Cappuccino said:House selling is terrible. We've had to drop the price from £137,950 to £129,950 (now fully £15,000 less than we paid for it!) just to get our first proper viewing. We've also offered to include the white goods in the kitchen (since we won't need them) and pay the stamp duty on the sale.
Hoping we can at least have an offer in place by the time we land at the end of August. But just so damn annoying, last year our house was valued £140,000 to £145,000!! The reason we didn't sell then was because we had 1 year left to run on our fixed rate mortgage and didn't want to pay the £5,000 penalty - but now that mortgage provider (Northern Rock) is writing to customers saying they are waiving the penalty for early redemption. Why couldn't they do that last year??? Thankfully we have saved up our settlement funds separately to our house equity, so we have enough bank funds to land anyway, but the equity loss is very annoying. Ah well, it's only moneyOnce we get to Canada rent will be cheap so we can save up for a decent house deposit over a few years.
Wayne.
Well Wayne, I can tell you one thing after having 18 years of experience in Construction Industry and experience of three booms and two busts - A value of house is what someone is ready to pay for it. So if someone has given you an offer even if it is below your expectation or you have to take a hit, i suggest you signing up with the first guy who gives you an offer. A bird in hand is worth two in the bush and so on.