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Valuation

w00519772
w00519772 Posts: 1,297 Forumite
Can anyone give me an idea of what this is worth. If you can't value it then an offer suggestion would help.

It sold on 29th Dec 2005 for £158,000. I don't believe any work was done to it. It is on my shortlist.

I don't understand why the asking price is: 150K-160K. Is this estate agent expecting an offer of 155K?

Comments

  • Road_Hog
    Road_Hog Posts: 2,749 Forumite
    Combo Breaker First Post
    w00519772 wrote: »
    Can anyone give me an idea of what this is worth: http://www.rightmove.co.uk/property-for-sale/property-41196841.html. If you can't value it then an offer suggestion would help.

    It sold on 29th Dec 2005 for £158,000. I don't believe any work was done to it. It is on my shortlist.

    I don't understand why the asking price is: 150K-160K. Is this estate agent expecting an offer of 155K?



    Can't help you with valuation, you'd need local knowledge for that.


    As for the asking price. It says guide price £150K, in a rising market, that means that is the minimum price looked for, but probably would like £155-160K. In a falling market, it means, that's what I would hope to get, but will take any offers above £140K.
  • Kynthia
    Kynthia Posts: 5,666 Forumite
    First Post First Anniversary Combo Breaker
    The price is probably £160k but they want the property to show up in people's Rightmove searches up to £150k. This is more common when the Rightmove price searches jump by more than £10k.
    Don't listen to me, I'm no expert!
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