The nervous wait to exchange....

[glenimp617]

We're in the process of smartening up our house ready to move.

Seen this, which has been on the market for 12 months? Looks good value, but something is telling me there's a reason it hasn't sold

Check out this 4 bedroom detached house for sale on Rightmove

4 bedroom detached house for sale in High Street, Brant Broughton, Lincoln, LN5 for £306,000. Marketed by Mount and Minster, Lincoln

www.rightmove.co.uk

 

[TNA]

We're in the process of smartening up our house ready to move.

Seen this, which has been on the market for 12 months? Looks good value, but something is telling me there's a reason it hasn't sold

Check out this 4 bedroom detached house for sale on Rightmove

4 bedroom detached house for sale in High Street, Brant Broughton, Lincoln, LN5 for £306,000. Marketed by Mount and Minster, Lincoln

www.rightmove.co.uk

Check on Google earth it is not next to something undesirable. Every time we found something very good it was either next to a cemetery or a substation

 

[mattyfez]

We're in the process of smartening up our house ready to move.

Seen this, which has been on the market for 12 months? Looks good value, but something is telling me there's a reason it hasn't sold

Check out this 4 bedroom detached house for sale on Rightmove

4 bedroom detached house for sale in High Street, Brant Broughton, Lincoln, LN5 for £306,000. Marketed by Mount and Minster, Lincoln

www.rightmove.co.uk

Flood plane, some wierd covenenant in the deeds?

And the most important question, is it a true free hold? no management fees or something daft baked into the deeds?

Might just be because its in the middle of nowhere, i.e. transport links, vicinity to supermarkets, restaurants, etc... looks like it just has a village shop and one pub nearby, and that's about it.

 

[tamzzy]

We're in the process of smartening up our house ready to move.

Seen this, which has been on the market for 12 months? Looks good value, but something is telling me there's a reason it hasn't sold

Check out this 4 bedroom detached house for sale on Rightmove

4 bedroom detached house for sale in High Street, Brant Broughton, Lincoln, LN5 for £306,000. Marketed by Mount and Minster, Lincoln

www.rightmove.co.uk

Price Change History
08/03/2024    Initial asking price: £325,000
Additional Price Change History
1). Previously listed (view here) with the following price changes:
31/07/2023 - Price changed from £450,000 to £400,000
02/06/2023 - Initial asking price: £450,000
Overall change: -27.8% (-£125,000)

the current owners must be ******

 

[oggiet]

Just had offer of £342,500 accepted, asking was 350. Now just to wait for surveyors report. House will need new kitchen , bathroom, and normal revamp. Will get extension done at the same time as well. It's no chain property and our buyers are first time buyers, hopefully process will not be longer than 3 months.

 

[dlockers]

We're in the process of smartening up our house ready to move.

Seen this, which has been on the market for 12 months? Looks good value, but something is telling me there's a reason it hasn't sold

Check out this 4 bedroom detached house for sale on Rightmove

4 bedroom detached house for sale in High Street, Brant Broughton, Lincoln, LN5 for £306,000. Marketed by Mount and Minster, Lincoln

www.rightmove.co.uk

It is an auction:

The property is offered for sale by Modern Online Auction. Additional details available from the Agents or via our partner Agent, i-am-sold.

 

[tamzzy]

It's no chain property and our buyers are first time buyers, hopefully process will not be longer than 3 months.

depends on the solicitors/conveyancers
FTB (speaking from my experience as one) may tend to cheap out...i know i did lol
the whole process took 5.5 months for me to get the keys to my home

 

[mattyfez]

Price Change History
08/03/2024    Initial asking price: £325,000
Additional Price Change History
1). Previously listed (view here) with the following price changes:
31/07/2023 - Price changed from £450,000 to £400,000
02/06/2023 - Initial asking price: £450,000
Overall change: -27.8% (-£125,000)

the current owners must be ******

I'd hazard it was grossly overpriced to begin with, but I can't be bothered to do a comparison of simmilar sold prices in that village.

 

[tamzzy]

@mattyfez i think you're probably right

 

[mattyfez]

It is an auction:

The property is offered for sale by Modern Online Auction. Additional details available from the Agents or via our partner Agent, i-am-sold.

Ahh I missed that... there you go then... so they are probably aiming for more than that then, they will have a reserve minimum price.
And given it may have been overpriced last year, they are probably looking for 375 -400 at auction..but thats just pure guess work and conjecture on my part...I'm not familliar with sold price history in the area.

 

[oggiet]

depends on the solicitors/conveyancers
FTB (speaking from my experience as one) may tend to cheap out...i know i did lol
the whole process took 5.5 months for me to get the keys to my home

I seriously hope it doesn't take that long Agent said it will take about 3 months, month to get paperwork ready and our buyers need to give 2 months notice. Fingers crossed

 

[mattyfez]

Agent said it will take about 3 months

In an ideal world with no hiccups, maybe... it sounds more like a best case scenario to me... I'd allow myself a contingency plan for it to take longer personally!

 

[tamzzy]

I seriously hope it doesn't take that long Agent said it will take about 3 months, month to get paperwork ready and our buyers need to give 2 months notice. Fingers crossed

agent can say anything because it's not up to them
it's all up to the slowest solicitor/conveyancer and this will most likely be the FTB's solicitor/conveyancer

 

[john_smith]

Price Change History
08/03/2024    Initial asking price: £325,000
Additional Price Change History
1). Previously listed (view here) with the following price changes:
31/07/2023 - Price changed from £450,000 to £400,000
02/06/2023 - Initial asking price: £450,000
Overall change: -27.8% (-£125,000)

the current owners must be ******

How do you find that info please?

 

[tamzzy]

How do you find that info please?

chrome extension called property log

 

[tamzzy]

And given it may have been overpriced last year, they are probably looking for 375 -400 at auction..

i'd be surprised if it goes for anything above £360k, given that the buyer has to pay the auctioneer fee of 4.8%+VAT...that's another £20k+ on top of the hammer price

 

[john_smith]

chrome extension called property log

Lovely, very useful. Do you know if there's anything I could use to find all places sold by a certain agent and showing the initial listing price vs. sale price.

ty

 

[TNA]

It is an auction:

The property is offered for sale by Modern Online Auction. Additional details available from the Agents or via our partner Agent, i-am-sold.

I don't get why anyone would do that unless there is something funky about the property. You won't get maximum price that way.

When we were looking we came across a few and immediately put us off. Even if a good price.

 

[mattyfez]

I don't get why anyone would do that unless there is something funky about the property. You won't get maximum price that way.

When we were looking we came across a few and immediately put us off. Even if a good price.

Yeah, I'm selling my late nans place at the moment and went with a normal agent... I got an appraisal from Willian H brown who are nationwide, who were really pushing the auction idea to the point I felt like it was a bit of a hard sell... I wasn't really comfortable with all the sales speak and rightly or wrongly it felt a bit too pressurized to me, and that's from a sellers perspective.

 

[TNA]

Yeah, I'm selling my late nans place at the moment and went with a normal agent... I got an appraisal from Willian H brown who are nationwide, who were really pushing the auction idea to the point I felt like it was a bit of a hard sell... I wasn't really comfortable with all the sales speak and rightly or wrongly it felt a bit too pressurized to me, and that's from a sellers perspective.

I would not use an agent doing that myself. Soon as I feel stuff like that from an agent I don't bother considering them. So many agents to pick from after all.