There's really no benefit to telling the agent in advance. Do it in one email once you have all your reports and figures to hand (enclose them if you want) setting out your offer and why it has been reduced.Is this the right way to go about this?.
So Countrywide came round this morning first thing to do the valuation report for my buyer. Whilst he was there with my wife I got a call from our Agent saying that my buyers are pulling out as he got made redundant last night. Awful situation for them granted but it's hard not to be angry after how slow and how much time they've waste over the past 3months
Luckily we've been doing backup viewings and we have another buyer with no chain wanting to pay the same. My builders (new house that I'm buying) seem to be ok with that but want to put a Completion Deadline on it which I'm fine with. Ours is the last house on a huge estate to complete so they've moved off the site which is probably our saving grace really as no-one else is sniffing around for the house. Completion deadline is the 20th December, we shall see!
I'm never moving house again.
Had our flat valued yesterday by the normally price-aggressive Foxtons and it came under my expectations somewhat. Sounds massively arrogant, but I think they've missed the brief on this one as a lot of the terminology and comparisons they were making to our property were completely wrong - they showed us a load of comparables which were all new builds, but our building is 100 years+ old.
On the up side, if we decide to rent it out and buy elsewhere, it should be fully paid off in 20 years without us having to be a penny in, although would prefer to chuck in cash periodically myself.
Foxtons will normally inflate the price by at least 10% in order to justify their astronomical fees. So your comment about their valuation being low is very surprising. Get two more agents in - in what town is your place and how many bedrooms is it? Does it have a garden?
If you are in London then the market is very flat and entirely static having dropped around 10% since mid last year
Yeah, I knew about them over-inflating prices upon appointment, but was quite surprised. We've got a 1,100 sq ft 3 bedroom, 2 bathroom Mansionette with a terrace house-style front door/entrance. It's also been significantly renovated and modernised, with a 600+ sq ft living room/open plan kitchen. We have a lowered front garden, which we're decking next year.
Honestly I was quite surprised with the slightly low valuation, given we're on the edge of Zone 1 and Crossrail will turn Canary Wharf into a 3 min journey. I appreciate Brexit has put a dampener on the market, but thought it would have been countered by Crossrail and our renovation.
We're not actually looking to sell unless we decide to buy something outside our current budget, but I was looking to get a feel for where the market is right now. Will be speaking to a couple of other agents shortly. The rental income is in line with expectation however - does anyone know typical estate agent rental fees? They quoted 11% for their basic service and 17% for fully managed.
i put in an offer for a house last week (27th Nov) that was accepted,
been back for a second viewing this week (5th Dec) + paid the solicitors the required £200 upfront payment for their work,
im hoping it gets sorted pretty quick as there is no chain involved
They quoted £700k-£800k. I was thinking more around the £800k mark. Flat above ours (smaller, one-floored and with no real outdoor space) went for £735k a couple of years ago. We'd got ours valued at £775k-£850k last year shortly after the renovation, and I was curious to see how the market has moved this year.We’re you thinking around £699,950? Ish?
They quoted £700k-£800k. I was thinking more around the £800k mark. Flat above ours (smaller, one-floored and with no real outdoor space) went for £735k a couple of years ago. We'd got ours valued at £775k-£850k last year shortly after the renovation, and I was curious to see how the market has moved this year.