Originally posted by Iron Condor
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Reply to: Had an offer
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Previously on "Had an offer"
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Originally posted by TimberWolf View PostYour solicitors charged 2K? How do they justify that?
I'm tempted not to engage mine until I'm sure my buyer has his mortgage approved.
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Originally posted by TimberWolf View PostThe agents valuation was £175K and I said okay, but forget getting business, what's the price if I want to sell, and they said £169K to sell at between £160-£165K. First offer from the buyer was £154K and after negotiation (much BS from agents) final acceptance was £159,500. Even though it's at the solicitor stage (only about a week after my first seeing the estate agents) no doubt the sale could go wrong, what with the news today of more big house price drops, but the buyer is a Dr and appears keen to move and may not attempt to gesunder. I doubt I will be up for gesundering anyway.
If unemployment and repossesions really start rising and prices collapse further 210K boom time flats will probably be worth less than 100K by the end of 2010.
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Originally posted by Bumfluff View Post£550 sounds good, I would try and get them to exchange early my buyer pulled out wanted another £15k off week before completion, wasted nearly £2k in legals ggrrrrr I've sold / bought before but this time it's been a far worse experience.
I'm tempted not to engage mine until I'm sure my buyer has his mortgage approved.
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Originally posted by TimberWolf View PostOn my flat. I put it up for sale very recently and before the brochure or HIP were completed, have had 2 viewings and an offer. I think at the peak of the boom my flat might have sold for £210K at a push and I have agreed £159,500. So that's around 76% of the peak of the boom price, or a 24% drop. It is a bit premature in the sales process to accept offers, but a bird in the hand etc.
Next stop may be rentsville.
Anyone know what the conveyancing costs are for selling only? The Estate agent is offering a 'special' price of around £550.
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Originally posted by tim123 View Post210 boom price should be around 170 now. But any buyer with any sense is pricing a further drop into their offer, so I think you'd be lucky to get that.
What were you asking (if I may ask)
tim
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210 boom price should be around 170 now. But any buyer with any sense is pricing a further drop into their offer, so I think you'd be lucky to get that.
What were you asking (if I may ask)
tim
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Originally posted by TimberWolf View PostI think at the peak of the boom my flat might have sold for £210K at a push and I have agreed £159,500. So that's around 76% of the peak of the boom price, or a 24% drop.
I blame Gordon Brown-o-nomics for that.
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Originally posted by TimberWolf View Post
Anyone know what the conveyancing costs are for selling only? The Estate agent is offering a 'special' price of around £550.
When I moved house in 2007, I paid 700 quid for conveyancing on both purchase and sale...
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Originally posted by TimberWolf View PostIn ordinary times yes, but not today. It's 10k higher than an offer a guy in another flat in the block got a year ago and my buyer wants to move fast, which suits me. I think also that estate agents tend to put a flurry of work in at the start and then begin to lose interest and/or ask for a price reduction. And prices are dropping. I was surprised at its highish valuation to be honest, as I thought there would be few buyers offering much out there.
It just goes to show that you can get a good price if you have the right property. Well done !!
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Originally posted by SallyAnne View PostIf you've had an offer so quickly are you not tempted to put it back on the market for £10k or £20k more? See what sniffs you get at that price?
I understand taking a pricecut when you've been waiting for 6 months and you're desperate...but taking a lower price when it's offered before the place even goes in the brochure...aren't you doing yourself?
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Originally posted by TimberWolf View PostOn my flat. I put it up for sale very recently and before the brochure or HIP were completed, have had 2 viewings and an offer. I think at the peak of the boom my flat might have sold for £210K at a push and I have agreed £159,500. So that's around 76% of the peak of the boom price, or a 24% drop. .
I understand taking a pricecut when you've been waiting for 6 months and you're desperate...but taking a lower price when it's offered before the place even goes in the brochure...aren't you doing yourself?
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I used http://www.conveyancing-warehouse.com/indexGPPC.html
They were really good, and a lot cheeper than the estate agent quote.
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Originally posted by TimberWolf View PostAnyone know what the conveyancing costs are for selling only? The Estate agent is offering a 'special' price of around £550.
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