PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

How to set seling price?

weebubbles
weebubbles Posts: 80 Forumite
in House buying, renting & selling
Hi, my house has been valued at £83000. now I dont know what to set the asking price at. The estate agent said offers over £77000 but I cannot accept any offers less than £80000. Can anyone offer any advice?

ps my husband says we should ask for offers over £82000 and I have my mum telling me to put it on at fixed price £83000.

Comments

  • runnerbean17
    runnerbean17 Posts: 279 Forumite
    Have you had more than 1 valuation?
    Don't walk behind me; I may not lead. Don't walk in front of me; I may not follow. Just walk beside me and be my friend...
  • BitterAndTwisted
    BitterAndTwisted Posts: 22,492 Forumite
    10,000 Posts Combo Breaker
    What have other similar house sold for recently? Do you think this recent valuation is accurate or just optimism on the part of the agent in order to get your business?
  • k3lvc
    k3lvc Posts: 4,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If the (best) agent is saying offers over £77k then either they think your property will generate a bidding war or £77k is what they think it's worth in which case your "I can't sell for below £80k" leaves you in a bit of a predicament.

    As others have said more info is needed to understand the situation
  • weebubbles
    weebubbles Posts: 80 Forumite
    one other valuation, £85000.

    the house next door was valued at £85000 18 months ago and she sold it for £77000. She wanted a quick sale and it needed new windows, bathroom, kitchen and had no gas central heating. Ours doesnt need any work and got all category 1's in the home report.
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    Stick it on at £85k and be prepared to get knocked down. I doubt the extra couple of K would generate any additional/less interest.
    Thinking critically since 1996....
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    somethingcorporate wrote: »
    Stick it on at £85k and be prepared to get knocked down. I doubt the extra couple of K would generate any additional/less interest.
    I agree. If that generates no interest, you could go to £82500 after a few weeks.

    But 'fixed price' and 'offers over' should be avoided. They look pretentious and 'offers over' looks like you are desperate to clear a particular debt.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 1 August 2011 at 11:46PM
    What's the valuation in your Home Report? £83000?

    That's the crucial figure. Set your asking price at Fixed Price £83000 or Offers in the region of £83000
  • hcb42
    hcb42 Posts: 5,962 Forumite
    fixed price and offers over are common in Scotland. Not pretentious
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    edited 2 August 2011 at 1:25AM
    hcb42 wrote: »
    fixed price and offers over are common in Scotland. Not pretentious

    But they are in England:cool:.

    The OP doesn't state their location but their name might suggest Scotland.

    To the OP: Take a good long time to decide your lowest acceptable price and set an asking price to reflect that. Be prepared for a long wait if your minimum is well above the current market value.
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    LandyAndy wrote: »
    But they are in England:cool:.

    The OP doesn't state their location but their name might suggest Scotland.

    They have a HOME REPORT. HIPs were abandoned in E&W, Home Reports are currently required for sales in Scotland. Therefore, I surmise they are in Scotland and selling in Scotland.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 600K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture