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madmonk

Was I too cheap

Put the flat on the market at 11.00 monday, had a visit monday night, had an offer tuesday morning a few hundred short of asking price, SOLD. Thank goodness for that I can now go back to being untidy. Laughing
Tay

Wow! Well done. We had a similar thing happen when we sold our flat - it went on the market at 10am one morning, guy saw it an hour later, made an appointment, visited the following day, then made an offer. It must just be something about flats.
Jonnyboy

How many valuations did you get first?
jema

When we sold last it went within hours at asking price, we got two valuation and went for the much higher price suggested.
I think it shows you need to be very careful and realize that the estate agents would rather have a quick sale for no work Sad
madmonk

Jonnyboy wrote:
How many valuations did you get first?


This valuation was right on par for what we expected, one was ridiculously high but this agent is renowned for this, the other was a bit lower, the lower one was 4k below the higher one 10k over, we feel we have made a decent profit in the two years we have been here, it was only a stopgap till we move to France, we were originaly going to rent but it turned out that if you do an interest only mortgage over a short term your monthly payments worked out quite a bit less than renting, plus as it turned out a profit as well.
Bernie66

Its sold mate, be happy. just think if you had been sitting awaiting a sale in 6 months time having had to drop the price a few times to get it.
Tinks

I used to buy and sell property for an investment fund a few years ago. Thing is, vendors would be suspicious of a quick sale or annoyed with a slow sale.

A property only has a value if someone wants it at the price and in the timescale you want it sold. Nothing on earth can make a person buy a house at any prce if they don't want it!

In Europe (mallorca to be precise) the fee is 10%. Remember that the agent himself will only get a fraction of your fee, the company make the biggest cut. A tricky chain can take hours and hours of work on the phone, viewings, letters and so forth so the couple of hundred or so quid the actual agent gets is a bloody pittance tbh.

Sorry, rant over! I used to work 60 hours a week in property, no overtime pay, even if you had to stand around in the dark or cold for viewers who were half an hour late and you never get a thank you Crying or Very sad
Mr BlueSky

Well done MM. Glad to hear the flat sold quickly. I hope it all goes smoothly with the sale and hope to see you out here again soon!

S
madmonk

Cheers mate, can't wait especially as the weather is getting better, when we were over last week I said to my son "listen" he said I can't hear anything I said exactly great isn't it? Laughing
Tay

Laughing You won't say the same when the frogs and crickets start. They can be noisy little b*ggers!
lottie

Re: Was I too cheap

madmonk wrote:
Put the flat on the market at 11.00 monday, had a visit monday night, had an offer tuesday morning a few hundred short of asking price, SOLD. Thank goodness for that I can now go back to being untidy. Laughing


lucky you! we have had our house for sale since last july---had one sale which fell through---we took out a mortgage [1.5 years ago]on this place to buy our place in wales which we are desperate to move to---we are prepared to accept the mortgage valuation from 1.5 years ago on this place and we still can't sell it-----just heard from the estate agents that the latest viewers aren't interested -----may be reduced to buying lottery tickets Laughing Laughing Laughing
madmonk

Lottie I am sending you some of my luck by thought transfer, but buy a lottery ticket just in case Laughing Good luck.
Mr BlueSky

Tay wrote:
Laughing You won't say the same when the frogs and crickets start. They can be noisy little b*ggers!


I love the sound of the crickets. We don't have frogs (that I know of) but the toads are noisy here at night throughout the year. I like to hear them too. I think that the only thing which interupts our peace and quiet here is the odd tractor and that isn't a bad thing. Maybe we will stay in France after all Smile
Tay

Were you thinking of leaving then?
jamsam

my sister did surprisingly the same thing last week..you arent her are you madmonk???
madmonk

jamsam wrote:
my sister did surprisingly the same thing last week..you arent her are you madmonk???


No I'm not cut out for that job Laughing Laughing
dpack

instant sale shreaks" bargain" and "shifted it easily " at the same time .
nice one
numbers are just numbers
pricey

Bernie66 wrote:
Its sold mate, be happy. just think if you had been sitting awaiting a sale in 6 months time having had to drop the price a few times to get it.


Tell me about it, that is what happened to us. 2 years it took, till yesterday.

Well done madmonk. Great feeling isn't it.
Tay

Pricey - if you've sold your house, does this mean that you're off to Portugal now?

Well done re: selling your house at last! Very Happy
pricey

Tay wrote:
Pricey - if you've sold your house, does this mean that you're off to Portugal now?

Well done re: selling your house at last! Very Happy


Thanks Tay, with regards to Portugal, see thread in Trading post Laughing
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