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Asking price seems high
w00519772
Posts: 1,297 Forumite
I viewed this property recently: http://www.rightmove.co.uk/property-for-sale/property-41999686.html.
I am struggling with the asking price of 155K. Zoopla tells me that this property last sold for 145K on 19/02/2009.
I have looked at the following webpage showing average prices over time by postcode: http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalPropertiesSoldAndAveragePrice.html?searchLocation=ln2&sellersPriceGuide=Start+Search. This suggests that prices in this post code area have fallen since the vendor bought. Am I being unrealistic here as I am thinking about offering 140K, but think that may offend?
I am struggling with the asking price of 155K. Zoopla tells me that this property last sold for 145K on 19/02/2009.
I have looked at the following webpage showing average prices over time by postcode: http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalPropertiesSoldAndAveragePrice.html?searchLocation=ln2&sellersPriceGuide=Start+Search. This suggests that prices in this post code area have fallen since the vendor bought. Am I being unrealistic here as I am thinking about offering 140K, but think that may offend?
0
Comments
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Zoopla takes the price it sold at and applies changes up/down locally and guesstimates current value. For this house it indicates £159,046
Having said that, no system is correct/right or perfect... a house is worth what he's prepared to sell it for and what you're prepared to pay for it.0 -
Offer what you think it is worth!!
That is it's true value not some notional figure in the sellers mind or a non de script website.
The vendors will either sell to you or continue to wait for someone who thinks it is worth more.0 -
Am I being unrealistic here as I am thinking about offering 140K, but think that may offend?
I'd be a lot more worried about blowing £15k because a house is over-priced than I would be about offending someone I could just walk away from if they decided to put on an offended act about my value of their property.If you don't stand for something, you'll fall for anything0 -
first offer would be £137k and then go upto £140k
Nice house,gl
Based on previous sale prices, unless local market has really picked up, I wouldnt want to pay more than £147k0
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