Housing Market

verbalkint · **Joined:** Thu Dec 20, 2007 9:08 pm **Posts:** 3135

Is anyone on here trying to sell a house ?

I have had a house on the market for over a year now and a few month ago i got a offer which i accepted, after a few month of legal carry ons the contracts where ready to sign and the people pulled out dropping me right in the shit

It went back on the market at the same price and i no the market has cooled down and was willing to drop it if a reasonable offer was made.

I got another viewing and got a offer the next day £115,000 less than asking price

Now i am stuck with 2 house"s and 2 mortages and no light at the end of the tunnel banghead

Matty_Robson's_Chin · **Joined:** Tue Mar 13, 2007 12:57 pm **Posts:** 2155

verbalkint wrote:

Is anyone on here trying to sell a house ?

I have had a house on the market for over a year now and a few month ago i got a offer which i accepted, after a few month of legal carry ons the contracts where ready to sign and the people pulled out dropping me right in the shiit

It went back on the market at the same price and i no the market has cooled down and was willing to drop it if a reasonable offer was made.

I got another viewing and got a offer the next day £115,000 less than asking price

Now i am stuck with 2 house"s and 2 mortages and no light at the end of the tunnel banghead

£115,000 less than the asking price?!?!?

How much is the house worth like?

verbalkint · **Joined:** Thu Dec 20, 2007 9:08 pm **Posts:** 3135

£650,000

Matty_Robson's_Chin · **Joined:** Tue Mar 13, 2007 12:57 pm **Posts:** 2155

Jeez maybe not worth taking the drop in the £115k then, need to cover your own costs!

Loid Haw-Haw of Sussex · **Posted:** Fri Apr 18, 2008 5:41 pm

What in pools ? never :shock:

verbalkint wrote:

£650,000

verbalkint · **Joined:** Thu Dec 20, 2007 9:08 pm **Posts:** 3135

i no just think of all the caravans you could buy with that :wink:

Spender · **Posted:** Fri Apr 18, 2008 5:47 pm

If you're paying a mortgage on a 650,000K house, plus one other, you surely don't need to worry about a drop of 115K......

verbalkint · **Joined:** Thu Dec 20, 2007 9:08 pm **Posts:** 3135

I built the house to sell so if i drop that much that is a big chunk of the profit gone

Spender · **Posted:** Fri Apr 18, 2008 5:53 pm

Ah well, as long as you aren't losing cost, I'd take it and bolt. :wink:

Better in the bank at the moment.

verbalkint · **Joined:** Thu Dec 20, 2007 9:08 pm **Posts:** 3135

with all the sweat and blood ive put into it working weekends and nights and even missing pools for a season i think i will have to sit on it for a bit in the hope pools might sign somone like kevin phillips next season and he will want a nice house :wink:

grabec · **Posted:** Fri Apr 18, 2008 5:59 pm

Last time we moved, we sold up first and then rented for a while in our 'new' town while we looked around for a house. We had to put stuff in storage for a while but it still reduced the stress levels considerably.

Loid Haw-Haw of Sussex · **Posted:** Fri Apr 18, 2008 6:19 pm

Anyone think there will be a crash ever ?

Like the early nineties

Mister Ed · **Posted:** Fri Apr 18, 2008 6:46 pm

just dropped the price of my hiouse 10500, not a sniff!

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22649

Fact is that you're not really dropping it £115k are you. Your original asking price was an assumption on where the market was but the estimate was wrong. Anything, not just houses are worth only what the market will pay, so if you can only get (only :shock:

) £545'000 then thats what its worth.

katcha · **Posted:** Fri Apr 18, 2008 9:28 pm

good bit of graft there mind

mate did it in wynyard sold it last summer - good profit

takes nuts to do

try and stick it out and get some good exec rent in it.

verbalkint · **Joined:** Thu Dec 20, 2007 9:08 pm **Posts:** 3135

its not that it is a massive struggle to pay for both houses chip it just means having to make a changes to how we used to be, as long i can still get out for a few pints and a few trips away to watch pools im happy

Katcha was your mate who done it a Wynyard a Hartlepool lad ?

Gonna look into renting it out but the local agents dont really do exec housing rental, any ideas of any people who do ?

HUFCWop · **Joined:** Tue May 22, 2007 7:30 am **Posts:** 373

Plenty of websites that offer advertising for letting property. fish4.com or rightmove.com etc might be a better bet
Good luck selling it, personally I'd stick to your guns too especially if it can be rented out to cover the mortgage. The value will only increase with time if you can afford to wait.

P.M.T. · **Joined:** Mon Jul 02, 2007 2:14 pm **Posts:** 968

verbalkint wrote:

£650,000

I didn't know anybody lived in the town hall

Montpoolier · **Posted:** Sat Apr 19, 2008 11:42 am

Looking at house prices everywhere I just don't see how they are sustainable. There simply wouldn't be enough money to lend to everyone who wanted to buy, apart from which fewer and fewer people could afford the repayments.
I may be wrong but it seems to me these days that house purchasing represents a far bigger chunk of the average wage packet than it did say 20 years a ago.
Sorry to be pessimistic like. All you can do is hang tight until the economic situation is back in your favour and hope you manage to rent it out while waiting.

Housing Market

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