House selling - valuations

MeteredOut

strawb_shortcake said:

ReadingTim said:

One way to play it would be put yourself in the shoes of your buyer: imagine you had whatever your asking price is to spend, go on rightmove and see whether you'd buy your place over and above what's currently on the market within a mile of you.  Adjust your "budget" until yours is the best you can buy for the price, and there you have it. 

Or push the agents for a probate valuation, or the sort of figure they could shift it for a "quick sale" by a "motivated seller".  

If it's a bit questionable whether that number would allow you to move, it might be better not to even start the process, as it may only lead to disappointment.  

Thank you, looking online, there are currently 4 3 beds on the market in our area for sale. Minus ours not having a modern kitchen 3 are around the £335-340 mark. One has some subsidence in the garage. One is around £100k less as it's Modern Auction and needs a full renovation.  

I've always thought it's the garden and view that will sell the house

In my experience, a garden and a view will help a house sell faster, but not necessarily for that much more than a similar house with a lesser garden or view.

Reading between the lines of your posts, you're only going to move if you get an offer towards the top end of the valuations received, otherwise you'll stay and do up the kitchen. If so, I'd be making that clear to whatever estate agent you use, and see how they react.

strawb_shortcake

MeteredOut said:

strawb_shortcake said:

ReadingTim said:

One way to play it would be put yourself in the shoes of your buyer: imagine you had whatever your asking price is to spend, go on rightmove and see whether you'd buy your place over and above what's currently on the market within a mile of you.  Adjust your "budget" until yours is the best you can buy for the price, and there you have it. 

Or push the agents for a probate valuation, or the sort of figure they could shift it for a "quick sale" by a "motivated seller".  

If it's a bit questionable whether that number would allow you to move, it might be better not to even start the process, as it may only lead to disappointment.  

Thank you, looking online, there are currently 4 3 beds on the market in our area for sale. Minus ours not having a modern kitchen 3 are around the £335-340 mark. One has some subsidence in the garage. One is around £100k less as it's Modern Auction and needs a full renovation.  

I've always thought it's the garden and view that will sell the house

In my experience, a garden and a view will help a house sell faster, but not necessarily for that much more than a similar house with a lesser garden or view.

Reading between the lines of your posts, you're only going to move if you get an offer towards the top end of the valuations received, otherwise you'll stay and do up the kitchen. If so, I'd be making that clear to whatever estate agent you use, and see how they react.

We have made them all aware of that and been a bit open about what sort of offer we'd be willing to accept. As said earlier we have options to fall back on, so have savings and mortgage options to fall back on if we find the right house to go now too.

TheLastMinute

Also think about the how long the exclusive tie-in period would be. I'd suggest that the longer the period is, the more likely the agent is trying to win business by over valuing. 

ReadySteadyPop

MeteredOut said:

strawb_shortcake said:

ReadingTim said:

One way to play it would be put yourself in the shoes of your buyer: imagine you had whatever your asking price is to spend, go on rightmove and see whether you'd buy your place over and above what's currently on the market within a mile of you.  Adjust your "budget" until yours is the best you can buy for the price, and there you have it. 

Or push the agents for a probate valuation, or the sort of figure they could shift it for a "quick sale" by a "motivated seller".  

If it's a bit questionable whether that number would allow you to move, it might be better not to even start the process, as it may only lead to disappointment.  

Thank you, looking online, there are currently 4 3 beds on the market in our area for sale. Minus ours not having a modern kitchen 3 are around the £335-340 mark. One has some subsidence in the garage. One is around £100k less as it's Modern Auction and needs a full renovation.  

I've always thought it's the garden and view that will sell the house

In my experience, a garden and a view will help a house sell faster, but not necessarily for that much more than a similar house with a lesser garden or view.

Reading between the lines of your posts, you're only going to move if you get an offer towards the top end of the valuations received, otherwise you'll stay and do up the kitchen. If so, I'd be making that clear to whatever estate agent you use, and see how they react.

Good view will sell for more than a non view or view of a factory or something.

Bigphil1474

Absolutely. I'd pay more for a lesser house with a great lifetime view. We actually looked at moving to North Yorkshire last year and were a whisker away from offering on a house with an amazing back garden and views over the rolling hills, even though the house was only around 75% what we were looking for. Still a bit of regret, but it was too impractical for us. You can improve a house, difficult to create a stunning view.