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Which valuation?
headintheclouds
Posts: 196 Forumite
Hi - hope someone can help.
My sister and I are in the process of getting our parents' house on the market as they have both died in the last two years. It's been our family home for over 30 years, so it's really difficult to be objective about it.
We've now had 4 valuations of £385,000(aiming to achieve £375,000), £429,950, £430,000 and £430 - £450,000. This seems like quite a wide range. Interesting the agents giving the two lower valuations also offer the best deals in terms of fees and no tie-in period. We have also had enquiries from a potential private purchaser, so we want to see what he is prepared to offer before we place the house with an agent.
I've been looking in the propertly pages, websites etc. but there's been very little to compare it to recently. In fact there's hardly anything on the market in that area at the moment and the house is in the catchment areas of two very popular schools. I know the house next door (attached) went for £375,000 about 18 months ago, but it has a slightly bigger kitchen and had more up-to-date fittings (although the new owners have ripped everything out).
I'd really appreciate any advice on how we decide on a fair and realistic price. I know it might sound like a nice problem to have, as my sis and I will be a lot better off after the sale, but I'd much rather not be in this position!
With thanks in anticipation.
My sister and I are in the process of getting our parents' house on the market as they have both died in the last two years. It's been our family home for over 30 years, so it's really difficult to be objective about it.
We've now had 4 valuations of £385,000(aiming to achieve £375,000), £429,950, £430,000 and £430 - £450,000. This seems like quite a wide range. Interesting the agents giving the two lower valuations also offer the best deals in terms of fees and no tie-in period. We have also had enquiries from a potential private purchaser, so we want to see what he is prepared to offer before we place the house with an agent.
I've been looking in the propertly pages, websites etc. but there's been very little to compare it to recently. In fact there's hardly anything on the market in that area at the moment and the house is in the catchment areas of two very popular schools. I know the house next door (attached) went for £375,000 about 18 months ago, but it has a slightly bigger kitchen and had more up-to-date fittings (although the new owners have ripped everything out).
I'd really appreciate any advice on how we decide on a fair and realistic price. I know it might sound like a nice problem to have, as my sis and I will be a lot better off after the sale, but I'd much rather not be in this position!
With thanks in anticipation.
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Comments
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Well, £430,000 is the recurring theme!
If you take the average, which is one way of doing it then it's £418,750.
However I'd probably go with £430k as it's come up three times. Any agent that doesn't give you a straight price (ie. £430-£450,000) is bluffing in my opinion, trying to feed around to see what you're happy with rather than giving it straight. It's not the right way to win business IMO.Everything that is supposed to be in heaven is already here on earth.
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