We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Undervaluation and cold feet :/
Options
Comments
-
ExactlyThrugelmir said:
If this property still hasn't sold at £280k. Then suggests the surveyor (at the time) wasn't far off the ball park at £290k when appraising the one you are considering. Doesn't sound like a down valuation at all. Easy to bid up when it's not your money that you are spending.Lyd00 said:>Since this has happened a similar house on the same street approx 15 houses along has gone on the market, initially for £10k less at £290k and it was then further reduced by another £10k to £280k.
0 -
My advice for you is to pull out and keep renting for X months/years until you find the absolute perfect house.2
-
View the other one and offer 275. See what they say. Th8s is only a difficult conversation if it is on with the same agent.1
-
A 4 bed detached for £280K? Where do you live? I want to move there!
1 -
Is there a link to the house?0
-
There are 4-bed detached houses for £280k and less across pretty much the entire country.jonners666 said:A 4 bed detached for £280K? Where do you live? I want to move there!
Yes, including the SE.
No, you may well not want to move to all of them...2 -
I don't think it's so much a theoretical valuation difference of £10k that matters. What matters is that there's an almost identical house in the same street being offered for £20k less. Why would you buy the more expensive one?AdrianC said:You were happy to pay £305k for it. Some people would even have paid more.
You are now, I presume, even happier to be paying £300k for it.
How much equity do you have, how much are you borrowing? Can you still afford to purchase?
£10k of £300k is 3.3%. It's insignificant.
No reliance should be placed on the above! Absolutely none, do you hear?0 -
35 years ago we were moving from London to the 'shires'. We viewed a (possibly 4 year old) house that was on the market for the same price as a brand new house, 100m away. We have enjoyed living in that (no longer) brand new house ever since - we chose the tiles, kitchen units, flooring (and got free conveyancing). It wasn't an issue.... the older house would have had to be 10% cheaper to make it worthwhile.#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3660
-
https://www.rightmove.co.uk/properties/79468959#/jonners666 said:A 4 bed detached for £280K? Where do you live? I want to move there!Nothing is foolproof to a talented fool.0 -
I would put a lower offer for the other house.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards