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Original poster

I thought that even in this markett any property would sell if at thw right price.

191 replies

twinsetandpearls · 21/03/2009 13:12

We have just phoned the estate agent to drop our price again to lower than we paid for it but I thought if that is what has to be done that is what we will do and just tighten our belts a bit further to save whatever we loose. {although the belt is pinching already.

We were advised to put the house on at 155 ( up north) we put it on at 145 to sell, we have dropped anad dropped and were at 129,500 and wanted to go down to 124.500.

The estate agent has done it but his parting words were
"Your house is worth more than that, we sold an identical one recently for 150K, you are pricing yourself too low for your target market and the problem, isnt the price but that no one wants to buy"

I am sure there is some truth in that as we know other people trying to sell who are not even getting viewings, we are getting those at least but the feedback is lovely house but we are unsure of buying or we need to sell ours.

So what do we do? Our savings have all gone, we tried renting it out but
1 it wont cover the mortgage anyway,
2 last time we did this we were rippped of big style and had top redecorate top repair the damage
3 The renting market is flooded
4All that means is delaying while prices drop further
5 we need to buy in a falling market as we are buying up.

OP posts:
brettgirl2 · 27/03/2009 17:28

Did they give you a reason unavailable? We 'toyed' with moving last year but then lost the offer on our house so I cancelled a viewing. It certainly wasn't because I'd driven by and thought yuck - we would probably have bought it.

Original poster
twinsetandpearls · 27/03/2009 17:52

Have spoken to the estate agent and apparantly my sister has redecortated the upstairs and it looks awful . Dark colours slapped on, all over skirting board. The house was a tip abandoned boxes and ribbish everywhre. Overgrown garden etc. This lasy had seen the photos of our immaculate house and was willing to pay full price but apparantly was shocked when she saw the house in its actual state so she left. We are charging my sister for pain and labour and have asked the women to review in a week.

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SamVimesIsMyHero · 27/03/2009 17:58

Bloody Nora Twinset, I've been following this thread since the beginning, I've been wondering the same thing as your title as we are trying to sell ATM. Can't believe your sister would do that I will keep my fingers crossed that a quick house doctoring will do the job.

lalalonglegs · 27/03/2009 18:00

. Is your sister a 14 year old Goth? Good idea about inviting the viewer back - she cannot fail to be impressed if you can turn it around - go to town on it, beg and borrow any furniture you need: big vase of lillies on the table, crisp linen, fluffy towels.

Original poster
twinsetandpearls · 27/03/2009 18:01

The annoying things is we were house doctoring it to sell this time last year and it has been ruined. She has had parties in the back garden with barbeques and damaged the lawn, there were larger cans, ash and abandoned fireworks all over the lawn. I am so angry. But trying to be positive as least we can fix that.

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Original poster
twinsetandpearls · 27/03/2009 18:02

We have offered that is she wans different colours we will change them, although the estate agen she had her heart set on the house in the pictures and was very upset when it was not what she was expecting

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Original poster
twinsetandpearls · 27/03/2009 18:03

No a 22 year old trainee teacher!

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Original poster
twinsetandpearls · 27/03/2009 18:04

We have some furniture there.

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brettgirl2 · 27/03/2009 18:05

TS I can't believe how calm you are about this.

Original poster
twinsetandpearls · 27/03/2009 18:09

I am not calm but apart from fix it what am I meant to do. Dp is fuming currently pacing about talking about he never wants to see y sister ever again.

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brettgirl2 · 27/03/2009 18:13

Yes, I'd react in the same way as your DP! But of course you are right, it wouldn't achieve anything!

lalalonglegs · 27/03/2009 18:33

I'd want to see her again - so I could punch her to the floor and drop a bill for redecoration on her.

noddyholder · 27/03/2009 18:36
Shock
Original poster
twinsetandpearls · 27/03/2009 18:52

We are billing her, this whole thing has been a nighmare. She started renting with a friend whom she assured me was honest. Said friend did a flit a few weeks later owing me rent money, stealing from the house damaging my house and threatening me. My sister then tried to get me to put a false claim in for housing benefit for her. We subsidised her living in the house for months and founf out that the very low rent we charged her she never paid because it came from my mum. She then decided to move out to live somewere free even though she knew we were really struggling financially, she has takem some of my funiture which she painted around so not only are our bedrooms badly decorated she has taken the wardrobes leaving patches in another oolour on view.

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unavailable · 27/03/2009 18:57

Does your sister still live in Blackpool, Twinset? Could you insist she makes good the damage, or at least pay for it?

Bretgirl, one viewer cancelled as they had an offer on a house accepted, one couldnt get time off work (but they had chosen the original time, and didnt arrange another). No reason at all for the other.

Original poster
twinsetandpearls · 27/03/2009 19:00

She is paying for it, Dp is having to take unpaid leave to go and fix the damagel I do not think we can trust her to do it.

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unavailable · 27/03/2009 19:02

No, given her track record, I dont suppose you can. She so owes you -several years worth of favours ( as well as money.)

lalalonglegs · 27/03/2009 20:28

Charge her for petrol (Dorset to Blackpool must be a full tank at least); charge her for the number of days of unpaid leave your partner has to take off. I am fuming on your behalf.

SugarSkyHigh · 27/03/2009 21:23

We have had 3 offers - 3! - at 40-50K below our asking price. Fine. Would absolutely LOVE to take any one of those offers. BUT the vendors of the houses we are interested in purchasing will not look at our own offers, which reflect this drop. They need to get real and understand that this is a falling market STILL. There is no spring bounce. Land registry figures out today I think were -2.0%.

Trouble is, the kind of houses we want to buy are being sold by downsizers who want to cash in and fund their retirement. They are deluding themselves and should get real.

Original poster
twinsetandpearls · 27/03/2009 21:31

lala I am worried that whatever we charge my mum is going to end up paying. I found out recently that my mum has paid all of her rent that we were charging my sister.

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lalalonglegs · 28/03/2009 07:24

Your mother is enabling this sort of behaviour. Speak to her and tell her that your sister has to learn to pay for her own mistakes. Your sister has behaved appallingly. I am so angry on your behalf that you have to pick up the pieces of her thoughtless, selfish behaviour.

Monkeyandbooba · 28/03/2009 14:42

Sorry haven't read the whole thread but we are in the same boat, bought house for 215 put it on for the same amount 6mths ago then dropped it to 190 before Christmas now down to 179 but we have had less viewings at this price than at the higher price.

From what we can gather there are a number of problems (the house is lovely no poor feedback on that at all):

  1. people are much more cautious and unwilling to commit
  2. far less people around than normal
  3. people are more picky and turn down properties on the basis of something trivial
  4. everyone is waiting to see if prices will drop even further
  5. flood of properties on the lettings market so hard to find tenants

I am at my wits end too as DH has a new job 2.5 hrs away so we have to move, I am stuck here with DD (3) and DS (23 weeks) meanwhile.

Original poster
twinsetandpearls · 28/03/2009 19:05

It is hard isn't it MOnkey. I am trying to stay positive and take the attitude it is just money that can be earnt again.

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Original poster
twinsetandpearls · 29/03/2009 14:21

Right the woman who turned our house down has just put in an offer on one up the road.

But on the positive we have a cash buyer coming to view on Saturday. I feel a shit as he is a buy to let which I do not agree with. But we have seen a house here we want that goes to auction end of may,

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noddyholder · 29/03/2009 14:33

If there were no buy to let landlords there would be no rentals!FWIW I think anyone buying a house to let now is probably a serious long term investor.It is the ones who bought in the last few years hoping for capital gains that are gits tbh.They never gave any thought to their tenants and the maintenance of the house and were just looking for someone to pay their mortgage for 2 yrs max and then profit.