/04/2021 21:21

Is it mortgageable?

Eviethyme · 20/04/2021 21:37

I'm afraid to say with what it's sounded like, I think Auction is your best bet and I don't think you will get anything over 400k as work needing to be done lowers the worth by at least 80- 100k

RainingBatsAndFrogs · 20/04/2021 21:38

DIY SOS www.bbc.co.uk/send/u19819112

It all sounds really difficult and upsetting OP.

Is there any way you could raise or borrow money to get a head start that would then leave your DH less overwhelmed by what then remains to be done?

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