Am I being unrealistic?

w00519772

I am looking for a valuation on this house: http://www.rightmove.co.uk/property-for-sale/property-41196841.html. I offered 148K but it was rejected. It looks like the vendor will not accept less than 155K as that is how much they need to move.

It was last bought in December 2005 for 158K. The price seems to high to me (155K). Am I being unrealistic? (this is the main question).

If I was to pay the price requested then is there anything else I could negotiate e.g. furniture etc?

Mojisola

The only person who can answer that is the seller.

mgarl10024

Have any of the similar neighbouring properties sold recently, and what for?

Mallotum_X

Why have a "guide price" of 150k if you want £155k. £148 is a perfectly reasonable offer. Seems the seller/agent have got the marketing wrong if they want £155 why not put it on at £160....

Paully232000

If there was a guide price of 150 I would not htink that even as low as 140 is unreasonable.
However if, as you say the vendor cannot take less than 155 then that is going to be the minimum price that he will accept, reasonable or not. Looks like, as others have said, that he has been advised on price wrongly, or is being unrealistic as to what the property is worth nomatter what he 'needs' to sell for.

Prothet_of_Doom

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=POSTCODE%5E1810377&minPrice=130000&maxPrice=150000&minBedrooms=3&radius=3.0&googleAnalyticsChannel=buying There are 43 3 bed houses between £ 150 and 130 K within 3 miles.

Point this out to the seller and ask him to tell you his best price by Thursday, as you have asked 5 other people to do the same and it is your intention to buy the 'best' one.

Prothet_of_Doom

I'd be making an offer on this http://www.rightmove.co.uk/property-for-sale/property-42425759.html?premiumA=true

Derwent

This one a few doors down sold for £140k in May this year, looks pretty similar to me.....

http://www.zoopla.co.uk/property-history/148-carlton-boulevard/lincoln/ln2-4wj/27361484

ACG

Forget what it was purchased for. It could have been purchased for £1 or £1,000,000.

You need to decide how much you are prepared to pay for the property, you can tell them its overpriced all day long but if thats what they want/need then you either need to overpay or move on.

RobertoMoir

w00519772 wrote: »

It was last bought in December 2005 for 158K. The price seems to high to me (155K). Am I being unrealistic? (this is the main question).

Offer up to what you think it's worth, no more, and walk away if you don't get it. That's not being unrealistic at all. Their poor maths skills and/or ability to secure good pricing themselves is not your problem.