can i discover how many days a house has been on the market for?

emmamc252

my boyfriend and I are 1st time buyers and have seen a house we like. it has today been dropped in price by 5k. i really want to know how long htis house has been on the market for in order to inform what our starting offer should be, is there anywhere on the net that i can find this out? i have looked on property snake but it is not up there yet, presumably as it only went down today! really want to know! please help.

tonydee

Phone the agent and ask. They should tell you.

Curv

The brochure usually has a statement that will tell you when it was prepared, which will give you an idea - but that won't be of much use if the property was previously on the market with another agent...

I wouldn't worry too much - just offer what you think it's worth and what you can afford.

LandyAndy

Ask the EAs. Do it by email so that you have their reply in writing. you may be able to judge the truth of their reply.

However, the price of a house isn't 'the asking price less x%' it is what it is worth to you. So decide what you think is the most you would be prepared to pay and then offer 10 % less than that. As FTBs in a very slow market you should get a good deal.

Alternatively, and I'm sure you'll get plenty of this advice, keep your money in your pocket for a bit longer and see how things go.

Tyders

Please dont follow the advice above to the letter. Offer for the property what it is worth to you bearing in mind your local market - this is the important bit as all areas are different.

By offering 10% less than what you think it is worth could alienate the vendor and not help you achieve a good price. Look at what is on the market in your area. Then compare them all and you should then gauge whether it is roughly the correct market price.
Once you have done this, ask yourself 'is it worth that value to you'? If it is, offer that value, if not negotiate lower.

For a house priced £150k i would expect serious offers around £145k to acheive about £147k in my area. This is assuming the house is priced correctly for the area it is in.

If you want to message me the post code and agent its selling with I can check Rightmove for you if you like (I have access to a function that allows me to see when it was entered ontot he rightmove system thus can tell if it was on with another agent).

Good luck with the purchase of your home - hope it works out for you!

poppy10_2

Tyders wrote: »

For a house priced £150k i would expect serious offers around £145k to acheive about £147k in my area. This is assuming the house is priced correctly for the area it is in.

LOL, sounds like a desperate EA. in the current market, noone would offer more than £140k as an initial offer for a £150k priced house.

Hoploz

If someone offered 10% under the asking price I would tell them where to go.

I have recently been going through Nethouseprices.com looking at properties that we looked at to see just this - how prices actually achieved related to their asking prices. Interesting to do. Most were around 5k below (this is on asking prices in region of 400k.) One or two were above and some further below, the lowest being 20k less on a 395k asking price.

Hope that's useful.

m00m00

nethouseprices data is seriously lagged and incomplete, the market is changing on an almost daily basis.

jonewer

Tyders wrote: »

Please dont follow the advice above to the letter. Offer for the property what it is worth to you bearing in mind your local market - this is the important bit as all areas are different.

By offering 10% less than what you think it is worth could alienate the vendor and not help blah blah blah waffle waffle blah

This is utter nonsense.

Hard figures show price drops for the last month or two and buyers leaving the market in their droves for many months now. Alienating the vendor is the last thing you need to worry about.

Offer what you are comfortable to pay for it and sod the vendor and EA. This isnt an excercise in charity. Just remember how much money you are thinking about spending here!

If its not the right house at the right price then PLEEEAAAASSSSSEEE dont sell your soul to the building society and become their indentured labourer for the next 25+ years struggling to pay a massive debt on a place you might not be happy with.

jonewer

Hoploz wrote: »

If someone offered 10% under the asking price I would tell them where to go.

And the buyer would tell you where to go in return, You are the one paying the mortgage on it after all. Doesnt hurt the buyer any. Plenty of other fish in the sea.

Jonesya

emmamc252 wrote: »

i have looked on property snake but it is not up there yet, presumably as it only went down today! really want to know! please help.

If it's listed on Rightmove then it may not get on propertysnake as I think they were forced to remove links to Rightmove property, probably because there were so many listed showing long times on the market and large falls! :rotfl: