What offer would you be willing to accept - sale price £190,000?

[Madmog]

Just wondering what others would be willing to accept if their house was on market for £190,000.

By way of background, had three valuations £210,000, £190,000 and £175,000. Went with agent valuing at £190,000 as felt their valuation reflected true price and they seem more proactive. We're in an area where everyone has nicely kept gardens, it's safe and very close to all schools, local shops and bus stops, so should tick many boxes if someone wants a house our size and price range. It's a 1950s style house though, so older but the benefit of that is that the room sizes are much bigger than new houses.

It's been on the market nine days now. Had second viewing at weekend which nothing came of, have another second viewing this weekend and another lady says it's exactly the space and the colours she'd have chosen, she needs to sell her own though.

Wait and see what is offered and then think about it. Good luck.

that depends really. whenever i have moved i have struggled to set the amount i would settle for in isolation from the next house i want to buy. i think its more "the cost to change". so, i might hope for 180k for example but then find the next house is a bit below what i thought so more flexibility to sell at a bit less and quicker.

what is your position?

Madmog First thing is to just check what other houses have achieved when they sold in your area,say around 4/5 Local Roads if the houses are similar in size to yours the price achieved is not the price they where put for sale at as I'm sure you will know,and I would also discourage anyone who has not sold their own property to view that is just wasting your time and their's if they cannot proceed without a sale.If your house kerb appeal and upkeep is better than anyone else's who are for sale I woulld not drop your price until the result of a survey,you can then do negotiations via your EA,but at £190K I would expect to clear sale price of £185K on satisfactory survey/valuation.

Thanks for your replies.

greenfolder, we've actually found our dream home (will be a life long home as we know area well, has extra space for family and could live downstairs easily in old age. Unfortunately, it's £15,000 over our max budget (that's why we're thinking seriously what we should accept as every penny counts, but at the same time don't want to miss out on what could be a reasonable price and then not achieve it for a while).

glammananna, there aren't many houses our size (two beds) on the estate, so rarely come up (last one was on market three years ago) so it's really hard to judge. I guess as it's older that knocks off a little but as it's also bigger than new builds and we have two bedrooms (17x9 and 12x11) that brings the price back up.

So I guess the answer is that you know what price you can accept and I would stick to that whilst house you like is available.

It depends how quickly you want to move, I suppose.

Interestingly, I've usually seen that 1950s or earlier command a premium, rather than it being a bad thing.