Fair offer

gwynlas

It is possible that it was put on the market pending probate. It might be dependent on a number of beneficaries wanting to get as much as they can out of it. If it is being sold by an on line agent who is attending viewings? It would be good if you could meet the vendor and express your concerns regarding up grades during viewing but be prepared to make an offer subject to survey. It could be tht they are selling with their heart rather than their head and want the property to go to someone who in their view will treasure it.

p00hsticks

jo03gra said:

propertyrental said:

jo03gra said:

I can actually see it was valued professionally, as it’s on the deeds and plan I purchased on land registry that in 2019 it was £350k 

That doesn't mean it was 'valued professionally'. It just means that's what the current owner paid - and he may have paid an 'unfair' amount!

Plus 2019 is 4 years ago so not really relevant now.

It’s the current sellers parents house. They died and it’s the vendor’s inheritance. The valuation is on the title register. I wondered if valued for social care maybe? 

Have you confirmed that there are no other beneficiaries involved ?
If you know the name of the deceased and the year they died, it's easy and cheap to get a copy of the grant of probate and will (if any), which would provide some assurance that there aren't multiple executors and beneficiaries who can't agree on accepting a reasonable price for the property......

jo03gra

gwynlas said:

It is possible that it was put on the market pending probate. It might be dependent on a number of beneficaries wanting to get as much as they can out of it. If it is being sold by an on line agent who is attending viewings? It would be good if you could meet the vendor and express your concerns regarding up grades during viewing but be prepared to make an offer subject to survey. It could be tht they are selling with their heart rather than their head and want the property to go to someone who in their view will treasure it.

From the chat I had with the agent she only mentioned the son but obviously maybe there are other siblings… I agree about heart/head and it is the kind of house that would have builders or ‘flippers’ all over it if price was lowered for them to make a quick quid. It’s priced too high for that. I’ve been asked for feedback after the viewing and I did say I’d want to live in it as my forever home but I couldn’t come close to the asking price considering it needs a full renovation. Regardless of anything it’s had 4 viewings and no offers to date so I’m being told. 

jo03gra

p00hsticks said:

jo03gra said:

propertyrental said:

jo03gra said:

I can actually see it was valued professionally, as it’s on the deeds and plan I purchased on land registry that in 2019 it was £350k 

That doesn't mean it was 'valued professionally'. It just means that's what the current owner paid - and he may have paid an 'unfair' amount!

Plus 2019 is 4 years ago so not really relevant now.

It’s the current sellers parents house. They died and it’s the vendor’s inheritance. The valuation is on the title register. I wondered if valued for social care maybe? 

Have you confirmed that there are no other beneficiaries involved ?
If you know the name of the deceased and the year they died, it's easy and cheap to get a copy of the grant of probate and will (if any), which would provide some assurance that there aren't multiple executors and beneficiaries who can't agree on accepting a reasonable price for the property......

I know the name because I checked land registry title and plans. Roughly the year.
There have been no offers I’ve been told so nothing to agree on 🤷‍♀️ agent said only 4 viewings since August 21 including myself and no offers to date. 

Jaybee_16

Reminds me of a house up for sale a few doors from me about 4 years ago. It was a probate sale with the proceeds going equally to the two adult children of the deceased. Asked the local estate agent why it was priced at the top of the market for a not top of the market property and had been up for sale more than a year in London. EA told me the two beneficiaries had decided how much they wanted and weren't agreeing less no matter how long it took to sell.

Finally sold after about 18 months.

jo03gra

Jaybee_16 said:

Reminds me of a house up for sale a few doors from me about 4 years ago. It was a probate sale with the proceeds going equally to the two adult children of the deceased. Asked the local estate agent why it was priced at the top of the market for a not top of the market property and had been up for sale more than a year in London. EA told me the two beneficiaries had decided how much they wanted and weren't agreeing less no matter how long it took to sell.

Finally sold after about 18 months.

 The EA gave my feedback to the seller and I have received feedback on that. He hasn’t taken anything in to consideration. Not the condition of the house. Needing to be brought up to date but some things like bulging ceilings look like they need immediate attention. It’s got nothing going for it except it’s shell and it’s position. Problem is original agent put it up way over priced. Now this seller has a figure in his head. He’s dropped it by £50k over a period of a few years and still no offers and 4 viewings 🤷‍♀️ still too expensive. 

Sarahspangles

He’s also presumably now paying 200% Council tax and is determined to recover that as well.  Houses literally fall down when people can’t be reasoned with.

ReadingTim

jo03gra said:

 The EA gave my feedback to the seller and I have received feedback on that. He hasn’t taken anything in to consideration. Not the condition of the house. Needing to be brought up to date but some things like bulging ceilings look like they need immediate attention. It’s got nothing going for it except it’s shell and it’s position. Problem is original agent put it up way over priced. Now this seller has a figure in his head. He’s dropped it by £50k over a period of a few years and still no offers and 4 viewings 🤷‍♀️ still too expensive. 

Move on then - it's the seller's problem, not yours.  

diystarter7

jo03gra said:

Jaybee_16 said:

Reminds me of a house up for sale a few doors from me about 4 years ago. It was a probate sale with the proceeds going equally to the two adult children of the deceased. Asked the local estate agent why it was priced at the top of the market for a not top of the market property and had been up for sale more than a year in London. EA told me the two beneficiaries had decided how much they wanted and weren't agreeing less no matter how long it took to sell.

Finally sold after about 18 months.

 The EA gave my feedback to the seller and I have received feedback on that. He hasn’t taken anything in to consideration. Not the condition of the house. Needing to be brought up to date but some things like bulging ceilings look like they need immediate attention. It’s got nothing going for it except it’s shell and it’s position. Problem is original agent put it up way over priced. Now this seller has a figure in his head. He’s dropped it by £50k over a period of a few years and still no offers and 4 viewings 🤷‍♀️ still too expensive. 

Hi OP

Sounds like a seller that needs the money badly and feels they are entitled to the price was given by an EA
Therefor, IMHO, move on. However, even if the seller comes back and accpets your offer, personally I would be a bit worried if and when they will get cold feet again

Good luck

jo03gra

Sarahspangles said:

He’s also presumably now paying 200% Council tax and is determined to recover that as well.  Houses literally fall down when people can’t be reasoned with.

Yes it feels like the house sitting empty is a terrible shame. So how does the council tax work on an empty property?