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Original poster

Anyone else selling?

701 replies

Hibernatalie · 03/04/2023 19:09

We are about to be listed - photographer coming this week. Obsessively checking Rightmove but think we’ve already found the one (could easily go before we can put an offer in but that’s the one we are hoping for).

Anyone else? What position are you in?

OP posts:
MarieTom · 28/04/2023 12:53

@Twiglets1 that's what we thought as well. It is a three double bedroom terrace house.

@Karmatime we were initially told we could get £540k and now the EA is saying maybe we would be lucky to get £525k.

magneticmoon · 28/04/2023 15:51

mnahmnah · 27/04/2023 11:12

I have to say that I’m finding the estate agents a funny bunch. Three houses we have looked at with three different agents. They really haven’t tried to sell them to us. Just told us to have a look around. Zero enthusiasm. Seem like they don’t want to be there. And these are houses that NEED selling and won’t sell themselves. Don’t seem interested in getting them sold. Before we went into the one last night, the agent kept pulling a grim face and saying it needs work. Ok, fine, how about putting a positive spin on the potential?! Kept saying it inside too, even when we were saying we liked it! I rang up to ask if we could go back to look with our friend who is a property developer today and she said the time we asked for would leave a bit of a gap in their diary and wasn’t keen. I actually asked her if she wanted to get the house sold or not?! Crazy

IMO estate agents have had a number of really easy years where houses have gone so fast and been subject to bidding wars. They haven't needed any sales skills or effort. Just let people wander round and pick up the commission. Times are changing.

mnahmnah · 28/04/2023 17:40

@magneticmoon

The one we want has been on the market over two months, no offers yet plenty of viewings. Needs a bit of work. They need to put some effort in but it’s like they were actually trying to put us off!

BeastOfBODMAS · 28/04/2023 18:11

Had one of the senior EA bods round this afternoon to re-take our photos and they are night and day different. I really hope it makes a difference

I agree that they haven’t had to work hard for sales for a few years so standards may have slipped.

Moosiemoo14 · 29/04/2023 08:25

Twiglets1 · 28/04/2023 12:16

An offer from someone who hasn’t sold their own property is not a serious offer, in my opinion.
They may well end up having to accept a lower offer on their own property than they are hoping for. At which point they may have to revise their offer on your house.

Show quote history

Actually we did this because a house came up on a dream road for us - naturally sellers waited to see if they could get better and get a higher or more proceedable offer, in 4 weeks they didn’t (downstairs bathroom offputting to those chucking all money into the mortgage pit, doesn’t concern us as we’re planning to improve not move again) - and yesterday we completed the chain so it’s all go 😊

it’s a tough process and you don’t know how you’ll feel until the chips are down - so if you’re not comfortable selling at X or Y then it’s simply not the right moment (not just testing as others have said)

if it helps anyone re:trends, north London in a relatively cheap area - we’ve accepted 11% under what we paid to start a new chapter of our lives, seller has accepted 10% below where they wanted to be then translated that 10% onwards to their sale. So it has balanced in the end and we’ve got a chance to live on a road I thought was out of reach (hopefully!)

Twiglets1 · 29/04/2023 08:33

Moosiemoo14 · 29/04/2023 08:25

Actually we did this because a house came up on a dream road for us - naturally sellers waited to see if they could get better and get a higher or more proceedable offer, in 4 weeks they didn’t (downstairs bathroom offputting to those chucking all money into the mortgage pit, doesn’t concern us as we’re planning to improve not move again) - and yesterday we completed the chain so it’s all go 😊

it’s a tough process and you don’t know how you’ll feel until the chips are down - so if you’re not comfortable selling at X or Y then it’s simply not the right moment (not just testing as others have said)

if it helps anyone re:trends, north London in a relatively cheap area - we’ve accepted 11% under what we paid to start a new chapter of our lives, seller has accepted 10% below where they wanted to be then translated that 10% onwards to their sale. So it has balanced in the end and we’ve got a chance to live on a road I thought was out of reach (hopefully!)

Show quote history

Hope your sale goes through.
I grew up in North London and my daughter lives in Kentish Town. I love the North London vibe.

Twiglets1 · 29/04/2023 08:33

Twiglets1 · 29/04/2023 08:33

Hope your sale goes through.
I grew up in North London and my daughter lives in Kentish Town. I love the North London vibe.

Show quote history

Sale/purchase I meant to say

lemonyellows · 29/04/2023 11:02

We accepted an offer yesterday!!! We reduced our price and they offered on our revised "offers over" price. First time buyers who are willing to wait for us to find. Took less than estate agent valued but still 10% more than a neighbour 18 months ago.

Now to find our house!!! Eek!

Twiglets1 · 29/04/2023 11:07

lemonyellows · 29/04/2023 11:02

We accepted an offer yesterday!!! We reduced our price and they offered on our revised "offers over" price. First time buyers who are willing to wait for us to find. Took less than estate agent valued but still 10% more than a neighbour 18 months ago.

Now to find our house!!! Eek!

That's great! Hope you find somewhere you like soon

Kay286 · 29/04/2023 20:13

Ours has been on 2 weeks , 2 viewings, 1 of them was today and offered 25k under asking price due to the condition it’s in. It has tenants in and they are not tidy but structurally house it’s sound , yes it’ll need painting and nee carpets but not 25k work - plus we had listed it under the same houses in our area which are pristine already by under 15-20k. We declined the offer

Twiglets1 · 29/04/2023 20:55

Kay286 · 29/04/2023 20:13

Ours has been on 2 weeks , 2 viewings, 1 of them was today and offered 25k under asking price due to the condition it’s in. It has tenants in and they are not tidy but structurally house it’s sound , yes it’ll need painting and nee carpets but not 25k work - plus we had listed it under the same houses in our area which are pristine already by under 15-20k. We declined the offer

You would probably get more viewings/offers without tenants in as that will put some buyers off, worrying about will they move out on time.

littlebopeep1991 · 29/04/2023 20:56

Kay286 · 29/04/2023 20:13

Ours has been on 2 weeks , 2 viewings, 1 of them was today and offered 25k under asking price due to the condition it’s in. It has tenants in and they are not tidy but structurally house it’s sound , yes it’ll need painting and nee carpets but not 25k work - plus we had listed it under the same houses in our area which are pristine already by under 15-20k. We declined the offer

Just because others in the area are asking a certain price, are you sure that's actually an achievable price?

capybara80 · 29/04/2023 21:27

Twiglets1 · 28/04/2023 12:20

3 double bedrooms do you mean? That’s extremely cheap for London?

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We're about to go on in SE12 with our 3 bed (also all doubles). Crazy estimates so far ranging from 425 K to 525K. Seems bonkers.

Kay286 · 29/04/2023 22:29

Twiglets1 · 29/04/2023 20:55

You would probably get more viewings/offers without tenants in as that will put some buyers off, worrying about will they move out on time.

Show quote history

@Twiglets1 yes I’m aware , the tenants have been served notice. In hindsight we should have waited but they asked for longer time to leave and our agents just said get it on the market ! Not ideal

Kay286 · 29/04/2023 22:31

littlebopeep1991 · 29/04/2023 20:56

Just because others in the area are asking a certain price, are you sure that's actually an achievable price?

Show quote history

@littlebopeep1991 i suppose technically I don’t , but ours is the lowest priced 4 bed in the area and houses are selling albeit slowly …. I don’t think it’s worth 40/50k less than any other house in our area

ChiquitayouandIKnow · 01/05/2023 13:43

A house we offered on back in Feb, which was rejected flat out, no counter offer, has now come back on for what we offered. About 5% less than what it was originally on for. The market is definitely adjusting!

lemonyellows · 02/05/2023 10:17

Ok. We have an offer on our house.

We need to supply solicitors details to the estate agent. Do you just go on recommendation? Anything I should be asking them before we agree other than cost?

Thanks

mnahmnah · 02/05/2023 11:28

@lemonyellows

We have a friend who is an accountant at a law firm, an hour away from us, so we are using his friends and family discount! It doesn’t matter anymore where they are as it’s all done online.

I would ask for recommendations from anyone you know who has moved house recently. Some solicitors are quite rubbish, very slow to get things done.

Kay286 · 02/05/2023 13:24

Accepted offer today (well they accepted our counter offer !) 2.7% under asking and our property is tenanted so not an easy sell - happy with that :)

Twiglets1 · 02/05/2023 13:38

Kay286 · 02/05/2023 13:24

Accepted offer today (well they accepted our counter offer !) 2.7% under asking and our property is tenanted so not an easy sell - happy with that :)

That’s very good after only 2 weeks on the market- 👍

lemonyellows · 02/05/2023 13:41

@mnahmnah thanks. We do know someone who just exchanged and everything went fairly smoothly so we will get those details

@Kay286 congratulations!!!

Kay286 · 02/05/2023 14:23

@Twiglets1 yes I’m actually surprised! I thought it would linger on for months … now I’m wondering maybe we could have got more ! Don’t want to be greedy haha - it was priced for the condition and we live abroad so not easy for us to go back and make it more sellable. It’s a tricky market to sell and we actually hadn’t had many viewings but it’s first time buyers who have offered and can probably see it’s a good price for the property and potential vs others which are on for much higher but more presentable…

Twiglets1 · 02/05/2023 15:58

Kay286 · 02/05/2023 14:23

@Twiglets1 yes I’m actually surprised! I thought it would linger on for months … now I’m wondering maybe we could have got more ! Don’t want to be greedy haha - it was priced for the condition and we live abroad so not easy for us to go back and make it more sellable. It’s a tricky market to sell and we actually hadn’t had many viewings but it’s first time buyers who have offered and can probably see it’s a good price for the property and potential vs others which are on for much higher but more presentable…

It was probably just right for the first time buyers who have made the offer.
Congratulations anyway!

Mercurial123 · 02/05/2023 16:38

Kay286 · 02/05/2023 14:23

@Twiglets1 yes I’m actually surprised! I thought it would linger on for months … now I’m wondering maybe we could have got more ! Don’t want to be greedy haha - it was priced for the condition and we live abroad so not easy for us to go back and make it more sellable. It’s a tricky market to sell and we actually hadn’t had many viewings but it’s first time buyers who have offered and can probably see it’s a good price for the property and potential vs others which are on for much higher but more presentable…

I'm in exactly the same situation, just sold to FTB. I'm overseas and priced to sell. House needs upgrading but it's in a conservation area with no houses overlooking front or back. Local schools are rated Outstanding.

Good luck with the sale.

Kay286 · 02/05/2023 17:26

@Mercurial123 Good luck with yours too - do you have tenants in ? Did you accept much under your asking price ? Fingers crossed it all goes smoothly