Are you moving house?

To ing and fro ing is giving me a headache 😂

I now have 2 similar offers 10k off the asking price this going and fro img is giving me a head ache. Hows everyone else doing?

Grammaretto

Thanks everyone.
I had 2 valuations a couple of years ago when I first decided I had to downsize but they were both very vague with £200k between the upper and lower.
I spoke to an estate agent this morning and he is coming on Monday to give me a verbal valuation, as you've described.
This way I can settle on the price I want. I hope. 🤞
I am in Scotland.
I have an added complication because I have applied for planning permission to build a house in part of the garden. This wouldn't impact too much on the big house but it means changing the title and could affect the asking price, if I get permission. I should hear soon.
Even assuming I get PP I'm not convinced I want to live in my garden but it could be an attractive selling point I suppose. .

It's so time and brain consuming isn't it. And that's without all the decluttering of a lifetime.

It would probably make a significant difference to the selling price if you have planning permission in place.

Thanks everyone.
I had 2 valuations a couple of years ago when I first decided I had to downsize but they were both very vague with £200k between the upper and lower.
I spoke to an estate agent this morning and he is coming on Monday to give me a verbal valuation, as you've described.
This way I can settle on the price I want. I hope. 🤞
I am in Scotland.
I have an added complication because I have applied for planning permission to build a house in part of the garden. This wouldn't impact too much on the big house but it means changing the title and could affect the asking price, if I get permission. I should hear soon.
Even assuming I get PP I'm not convinced I want to live in my garden but it could be an attractive selling point I suppose. .

It's so time and brain consuming isn't it. And that's without all the decluttering of a lifetime.

Grammaretto

I know, I think that too Allira and I won't get a home report but because it's a private sale, I want to know what to ask.
I don't want to sell it too cheap nor to be greedy. It is a unique house, 200 years old.

You should be able to get three estimates at no cost from three different estate agents. You don't have to proceed with them but it will give you an idea of valuation.

Grammaretto

I know, I think that too Allira and I won't get a home report but because it's a private sale, I want to know what to ask.
I don't want to sell it too cheap nor to be greedy. It is a unique house, 200 years old.

Your solicitor may be able to guide you re an asking price, or you could get an estate agent round (no need to actually instruct him) they'll give you an idea before you have to sign any contract. If you are happy with what they say add 20% on top (you can negotiate down, you can't negotiate up)

Sago

Grammaretto

I know, I think that too Allira and I won't get a home report but because it's a private sale, I want to know what to ask.
I don't want to sell it too cheap nor to be greedy. It is a unique house, 200 years old.

Be very careful and take advice from your solicitor.

It is up to your purchaser to have any surveys done.

I sold once privately, the purchaser pulled all kinds of tricks, she even asked me for 3K cash before we exchanged contracts, she wanted a reduction on the purchase but would still borrow the full amount!
I told her a firm NO and reiterated that as a solicitor herself she could be disbarred for pulling such a stunt.
She threatened to pull out but I stuck to my guns, the sale proceeded eventually.

If Grammaretto is on Scotland the vendor pays for the home report (in the region of £500+Vat depending on many variables). If it's a private sale a Home Report isn't necessary but if the property is advertised anywhere a Home Report must be done. It will point out obvious defects that are clearly visible and the surveyor will take random damp readings, he might even get his binoculars out to look at the roof. It's not in anyway a structural report. It will make recommendations for mortgage funding (the with holding of funds until necessary repairs are complete) and give a valuation (based on sold values of neighbouring properties - easily found online). It also includes an assessment and energy report and improvements that can be made.

My journey is so hair raising, one minute I’m on a runaway train the next the slow boat to China 🤣

Sorry that was meant for Sago and Allira

Allira I hope my private buyer isn't going to play any tricks! I have known him as a friend for at least 20 years but he has to raise funds as he wants to change the use from domestic to business and has a team behind him so there is a possibility that someone will make difficulties further down the line.

You are right about keeping my solicitor handy!

MOnica

Just reading through this thread for the first time.

Earlier you mention that your DD will also be moving and you will actually end up living close to each other, but that is not really your intention, as you don’t expect her to look after you in time to come.

Looking at it from another angle, it may be that your DD herself actually wants to be nearer to you and your DH, not for caring purposes, but just because she would like her parents to be ‘around’.

Hope you get your house sold, and find one you really like.

🤞

(This applies to all on this thread).

Grammaretto

I know, I think that too Allira and I won't get a home report but because it's a private sale, I want to know what to ask.
I don't want to sell it too cheap nor to be greedy. It is a unique house, 200 years old.

Be very careful and take advice from your solicitor.

It is up to your purchaser to have any surveys done.

I sold once privately, the purchaser pulled all kinds of tricks, she even asked me for 3K cash before we exchanged contracts, she wanted a reduction on the purchase but would still borrow the full amount!
I told her a firm NO and reiterated that as a solicitor herself she could be disbarred for pulling such a stunt.
She threatened to pull out but I stuck to my guns, the sale proceeded eventually.

I know, I think that too Allira and I won't get a home report but because it's a private sale, I want to know what to ask.
I don't want to sell it too cheap nor to be greedy. It is a unique house, 200 years old.

Well, that was new to me that the vendor has to pay for this home report survey, Grammaretto. I thought the prospective purchaser would have to pay for a survey to be done but perhaps that shows how long since we sold or bought a house.
The definite price is the offer you are prepared to accept, surely?

Best of luck M0nica
Strange day for me.
My potential buyer came round with some friends who enthused about the house and went all over it. I hadn't been expecting them but at least my bed was made!
He wants a definite price so I called a surveyor and was shocked by the cost. How much is a home report usually? The surveyor either does a home report or a valuation. Both cost money but the valuation is ⅓of the cost of a survey.

Thank you. Unfortunately too late for us to get the house we had our eye on for over a year, but yu win some you lose some.

Fingers crossed for you MOnica

Well, we had our first offer from someone who has not yet sold their house yesterday, we just said we weren't considering any offers, unless the person concerned was procedable.

However we are getting a secocnd viewing today from someone who is procedable, and at least this non proceedable offer can be used in the negotiations to make sure further offers do not fall too far.

FishandChips15

I recently had an offer on my property which was £25,000 less and they were not even under offer themselves.

Various other situations arose so I came of the market.

When I decide to go back on the market with another EA should this same person show an interest where do I stand with regard to the previous EA as they were the ones who introduced them?

It will be in your contract with the original EA.

That must have felt quite promising tanith despite the cheeky offer.
First viewer making an offer is a great start!

Well I had first viewing today the agent came to do the viewing as I was going out, I gave him keys as he has more booked for Saturday. He rang with an update to tell me that they’d made an offer 60k under the asking price. It seems he’s just exchanged on a house nearby so I think a developer he said the garden was a bit small, it’s 65’ long and 25’ wide so I don’t agree. Anyway within 10mins of my rejecting that offer he upped it by 10k and the agent said he really wants the house.
I thought tough he can offer the asking price as I’m in no hurry. Hey ho! more viewings on Saturday.

I do not dread being on the market, but I find it quite a chore. By preference I show viewers round on their first visit and the Estate Agent (EA) is happy with that as, though I say it myself, I do it quite well.

It means you have to keep tidying up because someone is coming round. Are all the floors clean? The loo seats all down? It eats into your time and your social life has to be organised around the viewings.

Currently we are getting second viewings, which are often done by the agent, so people can discuss freely all the changes they want to make. But that means doing things like opening up lofts and boiler cupboards, and then going out for an hour or so.

Thanks Monica. I am dreading going back on the market, but it has to be done.

It depends how the person was put in touch with you.

If you were with Estate Agent A and they introduced buyer B, but nothing came of it, and, after you had moved to Estate Agent B, Buyer B approached you again, NOT going through Estate Agent B, I think the first agent gets the fee.

If However, Buyer B approached Estate Agent B and they arranged the viewing etc, then they would get the fee.

When we changed agents, we told them that there was a possibility that someone EAA had introduced might come back. We just assumed that our various EAs would know what to do. However that potential buyer never returned.

We currently have 3 people who have viewed our house twice and have expressed serious interest in making an offer, all three have houses on the market, but not yet under offer. We have said that we will not make any promises on any ffer until one of them is in a psition to proceed.

We have another second viewing on Thursday, accompanied by small children. This person is proceedable, with no house to sell and if they then make an offer we will accept it. We are working on the basis that he knows that there are three other people wanting the house and one of them could go under offer any day and be proceedable, so he is not going to come in with a silly offer.

fishandchips I believe the original EA get the commission. I'm not 100% sure though