Could do with opinions on this, hoping it has more traffic than property board.
Viewed a house with my parents this morning that sold 5 years ago for 150K. It was in a state, not really somewhere you could even live according to old photos on Rightmove. The seller has done it all up and added a second tiny bathroom en suite upstairs and reasonably large dining space as an extension...mum likes this as she wants a space to entertain! He’s now asking 300 for it and said he said we left this morning that he’d had an offer already. We asked how much...and he said the asking price. Is it strange the agent wouldn’t tell us that before we viewed and where does that leave us now if they want to offer? It was almost like he said it to push up any offer we would make... he said I shouldn’t really say but yes it’s the asking.
I’ve looked at the area and doesn’t seem wildly out of kilter with other prices but is it a bad investment to buy somewhere done up and pay a premium like this? Also if he’s had an offer of asking price why hasn’t agent said that before we viewed so we knew it was offers over? why hasn’t he accepted it? Or is he telling us the offer is the full 300k to trap my family into that price if they want it?
Parents liked it... they’ve got nowhere to sell (living with my brother at the moment after an awful year for them) so in a good position but seller didn’t seem in a rush! 310 is their absolute max and they had hoped to go in lower so didn’t stretch themselves (they are in late fifties now so don’t want a big mortgage).
Anyone more experienced have any ideas on what’s going on or how we should pitch this? If it comes to it I would want to help them bridge a gap and give them money towards it...but also don’t want to be paying over the odds. I’ve only bought one place before and it was a different ballgame in London for a flat and many years ago.
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What to offer on this? Anyone have experience?
25 replies
Frevera · 06/09/2020 10:16
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