Help urgently needed!!! Is this house worth the price?

Smodlet

Apart from the fact there is no worktop on either side of the cooker (which may well be going anyway) I think that kitchen is livable with. The bathroom is not at all to my taste but so long as it works... The garden has huge potential, imho.

I agree the vendor will probably disregard any offer that does not begin with a 2 and would buy an ex-LA house over a newbuild any day. The room sizes alone, higher ceilings; they tend to be solidly built as you said, OP. Good luck and good hunting.

Hoploz

Have you put your offer in yet?

When you find a house you like, you need to consider its price in relation to your own circumstances, and how choosy you are.
How likely are you to find something you like just as much, for the same price or lower?
If you aren't in a hurry, are prices rising in your area? What you don't want to happen, is that you let one go for the sake of £1k or so, but then don't find anything else for another 6 months by which time the market has moved and the next one is £10k more and not as nice.

RossFamily

Sorry for the late reply but I've been so busy. So long story short I put the offer in and the vendors went on holiday !!!55357;!!!56868;. So after a few long weeks of looking at other properties we have put another offer in of 202k which got rejected. The estate agent said they was holding out for 215k. Which in my opinion is still too high considering, it's been on the market for 6 months and the have reduced the market price to 220k. House prices are a bit sketchy in my area at the moment so I'm a little bit hesitant as to what I should do next, so I'm sort of in limbo but as soon as anything happens I will let you all know

jaelato1

I'll offer 210k final offer

YoungBlueEyes

I've just had a cheeky offer accepted on a property. This is what I did - following advice from here.

I explained my reasons for the offer (it had been a long time on the market and was currently sat empty). The estate agent said the owner needed much closer to asking price but I couldn't go that high. I said I'd leave my offer on the table for a few days. I asked the EA to tell the owner I really did like and want the house, but there was another similar house that I quite liked in the next town, so if they're going to refuse please do it sooner rather than later so I can offer on the other one.

They thought about it over the weekend and then accepted my offer!

HTH.

Hoploz

I wouldn't go mad at the moment as it looks like things are wobbling - lots of houses around here are getting reduced (put on market too high!) so could be a time to bide your time and not rush around as the market is definitely cooling just now. Whether its seasonal or Brexit related remains to be seen

ReadingTim

RossFamily wrote: »

Sorry for the late reply but I've been so busy. So long story short I put the offer in and the vendors went on holiday. So after a few long weeks of looking at other properties we have put another offer in of 202k which got rejected. The estate agent said they was holding out for 215k. Which in my opinion is still too high considering, it's been on the market for 6 months and the have reduced the market price to 220k. House prices are a bit sketchy in my area at the moment so I'm a little bit hesitant as to what I should do next, so I'm sort of in limbo but as soon as anything happens I will let you all know

The fact that it's been on the market for 6 months already shows they're in no hurry to sell, and are indeed holding out for £215k. So, if you want the place, that's what you need to offer; if you think that's too high, then you're just going to have to move on, as you ain't gonna get this place for much less. Your call.

RossFamily

When I viewed the property it was the vendor that showed me around. After a few questions I found out that they've had 1 other viewing than ours in the first 3 months and that they want to get out as soon as possible due to having a property lined up . I have began to understand the housing market in my area a little bit and I'm pretty sure it is overpriced. The house value in my area has also started to stagnate over the last 6 months, so has the number of properties sold. So I feel like they are not holding out for 215k they just haven't had much interest.

MysteryMe

The house certainly needs some TLC but unless you have been brought up living in a palace few would call that kitchen to be in a terrible state. It's basic but perfectly usable. Garden in untidy but again, nothing that can't be easily and cheaply sorted.

I certainly think it's worth putting an offer in but if your lower offers have already been rejected and the price point the EA has indicated is more than you want to pay then you'll have to walk away. You can't force the vendor to sell and you don't want to pay over the odds either.

RossFamily

Got some good news today! After a bit of negotiating we have settled on 212k. I just want to say thank you for all your help