I am on a right downer my house has been on the market ages I have dropped the price and had viewers since I have dropped. 3 offers and 3 pulled out one after the other one buyer could only go to a fixed price and I excepted that, For him to then say sorry not for us next day.
This is so frustrating my stress levels are going through the BL...Y Roof. to see a sold sign up then down makes it really painful,
How much positive thinking can 1 person do,I just wish buyers would think about what they are doing before they fall in love with someones home make offer and build up hope to pull them away again,
Rant over just needed somewhere to post my feelings.
My house has been on the market for ages too, and we're now sold subject to contract, but have all fingers and toes crossed that it all goes through. Our agent has told us that in that area lots of sales are going wrong, and he can ony guess that it's because people think they may be missing a better deal elsewhere.
Good luck for the future!
**Accept that some days you are the pigeon and some days you are the statue.**
Originally posted by sweet40: I am on a right downer my house has been on the market ages I have dropped the price and had viewers since I have dropped. 3 offers and 3 pulled out one after the other one buyer could only go to a fixed price and I excepted that, For him to then say sorry not for us next day.
This is so frustrating my stress levels are going through the BL...Y Roof. to see a sold sign up then down makes it really painful,
How much positive thinking can 1 person do,I just wish buyers would think about what they are doing before they fall in love with someones home make offer and build up hope to pull them away again,
Rant over just needed somewhere to post my feelings.
Took me 10 mths to sell my property in the boom days of '03-'04 and was quite frustrating....However I consider I was very lucky to get 95% asking.
Todays market is a heck of a lot tougher for sellers. People are much more cautious about taking on large amounts of debt and the large number of properties means they are more willing to pitch low offers.
I have a feeling things aren't going to get better soon either.....Good luck
You've made the same fundamental error that I did - assuming that other people act with the same honourable intention that you do!
My house was on (all told to completion) for 17 months with 3 'offers' that started to proceed but fell through with varying degrees of speed - the 4th offer did complete and the buyer was absolutely straight with us. It's soul destroying but I found that once you harden up and treat visits and offers with a degree of cynicism it helps to protect you.
I too asked myself, why put an offer in without checking finance/being sure of what you want/having sold your own home? I think if we're looking for a cause it is because you can do this in this country with no risk of financial penalty for the 'buyer'. However, until you have been the one to be let down, the impact of these 'offers' can't be understood, it is way more than just thinking 'oh hey ho, let's find someone else'. there's a bit of you that just want's to get hold of the person who offered and explain the impact that they have made on your life! But, here in lies the crux of the issue, you have no legal 'right' of re-dress and as your house is treated as any other commodity, the impact on you as an individual isn't appreciated either - it's not about you, it's about your house. It makes me
Todays market is a heck of a lot tougher for sellers. People are much more cautious about taking on large amounts of debt and the large number of properties means they are more willing to pitch low offers
But Sweet isn't lamenting low offers s/he is complaining about people who offer first and think later!
I think there is a certain attitude that it's ok to treat sellers badly and muck them around because house prices are high!
Todays market is a heck of a lot tougher for sellers. People are much more cautious about taking on large amounts of debt and the large number of properties means they are more willing to pitch low offers
But Sweet isn't lamenting low offers s/he is complaining about people who offer first and think later!
I think there is a certain attitude that it's ok to treat sellers badly and muck them around because house prices are high!
Yes I agree. People get caught up in the L*3 mentality and go out doing house viewings and make offers before actually considering what they are really getting into. Those that have thought about it are the ones putting in the low offers.
the problem where i live is that if you dont put in a quick offer, then you risk missing out on the property. Therefore it is common for people to make an offer and then think it through later just to ensure they don't miss the boat.
Could it be a case of this in your instance?
I am a laydee- not a sleazy Italian- despite my nickname!
quote: Todays market is a heck of a lot tougher for sellers. People are much more cautious about taking on large amounts of debt and the large number of properties means they are more willing to pitch low offers
But Sweet isn't lamenting low offers s/he is complaining about people who offer first and think later!
I think there is a certain attitude that it's ok to treat sellers badly and muck them around because house prices are high!
Yes I agree. People get caught up in the L*3 mentality and go out doing house viewings and make offers before actually considering what they are really getting into. Those that have thought about it are the ones putting in the low offers. Posts: 11
without wishing to be pedantic, I think you are really missing the point here - Sweet made no comment on the value of the offers made - they may very well have been low. The issue here is intention to proceed at any price. If you are saying that low offers are more likely to proceed then this is bull - you have no basis from which to make this point and certainly no evidence from Sweet's post that this is what ahs happened. If anything my own anecdotal evidence is contrary - I had two low offers that 'disappeared' as they were made without much forethought as they were speculative and hoping to bag a bargain. My final, sincere offer was slightly shy of an increased asking price and proceeded as the buyer really wanted the house.
Must you always bring everything back to your desire to see house prices go down however tenuous the link?
You poor thing. I can totally sympathise as I am in exactly the same position as you. We've been for sale since October 04, priced ourselves low to start with, have reduced our price by 5% since & have had plenty of offers that have been at or around the asking price. They've all fallen through though, mostly due to FTBs loving the house & deciding later that they can't afford the mortgage & pulling out.
Soul Destroying, isn't it!
The only thing to take consolation from I suppose is that at least you're getting offers, which means it must be a well priced attractive house.
without wishing to be pedantic, I think you are really missing the point here - Sweet made no comment on the value of the offers made - they may very well have been low. The issue here is intention to proceed at any price. If you are saying that low offers are more likely to proceed then this is bull - you have no basis from which to make this point and certainly no evidence from Sweet's post that this is what ahs happened. If anything my own anecdotal evidence is contrary - I had two low offers that 'disappeared' as they were made without much forethought as they were speculative and hoping to bag a bargain. My final, sincere offer was slightly shy of an increased asking price and proceeded as the buyer really wanted the house.
Must you always bring everything back to your desire to see house prices go down however tenuous the link?
I'm mearly expressing a viewpoint....I admit my point may be slightly an asisde to the original point made but not so much so to warrant correcting twice. So yes I do think you are being somewhat pedantic.
Many Thanks for you replies I really was having a rant, I am on multi agents and have 2 offers on the table but they can't sell their property's, I was really p..... off with the 3rd buyer because he came round with tape measure and his partner and they were going on about doing this and doing that and what they loved and everything else. Makes offer then tells agent sorry not for us. I would not dream off going to view someones house and do something as nasty as that I would think long and hard before doing such a thing, As putting in an offer
The thing that I have done wrong I think is be stright with buyers and let them know that I am Emigrating, You see I have a Brother that was adopted at birth who found me 3 years ago, Which was such a shock as you could imagine so I went and paid a visit, And the ball started rolling and its been a few years of struggle to get Visa's ect. And the house sale is the only thing holding me back.
BUT I WILL GET OUT THERE. After all it is so important to me to spend the rest off my life with a Brother that I miss so much.
And I thing I should just tell viewers that we are moving with Hubbys Job or something what do you think???????????????
And I thing I should just tell viewers that we are moving with Hubbys Job or something what do you think???????????????
I am not sure what difference you think that would make? I wouldn't get involved in an intricate discussion about it with a buyer. (As you have found out through bitter experience you won't see half these people ever again anyway.) Just say you are going to live nearer your brother. If a sale progresses and there is a particular reason to tell them you're emigrating, like the timescale involved, give them more details at that point. I would only reveal personal details on a 'need to know' basis.
You could mention you're emmigrating but this might encourage people to make lower offers because they know you're desperate (please before anyone starts yelling at me for bringing up price, most people have a minimum they can afford to accept for their property and Sweet hasn't said whether the house is priced anywhere near her minimum so in theory my point is valid OK???!)
I emmigrated to the US in April and had to leave my property on the market (in theory I could afford to as I am renting in the US so don't need to capital from my own sale to buy something here) and I am now SSTC with Buyer No. 4. It is soul destroying but all my previous bidders knew the situation and that I needed to sell quickly and it didn't make a blind bit of difference. Unfortunately as ReenyMc said not all people have the same comprehension of what's decent and what's not during property transactions so I doubt them knowing you were trying to move to be near family you had been parted from for years would spur them into doing the right thing and following through!
All I can say is hang in there....there are buyers around (with the money to back their offers!) and one will come along soon.
Originally posted by sweet40: The thing that I have done wrong I think is be stright with buyers and let them know that I am Emigrating
Best to appear keen to move but not desperate.
I don't think you are doing anything 'wrong'. You are getting viewings and gettings offers sounds like you've got it mostly right.
Just because someone changes their mind doesn't make them nasty...bit confused maybe.
Try digging a bit into the chains behind those other offers on the table....see how proceedable those within it are...If there's a single sticky point within it consider incentivising in return for rapid exchange.
Once again thank-you for you replies, I will take you advice on board and keep you posted. I have not posted here much and not to sure how to do the quote bit.
So I will reply to BLToptinout, I never said the buyer was Nasty I said I would not do something that nasty, (Sorry). What I am trying to understand is why people do this, I find it hard to get my head round it. I need some PMA it will happen it will happen it will happen.
Thanks Again all you lovely people for your posts.
Whilst I sympathise with the predicament you are in. Unfortunately, your stuck in the rutt of the market conditions.
We cannot think summer 2004 - the market nowadays is a lot different.
The reason why buyers who genuinely make offers, but do not proceed, is to do with both market condition and pricing. You cannot criticise a buyer who cannot complete because funds are not in place any more than a buyer who cannot sell their property.
The financing of the purchase is key. If the houses were more affordable, there would be a bigger market for prospective buyers. Unfortunately, the crazy pricing structures today mean your buyers are few and far between.
You cannot criticise a buyer who cannot complete because funds are not in place any more than a buyer who cannot sell their property.
You can if they make offers knowing they can't afford the property! Or without even checking whether they're able to get an AIP on a mortgage. Not being able to sell your property is one thing....whimsically offering on properties here there and everywhere when you haven't got finances in place is quite another.
Originally posted by Simulcra: Whilst I sympathise with the predicament you are in. Unfortunately, your stuck in the rutt of the market conditions.
We cannot think summer 2004 - the market nowadays is a lot different.
The reason why buyers who genuinely make offers, but do not proceed, is to do with both market condition and pricing. You cannot criticise a buyer who cannot complete because funds are not in place any more than a buyer who cannot sell their property.
The financing of the purchase is key. If the houses were more affordable, there would be a bigger market for prospective buyers. Unfortunately, the crazy pricing structures today mean your buyers are few and far between.
What a load of tosh, so you are saying a 'buyer' that has not sold their own property or a someone that has not confirmed whether they can even afford the property is justified in making an offer because house prices are too high!!!
"The greatest trick the Devil played, was convincing us all that he did not exist"
doesnt make it any easier though.
