Hello,

We put our house on the market in Jan 03 for £219,950 after getting 3 valuations of £229,950, £219,950 and £215,950. The first viewer offered £212,000 and we accepted. She then had chain problems and the sale fell through. We then took it off the market until August when we put it back on at £225,000. Again the first viewer made an offer, this time full price. So again, we think we've sold. Then that chain went pearshaped. We are now at £214,950 to try to complete as quickly as possible.

I know this is a quiet time of year so I'm not expecting to find another buyer really before maybe even Feb/March, but am I being too impatient? Obviously there is nothing wrong with the house because first viewings each time and it was "sold", but if I want to shift it quickly (which I do) how much should I drop it to really make it attractive? Our agents said the 10k we've just dropped it will do the trick but what I don't want to do is end up another 12 months down the line stuck there after "selling" it several times again for it to fall through.

By the way, the English system is poo! Make it like Scotland!

The house is worth what someone will pay for it.
Demand for houses out-strips supply significantly so it's more of a problem of getting the house in front of the right people than finding the right price.
Why not go back to the agent and increase their commission if they crank up their marketing effort on the house.
Get it in the local paper, on the big property web sites and make lots of noise about it.

Hi Chin,

I will offer you £219.95 fo it, so I can spend the rest rebuilding Hadrians Wall!

seriously though (?) where have u advertised? must be loads of specialist sites dealing with nice semi rural properties.

Rich

It is on rightmove.co.uk and a few others.

Am I being too impatient though or does it just take fekking ages to sell a house sometimes? Before I must have been lucky. Two chains falling through is a gutter!

Seems like a good idea to me... if they will do that (and can't see why they won't).

As you say - there isn't anything wrong with the house, just had unlucky buyers who have had chains collapse on them.

Get more people round and get more offers in (using the extra incentive to the estate agent as the carrot on the end of the stick).

Don't give your house away (unless it is to me ;) )

Why are you in such a hurry?

Travelling time to work is peeing me off big time. I spend up to 3hrs per day driving to work and back and its only a 60 mile roundtrip!

The traffic is getting noticably worse on my route. When we moved there is used to take 40-45 mins and now it is never less than 1h each way.

[Edited by chinnybloke - 12/16/2003 3:26:50 PM]

chinny - post the url for the rightmove file so we can take a look and comment more accurately

Here goes...first clicky attempt

look at the one below instead....

[Edited by chinnybloke - 12/16/2003 3:50:27 PM]

Get a motorbike!
C

Actually, ignore that one. This one is better....

[

[Edited by Puff The Magic Wagon! - 12/16/2003 4:44:28 PM]

Look at this

Talk about timing....one of the agents just called. They said they dont expect the £10k drop to have any impact until end of Jan so I should be patient.

A theory I've heard suggests you will be seeing more and more of this when trying to sell property.

It is the first time buyers that keep the property market fluid as they effectively terminate the chain. As the number of first time buyers has decreased significantly over the last year the property chains are getting longer and therefore more likely to collapse.

I was planning to buy myself this year but have been put off by the high prices, threat of a market slump, etc. I know demand outstrips supply but if the number of first time buyers continues to decrease then I feel it will have a negative effect on the market.

Chinnybloke

Call me paranoid but I wouldn't post up my address and pic of my house inside/out on a public BBS, especially if you're a scoob owner. Can't understand the numberplate thingy, but addresses :eek:

Hence the edit.

If its not your house, then apologies and slip the link back in...

Cheers for the edit. I did think of that too but its on the property web sites anyway and I don't have a Scooby to swipe.

I'll leave it off now though.

Cheers
CB