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Question about property asking price

2

Comments

  • jackridge
    jackridge Posts: 8 Forumite
    Thanks everyone. I'm in a very small town, not exactly a wealthy area but happy with the area nonetheless. Its very much needing fixed up. The bathroom is horrid and the kitchen is like something from the 70s. I'm prepared to move in and work on it bit by bit though.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
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    Crashy_Time wrote: »
    http://www.dailymail.co.uk/money/comment/article-4855966/VICTORIA-BISCHOFF-Fix-housing-crisis.html
    What's the relevance of that.
  • ProDave
    ProDave Posts: 3,706 Forumite
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    Please do tell us where you can buy a mortgagable property for £40K

    Even up here, a wreck needing total rebuild will cost you more.
  • jackridge
    jackridge Posts: 8 Forumite
    ProDave, I'm up in the southwest of Scotland. Cheap up here in the small villages!
  • davidmcn
    davidmcn Posts: 23,596 Forumite
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    If you're in Scotland, aren't you looking at the Home Report before bothering to view? If so then what was the valuation for this property?
  • sheramber
    sheramber Posts: 19,028 Forumite
    First Anniversary I've been Money Tipped! First Post Name Dropper
    Our house was offers over 152,500.

    Seller advised they were looking for 1755,00

    Our solicitor said he would offer 152,500- this was refused but they said they would accept 155,000.
  • ProDave
    ProDave Posts: 3,706 Forumite
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    jackridge wrote: »
    ProDave, I'm up in the southwest of Scotland. Cheap up here in the small villages!
    Wow there are some cheap properties there. I just looked at a 1 bed flat advertised for OO £15K, and £15K under home report value, so the HR value must have been £30K

    Be aware some of those cheap properties have very poor EPC ratings. e.g E or F and you can no longer let such a poor property. these are no doubt being offloaded by landlords unable to continue letting them.

    The Home report value is what they will be hoping for, advertising it lower is to try and get interest.
  • Marvel1
    Marvel1 Posts: 7,171 Forumite
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    It's certainly annoying and time wasting, why not just advertise offers over £40K an over!!
  • cr1mson
    cr1mson Posts: 883 Forumite
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    If you are in Scotland it is quite common for properties to go well above their asking price and often their Home Report value in some areas. A local solicitor can usually advise.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    First Anniversary First Post Name Dropper
    ukcarper wrote: »
    What's the relevance of that.


    The clue is in the OP.
This discussion has been closed.
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