Offer accepted, still confused...

ssh4478

Hello experts,

I need a suggestion on how to get the realistic valuation of the property I intend to buy(In fact our offer of 250K is accepted).
I have tried all the freebie sites in the market like zoopla,mouseprice etc but don have much confidence on those.
Problem is that there isn't much sale on the street where we intend to buy this property hence don't have any idea how much the similar properties sold for in past.

There are 3-4 properties sold in the street details of which as follows from rightmove/mouseprice:

Type Price paid Date Beds Sqm Worth

Semi-Detached £249,950 30 May 07 3 222 £254,000
Semi-Detached £214,400 26 Jul 06 3 206 £238,700
Semi-Detached £72,000 09 Jan 98 3 224 £235,600

Details of the property I intend to buy on the same street

Semi-Detached 3 141 £244,800

EA is keen on us because we are first time buyer, all finances and solicitor are well in place. He did mention that there are interest shown on this property but none are in strong position (all other intrested parties are in chain).This property came to market in last week of feb.

Now I am a bit confused how much should be appropriate for this property. It's trivial and depends on lot of factors like condition of the property,EPC etc etc.
Is there any site (don't mind if it's a paid one) where I can get the more realistic price of the property so that I am more confidence in my offer, asking price is 260k for this property and we offered £250? Althugh our offer has been accepted but EA hasn't hasn't put Sold STC but assured us that there will be no further viewing on this property.

Any suggestions please?

Many Thanks

k3lvc

If you've offered £250k and it's been accepted why the need for more numbers ? - the protocol is usually to offer low based on info you have and work upwards in small increments rather than the other way round.

In your position assuming you want the property I'd be looking at what I could do to progress quickly and avoid any surprises/counter-bids along the way.

ssh4478

k3lvc wrote: »

If you've offered £250k and it's been accepted why the need for more numbers ? - the protocol is usually to offer low based on info you have and work upwards in small increments rather than the other way round.

In your position assuming you want the property I'd be looking at what I could do to progress quickly and avoid any surprises/counter-bids along the way.

Thanks for your reply. Although the offer has been accepted and we are really keen on the property but I'm still not very confident. Just want to know if there are any sites that can give realistic valuations? I agree that we should've done this reasearch before putting an offer but it's never too late than sorry. Just don't want to spend my hard earned money if the property is not worth that much.

googler

If the asking is £260k there's not a chance anyone will go above £250k (stamp duty threshold).

Ask the EA or vendor to accept or decline your offer forthwith in writing so you all know where you stand

Nobody whose opinion matters will value the house based on what a website says. Your lender will want an RICS surveyor to look at it and give an opinion on its value - if he says £240k, you'll only be able to borrow that, and you'll have to lower your offer anyway....

hcb42

Have you had a survey done, the surveyor will give you the valuation.

If you havent even instructed a surveyor, then the vendor and EA are quite right not to put Sold STC up yet, as you wont look like you are serious unless you show that commitment.