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Price band between ....
jangor_2
Posts: 280 Forumite
Similar to a previous post I contacted the EA of a bungalow I wish to view which is priced between 235k and 245k. I queried the price and he repeated that the asking price was between 235k and 245k and he felt that 235k was a very fair price for the property. Not sure what I am asking but was slightly confused by the price banding and the EA's comments.
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Comments
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Similar to a previous post I contacted the EA of a bungalow I wish to view which is priced between 235k and 245k. I queried the price and he repeated that the asking price was between 235k and 245k and he felt that 235k was a very fair price for the property. Not sure what I am asking but was slightly confused by the price banding and the EA's comments.
means absolutely nothing
if you like it then make an offer you think it's worth0 -
The Vendor is saying offer 235K and I'll accept, though will keep the house on the market and wait for the higher offer.
Offer me 245K and I'll take it off the market and not allow any further viewings.
As said before though, just ignore it and offer what you think its worth/can get away with!I am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It is similar to 'in excess of', although if someone wanted to offer over £245k they would be scuppered. Sounds like they want what they want and won't be moved - good luck to them but they may not sell it.
Very fair doesn't seem to be a term that's used in valuing a house. it seems to more to do with: market, vendor's circumstances, house condition and so on.
If you have viewed a number of other properties you may be able to make comparisons and decide yourself how it compares with the others pricewise.0 -
Many thanks. I have completed on the sale of my house (at present renting) and this will be the first house I have viewed. I did feel that the EA was advising me that the vendor would not accept any offers below 235k. The property is empty at present and will need totally redecorating and a new kitchen installed.0
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It's the EA's job to get you to offer as much as possible. It's your job to be informed and offer the price that is right for you. Make sure you see more than just this house, even if you fall in love with it at first sight - every viewing is part of your property education.
Use all the sites that are recommended on here to find the financial details of the property including estimates of its value etc etc.
Good luck!0 -
Thankyou so much for your help.0
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