Cozza Posted October 29, 2010 Share Posted October 29, 2010 I would like to announce that today we have finally exchanged on the sale of our flat in S London! Whilst the flat is beautiful on the inside, the surrounding area is poor, with a black unemployed demographic. We asked several local estate agents to value the place prior to putting it on the market and we were astounded (albeit flattered) when they priced it way higher than expected. Decided to forego the loathable agents and whacked it up on House Network (www.housenetwork.co.uk) instead at 15K less than advised. Within three weeks, we got 10 viewings and a bidding war between two purchasers, one of which was a cash purchaser thanks to the BOMAD. We settled on £8K over asking and now it's a done deal. Moving into rental in a much nicer area on a road which we could not even dream of buying down. I suspect we've been very lucky (for once). Quote Link to comment Share on other sites More sharing options...
Solitaire Posted October 29, 2010 Share Posted October 29, 2010 I suspect we've been very lucky (for once). That's nice to hear, congrats and well done. Quote Link to comment Share on other sites More sharing options...
Bosh Posted October 29, 2010 Share Posted October 29, 2010 Well done Cozza... Enjoy. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted October 29, 2010 Share Posted October 29, 2010 Sale was £7k less than the valuation. How much you reckon you saved by cutting out the traditional agents? Quote Link to comment Share on other sites More sharing options...
STRboomer07 Posted October 29, 2010 Share Posted October 29, 2010 I would like to announce that today we have finally exchanged on the sale of our flat in S London! Whilst the flat is beautiful on the inside, the surrounding area is poor, with a black unemployed demographic. We asked several local estate agents to value the place prior to putting it on the market and we were astounded (albeit flattered) when they priced it way higher than expected. Decided to forego the loathable agents and whacked it up on House Network (www.housenetwork.co.uk) instead at 15K less than advised. Within three weeks, we got 10 viewings and a bidding war between two purchasers, one of which was a cash purchaser thanks to the BOMAD. We settled on £8K over asking and now it's a done deal. Moving into rental in a much nicer area on a road which we could not even dream of buying down. I suspect we've been very lucky (for once). Congratulations, Agree with you, nothing wrong with renting in the current climate, and a very flexible position to be in. Well done. Quote Link to comment Share on other sites More sharing options...
MattW Posted October 29, 2010 Share Posted October 29, 2010 Yay, another STR-er. Well done and all the best! Quote Link to comment Share on other sites More sharing options...
cardiffone Posted October 30, 2010 Share Posted October 30, 2010 I would like to announce that today we have finally exchanged on the sale of our flat in S London! Whilst the flat is beautiful on the inside, the surrounding area is poor, with a black unemployed demographic. We asked several local estate agents to value the place prior to putting it on the market and we were astounded (albeit flattered) when they priced it way higher than expected. Decided to forego the loathable agents and whacked it up on House Network (www.housenetwork.co.uk) instead at 15K less than advised. Within three weeks, we got 10 viewings and a bidding war between two purchasers, one of which was a cash purchaser thanks to the BOMAD. We settled on £8K over asking and now it's a done deal. Moving into rental in a much nicer area on a road which we could not even dream of buying down. I suspect we've been very lucky (for once). until you you have to move, because you're renting and its not your house so you have no control over what happens next.... Quote Link to comment Share on other sites More sharing options...
erranta Posted October 30, 2010 Share Posted October 30, 2010 Sale was £7k less than the valuation. How much you reckon you saved by cutting out the traditional agents? And you've been on this website over 3 years! So you're an EA then? Quote Link to comment Share on other sites More sharing options...
Confounded Posted November 1, 2010 Share Posted November 1, 2010 Sale was £7k less than the valuation. How much you reckon you saved by cutting out the traditional agents? I sold my house using House Network back in spring 2007, when I had the estate agent came round they asked me how much I though it was worth and they agreed. Their opening quote was 3%, when they rang back to ask if we would go with them I said we would not because they were too expensive, they just left it at that! I got a good price around 2% below asking price. Some people rejected the house as too expensive so think I priced it OK but it is one of those things we will never know. The main thin is it cost me £500 pound all in and the service was excellent. Quote Link to comment Share on other sites More sharing options...
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