Home is where the 'for sale' sign is.
September 11, 2012 4:02 AM Subscribe
My flat has been on the market forever, and nothing has worked out. Advice and encouragement requested.
posted by Ziggy500 to home & garden (13 answers total)
My flat is a studio in a London burb which has been on the market since February (so, not forever exactly, but it feels like it). It is in good condition, in a nice complex, and other flats nearby exactly like it have been sold recently. It's priced realistically (around the same price as the similar flats got sold for). On the minus side, it's a studio flat, and the lease is about 77 years, so not terribly long.
I've had 3 offers for the flat in that time. 2 were later withdrawn by the prospective buyers (they changed their minds). I accepted the 3rd, and we went quite a ways towards exchange and completion before the buyer backed out with no words of explanation, leaving me completely disheartened and a few hundred pounds in legal fees poorer.
I don't know what to do. It is currently still on the market but I'm not having many viewings requested at all. I think that as we get to winter I'm going to have to take it off the market. I don't think it's good for a property to be on the market forever. It is only listed with 1 estate agent.
I like the flat but do not want to live there for ages longer - I need more space. I am feeling extremely discouraged by the thought of being stuck here for months and months. I am looking for practical advice in how to sell it off quickly. But in the absence of that, anecdotes and words of encouragement would be good too!