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Guide price £180k - £200k - not an auction

stilernin
stilernin Posts: 1,217 Forumite
in House buying, renting & selling
So what's this about then? Details give £180k - £200k.

The EA said they had put it on at this price 'to see what sort of offers they got' - 'because of the state of the market'.

House is empty and 'no onward chain'. What would you offer?
«1

Comments

  • puddy
    puddy Posts: 12,709 Forumite
    have you got a rightmove link
  • Lotus-eater
    Lotus-eater Posts: 10,792 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    stilernin wrote: »
    What would you offer?
    What I thought it was worth?

    Its impossible to value a house in an area you don't know and you haven't even seen.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jenner wrote: »
    have you got a rightmove link
    That'd make it too easy!
  • stilernin
    stilernin Posts: 1,217 Forumite
    jenner wrote: »
    have you got a rightmove link

    I'm quite keen on this one, so don't want to show too much of my hand at the moment.

    Careless talk and all that ;) Sorry................

    I've seen 'offers over' and 'offers in the region of' but not a Guide Price spread over more than 10%
  • stilernin
    stilernin Posts: 1,217 Forumite
    Lotus-eater wrote: »
    What I thought it was worth?

    Its impossible to value a house in an area you don't know and you haven't even seen.

    Point taken. I'll have a look at it and see how keen I am. I am a cash buyer and with the market being slow, I was looking at properties over my budget anyway.

    We are all after a bargain aren't we?
  • Lotus-eater
    Lotus-eater Posts: 10,792 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I would look fairly critically at it, I get the feeling from the description, its a very hard property to value and the EA is fishing, go in very low.
    Freedom is not worth having if it does not include the freedom to make mistakes.
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    If the guide price is 180-200k, it has basically been valued at 180k, and they have put upto 200k to make it seem like a bargain (30k off) to anyone offering 170k. Also, it will show in the results when people search for houses up to 180k, while seeming like one worth a lot more, inviting instant interest. A fairly common psychological tactic.

    That is my reading of the situation anyway. I would offer based on a price of 180k. See what else has sold for that in the area and do some reasearch etc to work out your offer!
  • stilernin
    stilernin Posts: 1,217 Forumite
    Thanks for the comments, I'll have a look at it and if I do like it, I'll think hard about how much to offer.

    Watch this space.....
  • silvercar
    silvercar Posts: 50,681 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Look on nethouseprices and houseprices.com to see what similar houses have sold for. If it is fairly unique there will still be a ceiling for the area.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • m00m00
    m00m00 Posts: 1,755 Forumite
    there is this one

    http://www.rightmove.co.uk/viewdetails-17503942.rsp?pa_n=2&tr_t=buy

    25th May 2008
    • Brief Description changed: Price Range £180,000-£200,000. Two double bedrooms Split level maisonette Close to Stepney Green tube station
    1st May 2008
    • Price changed: from '£215,000' to 'Guide Price £180,000'
    19th Apr 2008
    • Initial entry found.
    It's a health benefit ...
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