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vegplot



Joined: 19 Apr 2007
Posts: 21297
Location: Ynys Môn
PostPosted: Sun Jan 05, 14 1:25 pm    Post subject: Self selling  Reply with quote    

We're at the stage of our straw bale house build where we're going to need some capital to undertake the major works. We have another house which we currently let but that tenant is moving on and we're now have an opportune time to release some funds.

Given the stake of the property market we may well hold on for while but is self selling viable or would we be better entrusting an estate agent? Anyone here done this before?

crofter



Joined: 11 Feb 2007
Posts: 2252

PostPosted: Sun Jan 05, 14 1:49 pm    Post subject: Reply with quote    

Probably not the best time to sell, although that is area dependant to some extent. No chance of a self build mortgage?

Chez



Joined: 13 Aug 2006
Posts: 35904
Location: The Hive of the Uberbee, Quantock Hills, Somerset
PostPosted: Sun Jan 05, 14 2:23 pm    Post subject: Reply with quote    

We tried to self-sell the house in Meifod, with no success. I would say it depends very much on the area. You might do as well putting out word of mouth and a notice in the Post Office if it's a family or couple-type property in a rural area of Wales. In my unqualified and cynical opinion.

Lloyd



Joined: 24 Jan 2005
Posts: 2699

PostPosted: Sun Jan 05, 14 3:26 pm    Post subject: Reply with quote    

And newspaper ads with a photo, and sign outside the house.

Treacodactyl
Downsizer Moderator


Joined: 28 Oct 2004
Posts: 25697
Location: Jumping on the bandwagon of opportunism
PostPosted: Sun Jan 05, 14 4:08 pm    Post subject: Reply with quote    

I think the majority of house sales now via an initial inquiry from one of the main online sites such as Prime Location or Rightmove so I'd be tempted to use one of the DIY sites that charges a smaller fee than an estate agent but lists on the property portals.

When we sold our last house we ended up writing most of the details, taking all the photos and doing the viewings - not much left for the estate agent really especially as the Energy performance cert we paid for separately had a house plan.

This was the first thing that came up when I googled and it seems to cover what I might do: http://www.express.co.uk/finance/personalfinance/346832/DIY-route-can-cut-cost-of-selling-your-home

vegplot



Joined: 19 Apr 2007
Posts: 21297
Location: Ynys Môn
PostPosted: Sun Jan 05, 14 4:30 pm    Post subject: Reply with quote    

Treacodactyl wrote:
I think the majority of house sales now via an initial inquiry from one of the main online sites such as Prime Location or Rightmove so I'd be tempted to use one of the DIY sites that charges a smaller fee than an estate agent but lists on the property portals.

When we sold our last house we ended up writing most of the details, taking all the photos and doing the viewings - not much left for the estate agent really especially as the Energy performance cert we paid for separately had a house plan.

This was the first thing that came up when I googled and it seems to cover what I might do: http://www.express.co.uk/finance/personalfinance/346832/DIY-route-can-cut-cost-of-selling-your-home


Excellent advice. Thank you.

vegplot



Joined: 19 Apr 2007
Posts: 21297
Location: Ynys Môn
PostPosted: Sun Jan 05, 14 4:31 pm    Post subject: Reply with quote    

crofter wrote:
Probably not the best time to sell, although that is area dependant to some extent. No chance of a self build mortgage?


Definitely not the best time to sell. The mortgage isn't an issue, we already have one but not on the house we're selling.

Mistress Rose



Joined: 21 Jul 2011
Posts: 9838

PostPosted: Mon Jan 06, 14 7:25 am    Post subject: Reply with quote    

Might it be better to get a mortgage on the house you are thinking of selling. If you get one that you can stop any time, if you decide to sell in the spring, or at some other good time, there will be no penalty. You might get another tenant, and so pretty well cover the mortgage. Just another option. We used this method to buy our woods until I got the money from the sale of my fathers property.

joanne



Joined: 28 Oct 2004
Posts: 7091
Location: Morecambe, Lancashire
PostPosted: Mon Jan 06, 14 7:53 am    Post subject: Reply with quote    

vegplot wrote:
crofter wrote:
Probably not the best time to sell, although that is area dependant to some extent. No chance of a self build mortgage?


Definitely not the best time to sell. The mortgage isn't an issue, we already have one but not on the house we're selling.


You'd actually be surprised how buoyant the market is - I work for a company that provides a portal for solicitors for all the searches they do and we were extremely busy even in December

Lorrainelovesplants



Joined: 13 Oct 2006
Posts: 6495
Location: Dordogne
PostPosted: Mon Jan 06, 14 9:38 am    Post subject: Reply with quote    

i think the market is starting to pick up, but if you decide to sell you will have to price very realistically.
Would you not try and re-let? There is loads of letting interest right now.

earthyvirgo



Joined: 24 Aug 2007
Posts: 7972
Location: creating prints in the loft, Gerlan
PostPosted: Mon Jan 06, 14 9:41 am    Post subject: Reply with quote    

Lorrainelovesplants wrote:
i think the market is starting to pick up, but if you decide to sell you will have to price very realistically.
Would you not try and re-let? There is loads of letting interest right now.


We are both incredibly busy with our respective businesses and letting can be quite an overhead/burden if you get the wrong tenant.

EV

Nick



Joined: 02 Nov 2004
Posts: 33825
Location: Hereford
PostPosted: Mon Jan 06, 14 10:13 am    Post subject: Reply with quote    

If you find the right letting agent, you don't have to do a thing. Not suggesting it's the right ting to do, but it is an option.

dpack



Joined: 02 Jul 2005
Posts: 34003
Location: yes
PostPosted: Mon Jan 06, 14 1:02 pm    Post subject: Reply with quote    

Nick wrote:
If you find the right letting agent, you don't have to do a thing. Not suggesting it's the right ting to do, but it is an option.


tis what im getting done on behalf of auntie ,i think the cost is about 10% of rental value

Nick



Joined: 02 Nov 2004
Posts: 33825
Location: Hereford
PostPosted: Mon Jan 06, 14 1:22 pm    Post subject: Reply with quote    

I pay between eight and 12.5%, depending on the area, the agent and the service provided.

vegplot



Joined: 19 Apr 2007
Posts: 21297
Location: Ynys Môn
PostPosted: Mon Jan 06, 14 1:34 pm    Post subject: Reply with quote    

joanne wrote:
vegplot wrote:
crofter wrote:
Probably not the best time to sell, although that is area dependant to some extent. No chance of a self build mortgage?


Definitely not the best time to sell. The mortgage isn't an issue, we already have one but not on the house we're selling.


You'd actually be surprised how buoyant the market is - I work for a company that provides a portal for solicitors for all the searches they do and we were extremely busy even in December


We had a look at asking prices in the area over the weekend. It's not as depressed as I thought.

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