Selling Property

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GG.
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Selling Property

Post by GG. »

What a pain in the arse it is. Last time was pretty much 8 years ago so I've forgotten the frustration.

I've come to the dawning realisation that we are not like most house buyers. Given all the information available online, we know pretty damn well before we turn up for a viewing if we're going to like it or not and/or if it suits our requirements so our viewing to bid ratio must be something like 2 : 1.

Every time we have to deal with people viewing the number of "oh its not big enough" or "I need an extra bedroom" is ridiculous. Funnily enough floorplans tell you exactly how big somewhere is and why bother viewing somewhere if it has less than your minimum requirement number of bedrooms :roll: I guess sometimes agents strong arm people into trying to see it, however, I think most of these are enquiries via the portals...

Typically we bought in what was then quite a buoyant market and are selling in the doldrums. Quelle surprise... however, the one positive is that we have actually had some viewings since it went on at the end of last week, which I wasn't taking for granted given Rachel from accounts has the proverbial sword of damacles hanging above every house buyer's head until the end of November. I suppose that doesn't count for much if they've all decided they need 4/5 bedrooms but can afford to pay for 3 :roll:

I'd rather have people who are in some respects just dreaming and whose budget is 85-90% of asking because at least you can talk turkey on compromising in the middle and we can try and chip our seller to compensate. If the requirements are just totally different then what can you do :?
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Simon
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Re: Selling Property

Post by Simon »

Link it here so we can critique your abode.
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DeskJockey
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Re: Selling Property

Post by DeskJockey »

Are you staying in London or heading out to pastures new?
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Matty
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Re: Selling Property

Post by Matty »

To be fair, Estate Agents are dickheads for using wide-angle lenses which can misrepresent rooms, but not excuse for the rest.

I think many people aren't interested, they're just nosy.
Simon wrote: Mon Oct 13, 2025 4:50 pm Link it here so we can critique your abode.
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GG.
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Re: Selling Property

Post by GG. »

Sorry guys - I'm going to be boring and not post it on here. Seems incongruous given it is on rightmove, I know, but just prefer not to right at the moment. If any of you are in the market I can of course PM it to you...! No doubt you would be very underwhelmed given the £/sq ft ratio...

After thinking quite hard about moving out we've decided to stay local - only a little more than 3 miles SW of where we are now (and actually 2 miles as the crow flies).

Naturally we put in an offer on a place before we had ours on the market - actually when it still had scaffolding up - so have added to the stress in needing to rush to finish it off and list it for sale. Now feels like a sit and wait exercise and try to convince our sellers to be patient...
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240PP
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Re: Selling Property

Post by 240PP »

Mine’s on the market at the moment. Not much interest, a couple of viewings and a company wanting to buy it as an Airbnb. The agent is saying it’s a very odd situation right now, very slow whatever the type of property with a few very quick sales but no real pattern to the market.

I guess a few buyers are waiting for the Nov budget. Some of the big lenders are planning to offer 7x salary loans too.
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GG.
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Re: Selling Property

Post by GG. »

Yes its an extremely difficult time to sell a property as it has been quite clearly signposted that a dramatic change of some description in the next 6 weeks is possible if not probable. Particularly so in the London market as given where prices sit on the distribution curve, the effect will be most extreme here, particularly at the upper end.

To use gen Z terminology it is all kind of wild really in the size of the potential swings both for and against us that could happen if they do some of the things that have been suggested (i.e. abolish SDLT, apply a mansion tax on property value or levy CGT on our sellers gains (they've been there 25 years and the house is now worth 2.5x what they bought for so if they do that almost certainly the sale will fall through as we couldn't increase to cover that tax and they almost certainly wouldn't sell and just pay it))...

We're ploughing on in the knowledge that even though we've got an offer accepted, we're not in any danger of exchanging ahead of the budget so if needs be we can revisit if necessary.
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