What offer would you make?

namratasnv

SimonMrGreenWard wrote: »

Offer what you think it's worth. In reality, there is so much competition from agents to get properties on that they nearly always come on overpriced. 22 week tie-in with some agents, so they've got plenty of time to get the price down and still get paid.

Naff all competition for the property on the market.

Market will dictate price. I know people who want top money for their property and just won't move unless they can get it, so you're likely wasting your time.

The last lines that you have posted here are right as, no doubt it is actually a time wasting and will not give you much.

mufi

Fay wrote: »

We viewed 8 houses yesterday and really liked one We knew from net house prices that the house was brought last March for 275k and the vendor openly told us this and that she has spent 50k on it (we don't think it is that much to be honest) and that she wants at least 355 to 360 from it.


The compromises with this property for us compared to others we have seen: 3 smallish bedrooms (could do a loft conversion to add a 4th, but obviously will cost), bathroom is tiny with a seperate toilet and to do the stairs for the loft the bathroom would need to be made bigger and the toilet moved into it, north facing garden that is smaller than what we have seen else where, extension looks like it might need a new roof in the next few years (not done by current vendor)-actually apply that to the house.

Sorry, and I know I haven't physically viewed this wonder-house, but your description of the compromises and the work that needs doing, combined with a price hike of £80-£85,000 since March 2009, leave me utterly baffled as to why you are interested in it.

poppysarah

lossofbargain wrote: »

why do people look at a house and say they cant afford it. would you go to a showroom for a ferrari and get it 20% below.

Because when a house has been on the market for 3 years at the same price and not sold, it means the price is too high.

Chinkle

If the info you have given us is corrrect, unless you really want the house and are prepared to pay over the odds I would forget this one. It has just come to the market and owners have unreal expectations - not only to recoup the £50K they say they have spent on it but make £50K profit on a purchase of just a year ago.

It could take a good while for them to marry their expectations with real-world prices. If in the meantime you need to move to the area for other reasons, just keep looking elsewhere.

Running_On_Empty

poppysarah wrote: »

Because when a house has been on the market for 3 years at the same price and not sold, it means the price is too high.

The OP has stated the house she's looking at has been on the market two weeks, not 3 years so I fail to see how your post is relevant or how it assists the OP.

PasturesNew

I sold my house for £X, my neighbour had a much bigger/better house than mine and put theirs on at £X+£90k. It took ages to sell, I see today it's showing up in the LR figures, they eventually sold it for £X-£20k.

That's what "wait for the sellers to see sense" can mean.