haylie s
 |
I would sell the property if it has been on the market for such a long time. If you are having a lot of viewings and no offers it shows the house is up for to much. Also property prices have gone down a bit since the December,
Dont forget it is up to you! |
|
morningstar6707
|
maybe you need to make a few changes in the design of some of the areas in the house.this could be some of the problem as to why it hasn't sold yet. i watch hgtv- designed to sell.it has a lot of tips on how to remodel at discount prices. it might help you sell your property. |
|
Mel C
 |
Here's my advice, last year I tried to sell my house, at around £95K eventually after aload of bullsh*t the offer got dropped to 85K which we didn't accept. The house is now on the market again, we've had no interest whatsoever, and probably will be stuck here because other houses aren't selling in the area at their asking price, and this will lead to ours being worth hardly anything.. so I'd say if you have an offer think carefully but go for it.. |
|
jackie m
|
In Scotland a house is sold for offers over the valuation, - my sisters house valued at £115,000 she got £150,000, the flat she bought offers over £82,000 she paid £95,000. I would wait for asking price, there will be someone out there who will pay it, unless you are in a hurry to sell? |
|
anthony
 |
I'd sell it, house rices are set to fall within the next two years and you could lose out even more, but its a chance you have to take, or why dont you try doing it up a bit then sell it, think about why people arn't interested, are they pictures doing it justice, is it to cluttered for pople to imagine themselves moving in. |
|
♥deb b♥
 |
It all depends on if you have equity in the house that is the amount sufficent for your next deposit and expenses. The market as been slow at the moment and we have our home on the market at the moment and hoping things will pick up a little in the spring. If you have had a good number of viewings then hold out, if viewings have been scarce then it may be a good option to accept. |
|
leambi
|
How desperate are you to sell the property, if you are in no rush then i wouldn't sell it until you get the price that you want, you should maybe aim for around £85452 as this is a reduction of 5% from the asking price, otherwise accept the offer and live and learn. |
|
Hannah R
|
Since its been on the market for over 6 months you could cut your losses and go ahead with sale. Or if you are willing to wait, with spring and summer round the corner you might get more people viewing the place and may just get the offer you want. To get people interested you could always hold an open day where people can just pop in anytime and view the place. |
|
greenweenie
|
Negotiating a price on a home buy a lot of times consists of going back and forth between buyer and seller. If you are close to acceting ht e$82K, then make a counter offer.
If it were me, I would go back to them and offer $87,500 - and negotiate from there .... they may come up from the $82K offer. So it can go back and forth until you agree. Final offers a lot of times are not final offers ... know what I mean?
What have you got to lose? |
|
puffy
|
what the situation with the current people making the offer? the market has picked up over the last few weeks so it may be worth holding out, whta did the estate agents say it was worth and how many valuations did you get? Mortgage rates have just gone down which is a good sign. |
|
luludoodie
 |
Assuming you are buying another house you just pass the pain on by offering less for your next house. So you aren't actually £8,000 worse off!
Fact of life now, houses are worth less than they were. Take what you can as you then turn into a buyer who can dicate what you are prepared to pay! Buyers are in short supply now! |
|
nuttyred x
|
Hi Anthony,
Compromise,
you don't want to lose another sale and you don't want to lose all that money so tell them its theirs for £84950
If they agree they will be happy at achieving it at less the market price and you will be slightly happier that you didn't quiet lose all that money AND it's hopefully sold
Good luck xx |
|
gatsgrl
 |
Think about it on paper.... More than likely your house won't sell for full asking. So let's say you DO receive an asking price of $87,000. Here's your likely BASE scenario:
Sale Price: $87,000.00
Commission 7%: - 6,090.00
Holding Costs: - 3,600.00 (6 mths)
Profit: $77,310.00
VS
Sale Price: $82,000.00
Commission 7%: $5,740.00
Holding Cost: 600.00 (1 mth)
Profit: $75,660.00
Difference: $1,650.00
This is only an average, so of course, you can plug in the numbers the way they make sense to you. Just remember nothing is guarenteed. You may get an offer 6 months from now for the same amount of $82,000. It really depends on your market. I would focus more on the terms of this current contract. Eg: Closing Cost, Quick sale, Inspection, etc, etc. In the end, it's up to you to make a calculated decision as to what's important to you.
Also keep in mind that it is a lot harder to qualify for a loan than it was a couple years ago. Finding a QUALIFIED buyer is not such an easy task anymore - as you already know. |
|
Daniel J
|
If you can afford to hang on until you get the price you want. |
|
Susann o
|
trying to sell a house today is a nightmare. it is a buyers market now compared to last year when it was a sellers. I live in a new development and their are loads of houses lying empty and i also know people who have their houses up for sale and are having to drop them by 10s of thousands to sell them. personally i think the housing market is falling rapidly and i would take the money, but speak to your estate agent first and have a look around at how long other houses have stayed on the market in your ares, because it also depends on where you live. |
|
mortgagesolutionsmerseyside
 |
It is up to you as to whether you wish to accept or not?
if you want to check what the properties are selling for in your area go to www.rightmove.co.uk and go in the house price section.
Put in your postcode and it will tell you the prices the houses in your area have sold for and the dates sold.
This will tell you if its a good price
This is data is taken from the land registary |
|
taz man
|
Remember the valuation that was done would have been 6 months old. In this time house prices have fallen a small amount. Also a house is only worth what people are prepared to pay for it. based on the fact that no one has bought it for the asking price maybe it is only worth £82,000.
Good Luck |
|
julie g
|
It depends if you're desparate or not - if you can afford to then hang on. Or if not suggest that you meet them half way at £85,500 - it's their loss!! |
|
Destiny's Euphoria
|
Sell it. After 6 months, how much have you paid in mortgage interest? Assuming you have one. It could be another 6 months before you get an offer. Sell, sell, sell. :-) |
|
donald e
|
does it get u clear of your financial obligations, are you sure of the financing, as you stated the other buyers couldnt get financing yes 7500 quid is a lot of money, however the old adage of "of bird in the hand is worth 2 in the bush" if it works for you, the offer, take it, if it doesnt dont, but are you prepared to sit for another 6 months or longer both financially and mentally it maybe that long before another offer comes in and what do you do if its lower like 80,000 think about it ponder on it and make the best decesion for you and yours gl. |
|
pirate_princess
|
That is quite a high percentage drop BUT 6 months is a long time.....
Personally it would depend on the circumstances at the time, but I think I'd leave it and wait if I could afford the time. |
|
sadee61
|
Real Estate Investing
Property Investing
Investment Property
Property Investor
http://www.freewebs.com/real--estate |
|
DickyNowItAll
|
Hold on ! you will have trouble buying another property for that amount and it's well under the market/asking price |
|
Jim
|
I would have to see the money figures in dollars? |
|
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
