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  • FIRST POST
    • North_London_Girl
    • By North_London_Girl 12th Aug 18, 12:59 PM
    • 13Posts
    • 3Thanks
    North_London_Girl
    Sellers only bought house 8 months ago...
    • #1
    • 12th Aug 18, 12:59 PM
    Sellers only bought house 8 months ago... 12th Aug 18 at 12:59 PM
    We've finally find a house we like in a suitable area.

    The sellers bought the house for 265K just before Christmas, and are asking for 287,000.

    They haven't completed any modifications to the house in that time, and similar properties have sold for around 265 - 270K.

    The reason given for the sale being so soon to the purchase, is that the sellers have found a viable property in their ideal location but not 100% the EA is being truthful on this, as it seems a bit wishy washy.

    Should we be concerned that they are selling so quickly? I can't see any major issues to be aware of, neighbours seem fine, area is generally very nice and nothing obviously wrong with the house. Or are we being overly suspicious?

    Our other query is whether they're trying to chance it with the uplift to 285,000 and if they actually have an intention to sell.

    Has anyone been in this situation before?
Page 1
    • bouicca21
    • By bouicca21 12th Aug 18, 1:05 PM
    • 3,949 Posts
    • 6,245 Thanks
    bouicca21
    • #2
    • 12th Aug 18, 1:05 PM
    • #2
    • 12th Aug 18, 1:05 PM
    Is the property in London? If so, I very much doubt that the market is rising. In my bit of London there is a shortage of properties for sale, so the market isn't actually falling but is pretty static. Visit a few more estate agents and found out how the market is.
    • North_London_Girl
    • By North_London_Girl 12th Aug 18, 1:10 PM
    • 13 Posts
    • 3 Thanks
    North_London_Girl
    • #3
    • 12th Aug 18, 1:10 PM
    • #3
    • 12th Aug 18, 1:10 PM
    Is the property in London? If so, I very much doubt that the market is rising. In my bit of London there is a shortage of properties for sale, so the market isn't actually falling but is pretty static. Visit a few more estate agents and found out how the market is.
    Originally posted by bouicca21
    It's in Hampshire. Overall the market for the town/village its in has dropped a little, but the individual road has increased slightly.
    • SG27
    • By SG27 12th Aug 18, 1:15 PM
    • 2,497 Posts
    • 1,754 Thanks
    SG27
    • #4
    • 12th Aug 18, 1:15 PM
    • #4
    • 12th Aug 18, 1:15 PM
    Ask the agent why they think the property is worth 22k after just 8 months and in a flat market. Ask the vendors directly why they are moving so soon. It maybe it easier to jusdge if they are lying. It may be they are trying to sell for the extra to help cover the buying and selling costs as tbh it is so expense to sell/buy it would not be worth it after 8 months unless you had a very good reason.
    Last edited by SG27; 12-08-2018 at 1:19 PM.
    • RiversTam
    • By RiversTam 12th Aug 18, 1:19 PM
    • 64 Posts
    • 79 Thanks
    RiversTam
    • #5
    • 12th Aug 18, 1:19 PM
    • #5
    • 12th Aug 18, 1:19 PM
    Could be getting a divorce and would rather not broadcast it.
    I know buying a house was the closest I've come to divorce yet!
    I think it's best to just ask when you view.
    The trouble with having an open mind, of course, is that people will insist on coming along and trying to put things in it.
    • PokerPlayer111
    • By PokerPlayer111 12th Aug 18, 1:21 PM
    • 302 Posts
    • 99 Thanks
    PokerPlayer111
    • #6
    • 12th Aug 18, 1:21 PM
    • #6
    • 12th Aug 18, 1:21 PM
    I was trying to buy a house and had the same thing, sellers wanted 20k more for a house they bought about 6 months ago at 20k less. They ended up getting the 20k more also as it sold pretty quick. When i asked the EAs at the time why the higher price they said the seller wanted more money to buy somewhere else.

    Nothing much you can do, anyone can attempt to sell for whatever price they wish, you are free to buy or not buy - its better for society if we have freedoms like this.


    edit: btw at the time i first offered them same as what they paid and they declined, i then offered 5k more than what they paid and they declined.
    Last edited by PokerPlayer111; 12-08-2018 at 1:24 PM.
    • North_London_Girl
    • By North_London_Girl 12th Aug 18, 1:32 PM
    • 13 Posts
    • 3 Thanks
    North_London_Girl
    • #7
    • 12th Aug 18, 1:32 PM
    • #7
    • 12th Aug 18, 1:32 PM
    I was trying to buy a house and had the same thing, sellers wanted 20k more for a house they bought about 6 months ago at 20k less. They ended up getting the 20k more also as it sold pretty quick. When i asked the EAs at the time why the higher price they said the seller wanted more money to buy somewhere else.

    Nothing much you can do, anyone can attempt to sell for whatever price they wish, you are free to buy or not buy - its better for society if we have freedoms like this.


    edit: btw at the time i first offered them same as what they paid and they declined, i then offered 5k more than what they paid and they declined.
    Originally posted by PokerPlayer111
    This is useful to know as would essentially be our tactic. We are in a strong position as FTB if they do want to sell quickly, but not prepared to pay over the odds for it.
    • North_London_Girl
    • By North_London_Girl 12th Aug 18, 6:34 PM
    • 13 Posts
    • 3 Thanks
    North_London_Girl
    • #8
    • 12th Aug 18, 6:34 PM
    • #8
    • 12th Aug 18, 6:34 PM
    Could be getting a divorce and would rather not broadcast it.
    I know buying a house was the closest I've come to divorce yet!
    I think it's best to just ask when you view.
    Originally posted by RiversTam
    After another review of the photos of the house, you might be onto something!
    • Carrot007
    • By Carrot007 12th Aug 18, 6:44 PM
    • 1,645 Posts
    • 1,397 Thanks
    Carrot007
    • #9
    • 12th Aug 18, 6:44 PM
    • #9
    • 12th Aug 18, 6:44 PM
    After another review of the photos of the house, you might be onto something!
    Originally posted by North_London_Girl

    If it is a divorce then one person might not want to sell but agreed to sell it at a silly price.


    Reduce your offer to what is reasonable as see what occurs.
    • hazyjo
    • By hazyjo 12th Aug 18, 7:19 PM
    • 10,983 Posts
    • 14,476 Thanks
    hazyjo
    If the house is joined to another or two, I would definitely be knocking and checking out the neighbours!

    Would also have a full structural survey (think now called a building survey, never remember).
    2018 wins: Single Malt Whisky; theatre tickets; festival tickets; year of gin(!); shoes
    • oldwiring
    • By oldwiring 12th Aug 18, 7:47 PM
    • 2,297 Posts
    • 467 Thanks
    oldwiring
    Hampshire is a large county, and in my area (S.W Hants) prices are certainly not falling, because the area is in demand.
    Rightmove has an historical data site https://www.rightmove.co.uk/house-prices-in-Hampshire.html which may help with your intended area.
    • Crashy Time
    • By Crashy Time 12th Aug 18, 9:13 PM
    • 6,655 Posts
    • 2,466 Thanks
    Crashy Time
    Hampshire is a large county, and in my area (S.W Hants) prices are certainly not falling, because the area is in demand.
    Rightmove has an historical data site https://www.rightmove.co.uk/house-prices-in-Hampshire.html which may help with your intended area.
    Originally posted by oldwiring

    Do you have transaction figures for Hampshire, how do they compare to a few years ago?
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