We lost a bid for our dream house before the crisis, now a house few doors down just came up at 5k less. It was a 3-bed house in Hertfordshire at £400K and sold at £380K, was on the market for a while before it was sold. The new house is listed at £395K with exactly the same layout and size, just not as nicely decorated (both properties were bought newly built about 10 years ago).
I thought the housing price would drop, but I feel the price are pretty much the same. Also, it has quite a good bit of interests I don't think they'll be that generous with the price since it's only new to the market. We're viewing this weekend, and likely we'll make a bid. I really want the house but I don't want to overpay the property, considering the situation we're in and uncertainty at the moment.
I don't know what to do... I wouldn't want to pay more than £380, which was how much next door sold before lockdown and the decor was way nicer. But I feel I might have to if the competition is high. We're a first-time buyer, so very nervous about if we're making the right decision. Any advice will be great. Thank you so so much!!