The property was first listed six months ago then got taken off from RM by the agent, and reposted as new listing with a lower asking of 750k this month. We did the viewing after the price reduction. It checks most of our boxes. Though inside and outside do require some work. It's been a rental so not in the best condition. But since we have been looking for more than half a year and do have a deadline, need to move before the school term, we are keen to make an offer. But unsure of where to start.
How much can you trust valuation estimates from websites like on the move? It has it down at 700k.
Recent transactions are either much bigger houses or smaller flats. One similar one has gone under offer but the agent refused to say at what price. and because of this, we worry that there could be competition looking for similar properties.
Do you think 700k is a good start or we will be dismissed? Part of me wants to try 680, 10% below asking. But anything under 7 could risk offending the seller. We are a cash buyer. Do feel that we are at a strong position in this market. But do not want to over pay. The agent has hinted that he has at least 5 viewings scheduled for the weekend....and he said no interest earlier due to tenant being there and not supporting viewing. Now no more tenancy so presumably more interest. This is making me anxious!