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Trying to Move House/Flat

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Mrs Jigs (Luverlylegs) 2 May 8:26pm, 2 May 2025 55,202 posts	Quote Pin Mrs Jigs (Luverlylegs) ChrisHB wrote:Our agent is nw advising a price drop of another £50,000 following two of £25,000. I don't know how to begin to think about that but my wife is treating it as water off a duck's back, just as I did the earlier two. Planning to view 5-6 houses on Tuesday & Wednesday next week. That sounds a big cut ChrisHB
Fenland Flier 2 May 10:14pm, 2 May 2025 14,097 posts	Quote Pin Fenland Flier Ruddy heck @ChrisHB that's an awful lot to reduce the property by. Did you get several valuations? Were they all ballpark? Did this agent overprice and promise the earth? Is it worth considering changing agents?
jennywren 2 May 10:21pm, 2 May 2025 18,030 posts	Quote Pin jennywren How much?? Blimey
ChrisHB 2 May 10:25pm, 2 May 2025 23,527 posts	Quote Pin ChrisHB Yes, three at 725, 750 & 800. I was shocked when he said 800 but he provided evidence for why it was a fair price. Also an identical house next door but with no work done on it for decades went for 750 a couple of years ago. Compared with them we have a new drive, converted garage and solar, so it was easy to imagine that that plus two years might add 50 to the value. We chose the agent on the basis that friends recommended that one and because they were asking for less commission than the others.
Lizzie W 2 May 10:46pm, 2 May 2025 28,906 posts	Quote Pin Lizzie W Mine (parents')was valued at 750 minimum in August (before they died), on the market for 700 in January, sold for 610 😭 Busy filling the forms in, funnily enough I don't know where the meters & stopcock are...
Fenland Flier 2 May 11:45pm, 2 May 2025 14,099 posts	Quote Pin Fenland Flier ChrisHB wrote:Yes, three at 725, 750 & 800. I was shocked when he said 800 but he provided evidence for why it was a fair price. Also an identical house next door but with no work done on it for decades went for 750 a couple of years ago. Compared with them we have a new drive, converted garage and solar, so it was easy to imagine that that plus two years might add 50 to the value. We chose the agent on the basis that friends recommended that one and because they were asking for less commission than the others. If the agent was so convinced and you don't mind waiting stick with it and hold out, tell them what they initially quoted and provided evidence for. Those that wanted to move before the stamp duty increase have done so, anyone else now I presume don't have issues and will be looking as normal. Hold out if you have the time and see what happens, reduce if you don't have the time and need to move. Wishing you the best of luck.
ChrisHB 3 May 10:21am, 3 May 2025 23,528 posts	Quote Pin ChrisHB Interesting approach, @Fenland Flier We are seeing most of the houses we're interested in dropping in price. Yours is also a good thing to remember @Lizzie W At least we don't need the money in any way.
♪♫ Synge ♪♫ 3 May 2:24pm, 3 May 2025 53,838 posts	Quote Pin ♪♫ Synge ♪♫ ChrisHB wrote:We are seeing most of the houses we're interested in dropping in price. Same here. As for selling, we are on at 10% below the Zoopla estimate for our house. I am not convinced that sites like Zoopla are really aligned with reality (which, here in the South West, is that actual average sale prices have not increased at all over the last two years). Whether agents realise that yet, who knows?
ChrisHB 6 May 2:47pm, 6 May 2025 23,538 posts	Quote Pin ChrisHB Looking at houses again today. The most expensive is 50%-100% larger than we need and far nicer than we are the sort of people to want, also needing no kind of work doing to it. The others need work doing on them which would bring their total price up into the same range, and would still not have the space or the comfort or the views or the garden. This is a ridiculous situation.
LindsD 6 May 3:00pm, 6 May 2025 73,990 posts	Quote Pin LindsD That's annoying