Chafo   10 #1 Posted April 26, 2010 Has anyone ever sold their house to one of these "are you desperate to sell your house now for whatever the reason"? The housing market seems to have gone very quiet (I live in the Sheffield S6, Wadsley Bridge area) and I do not want to miss out on the perfect house we have found to buy. We are looking to upscale from a 2 bedroomed to a 3/4 bedroomed family home.  Do these companies have hidden costs?  Has anyone sold their property to them for a quick sale too? Share this post Link to post Share on other sites Share this content via...
dongle   10 #2 Posted April 26, 2010 your going to get an offer at around 25% less than current market value, best thing would be to put it up for sale with an incentive to buyers such as paying there 5% deposit or legal fee's ect rather than losing so much money on a quick sale Share this post Link to post Share on other sites Share this content via...
doyle   10 #3 Posted April 26, 2010 My house was on the market for £119,950 and I got no offers over £70,000. Companies even cold called us to offer us a "very good price". We told them to shove it, they are preying on people who are desperate, unfortunately there are some people who have to sell, even at a loss. You will not get anything like what you want. Share this post Link to post Share on other sites Share this content via...
Sarkysod   10 #4 Posted April 26, 2010 My house was on the market for £119,950 and I got no offers over £70,000. Companies even cold called us to offer us a "very good price". We told them to shove it, they are preying on people who are desperate, unfortunately there are some people who have to sell, even at a loss. You will not get anything like what you want.  Is the current market that bad or are people only offering what they can/will pay for a property. The banks are still not offering much, which has an affect on what people can borrow and offer for a property. I am currently looking at the £120K price bracket,should I be offering £70k? Share this post Link to post Share on other sites Share this content via...
chem1st   10 #5 Posted April 26, 2010 Stay put, house prices are still due a fall. An upgrade will be relatively cheaper when the markets adjust to normal levels.  http://housingleaguetable.org.uk/Sheffield-summary?w=5270&pc=S1+1AA  You need to earn £35k+ to afford to buy an average priced home in Sheffield.  The average wage in Sheffield is less than 2/3s of that. Share this post Link to post Share on other sites Share this content via...
doyle   10 #6 Posted April 26, 2010 Is the current market that bad or are people only offering what they can/will pay for a property. The banks are still not offering much, which has an affect on what people can borrow and offer for a property. I am currently looking at the £120K price bracket,should I be offering £70k?  If I had no option but to sell, I would sooner sell it to someone at a further reduced rate to someone who is struggling to get on the ladder sooner than one of these parasites who would buy it for £70k then sell it in for £100k + I had to rent mine out instead but am not making any profit on it as the rent only just covers the outgoings, I do want to sell though, I have even tried to find a buyer who wants to buy with the tennants in as they are excellent people, but to no avail. I will just have to ride it out till the market picks up, I had only had the mortgage for 5 years when I had to sell so wont make much profit so cant afford to sell yet. You are in a very good position if you have £120K to spend, get looking now before the market picks up. Share this post Link to post Share on other sites Share this content via...
Sarkysod   10 #7 Posted April 26, 2010 Stay put, house prices are still due a fall. An upgrade will be relatively cheaper when the markets adjust to normal levels. http://housingleaguetable.org.uk/Sheffield-summary?w=5270&pc=S1+1AA  You need to earn £35k+ to afford to buy an average priced home in Sheffield.  The average wage in Sheffield is less than 2/3s of that.  What's the average house price in Sheffield at the moment? If prices fall too low,how many will suffer negative equity. I fall slightly short of the stated £35K and just managed to get a mortgage with a 25% deposit. How things have changed in 10 years,when I bought my first property. Share this post Link to post Share on other sites Share this content via...
dongle   10 #8 Posted April 26, 2010 the house next to me which was built 4 years ago and cost 160k has just sold this week for 120k although it was a reposesion from an investor who never rented the place out in the last 3 years i think the market is starting to pick up, 3 house on my estate have had sold boards go up this week Share this post Link to post Share on other sites Share this content via...
retired   10 #9 Posted April 26, 2010 The market is on the up. I have noticed new build sites being started up again and sold signs are all around us. However, I would not expect to obtain the asking price. I would think it not unusual to accept at least a 5% discount. It is definately a buyers market for those who can obtain the funds. Share this post Link to post Share on other sites Share this content via...
chem1st   10 #10 Posted April 26, 2010 the house next to me which was built 4 years ago and cost 160k has just sold this week for 120k although it was a reposesion from an investor who never rented the place out in the last 3 years i think the market is starting to pick up, 3 house on my estate have had sold boards go up this week  At £64 a week he could made £10k in rent over 3 years. Housing benefit would pay that! Share this post Link to post Share on other sites Share this content via...
chem1st   10 #11 Posted April 26, 2010 What's the average house price in Sheffield at the moment? If prices fall too low,how many will suffer negative equity. I fall slightly short of the stated £35K and just managed to get a mortgage with a 25% deposit. How things have changed in 10 years,when I bought my first property.  The average is under £22k, maybe less with the increase in unemployment over the past few months, the christmas blip, was, and always is a blip.  I read somewhere the average age of a first time buyer the other day. Oh deary me! Share this post Link to post Share on other sites Share this content via...
Sarkysod   10 #12 Posted April 26, 2010 The average wage in Sheffield has always been bad, but what is the average house price? An earlier post stated that the "buy it quick" companies are offering 75% of the market value, another post states private buyers are offering even less! So how do you get a fair price? Share this post Link to post Share on other sites Share this content via...