Bored with selling my house WWYD?

[nymphadora]

Phone call this am saying the potential buyer doesn't seem to have my house on his short list any more. Am fed up with it all now. This was the nearest I got in 6 m.

This was a possible buy-to-let buyer and the rental people had done an evaluation for him and will give me a copy if I fancy letting it for a bit. That would save me payingthe morgage for a few months but I don't fancy the hassle.

The price has been reduced by 15% so far just to stay in line with new properties coming on and the EA can't suggest anything else as things just aren't moving at all. Its in the FTB market area really but there is very few FTB around.

WWYD?

do you have to move? maybe you need to stay put for a while... if you do then you need to price it extremely competitively.

Not living there. Moved out last year. It's empty but costing me & we need the money to finish the house we are living in.

It's now same price as similar in the same area but with 3 beds not two. Not many 3 beds. EA said not to go lower for now as 3 reductions in 6 m already.

If you are anywhere near to a university if you are I think you should keep it up for sale for a bit longer, see if there are any students parents wanting to buy houses for their kids rather than have them waste money on rent.

No universities anywhere near!

According to EA we are waiting on FTB or downsizers(who don't seen able to sell either)

2 major employers in the area are at risk too. One is trident dependant so they are on v dodgy ground

Any advice from the weekend people?

What about offering to pay the FTB deposit rather than reduce the price any further ?
In all honesty the only houses selling around here are the bargains everything else is just sitting there for months.
Unless something dramatic is announced on 22nd June it's going to be stalemate for a while I guess.

According to EA the deposits around £15k so it's a lot to pay isn't it?

Think the waiting for s budgets not helping though you're right there,

What about a new estate agent? Our house was up for sale for nearly 2 years, before we got the offer we wanted. That only happened when we told our estate agent we were going elsewhere. On the very last viewing we got the offer.

Trident isn't going anywhere; there will still be a deterrent, they may just not replace it as fast, so there will still be jobs, and they are not going to take the bombers out of service any time soon.

Crickey, she only wants to sell her house not blow the bloody doors off !

The town my house is in will be one of the places building trident. Without it means lots of redunancies. The other main employer is already making redundancies. So no buyers!

I've not had any offers, lots of viewings which is what is making me think there must be something I am missing. Though the other houses have now come to a stop as well.

Why don't you rent it out?

"That would save me payingthe morgage for a few months but I don't fancy the hassle."

What kind of attitude is that?

One where you end up paying the mortgage for nothing!

Houses elsewhere in the county are selling, so I'm guessing it was over priced in the first place.

It would definitely worth getting a copy of the letting evaluation (or get an letting agent out to give you an idea), then you could figure out how much a rental investor would be prepared to pay for the house, and price it accordingly.

If you rent it out, you may end up making money on the property, depending on what your mortgage is.

I'm getting a letting evaluation as they have done one for me potential buyer. We have another property going on the market after too much hassle letting it. Tenants changing constantly and damaging the property don't make things any easier!

They aren't selling at all in my area at the moment (last month or so) and since Jan prices have gone down by 15% and my house has been reduced by this to match(more actually (98-80K). According to threads on here people are suspicious of lots of price drops/long time on the market hence me thinking of letting it.

if you dont fancy renting then i dont see you've got much choice than to go lower. or hand the keys back to the mortgage company and then at least you're not paying out a mortgage on it.

I don't fancy it but an wondering whether to hang on for sale or to rent out then try to sell later on. Bit torn atm. Don't know what the Market is doing.