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Original poster

Can someone please tell me my house will sell quickly?

13 replies

Harimad · 15/05/2011 10:55

Lie if you have to! Just need some pepping up..

Basically, I was made redundant end of 2009. Left on mat leave and moved down to the coast, deciding to rent before buying to decide exactly where we wanted to live, and rented out our London house

First place we rented, our landlady said after 6 months that she wanted to sell up. Found somewhere else to live then lived on tenterhooks for 6 months that DS was out of catchment for the school we wanted.

Recently found out we got the school we wanted (huzzah!), but we've now been told that THIS landlord wants to sell up!!! Angry

On the plus side, our tenants in London have agreed that we can put the place on the market now (their tenancy is up in Sept), but we're in a race now to sell our London place and buy & move in down here before our tenancy ends in this place and we have to move again into another makeshift home Sad.

So... can someone please tell me that the market in SE London is kicking the trends and booming and we'll have an offer of full asking on the first viewing? Grin

OP posts:
CristinaTheAstonishing · 15/05/2011 11:00

Be realistic with your pricing. It won't be 2009 prices.

Original poster
Harimad · 15/05/2011 11:04

We're not really aware of market prices up there now... have to be led by the EA - which is always a dodgy thing to do.

Difficult to find comparisons as not many houses go up for sale in our area - although one is up 2 doors down for £435k. It looks like it's been on the market for a few months, but I happen to know that they have a agreed a sale with someone who's renting in the area, but that person has to sell a flat first - which is possibly why it's still showing... (although doesn't bode well for other interest!). We were going to go on for 425k...

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CristinaTheAstonishing · 15/05/2011 11:09

Have a look at what's sold on your street or in your area recently. Be prepared to drop the price sooner rather than later. I think houses are still selling (we are in the process now) but i think you need to be more cautious than in the past about pissing off potential buyers etc, as there may not be another one just round the corner.

Original poster
Harimad · 15/05/2011 11:17

Un(luckily), places don't come up very often here (private estate).

Last one sold in Nov 2009 for 435k, and before that was Feb 2008 for 421k.

Thanks for the practical advice tho - all I want to do is stick my fingers in my ears and sing 'it will all be fine' over and over! Wink

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RickGhastley · 15/05/2011 12:09

I'm in London too and have been looking at the market as planning to sell up soon. Things do seem to be selling here if they are realistically priced but unfortunately the likes of Foxtons are still putting stuff on the market at ridiculous prices!

Do you have RSK near you? They have sold 4 properties in our street recently all within a week. Might be worth a look. They told us that they only show people around who have a mortage agreed so you don't have to deal with timewasters.

lalalonglegs · 15/05/2011 12:41

I'd agree that London is a pretty strong market in many areas so getting the price right is everything. I'd also try to take a very dispassionate look at the house - if it has had tenants in there for a couple of years it could be looking a bit tired so you may have to reflect this in the price. Is the garden looking nice? That could really charm people at this time of year.

fapl · 15/05/2011 20:37

Houses are still selling in our part of SE London. As others have said, price it right.

Flickstar · 16/05/2011 02:12

I'm looking to buy a house in SE London- so that's one person who is buying at least! Just out of interest... where is your house?!

NoelEdmondshair · 16/05/2011 08:13

Do you need to sell in order to buy? Could you change your London house to a buy-to-let mortgage and release equity for new house that way?

MaryBS · 16/05/2011 08:23

If houses don't come up very often on your estate, maybe there's a demand to live there, and it'll get snapped up???

Buda · 16/05/2011 08:27

We put a house in Surrey on the market and had 3 offers within the first weekend. As others have said if price is right it will sell.

narmada · 16/05/2011 09:30

Harimad, your house isn't on the Cator estate by any chance is it? We are looking to buy in that area. If so, do PM me.

FWIW, my experience of the current market is that realistically priced family houses in good school catchment areas are still selling like hot cakes.

Original poster
Harimad · 20/05/2011 22:01

Thanks for your comments Smile

RickGhastley - Foxtons have just moved in to the area - I've only heard bad things about them! I'm fairly confident that our price is realistic.

lalalonglegs - we only moved out in March 2010, so it's not been rented for that long. Got the particulars from the EA yesterday and it looks really nice! Am very happy with how our tenants have presented it. Very good of them!

Flickstar - it's in Blackheath, let me know if that's of interest...

NoelEdmundshair - we considered that last year actually, when we had to move from our first rented property, but I just don't think we could afford it. And I don't really like being a landlord I've decided!!

MaryBS - that's exactly what I'm hoping! Property goes on the market imminently, so I guess we'll see...

Buda - fantastic outcome for you - well done! Let's hope we have a similar experience.

Narmada - have pm'd you!

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