Offer level

Gwendo40

AdrianC wrote: »

Forget the £166k in Dec17 price. That's irrelevant.

It's funny how people always say this when the comparable recently sold property is considerably cheaper.

If that Dec 17 sold price had been equivalent to the asking price of this latest property you would no doubt be saying the latest house is priced realistically based on recent comparable sold prices.

need_an_answer

Forgive my thinking but reading the thread it feels as if the property in question has been identified by a few and I've resisted delving deeper!


Each time an alternative has been posted as a potential for he OP to look at it seems he's clued up and knows the area well and has a reason why something within his budget is not hitting the spot.


OP that's not the wrong thing to do,its good to be objective and know exactly what you want,I can understand that something doesn't appeal because it maybe doesn't have good parking or ability to extend but where IB think you may now be falling short is wanting the house that's priced at 230- to fit your criteria of 200.


Presumably the house has parking and ability to extend etc etc but actually I wonder if what clouding the judgement is that the work has been done on it to take it into a slightly higher price bracket than you really want to pay,essentially you would have liked to have found that house in 2017 when the current owners did!

therefore that's where reality needs to step in here,you either need to perhaps up your budget for the renovated house or concentrate on trying to find a dooer upper that you really can personalise.


My guess is these gems that need work are becoming rarer so you search could be longer.


Cant forget the Brexit factor that's also hanging in the back of the cupboard either where theres always the possibility that prices could ease or indeed people just sit tight and don't sell.


I guess my advice is to be realistic especially if you do intend to stay in a property for many years...

AdrianC

Gwendo40 wrote: »

It's funny how people always say this when the comparable recently sold property is considerably cheaper.

If that Dec 17 sold price had been equivalent to the asking price of this latest property you would no doubt be saying the latest house is priced realistically based on recent comparable sold prices.

No, I'd always say it was irrelevant. For any property.

We don't know what the situation around that sale was.
We don't know what work's been done in that time.

It might have been an absolute bargain desperation-sale.
The buyer might have been an utter shark.
The buyer might have been gullible and got rinsed.
The sale might have included land that's no longer included - or now includes land it didn't before.
The house might have been an utter tip that's had tens of thousands thrown at it in that time.
It might have been immaculate and has been trashed, bodged and neglected since.

getmore4less

more like this 1&3 miles
(for sale/SSTC)

2 beds only

0-max 16/11 98/72
0-300 16/11 95/70
0-250 14/11 87/68
0-200 11/08 74/55
0-150 05/03 42/32
0-100 00/00 04/04

plenty of stuff shifting to get good samples

and 3 beds only

0-max 27/13 100/87
0-300 20/13 77/78
0-250 16/11 62/64
0-200 05/05 27/36
0-150 01/01 09/09
0-100 00/00 00/01

plenty selling with 27 under £200k to look at.

if you are pitching at £200k for 2 beds with the intention to extend there must be a 3bed in the 62 under £250k

might even be worth looking at 4 beds

0-250 8/4

if your search area is very narrow then you do have limited options.

Crashy_Time

need_an_answer wrote: »

Forgive my thinking but reading the thread it feels as if the property in question has been identified by a few and I've resisted delving deeper!


Each time an alternative has been posted as a potential for he OP to look at it seems he's clued up and knows the area well and has a reason why something within his budget is not hitting the spot.


OP that's not the wrong thing to do,its good to be objective and know exactly what you want,I can understand that something doesn't appeal because it maybe doesn't have good parking or ability to extend but where IB think you may now be falling short is wanting the house that's priced at 230- to fit your criteria of 200.


Presumably the house has parking and ability to extend etc etc but actually I wonder if what clouding the judgement is that the work has been done on it to take it into a slightly higher price bracket than you really want to pay,essentially you would have liked to have found that house in 2017 when the current owners did!

therefore that's where reality needs to step in here,you either need to perhaps up your budget for the renovated house or concentrate on trying to find a dooer upper that you really can personalise.


My guess is these gems that need work are becoming rarer so you search could be longer.


Cant forget the Brexit factor that's also hanging in the back of the cupboard either where theres always the possibility that prices could ease or indeed people just sit tight and don't sell.


I guess my advice is to be realistic especially if you do intend to stay in a property for many years...

The price for the market is set by the people who do sell.

Bacon_Sandwich

Crashy_Time wrote: »

The price for the market is set by the people who do sell.

And who buy. Which category do you fit into?