What's the right price.

FTB_Help

The 2 bed one is a decent size, share of freehold or leasehold? If SoF then put that in the description - do you know if any neighbours have loft extension done - if so possibly put that there is potential to build up SSTP (need to check what's in your lease though) as this will attract more buyers if they know there is potential to expand.
The not so nice things I noted: the fireplace in the kitchen looks a little odd (some may want it removed), the window by the kitchen sink looks in a pretty bad nick. The wall/ door by the garden is not appealing at all, the door looks broken at the bottom and the door frame is missing and some dark patches on the wall can be seen too, the garden and she needs alot of work. My guess is the offer of £485k may have factored some of these issues and possibly some of the other properties close by that are available (I found a few other converted flats/ maisonettes close by about £75k-£50k cheaper) so I think this one seems fair and if I was looking in this area I would probably bid around that mark too.
The 3 bed one needs a lot of modernisation, so close to station, freehold, but does need a lot of tlc, work and time so may be the offers aren't too far off

MFWannabe

thecrazy1_2 said:

FTB_Help said:

thecrazy1_2 said:

Both myself and another family member are selling our properties. They have been valued at £550,000 and £535,000. One is a 3 bed terrace in need of some modernization - plastering new kitchen and bathroom. Valued at £550,00 The other has been a 2 bed house with new electrics new kitchen, bathroom, carpets and decoration valued at £535,000. The only thing that has been left is the flooring downstairs as that is personal choice. However, the offers we have received are £505,000 and £485,000 respectively. I personally feel this is too low but don't know how to work out the best value. All the estate agent is worried about is their commission and since the offers there have been no more viewing. This is the first time selling so advice appreciated.

Do you have RM links you could share?

Both offers are approx 10% below price which is not unusual offers to receive.
The 3 bed one that need modernisation - sounds like the buyer has possibly factored that into price
The 2 bed one is I'm assuming in the outskirts of London somewhere (zone 4-6?)? If so, depending on where in London £535k for a 2 bed sounds about reasonable, but people who look to buy 2 bed houses generally would probably like a 3rd bedroom (especially if its a youngish couple purchasing) so may have bided a bit lower to factor in the cost of potential loft extension.

Definately helpful to get opinions. The original offer on the 3 bed was £505,000 but they have increased it to £510,000 and the 2 bed is the first offer.
https://www.rightmove.co.uk/property-for-sale/property-85571344.html
https://www.rightmove.co.uk/property-for-sale/property-74878119.html

thecrazy1_2 said:

FTB_Help said:

thecrazy1_2 said:

Both myself and another family member are selling our properties. They have been valued at £550,000 and £535,000. One is a 3 bed terrace in need of some modernization - plastering new kitchen and bathroom. Valued at £550,00 The other has been a 2 bed house with new electrics new kitchen, bathroom, carpets and decoration valued at £535,000. The only thing that has been left is the flooring downstairs as that is personal choice. However, the offers we have received are £505,000 and £485,000 respectively. I personally feel this is too low but don't know how to work out the best value. All the estate agent is worried about is their commission and since the offers there have been no more viewing. This is the first time selling so advice appreciated.

Do you have RM links you could share?

Both offers are approx 10% below price which is not unusual offers to receive.
The 3 bed one that need modernisation - sounds like the buyer has possibly factored that into price
The 2 bed one is I'm assuming in the outskirts of London somewhere (zone 4-6?)? If so, depending on where in London £535k for a 2 bed sounds about reasonable, but people who look to buy 2 bed houses generally would probably like a 3rd bedroom (especially if its a youngish couple purchasing) so may have bided a bit lower to factor in the cost of potential loft extension.

Definately helpful to get opinions. The original offer on the 3 bed was £505,000 but they have increased it to £510,000 and the 2 bed is the first offer.
https://www.rightmove.co.uk/property-for-sale/property-85571344.html
https://www.rightmove.co.uk/property-for-sale/property-74878119.html

I would say looking at other properties the offer on the 3 bed is a good offer 
I would counter offer on the 2 bed 

MFWannabe

thecrazy1_2 said:

FTB_Help said:

thecrazy1_2 said:

Both myself and another family member are selling our properties. They have been valued at £550,000 and £535,000. One is a 3 bed terrace in need of some modernization - plastering new kitchen and bathroom. Valued at £550,00 The other has been a 2 bed house with new electrics new kitchen, bathroom, carpets and decoration valued at £535,000. The only thing that has been left is the flooring downstairs as that is personal choice. However, the offers we have received are £505,000 and £485,000 respectively. I personally feel this is too low but don't know how to work out the best value. All the estate agent is worried about is their commission and since the offers there have been no more viewing. This is the first time selling so advice appreciated.

Do you have RM links you could share?

Both offers are approx 10% below price which is not unusual offers to receive.
The 3 bed one that need modernisation - sounds like the buyer has possibly factored that into price
The 2 bed one is I'm assuming in the outskirts of London somewhere (zone 4-6?)? If so, depending on where in London £535k for a 2 bed sounds about reasonable, but people who look to buy 2 bed houses generally would probably like a 3rd bedroom (especially if its a youngish couple purchasing) so may have bided a bit lower to factor in the cost of potential loft extension.

Definately helpful to get opinions. The original offer on the 3 bed was £505,000 but they have increased it to £510,000 and the 2 bed is the first offer.
https://www.rightmove.co.uk/property-for-sale/property-85571344.html
https://www.rightmove.co.uk/property-for-sale/property-74878119.html

thecrazy1_2 said:

FTB_Help said:

thecrazy1_2 said:

Both myself and another family member are selling our properties. They have been valued at £550,000 and £535,000. One is a 3 bed terrace in need of some modernization - plastering new kitchen and bathroom. Valued at £550,00 The other has been a 2 bed house with new electrics new kitchen, bathroom, carpets and decoration valued at £535,000. The only thing that has been left is the flooring downstairs as that is personal choice. However, the offers we have received are £505,000 and £485,000 respectively. I personally feel this is too low but don't know how to work out the best value. All the estate agent is worried about is their commission and since the offers there have been no more viewing. This is the first time selling so advice appreciated.

Do you have RM links you could share?

Both offers are approx 10% below price which is not unusual offers to receive.
The 3 bed one that need modernisation - sounds like the buyer has possibly factored that into price
The 2 bed one is I'm assuming in the outskirts of London somewhere (zone 4-6?)? If so, depending on where in London £535k for a 2 bed sounds about reasonable, but people who look to buy 2 bed houses generally would probably like a 3rd bedroom (especially if its a youngish couple purchasing) so may have bided a bit lower to factor in the cost of potential loft extension.

Definately helpful to get opinions. The original offer on the 3 bed was £505,000 but they have increased it to £510,000 and the 2 bed is the first offer.
https://www.rightmove.co.uk/property-for-sale/property-85571344.html
https://www.rightmove.co.uk/property-for-sale/property-74878119.html

I would say looking at other properties the offer on the 3 bed is a good offer 
I would counter offer on the 2 bed 

Crashy_Time

IMO grab the offers that are on the table, unless you see marked economic improvement next year.