Should I Sell

[Ric.ror]

House is up for 237k reduced from 250k
I’ve been offered 220
It’s been on sale since end of September and I reduced it in November
Should I accept it?

[albaqwerty]

only you can decide that Ric, depends on what you're happy with.
Do you want a quick sale?
If so, accept the 220, alternatively suggest to lawyer that the offer is too low and closer to 230 would be better.

[Tilly2]

I think £17000 under the current price is too low. See if you can get them to offer more, Ric.

[Ric.ror]

I don’t NEED a quick sale- obviously it would be nice but should I hang on for another 10k
It’s tricky

[Ric.ror]

No she has said it’s her best and final - it’s all she can go too

[Tilly2]

Then why is she looking for a house priced at £237000?

[pastafreak]

What have other similar houses in your area sold for? Use that as a guide. If you go to a site like zoopla, you can see recent sales.

[pastafreak]

Does she know it's already been reduced?

[albaqwerty]

you don't need a quick sale, then hang on in there Ric !

[hereIam]

I personally think that's too low, but if you are in a hurry to sell it may be necessary to let it go that low. Are you in a hurry?

[Ric.ror]

Keep your help coming in
I am really really grateful (as usual) for all your help

[Patsy33]

Hang on till at least Spring when sales are usually better. Good luck!

[Garaman]

It is about 7% below asking price, which is about average for the country. It depends whether 237K or 250K was the fairer asking price. If you thought 250K was reasonable I would hold on a bit.

[taichiperson]

I'd hold out for more if a quick sale is not important.

BTW re time of year - is Spring a good time to be selling, or any other time?

[Hopkirk]

Of course she says it's her best and final offer.

Send the message that the lowest you can go to is 230.

Hope to settle on 225.

[anneasquith]

Take a chance, wait for spring .

[Prudie]

I know you've asked about this sale before and as others have said wait if you're not in a hurry but with one proviso - have estate agents told you 237 is a fair price? If it's overpriced it's not going to sell anyway until the market inflates it to that price so you could be waiting a long time.

[Ric.ror]

Hi Prudie
The estate agents initially put it up for £250 expecting anything from £237-250. As I’m not in a hurry I’m not going to accept.

[Hopkirk]

She'll be back with another offer.

[mikey4444]

The price that you have put the house up for sale, is not an absolute. There is no absolutes with house prices.

A house is worth whatever the person buying it, thinks it is !

Its what you and the Estate Agent have agreed that its worth. If you don't need the money desperately, then hang on for your asking price.

[Ric.ror]

I’ve got them up to 230 (eventually)