Selling a house

Not sure how they can justify such a big difference in price other than a fancy name. My cousin sold a 1.5 bed (2nd bed just big enough for a single bed) flat near Bounds Green tube early 2000s and bought a 5 bed house in a nice village in North Yorks.
 
Not sure how they can justify such a big difference in price other than a fancy name. My cousin sold a 1.5 bed (2nd bed just big enough for a single bed) flat near Bounds Green tube early 2000s and bought a 5 bed house in a nice village in North Yorks.

Someone has said they optimistically hope to find a mug willing to pay for it in order to justify the high commission charge. If, as is likely, that they won’t sell it then they’ll bring the fee down etc.

I’m not happy with the service so I’m going to go with the agents who were excellent from the first moment. Very warm and personable.
 
First thing I always do when buying a house and I have bought a few, is am I likely to get my money back when I sell. It may sound obvious but the cheapest house in the area is likely to retain its value more than the most expensive as some one else has already made the profit on the most expensive ones. Then I look at obviously cost first, then how long as it been on the market. My current house started at £1.25m but stuck. They reduced it down to £1,150,000 and a couple of months later I made an offer of £950,000. I always buy before I sell so it puts me in a strong position and it doesn’t then affect my business working from home.Now obviously the couple selling thought I was taking the piss but when I gave them the costings ( through the Agent) of £300k to turn it in to a £1.25m house they could see where I was coming from. It would never go higher than that value for the area. I was prepared to walk away with a take it or leave it non negotiable offer. The work has now been done and in normal times it’s now worth what my calculations said it would be. So the moral of the story is don’t over pay if work needs doing because you won't get it back when you subsequently sell. If your in it for the money you will make a lot more money on 10 £100000 terraced houses than 1 £1m pound mansion.
 
It’s a first solo buy here for me. I had problems in houseshares so we cobbled together as a family and bought our terrace in East London. It’s now worth over three times what we paid for it. We get our cut each and I can cash buy elsewhere. Houses are pennies in Welsh towns and the North East. I ideally need somewhere near an airport as I travel a lot.
 
We received the asking price for the house yesterday. Seven viewings in total and three offers. Thanks to everyone for their help and advice. I just hope it goes through.

Sounds very promising, hope it all works out for you. My advice would be do not rush into buying, as it sounds like the next place you're buying is going to be your long-term move. There is no harm in signing a 6 month contract at a half decent rental property in the meantime, and see what the market is saying in the new year. My hunch would be house prices will go down in 2021, but it's currently hard to predict.
 
We received the asking price for the house yesterday. Seven viewings in total and three offers. Thanks to everyone for their help and advice. I just hope it goes through.
Having been there several times you haven’t got a penny until you complete.
The buyers can still screw you over up to exchange,
 
Absolutely. They’re first time buyers and have a mortgage deal in place for the amount it’s up for. You could tell they were delighted with the house and they rang the agent to offer the asking price 30 seconds after leaving.

My mum owns two thirds of the house and is making something like £100,000 profit. The poor woman struggled for years so it’s great to see her get a boost. I can’t wait to leave London.
 

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