Sold as Seen???

TamTam72

bs0u0128 wrote:

surely you did your offer based on visually seeing the place, not the paper details, so visually you must have thought the amount of land there was decent enough to put an offer in?

therefore what difference does it make if it is 1 acre or 4 acres? if you were happy with the sizing, the figures on paper arent really relative are they? if you were happy to offer x amount based on what you SAW visually, why kick a fuss up with, overall, equates to an amount of land thats not worth that much hassle??

You're right, we did make our offer on the basis of what we could see, but that's because we thought it was 2 acres - we've never seen 2 acres up close before as our current garden is about 20ft (!), so we had to 'take the agent's word for it' as that's what it said on the details. We have been house hunting for 12 months and have seen plenty of properties (none with this much land). This one is one of the most expensive ones we've looked at, and the house is nothing special, and needs quite a lot of work doing, so the reason the asking price is so high is based on the amount of land it supposedly had, not because the house is fantastic. Therefore, if the land ain't there, the asking price must be too high.

bs0u0128

not at all, you are going by paper not sight, just because someone has assets on paper worth x amount doesnt mean they have that in REAL terms.

if it worth that to you without knowing what 2 acres looks like anyway, why get in a hassle just because the paper says it is that amount? you were ok with the space then found out the measurements but unless you were wanting to tell every visitor 'look at my 2acres' then it really doesnt make any odds

its worth what someone will pay, if u think it is overpriced, ask for less or walk

TamTam72

bs0u0128 wrote:

not at all, you are going by paper not sight, just because someone has assets on paper worth x amount doesnt mean they have that in REAL terms.

if it worth that to you without knowing what 2 acres looks like anyway, why get in a hassle just because the paper says it is that amount? you were ok with the space then found out the measurements but unless you were wanting to tell every visitor 'look at my 2acres' then it really doesnt make any odds

its worth what someone will pay, if u think it is overpriced, ask for less or walk

I think the bottomline is it HAS been overpriced based on the acreage. It is not worth what we originally offered based on other similar properties currently on the market. I couldn't care less what the actual acreage is because the garden is more than adequate for what we want. What I do object to is paying over the odds for something that is clearly not worth it. Like buying a 3 bedroom house but paying the price of a 4 bedroom one.

We have reduced our offer based on our knowledge of the local market, and I'm sure he won't accept it, in which case we will do just as you suggest, and walk away.

Edit: just another thought. To take this 'argument' to an extreme. If I was purchasing arable land, for example, and was told the plot I wanted was 200 acres so I made an offer of X. Then the survey showed that it was actually only 130 acres, couldn't I reasonably expect a reduction in the price? Even if I'd stood in the field and 'seen' it, why would I pay for something I wasn't getting?