Thoughts on this house

Hutch100uk

Crashy_Time wrote: »

Overpriced by at least 25k IMO.

You say that about all houses don't you? :rotfl:

AdrianC

Hutch100uk wrote: »

You say that about all houses don't you? :rotfl:

Nah, sometimes it's a LOT more than £25k...

Dark_Star

Hutch100uk wrote: »

Thanks. I don't know what the issue is other than the fact its unsightly and rather large. I haven't enquired as to what it actually is (assume its a well). I suppose I'm making assumptions that this is the cause of the house being on the market for so long!

Then that's your chance to offer a lot less than the asking price. If you're willing to put up with it....depends if you want a foot on the ladder or a forever home. If foot on ladder....how long would it take you to sell if it's been on the market a while...

Perhaps inquire with the agent & ask if you are allowed to e.g. turn it into a raised veg bed/pond etc. Get this in writing before making an offer. It may be a NO as it looks plant free in the photo. Also ask what the heck it is; just in case it's some alien bunker/secret nuclear fuel dump/burial ground for unruly buyers etc.

I know the giant railway chimneys were not allowed to be touched at all. No plants, nothing. I cannot find a photo online but they're out there :rotfl: & they were HUGE & filled most of the garden. We viewed the house next door to one & that put us off (plus the rumbling of the trains in the tunnel under the house every now & then...).

Crashy_Time

AdrianC wrote: »

Do you actually look at the details and comparables before coming to these conclusions, Crashy?

How much do you think it is worth?

Crashy_Time

AdrianC wrote: »

Nah, sometimes it's a LOT more than £25k...

And do you seriously think some houses shouldn`t be discounted by a lot more? The Aberdeen thread on HPC is showing plenty of 100k price drops, still not sold. The UK market is made up of many sub-markets, it isn`t just about the headline price stats that banks who do mortgage lending churn out.

AdrianC

Crashy_Time wrote: »

And do you seriously think some houses shouldn`t be discounted by a lot more? The Aberdeen thread on HPC is showing plenty of 100k price drops, still not sold. The UK market is made up of many sub-markets, it isn`t just about the headline price stats that banks who do mortgage lending churn out.

Absolutely some houses are ridiculously overpriced. And many aren't. They're both outliers - most are priced about right.

Take my neighbours. They tried selling their place a couple of years ago, and got zero interest. They've just tried again, and had three asking-price offers after being on the market less than three weeks.

Hutch100uk

Crashy_Time wrote: »

How much do you think it is worth?

Personally I can only go on other houses nearby. I do think its overpriced due to the lack of garden and fact its terraced, compared to others that have a garden and are semi.

The bottom line is, I won't be paying the asking price so if I did offer and they decline, thats that.

I'm going to see it today.

Crashy_Time

AdrianC wrote: »

Absolutely some houses are ridiculously overpriced. And many aren't. They're both outliers - most are priced about right.

Take my neighbours. They tried selling their place a couple of years ago, and got zero interest. They've just tried again, and had three asking-price offers after being on the market less than three weeks.

Did they drop the price?

Crashy_Time

Hutch100uk wrote: »

Personally I can only go on other houses nearby. I do think its overpriced due to the lack of garden and fact its terraced, compared to others that have a garden and are semi.

The bottom line is, I won't be paying the asking price so if I did offer and they decline, thats that.

I'm going to see it today.

Good luck.

AdrianC

Crashy_Time wrote: »

Did they drop the price?

No. Same asking price both times - and sold for more than asking this time.