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Is £150k for a house on a £167k too cheeky?

(26 Posts)
HarrietJones Thu 14-Jul-11 19:50:41

just wondering before I steer my parents towards it. It doesn't need any obvious work but that's as high as they can go. It's on with the most £££ EA so it's probably over valued a bit. And it's been on the Market 6 months or so with no reduction.

It's really nice

MavisGrind Thu 14-Jul-11 19:56:07

I would hope it's not too cheeky as that's the sort of reduction I will be offering soon (so watching with interest!).
However, I always suspect that if a property has been on for months with no reduction then they may well be holding out for the asking price and in no hurry to sell.

HarrietJones Thu 14-Jul-11 20:00:14

It's someone who bought to do up & it's empty so you'd think they'd want rid. There was a problem on their block which we think put people off.Friend lives there so she knew the problem and it's now solved so I'm thinking of getting in there before everyone knows

Ringosbaby Thu 14-Jul-11 20:02:11

Depends, we got ours for £150 but they were asking £170. They had got the asking price twice but it fell through twice (different reasons each time) The owners were so fed up that they accepted straight away.

Stupid really as we were prepared to go higher!

HauntedLittleLunatic Thu 14-Jul-11 20:03:27

10% reduction sounds ok...

lukewarmmama Thu 14-Jul-11 20:03:33

Dont ask don't get!

But it's 10%, which I wouldn't say is cheeky at all.

Oakmaiden Thu 14-Jul-11 20:06:05

I want to offer 90K for this house - www.peteralan.co.uk/property/NEATPVP39545/, which IS a bit cheeky, but I will struggle to get a mortgage for much more than that.

I completely love it. Oh, and I have to make my husband go to see it and hopefully like it too....

HarrietJones Thu 14-Jul-11 20:07:36

You'll regret linking that when MNers flock to buy it!

moonferret Thu 14-Jul-11 20:13:07

Let's just say that "cheek" is sometimes what's required. Who dares wins...sometimes. You can offer anything you like and the seller can only say yes or no.

Many years ago (early 90s), my parents were selling and the house was on the market for £32k and they accepted £21k...that is a larger deduction than discussed here by a long way. On top of that, the prices shot up after that, if they'd hung onto it (as they could have), it was worth £130k approx within 2 or 3 years!

Oakmaiden Thu 14-Jul-11 20:16:04

Don't think there are going to be so many MNetters buying a house there though!

Oakmaiden Thu 14-Jul-11 20:17:00

It is such a lovely house - I mean look at the kitchen!!!

Just wish it could be picked up and moved to where I live now, which is a much nicer area. Or course, I couldn't afford to buy a house in this area...

Mumswang Thu 14-Jul-11 20:29:15

Oakmaiden. You do know what it's like down the ferry don't you?

Oakmaiden Thu 14-Jul-11 20:52:11

Yes, I do. It is not the most des. res. area in the world, but rather there than a few other places I could mention. I wish we could afford to buy where we are now (Cadoxton) but not a hope in hell of affording a 4 bed here (and we need 4 beds - life would be dreadful if we had to make DS1 (with ASD) share his space with anyone - and DD and DS2 are getting too old to share.

Hevian Fri 15-Jul-11 06:09:33

10% really isn't low enough in these times. People are sh1t scared to commit to buying houses as you know. On the market 6 months! Offer £140 and you can come to an agreement.

socialhandgrenade Fri 15-Jul-11 06:41:58

Doesn't sound cheeky at all in this market.

As it's on a 'block' are there similar houses? If you go on 'upmystreet' (sorry can't link as on my phone) you can see what houses nearby have sold for.

Hevian Fri 15-Jul-11 08:25:06

www.housepricecrash.co.uk/forum/index.php?showtopic=166614

Although we all know this it's nice timing for you to read. Asking prices therefore selling prices are falling - and that's from Rightmove! Good ammunition for you.

Becaroooo Fri 15-Jul-11 08:55:00

Offer £145 and go from there....£150 will sound ok to them after that!

We offered £170k for a house on at £185 and we eventually agreed on £172K (but we would have gone up to £175K!)

Are they really serious about selling??? On 6 months and no reduction???? hmm

HarrietJones Fri 15-Jul-11 10:08:52

All the houses in the street are very different. No logic between what houses are on for

HarrietJones Fri 15-Jul-11 18:14:21

Viewing on Monday <fingers crossed>

Oakmaiden Sat 16-Jul-11 15:10:20

I just went to look at the one I liked. And the downstairs is fabulous - exactly what I want. Not so keen on the upstairs though - the bedrooms are a bit small. So nevermind, hey!

HarrietJones Sat 16-Jul-11 19:17:02

Oh what a shame!

HarrietJones Tue 19-Jul-11 11:21:18

They didn't like the house. Actually I thought it was nowhere near as nice in RL.
Viewing two more tonight with them & one of them they loved on first viewing

AgentTracker Tue 19-Jul-11 11:43:02

Shame they didnt like the house but in response to your original quesiton, no it's not cheeky smile

HarrietJones Tue 19-Jul-11 12:37:39

I'm going to ban them from rightmove. Just had a call about 3 more they want us to view with them <bangs head on brick wall>

SybilBeddows Tue 19-Jul-11 12:40:09

are they using Google Earth and Streetview to investigate houses in advance as much as they can and possibly rule out a few before you go to the bother of viewing them?

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