Monday, 05 October 2020
We had connections with the Agent over 5 years during which time we both had it For Sale and To Let [not always via this Agent]. It was difficult to find a market value due to the nature and position of the property - Listed Grade II and without direct vehicle access - the latter constantly being given as a reason not to buy. However, that didn't deter tenants! Valuation was set at a premium initially but reductions over a three year period generated greater interest, not surprisingly. Ironically, lock-down worked in our favour and produced a flurry of viewings leading to a sale.
On balance, we feel the initial advice as to the asking price was optimistic as the property eventually sold for &pound;50,000 less. Would it have sold quicker if the opening valuation were more realistic???? In addition, we were renting property elsewhere and have spent a similar amount on rent so the total cost was &pound;100,000 - partly offset by rental income gained over some of the last four years.
Brian and his team were consistently optimistic in their handling of the property but significant praise also goes to Pam on the Admin side who showed a dogged determination and relentless good humour in chasing the offer through to completion on our behalf particularly when handling enquiries from the extremely diligent solicitor acting on behalf of the purchasers. Thank you, Pam!