Associate
The nervous wait to exchange....
- Thread starter noj
- Start date
Associate
Had a couple round to view this morning, they're downsizing from a 6 bed house!
Fingers crossed for an offer.
We have accepted final offer of £415k from same first time buyers that put in bid of £410k, just waiting for them to send in all paperwork to our estate agent. We have our eye on house for £350k, will need new bathroom + kitchen....also we will look into getting extension done as well. Got viewing booked for it on Saturday, if like it will book another viewing and ask builder to come with us to look at the work it will need. Fingers crossed it all works out as there are no other properties we like in that area at the moment.
Associate
The developer has put the house back on the market 
We had 6 weeks from putting down a reservation to get a buyer, but that ran out last week.
Our house is still on the market, seriously considering a price drop now
We had 6 weeks from putting down a reservation to get a buyer, but that ran out last week.
Our house is still on the market, seriously considering a price drop now
It's all about what you think your house is worth. Look at other houses in your area and how does your house compare to them.The developer has put the house back on the market
We had 6 weeks from putting down a reservation to get a buyer, but that ran out last week.
Our house is still on the market, seriously considering a price drop now
When agent put ours on sale I thought £425 was way too much, I said to Mrs anything over £405k I would be happy with. We are still walking away with crazy equity as we have been in this house for 10 years and it's almost doubled in price.
What a house is worth and what someone is prepared to pay are two very different things.
Timing, the wider market and a little luck come in to it too when it comes to getting the best price.
Everyone naturally wants the best price for their own sale and a discount on their onward!
Soldato
I paid someone 80 quid to change all mines lol
Caporegime
What a house is worth is precisely and exactly, maybe even definitionally, what someone is prepared to pay for it. Anything else is merely an estimate of what it might be worth if you could find the right person to sell it to.
Soldato
Saw a house we really liked today. Going to offer on it despite ours not being sold yet. What's the worst that can happen?!
Worst is they won't entertain it. Or they will say we will still leave it up for sale in the meantime to continue getting leads.
It all depends on how desperate/in a rush the seller is. If you offer is strong they may be happy to wait.
Soldato
Indeed. But if we don't offer then we may miss out on it completely! I'd rather offer and be rejected than not offer and never know. We were fully transparent with the owners as well.
Soldato
The estate agents say it is
They'll also tell you that they've pre vetted your buyer and assessed their ability to proceed with a purchase.
Soldato
I'd say so. Aimed at first-time buyers. Objectively worse properties on our road have gone for the price we're hoping to achieve.