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What is a "sensible offer"?
datlex
Posts: 2,252 Forumite
There are two houses currently on the market near me both 2 bedroom semi in neighbouring streets. Both were originally on for £110,000. One has been reduced to £105,000. The last two houses in same streets same size which sold within last 6 months went for £82k and £95K. The £110,000 says "sensible offers" what do estate agents mean by that?
Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
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Comments
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It doesn't mean anything. Just offer what you are prepared to pay.0
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It probably means that the vendors won't accept £95k or 82k and actually want more for the houses than anyone is going to want to pay them.0
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It probably means that, psychologically, the vendors would have a real problem with letting them go for less than £100k. Whether you (or anyone else) thinks they're worth that is another question.
Also, a couple of points about previous sales: "same street, same size" ain't the whole story - what about condition? Buying something for £90k which requires another £10k being spent on it just isn't the bargain it first appears.
Finally, you can't go back in time, so what happened 6 months ago is irrelevant, 'cos you can't turn back the clock and buy the other places. You also wouldn't be arguing for a price rise if previous sale prices were higher than the current asking price would you?!? You have to compare the properties to comparable ones on the market now, not then...0
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