Re: 26/5/19 Thanks to all,who have posted this morning

Hi

House prices vary so much.

Guy got more for his 2 bed inner terrace, no front garden and no parking in Bristol than I got for my 4 bed detached in Prees.

My new house cost double what it would in Stoke.

Downsizing is great when you have done it, so much more time and money for yourself.

Re: 26/5/19 Thanks to all,who have posted this morning

Good luck with the viewings today, Twink.

Re: 26/5/19 Thanks to all,who have posted this morning

Thanks Mups!

Re: 26/5/19 Thanks to all,who have posted this morning

Hi Twink, really feel for you. My brother is in the same position. He put his 4-bedroomed detached on the market in March this year as he is rattling around in it on his own and downsizing to a 3-bedroom. He couldn't believe his luck when the first couple to view put in an offer for the asking price. No Chain. They want to move in by the middle of July as she is pregnant with twins. He wasn't sure this was possible as he hadn't even started searching, but with family helping with the searches, which was rather fun, we all went to town in trying to find the perfect property. (it was he who eventually found the property he wanted)

Fortunately, he too is a cash buyer and the property is vacant (seller lives and works in London). So it's all systems go with both parties using the same local estate agent, same solicitors firm and same conveyancing team, which is making for much less stress for both parties.

It is me as big sis however doing all the paperwork involved, (he is useless with paperwork - or is very crafty!) I have lost count of the ink cartridges my poor printer has gone through printing off over a hundred pages of emailed forms to be perused, filled in and signed by him. it was endless! Still, it all seems to be going well so far, but won't count chickens for him until both parties complete.

I wish you every best wishes and success in selling your home Twink. It is a stressful time but you will get through it, and here's hoping it won't be too long before you have your feet up in your lovely new home.

Re: 26/5/19 Thanks to all,who have posted this morning

1st BIB - re moving - Nooooo, I do too summer.....
2nd BIB - re developers - snap, I thought along similar lines.




Settle down .... don't flap Twink Lots of interest and viewings are expected when new to the market. The agent will have clients on the books wanting to be informed of newly instructed properties, so will be firing out lots of emails too. You'll probably have more when folk come back off holidays and the kids go back to school

It's separating the wheat from the chaff that's the important bit, the nonsensical nosy parkers, the ever present time wasters, those who haven't even put theirs on the market yet, but put in offers - and finally the real ones genuinely interested who could be the potential buyer/s.

I always specify 'only interested parties in a position to purchase' are given appts to view ie....
Those with nothing to sell.
If a mortgage is needed, those who have proof of a confirmed mortgage offer.
Those near completion on their sale
Finally, the prized cash buyer.

Cuts out the crap

..

Re your undervaluation comment.

Estate agents will know the market in your area (the honest ones), so the valuation should be in line with that. 'Scope for updating and improving' will reflect in the valuation quoted too.
Did you only get the one E.A. valuation?

Re: 26/5/19 Thanks to all,who have posted this morning

Having moved 5 times already no way would I want to do it again . Must be one of the most stressful times ever and solicitors aren't much help either.

I am sure their policy is to take as long as possible to get the most money out of you.

One tip I have picked up on is to negotiate on estate agents percentage take. if they want 2.5% to sell your property say no but you will accept 1.25% to sell it, for example.


Remember 1.25% of something is worth a lot more than 100% of nothing

Did you know even if he property is in agents hands, if you find a buyer without the buyer seeing or finding out an agent is selling it, you don't have to pay agents fees. That is by seeing it advertised on a board-internet- shop-newspaper

It is a private transaction


so for example you tell a friend or they hear say by word of mouth,you are selling up and they are willing to buy, it is a private transaction and the agent can't claim their percentage of the sale. It is up to the agent to prove they sold it by way of their advert

Also if using an agent do it on a no sale no fee basis. Some may try and charge as they have spent money on advertising etc.

Do get different agents valuations and their percentage fee even the slightest difference in money in your pocket not theirs.

Don't let agents screw you out of money, play their game instead

you can speed up a sale somewhat by making sure you have any safety certificates to hand. Things like ones for windows-chimneys cleaned -electrical and gas- etc. They can slow a sale down by days


check your house value here

https://www.zoopla.co.uk/house-prices/

Re: 26/5/19 Thanks to all,who have posted this morning

Realspeed, so far I have had 10 people view in the last 2 days. One offered the asking price before they left, 5 have said they want it but need to sort out where to get the finance quickly enough and the last one said they would certainly offer more, to make sure they get the house.

One was a property developer who is likely to change that character of the house... so I won't sell to him.

The estate agent has said there is so much interest from people who are able to buy, that she will only allow further viewings from people who are in a position to buy financially.

Having spoken to the all , at length, I have a couple of favourites, but won't decide till I have firm offers from people who can fit into my schedule!

This is only the second house I have sold! The first one sold in 6 hours and was never advertised, and this one has only been on the market since Saturday..... so I think I know what I am doing.

The estate agent asked me if I wanted a job with them, and I have already negotiated a 0.75% charge.

Re: 26/5/19 Thanks to all,who have posted this morning

5 all want to buy it but have to sort out the finance?
So they're not really in a strong position to buy?
Are they not cash buyers then? Or still have to sell their own property?

With my estate agent the would-be-buyer had to go into the office to show proof they were in a position to buy before any deal was considered .. and then you'll get a memorandum of sale.

Re: 26/5/19 Thanks to all,who have posted this morning

Hi

The same with me Morti, they wanted proof of funds.

I did not need a Mortgage but had to sell mine first.

I am not moving again.

Re: 26/5/19 Thanks to all,who have posted this morning

Quite correct Morty.

But the first stage should the buyer formalising the offer to the E.A. and the vendor informed after the relevant checks have been made re their position and proof of funding.

If more than one offer is received and after all negotiations and decisions as to who 'The Winner Is and At What Price' are done with and accepted, then the Letters of Confirmation or Memorandum of Sale go out to both parties, not that it's legally binding, it just shows the purchaser is serious about the offer.

Verbalising offers to the vendor can be taken as a pinch of salt unless it's backed up and formalised to the E.A.,

Otherwise it's no different to when I told Surfermom on the forum I would buy her beach side property