Shall I hold out 4 more?

yummy_mummy_of_3

dddddddddddddddddddddddddddddd

Biggie

not sure of the price as I don't know the area.

But if it's on the market for 113k the 97.5k seems not too unreasonabile.


Why don;t you try meeting them halfway ?.

Assuming you get around 100k for the house I would calculate it's costing you in the region of £600-£650 per calender month.

theGrinch

surely, it depends on your circumstances. if you can hold out for more and risk the sale wait, otherwise take it.

if its the first offer from the buyer, you might want to decline it and see if they come back with more.

dolce_vita

As Grinch says.

But if what you have been offered is enough for you to make a decent profit and allow you to move on/move up - then sell.

Otherwise, you could find yourself chasing the market down and ending up with less.

Make sure you don't get too greedy.

("leave something for the next guy", as they say)

dmg24

I know the area where your house is, and I would agree with Biggie, the offer is not unreasonable. No harm in seeing if they will go higher though ... x

dolce_vita

Greed has led to many a downfall.

Don't be silly. Take the money and move on.

If you're going to be in your house for a while, the loft can wait.

dmg24

I would be surprised if it really is the maximum they can pay, people will always say that.

Have you had much other interest? The property does look nicely presented ... x

yummy_mummy_of_3

We have had 4 viewers since xmas so not bad the last couple came on Tuesday EA rang for feedback they said it's on their short list but have a few more to look at. It is a really nice house very clean with mostly brand new carpets,so don't want to let it go that cheap. The offer was made before xmas but apparently the couple went to see the EA in house mortgage advisor last week to try and get more money together.

brit1234

It all depends on the average salary in your area. It looks like a starter home so if the average salary is under £30,000 then it is too expensive. The market is correcting itself at the moment and lending is restrictive so you will have to price it reasonably with that in mind. Also prices are likely to fall over the next couple of years so be careful not to chase it down otherwise you will always be a little too expensive.

boinging_2

I take it you don't live in this house? Judging from the lack of funiture (or maybe you are a minimalist :rotfl: )

Given the moving market (downwards), what will you save by selling now versus 1 month extra mortgage, 2 month extra mortgage etc...

I would be very much inclined to accept the offer, with the clause that because their offer is much lower than you wanted you'll keep the property marketed until exchange. This would a) prompt them to move quickly and b) see if it is their final offer c) give you a chance to see if the market value is actually any higher.

ffacoffipawb

yummy_mummy_of_3 wrote: »

Our house has been on the market since end of september, we are paying two mortgages and are a little streched.We have had quite a few viewings and an offer of 97,500 It was valued at 120K. Please could you take a look at the house and tell me what you think and if the offer is good or not.
Thanks all. http://www.rightmove.co.uk/viewdetails-18199937.rsp?pa_n=1&tr_t=buy

Hmmmm ....

http://www.houseprices.co.uk/e.php?q=Outram+Road+Chesterfield&n=100

Number 33 went for £97,600 in February last year. If the house is similar to yours (looks like it may be over the road), in the current poor market it's not a bad offer at all. I'd be tempted to take it, unless I could push them up a little bit without scaring them off!