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Original poster

feel sick flat in same block we just sold ours in went for much more

39 replies

ruty · 26/02/2009 18:07

Our was much nicer, wooden floors, ground floor instead of third floor [no lift] very smart. We dropped the price significantly and then again when our first buyer pulled out - on advice of agent we dropped the price another 20k. We feel we should never have done that, but we got a buyer at that price straight away. Top floor flat went on around same time as we dropped price, at 25k more, and they have now sold, apparently very close to the asking price. We have bought a house, it had also dropped in price, but it has still been very tight for us to do this, and i feel the agent advised too large a drop in price too quickly. Is there anything i can do? I feel sick at the thought of having lost 15 to 20k because the agent was desperate for a sale. Anywhere we can complain?

OP posts:
BoysAreLikeDogs · 26/02/2009 18:08

No

Don't be greedy

Original poster
ruty · 26/02/2009 18:10
Hmm
OP posts:
Threadworm · 26/02/2009 18:14

I can imagine how sickened you feel ruty. I would be the same. I feel obsessively indecisive precisely in anticipation of discovering that I have made wrong decision.

But I think you should try to put it out of your mind.

Perhaps you could have got more. But perhaps not. Perhaps you would have missed the boat and had the property unsold for ages. We can't act effectively unless we vow not to brood over decisions.

ellingwoman · 26/02/2009 18:16

A lot of people prefer top flats as no one is above them. Are you sure it's not penthouse?

frogs · 26/02/2009 18:18

I'd pay more for a top flat, tbh. The factor of not having anyone above you, plus the security issue.

stickybeaker · 26/02/2009 18:18

Don't forget that your property is only worth what someone is willing to pay for it.

I remember a friend wouldn't even consider a ground floor flat for security reasons...

Try to think a big bigger than money that you might have had (but didn't as no-one actually offered you that). You have made a decision based on the information available at that time for you and your family. You can't always be 'on top' as my Mum would say.

stickybeaker · 26/02/2009 18:19

x post with Frogs

MrsMattie · 26/02/2009 18:19

Not much you can do. Agree that ground floor flats in blocks usually not the most desirable ones.

WouldYouCouldYouWithAGoat · 26/02/2009 18:20

it is done, you just have to move on. similar thing happened when we moved last time. my neighbour kept going on about how sick we must feel. tbh i got over ti pretty quick.

Original poster
ruty · 26/02/2009 18:21

Thanks Threadie. We've just borrowed more money to get this house and it makes me feel a bit sick to think we could have borrowed less, or had some money to do it up a bit. I should probably be prepared for comments along the lines of 'well that's your own stupid fault then' but it was a small flat for 2 children and we had to get into the sodding catchment area. just feel the agent didn't give a shit if he sold it for 20k less, didn't affect his commission much but there you go.

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Lulumama · 26/02/2009 18:21

you can;t complain

houses/flats at the moment are worth what someone will pay and can get mortgaged for.

we are about to go on the market and know that we could have got a lot more 12 - 18 month ago, but the house we would want would be that bit more expensive too !!

you did not get a buyer at the highter price, you sold it for less, immediately. that tells you the price was right or certainly better.

i think top floor always goes for a premium

you agreed to the sale, you would have known how much room for manouevre there was

also, if the house you have is one you love and really wanted, then be happy you got it! if it is somewhere you plan to stay a loooong while, then don;t think of what you have lost, think of what you have gained

it is not a nice feeling though

MrsMattie · 26/02/2009 18:23

It's not 'your own stupid fault'@ruty. It's just the way of the property market. You always take a bit of a gamble and you weigh things up and make decisions based on the info you have at the time. None of us have a crystal ball. Don't waste another second thinking about it.

stickybeaker · 26/02/2009 18:23

But it was still your descisions in the end. No-one held a gun to your head. It's quite exhausting to hold blame in life - it often just makes you ill/stressed so maybe put it down to experience and just look forward to your new home

Original poster
ruty · 26/02/2009 18:23

not a penyhouse no. I understand top floor flat thing but no lift in block so three flights of stairs. And our flat bigger, bigger windows and higher ceilings. I know the woman who bought it would have paid more as she told us she tried to offer on it but was turned away as it had just gone under offer to previous buyers who pulled out on day of exchange.

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stickybeaker · 26/02/2009 18:27

But if that were true why didn't the agents contact you after your original buyer pulled out?

stickybeaker · 26/02/2009 18:27

I meant contact her and let her offer on it before the price drop?

Original poster
ruty · 26/02/2009 18:29

yes why didn't they. Because they were bloody lazy.

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stickybeaker · 26/02/2009 18:30

That doesn't make ANY sense. She put in an offer at a higher price... and then your buyers pull out and your agents recommend a price drop?

lalalonglegs · 26/02/2009 18:32

From what I understand, it is only a rumour that the other flat has sold for far more - wait until figures come up on one of the house price websites to make sure.

What's done is done; you got the house you wanted, it was a stretch but it would have been even harder to afford if you had sold at height of market and you were paying premium for it. Try not to dwell on it - in a couple of years' time, a few thousand will seem very insignificant.

Original poster
ruty · 26/02/2009 18:32

they've just closed their branch here too. Absolutely rubbish.

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Original poster
ruty · 26/02/2009 18:33

she didn't put in an offer - she wanted to see the flat at the higher price but was turned away as it had just gone under offer to previous buyers. But when buyers pulled out they didn't contact her to get her to see the flat. She told us this when looking around, agents didn't.

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stickybeaker · 26/02/2009 18:35

Oh I see. DOesn't mean she would have offered any more anyway.

Lulumama · 26/02/2009 18:36

probably not closed , but gone under !! is there an ombudsman> how could you prove they did not pass on the offer/do the viewing?

can see why you are irked by it now

sounds like you could have done better, but even if that is the case, you can't do much now..

Original poster
ruty · 26/02/2009 18:37

oh well. just have to live with shitty carpets, rotting bathroom floor and holes in the walls

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Original poster
ruty · 26/02/2009 18:39

well i was wondering about the ombudsman thing. She would have to be a witness i suppose! Yeah right. yes, they've gone under. not bloody surprised.

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