oh shit have we underpriced our house?

[hinkyhonk]

We've just put our 4 bed house on the market with a good local agent who we felt had a realistic view of the market rather than wildly optimistic.

There is a 3 bed on our street also for sale but on for 50k more than ours. We were amazed at the price they had marketed at but figured it was down to the bonkers agent and in time the asking price would drop.

But this morning I saw its under offer.

I'm trying to figure out if they have taken a low offer or if they really have sold nearish the asking price in which case we've seriously undervalued our house....

Any ideas how I can find out?

Go knock on the door and ask?

Could be a really cheeky offer accepted, could be a higher offer made with the hope that they could revise it down once a valuation came back but really there's no way of knowing

get two more agents to value your house, theirs being one of them.mand ask your agent - they will know whats going on locally.

get two more agents to value your house, theirs being one of them.mand ask your agent - they will know whats going on locally.

If your is undervalued you will end up with a bidding war on it!

Somebody may have just fallen in love with the 3 bed?

Good plan candlestick

We had them round a few months ago but it was so high it was ridiculous (we thought).

The agent is offering 0% commission which is only valid for a time period after that time the standard rate applies.so our agent says they whack them on high for the initial period then when that finishes go to an actual acheivable asking price

random a bidding war! Blimey that would be a turn up for the books.

ginger the house is distinctfully decorated if someone fell in love with it they need their eyes testing

Maybe the buyers should have gone to Specsavers there is no accounting for taste!

Is your house actually on the market? Because it's odd that buyers would prefer a house that is smaller and more expensive in the same location - are you sure there are no other factors that you aren't taking into consideration?

We just went on the market yesterday so there wasn't really on overlap before they accepted an offer. This week should be interesting....

Go into rightmove and search under the "house prices" menu for sold house prices on your road. That will tell you what houses have sold for and you can get an idea if you're undervalued.

How many agent did you have round before deciding one the one? You can relist it at a higher price, people do.