Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Original poster

Advice on house sale please

35 replies

foxy1 · 31/03/2008 13:57

Hello

WE have had our house on the market since last summer great house in great location. We have dropped price from £275 to £250k and have had a offer of £240k.Ideally we want £250k or close to that, any advice on what we can do to get close to that. If the buyers won't increase then what would you do agree of hold out and see what happens with market. we have another house to move into. They have no chain either. thanks

OP posts:
Original poster
foxy1 · 01/04/2008 09:59

just rang agent and the couple have decided to go for a difference house in a not such a nice area. feel bit sad now . apparently to do with having to move a few radiators and then the 3rd bed being small. any tips on how to make a bedroom feel bigger?

thank you

OP posts:
noddyholder · 01/04/2008 10:06

It is not the size of the bedroom it is the price.At 240k the bedroom was not an issue.I know it is hard but the market is heading downwards and sellers need to be realistic.

Zazette · 01/04/2008 10:17

sounds to me like they have decided to go for something significantly cheaper, given the current climate, but feel they have to give you feedback specific to your house.

BrummieOnTheRun · 01/04/2008 10:24

foxy, if you can fit a double bed in the 3rd bedroom, put one in there. even at the expense of other furniture! we wasted ages marketing a 3 bed rental property where the 3rd bed was shown a kid's room. Redressed it with a double bed (no wardrobe) and had it let on the next viewing.

sorry about your offer falling through.

Youcannotbeserious · 01/04/2008 10:28

Foxy - try and find out from the agent which house they have gone for and how much it is on for..

I also don't think the bedroom size was the issue - you don't get to the point of making an offer if you haven't thought that much through!!

There is (yet another) horror story in the Independant this morning about a looming recession in the states and I think alot of people are getting really nervous....

I mean, it's been said for years that house prices can't KEEP rising way above the rate of inflation / wages increases and what with cost of living expenses rising too..........

The people with NO deposit can't get mortgages and those with a deposit are really worried that if house prices fall and / or they can't repay a mortgage, they might lose the money they do have....

I'm not saying we're all on the bones of our backsides, but it's a worrying market and people are having to play it safe......

Do you need to move? Might be worth considering staying where you are for the mo? That's what we are planning on doing, even though the house isn't totally ideal.

Original poster
foxy1 · 01/04/2008 11:10

had a look on right move and it is on the same price as ours i think. it does look very nice inside but the location is not as nice as ours. We are in a village central in the town and overlooking church fields etc. feel very disheartened. we bought our other house abour 5 years ago and it is empty and needs work doing to it. we were going to move into that and then sell that as well then buy somewhere bigger. not sure now whether to stay where we are and do other place and rent it out instead.

OP posts:
Youcannotbeserious · 01/04/2008 12:04

Foxy - sounds like you have some options there.

Why not leave your place on the market (Maybe change the asking price to 'Offers Over £250') and do the other place up and, if you haven't had a buyer on the house you are in now, rent out the other place?

Seems like the way to go...... with less people buying (and with these buy to let places becoming harder to finance) places to rent might be more in demand (I don't know that, just my opinion!)

Original poster
foxy1 · 01/04/2008 13:24

Hello youcannotbeserious - thank you for your advice. Think we will do that. Not sure which is the best way to pay for the to be done. We need new boiler, plastering, new doors inside and new front door, tikes in kitchen, sanding of floor boards etc. Do we get loan, remorgage, credit card? which is the cheapest option. Do we get my brother who is cheaper, very good but takes bit longer or pay professional to come in - faster more expensive.

OP posts:
Youcannotbeserious · 01/04/2008 13:35

I'm no financial expert, so this is not 'advice' just my opinions!

An unsecured loan must be the least risk option? So, I suppose that would be my first option..... Not sure what rates are being charged though...

A remortgage is possible and would spread the cost over a much longer timescale which might be useful (but might mean you spend more than you otherwise would?)

CC (IMO) should be avoided at all costs unless you are paying it off each month...... their charges are stupid and you can end up owing SOOOOO much in interest...

Only you know what the main pressure is (cost over time) but my main thing would be quality. If your DB is available, trustworthy etc., then I think I'd be tempted to go with him. You could always help out at weekends / evenings to speed things up?

Original poster
foxy1 · 02/04/2008 20:22

thank you!

OP posts:
New posts on this thread. Refresh page