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Property/DIY

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Original poster

would you look higher?

14 replies

Gilesmummy · 06/03/2021 22:24

We have a house for sale at the moment and were discussing whether to reduce the price to get more people to see it online and hope to get viewings.. We are priced at just over the Rightmove threshold. Currently it is on at £1.275.m. (we know we'd take an offer on that) Rightmove go from 1.m to 1.250m. then jumps up to 1.5 m

When you are looking to buy a house do you look in the next price band up in case there is something there you like and hope they will take an offer?

I know I do but my OH says most people wouldn't ...
There are only two properties within 5 miles in the 1 -1.25 band...
I think we just bide our time, ( We've had two viewings in two weeks) but for 25k is it worth reducing?

OP posts:

DrunkBetch · 06/03/2021 22:28

We are looking at the moment and our agreed budget is 350,000 although can afford more. I limit the search criteria to that amount, mainly so I wouldn't be tempted by anything higher than that.
You could reduce it to the next boundary down and list it as offers in excess of...

ShrewYou · 06/03/2021 22:30

No I purposefully don’t look in the next band up!

User1511 · 06/03/2021 22:30

We look in the next band up yes.

I think at that value though, your pool of purchasers are generally smaller anyway. You could change to ‘offers over 1.250’ but it would show as reduced on RM which means that some people would think you’re desperate to sell and therefore offer lower anyway.

Personally at that value I do feel it takes longer to sell. Especially if you’re selling something like a bungalow on a farm when down the road you can get a 6 bed mansion with a pool for the same amount.

fellrunner85 · 06/03/2021 22:31

I deliberately don't look in the next band up, so I'm not tempted by something I know we can't afford.

FakeFruitShoot · 06/03/2021 22:34

I look at the next band up. I think two viewings in two weeks is pretty good for a property at that level? Surely your market is going to be fairly limited

Palavah · 06/03/2021 22:37

Would you take an offer of 1.25m, though?

Avacadoandtoast · 06/03/2021 22:51

I look in the band up - especially if my budget was on the upper level of a band, I would be seeing what was on the lower lever of the next band.

lazyakita · 07/03/2021 00:02

I look in the next band up and we are looking in your price range, in case that's helpful!

lurker101 · 07/03/2021 00:33

I don’t usually spend much time looking at the next price band up, but do give it a cursory look in case something looks overpriced and I think I could get an offer accepted.

However, if there’s only a couple of properties in that bracket in a 5 mile radius, are they with the same estate agent as yours? If so, any agent worth their salt should be showing the details to any enquiring on the other properties.

InescapableDeath · 07/03/2021 01:30

I look at the next price band but my husband won’t. I’d be tempted to go for offers over 1.25. Saying that, houses at that price do take a while to sell regardless.

Midlifephoenix · 07/03/2021 01:57

I do, but I had my house priced slightly over the price band and when I dropped it just below got a sale. You don't know where people's max is - it could be 1.2 and they'd only look up to 1.25. I'd drop it to 1.25.

LividLoving · 07/03/2021 07:24

I look only in the band up to our max budget.

The house we just bought, we only viewed because it was on for £20k over our max budget so we didn’t consider it until it was reduced. (Ended up in a best and final situation and going over, but it was worth it and we wouldn’t have seen it at all otherwise!)

JSL52 · 07/03/2021 08:14

Yes , I do. Our current house was in the next band up.

whatchathinkaboutthat · 07/03/2021 08:20

I always do!
We just brought ours for just a little over a million and it was on for for 1.1
Our budget was 1 mil but because we loved it we found the extra cash to go a little over. I think at that price, assume people will look over too. I'm not saying yours is over priced but a lot of properties here seem to be.

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