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Understanding EA's
cramg
Posts: 88 Forumite
We are thinking of selling our house and upsizing.
At present we are just searching online to see what is about in our price range.
We are looking to spend about £250K to £260K.
Looking on a local agents website, we come across a house priced as 'guide price £295K with no upward chain'.
From the pictures, the house needs gutting and completely renovating, everything and i mean everything is original from when the house was built early 80's. We believe the house would only be worth £285K if it was in pristine condition, this is also backed up by sold house prices in the area reaching around £270K to £280K.
Anyway, i enquired with the agent about the house via email and told the agent our position that we did not yet have our own house on the market. I asked if the house was in poor condition and they told me it did need serious modernising. Then they said, our advise would be to view the house, if you like it make an offer.....
Now to me, that is a strange thing to say from an EA considering my property is not even on the market. Does this imply the agents are trying to get shot of it quickly?
Well, i viewed the house and it needs about £35K spending on it to give it a good internal standard.
I also believe someone has either died or gone into care, there is furniture in the house along with cobwebs, but all cupboards and wardrobes etc are empty.
When i asked the agent about the vendor, they did not give any clues whatsoever or say anything back regarding the vendor.
Is it worth me speaking to the agent again to show my interest?
I just find it strange that they told me to view and make an offer so early on.
Any advise or comments regarding this are most welcome.
At present we are just searching online to see what is about in our price range.
We are looking to spend about £250K to £260K.
Looking on a local agents website, we come across a house priced as 'guide price £295K with no upward chain'.
From the pictures, the house needs gutting and completely renovating, everything and i mean everything is original from when the house was built early 80's. We believe the house would only be worth £285K if it was in pristine condition, this is also backed up by sold house prices in the area reaching around £270K to £280K.
Anyway, i enquired with the agent about the house via email and told the agent our position that we did not yet have our own house on the market. I asked if the house was in poor condition and they told me it did need serious modernising. Then they said, our advise would be to view the house, if you like it make an offer.....
Now to me, that is a strange thing to say from an EA considering my property is not even on the market. Does this imply the agents are trying to get shot of it quickly?
Well, i viewed the house and it needs about £35K spending on it to give it a good internal standard.
I also believe someone has either died or gone into care, there is furniture in the house along with cobwebs, but all cupboards and wardrobes etc are empty.
When i asked the agent about the vendor, they did not give any clues whatsoever or say anything back regarding the vendor.
Is it worth me speaking to the agent again to show my interest?
I just find it strange that they told me to view and make an offer so early on.
Any advise or comments regarding this are most welcome.
0
Comments
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You're not in a position to view anything, never mind thinking abut offers on renovation projects or what's going on in an agent's mind (if anything) when you haven't even got your own house on the market.
There's no point in speaking to the agent again until you've shown that you're serious about selling.0 -
BitterAndTwisted wrote: »You're not in a position to view anything, never mind thinking abut offers on renovation projects or what's going on in an agent's mind (if anything) when you haven't even got your own house on the market.
There's no point in speaking to the agent again until you've shown that you're serious about selling.
Your assuming they need to sell in order to buy.
They could be mortgage free on theirs and getting a mortgage to buy, or have savings that would cover the costs of buying.0 -
Why do you WANT to spend just over the stamp duty threshold, when buying at that level will add between £5000 and £5200 to your costs?0
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Likewise, I stopped reading when OP said they were looking to pay 260k...why!!0
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The op has not got a clue what he/she is doing....stamp duty my dear friend....It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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