If somebody wants to pay over the odds for your house ....

moneyistooshorttomention

Post 8 the OP has stated the advantages her house has over others nearby and that sounds worth more money to me put like that.

Don't a lot of these "valuers" just do drive-by type valuations from what peeps have said on here? If that were the case, then he wouldn't know about/have taken into account those advantages.

Dan-Dan

If a house is on at 270k as an AP (i.e a guide) , it will struggle to sell for more than 250k unless to someone who simply MUST have it, and with the way things are these days that person may take a while to matarialise , though i hope they do !

moneyistooshorttomention

The one reason I can think of personally as to why "advantages" might not equal more money for a house is where the house has had "advantages" added in order to be able to manage to sell the house at all - ie because of the area the house is in being known as unwantable.

I would imagine that price range of houses would mean an at least reasonable area though - though obviously we don't know what area of the country this house is in and maybe even starter houses cost that much there.

In my own area in my current "price range" of houses I have come to realise that the answer to my mental query of "Why on earth have they just done a new kitchen and/or bathroom just before selling?" tends often to boil down to "Look at the area". I have just seen a typical example of that this morning, thinking "Why has that rival house whoomphed down in price and after only a few weeks?". Then I studied it:
- Council estate area
- It's one of the "known" Council estates:eek:
- It's elevated location

- It's elevated plot

- Those enormous conifer trees near the property look very much like they belong to the neighbours and not the house itself:eek: (reminder - its in one of "those" type Council estates....:cool: re likely chances of neighbour being reasonable and dealing with....).

Ah..now I know why the new kitchen and bathroom and the price cut scenario....

*******************

I assume though that OPs house is in a reasonable area and the improvements were done for "genuine" reasons - rather than as the only way to "get shot" reasons.

monty-doggy

??????????????????????? What a load of waffle!

Dan-Dan

Ha Ha , Moneys posts are always good to help you sleep!

DaftyDuck

Dan-Dan wrote: »

Ha Ha , Moneys posts are always good to help you sleep!

... even 'though I've only just arrived at wor zzzzzzzz...;)

moneyistooshorttomention

...and I cant begin to think why I've just remembered again that recent research done that those who "shout loudest" on tweets tend to be deemed to be "in the right" even when they aren't:cool::rotfl:

...but then I wasn't brought up to "shout":)

nobodyspecial

moneyistooshorttomention wrote: »

"Why has that rival house whoomphed down in price and after only a few weeks?". Then I studied it:
- Council estate area
- It's one of the "known" Council estates:eek:
- It's elevated location

- It's elevated plot

- Those enormous conifer trees near the property look very much like they belong to the neighbours and not the house itself:eek: (reminder - its in one of "those" type Council estates....:cool: re likely chances of neighbour being reasonable and dealing with....).

Ah..now I know why the new kitchen and bathroom and the price cut scenario....

*******************

I assume though that OPs house is in a reasonable area and the improvements were done for "genuine" reasons - rather than as the only way to "get shot" reasons.

You really are one of the most bigoted, nasty people I see on these forums. How would you like to be judged on things totally outside your control? Didn't you say you lived in public sector housing at one time, that must make you one of "those" type of people too. Buying your own property wouldn't change the inherent person, well certainly didn't in your case.

monty-doggy

Me thinks likes sound of own voice, or look of own posts. Either way they never make much sense, and I'm relatively New on here....the term troll springs to mind.

DRP

NannyV wrote: »

Hi, just wondered if this happens often and what happens...

If we have had our house valued at say £250,000 but think we could actually get £270,000 so put it up at that, and someone wants to pay £270,000 for it, but the mortgage company they are going with also value it at £250,000 ...... and the buyers don't have the extra money to top up the cost, is there any way around it?

Does it happen often?

We did have one agent value it at £250,000 and have another coming Saturday but from what I have seen locally I think it would sell for £270,00 but worried about the above scenario

There have been many threads on here where the lender values a property at less than the accepted offer, so it is probably fairly common.

The stamp duty threshold is your enemy in this kind of deal.