May I ask for some advice please? I'm going nuts thinking about it.
We've now had four offers on the house.
House originally up at £275k, now £260k
One at £250k + £5k fixtures and fittings, which fell through when the buyer lost her buyer. She's now marketing at a lower price and has had one very low offer, so likely can't afford what she offered before
One at £242k which has been withdrawn as buyer can't really afford that
Two current offers in region of £245k, both first time buyers. They say they can't afford more.
This is less than we paid 7 years ago! and we've spent about £25K at least improving from a very dirty, dated house to a clean, shiny, modern house with a nice garden and patio. The market is above where it was 7 years ago in our area and ours is one of only two 3 bed places under £300k (there are several 3 bed places up over £400k and over £600K in the area which is very expensive).
We can't really afford to take any of these offers but have been told that we could hold back the garage and make as much as £10k, but it's more stress and worry and both of these buyers claim to want the garage a lot. We're committed to an expensive new house that we plan to live in for 20+ years, but it needs huge amounts of work.
What are we supposed to do? I feel really very misled by the EA about the price we could realistically attain. But it will save us money to go with a first time buyer not in a chain, who can move fairly quickly. We've been on nearly 6 months now.
Any thoughts welcome... I hate this part of the process.