House Sales!! - Page 6

mSparks · 03-05-2008, 11:28 AM

Quote:

Originally Posted by calNgary

well sparks ,i guess a welcome wouldnt go amiss !!!,can you also familiarise yourself with the forum rules, your post sounds quite offensive and we dont behave like that on this forum ,i suggest if you cant think of something polite or constructive kindly refrain from posting
thankyou
Cal x

No more offensive than calling people like myself greedy. In fact it was directed more at the EA than the person who was listening to them and passing on 'the word', the simple fact is the UK property market was one massive pyramid scheme, which even the UK gov has been binging on via PFI - and what happens to pyramid schemes when you run out of mugs? - go ask them in the US, we're about 8-9 months behind them.

In Japan they made it law that you inherit your parents mortgage, Sons and daughters over there inheriting 100 year mortgages that are several times the size of the value of the buildings they live in.

Sorry if it was a bit 'hot', but comments like that, wherever they may be, do not exactly inspire love and hugs.

mad dog groomer · 03-05-2008, 12:53 PM

We have had our house on the market for 1 month and had 1 viewer so far but they didn't like the property. Up until the middle of last year a 3 bed semi on our estate would be on the market for no longer than a month priced at around £230000. We decided to move to Oz back in November and spent 5 months doing up the house. There were 8 properties for sale in Nov at 230 to 235 and they are all still on the market at £10000 less plus another 11 have gone on the market since.

I guess we now have so many sellers and not enough buyers that either cannot get a mortgage for that amount or are not willing to buy at these prices.

We put our house on at £215000, at least £5000 less than the rest with two extensions and one of the few double garages on the estate but it seems being the cheapest and having more space than most is still not enough to attract buyers.

If we are offered anywhere near £200,000 we are going to take it as who knows where these problems will take the market in a years time.

The buyers have us over a barrell at present so I would say have a think about it, if you are offered an amount that still gives you a nice fat profit on your original buying price it might just be worth it.

Fingers crossed and the best of luck to us all.

Nigel

Graham&kym · 03-05-2008, 02:34 PM

So, to bring it back to reality, our property took 12 months to sell. It sold for 12k over what we paid for it (225) and this all 2 weeks ago, so we are happy not to be in the position of selling in the present market, which it would appear is very difficult, especially in light of the present Bank moves and governments losses.

traybears · 03-05-2008, 04:43 PM

HI GUYS,TODAY WE HAVE GONE WITH ANOTHER AGENT AS WELL TO SEE IF IT MAKES A DIFFERANCE.HAD ANOTHER VIEWING THIS AFTERNOON WITH ORGINAL E/A. AGAIN SHE SEEMED TO LIKE IT BUT WE'LL SEE.BEEN ON 8 WEEKS NOW,HAD 9 VIEWINGS ALL SEEMING TO LIKE IT LOTS BUT NO OFFERS!! CRAZY!! TRACY.XX.

threeintooz · 06-05-2008, 06:15 PM

Hopefully some positive news at last!

Having dropped our house price by 10,000 as I mentioned near the beginning of this thread we went on to have no less than five viewings in four days and on sunday had an offer which we have accepted today. So there are buyers out there and houses do sell!
I hope this gives you all a bit more hope.

Paul

the ps · 06-05-2008, 07:24 PM

Hi
We had a low offer last week which we accepted and were on a high all weekend making plans only to be told the buyer has pulled out after deciding its not a good time to buy arrrhhh!!! why look then!

We also had to cancel the viewings planned at the weekend so potentially lost another buyer......gutted
Back on market again
BOO!
Brenda

melissa · 06-05-2008, 07:50 PM

We dropped our price and went from nothing to the revolving door.

Then two offers, hopefully should be confirmed by friday.

I'd say if you can afford to be realistic about what your house is really worth in the current market, then drop the price before everyone else does, or you could selling it for the reduced price in six months anyway.

If you want to go, then cut your losses and move on with life.

Darren

melissa · 06-05-2008, 07:54 PM

And i forgot to add that there is loads of sold signs appearing round our way, more than i've seen in a long time, so i think things may be picking up, even if buyers are reluctent to pay asking prices.

Fingers crossed for everyone.

pabloke99 · 06-05-2008, 08:26 PM

Thanks to Nickywes' inspirational idea, we have now sold to a couple that were desperate to buy our house but couldn't sell their smaller 3-bed. So we part-exchanged. We will now have a much smaller mortgage on a perfect rental property so can head to Oz without the worry of a 'white elephant' of a house back here; with the added bonus of retaining a rental investment property in the UK.
I suppose that this is straight forward anyone with a modicum of business acumen, can't believe we didn't think of this sooner.

nickywes · 06-05-2008, 08:36 PM

Quote:

Originally Posted by mSparks

yeah blame it all on the buyers
Absolutely nothing to do with greedy sellers wanting those buyers to commit themselves to 40 years of slavery to life in a run down house in a crappy area with junkies for neighbors.
Its our money, we are the ones who are left who were not stupid enough to follow Labours advice to go bonkers spending money we didn't have, squeal all you like it wont change a god damn thing.

Oh dear, did you have a bad day? I wasn't trying to cause trouble with my comments, just quoting what I had been told by the EA and by the way have had a house for the last 25+ years and have worked very hard to pay for it, in a nice area with no junkies as neighbours.