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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

AIBU to feel that we may have "given the house away" too cheaply?

56 replies

HouseSale · 16/07/2020 16:16

Put the house up for sale in March, just before lockdown. When market opened up again, we had three viewings and 2 offers. Accepted the higher one for £279000 (asking price £295000). Buyers are in rented accommodation, so no chain and they have 25 percent deposit. We have been waiting since May for the survey, which has been delayed due to pandemic. Advised by Estate agent today that the valuation has been done without surveyor visiting property. Obviously the results of the valuation must have been OK as the buyers are still proceeding. I can't help thinking that to do valuation without even looking at the property suggests we have sold it too cheaply. Why else would it be deemed uneccessary for the surveyor to actually see the house? We accepted the fairly low offer as thought that we were lucky to have any offers as it is likely that the economy is headed towards recession.

Thanks for any thoughts/opinions.

OP posts:
Teenangels · 16/07/2020 20:25

They are going to lend them a mortgage if they have a 25% deposit. The house would have to drop by 25% for them to be even in negative equity.

You have sold your house at a price that is acceptable to you, you will only sell for what the buyer is prepared to pay.
You can put the house back on the market and wait for a higher price but someone that has that much deposit and nothing to sell I would carry on with them.

Pikachubaby · 16/07/2020 21:01

They are not in a chain, so you don’t have the risk of a collapsing chain

Think of the positives

BBCONEANDTWO · 16/07/2020 21:04

Our last properties we just sold at a fixed price - although the estate agents advised that if we were willing to wait we would probably get more money.

We had seen another property that we wanted and didn't want to faff about.

Once you're in your new property that couple of grand or whatever you 'MIGHT' have sold it for doesn't matter.

FraughtwithGin · 16/07/2020 21:25

Following the dear of our last parent in 2019, my siblings and I sold the family home.
We had a very wide range of valuations from various estate agents, but luckily our father had had the house valued in 2017, so there was a guide, plus we knew that there would be a load of interest as houses in that particular area do not come to the market very often.
We asked 25K under the top valuation and got 2 full price offers. At that point one of my siblings wanted to start a bidding war, but my other sibling and I said no, let's go with the people, who are ready to proceed immediately, which is what we did. I hope they are happy as it was a happy, family home for nearly 60 years.
I should add that I would never have bought the house myself and certainly not for the price they paid ;-)

FraughtwithGin · 16/07/2020 21:25

*death

WhatKatyDidNxt · 16/07/2020 23:33

I think you have done well all things considered, especially with the survey. Sorting the roof is a nice gesture

It’s interesting how people not involved like to comment about what you should / shouldn’t have done. Your house = your choice. I’m mid house buying / selling. My mum is keen to tell me how to handle it, despite having no knowledge of the area we live in and not having bought / sold a house for 30 odd years Hmm. People who aren’t directly involved in it often think they know best but often don’t possess all the facts

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