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Original poster

Is it cheeky to go in with 700k under asking price

239 replies

namethisbird · 11/09/2023 21:44

There is a Victorian townhouse for sale in our dream street but the sticking point is the asking price.
it is currently on the market for £1.7million however in my opinion based on research, independent valuation sites and recently sold properties it’s only worth just over £1mill.
it doesn’t seem it’s had much interest so my dilemma is would it be very cheeky to offer what i think it’s worth which is £1045000?

OP posts:
Thread gallery
7
Twiglets1 · 12/09/2023 19:48

It's near a beach!

@OneHundredOtters you need to add that to your search criteria:

Terraced, Crescent, 9 beds, in the North, near a beach.

Original poster
namethisbird · 12/09/2023 19:48

Bottlerecycle · 12/09/2023 19:46

You speak as though you are buying alone

and yet on your other thread you speak about your DH and parents being very concerned about your travelling alone to London 🤔

Where did I say I was buying alone 🤔

I like the house. I want to live there. Doesn’t mean I’m buying alone 🤔… I wish 😂

OP posts:
Bottlerecycle · 12/09/2023 19:49

Where did I say you were buying alone?

Peacendkindness · 12/09/2023 19:49

MidnightOnceMore · 11/09/2023 21:49

Surely this is just a (not very subtle) stealth boast??!

This

Bottlerecycle · 12/09/2023 19:50

You talk about how naive you are re property market

and how “I” will do this and “I” don’t know this and “I” lust after that.

So if you are buying with your husband - is he also very naive and doesn’t know same as you and lusts after this crescent etc

CrashyTime · 12/09/2023 19:51

Bottlerecycle · 12/09/2023 18:25

Comparing the house to what it sold for in 2011 simply demonstrates are absolutely inexperience of the property market

That`s right, thinking that a property has to go up in value just because you "held" it for a few years shows total misunderstanding of how markets work, the main thing to consider is interest rates and how much people can borrow, that is the life-blood of the property market not how long you lived in the house.

Bottlerecycle · 12/09/2023 19:52

From someone who started a three re as about how very anxious her parents and husband were about her travelling alone to London

this somehow seems quite a leap. Can’t put my finger on why. Just does.

i think your comment about this property being on a crescent you”list” after is quite telling.

OneHundredOtters · 12/09/2023 19:53

Twiglets1 · 12/09/2023 19:48

It's near a beach!

@OneHundredOtters you need to add that to your search criteria:

Terraced, Crescent, 9 beds, in the North, near a beach.

Don't worry I'm on it!

And I through the Peak District now so hopefully we will have a bit of signal.

I am suspicious about north of England though

ordinarybarbie · 12/09/2023 19:54

Are you going to put in a cheeky offer OP?

Original poster
namethisbird · 12/09/2023 19:54

Bottlerecycle · 12/09/2023 19:50

You talk about how naive you are re property market

and how “I” will do this and “I” don’t know this and “I” lust after that.

So if you are buying with your husband - is he also very naive and doesn’t know same as you and lusts after this crescent etc

What an odd post.

No he doesn’t particularly want to live there but I do. I am allowed to call estate agents and have my own wants and opinions separate from my DH.

OP posts:
Original poster
namethisbird · 12/09/2023 19:55

ordinarybarbie · 12/09/2023 19:54

Are you going to put in a cheeky offer OP?

I bloody wish.

OP posts:
Bottlerecycle · 12/09/2023 19:58

What an odd post.

agreed Op. Your post! 😂

Bottlerecycle · 12/09/2023 19:59

Oh I love this

the DH doesn’t even want to live there! 😂

YukoandHiro · 12/09/2023 20:00

It might be overpriced but they're really not likely to be out by £700k are they?!

I think you're being a bit naive that you won't be laughed at. No way they're even going to put that offer to the vendor because it's patently unserious.

YukoandHiro · 12/09/2023 20:01

TolkiensFallow · 11/09/2023 21:52

Have a conversation with the estate agent and give them that feedback. “I like it, I’ve done my research, this is a comparable price on a like for like property, can you explain to my why this is marketed significantly in excess of that as my best offer would be £x”

They'll tell you.

Edited

Yeah, this

Twiglets1 · 12/09/2023 20:01

Bottlerecycle · 12/09/2023 19:59

Oh I love this

the DH doesn’t even want to live there! 😂

This thread is the gift that keeps on giving 😂

BasiliskStare · 12/09/2023 20:06

Well all I would say is speak to the estate agent . You are perfectly entitled to offer the price you want to or can afford - the vendor is entitled to tun it down. I think that trying to guess what a house is worth from last sale price many years ago is not the greatest thing. It is what it is worth now. Which as so many have said - is what someone is willing to pay.

Friend of mine had someone come and visit because he wanted her house with a spreadsheet to show her how he had to offer her 50 % of the price to make the renovations he wanted to - so a Phil & Kirsty - engage with the owner type thing. She was polite and kind but said - the house is liveable - if you want to turn the study into a dining room or make the sitting room into two rooms - your choice. So thank you for your research , but no thank you. The house had new electrics / plumbing etc. Anyway she ended up getting 85% of the price ( but not to this chap. ) It was an amicable discussion

Icanseeahousementionedfrommywindow · 12/09/2023 20:12

OneHundredOtters · 12/09/2023 18:55

I happen to be quite bored on a 4.5 hour train journey so challenge accepted!

My top picks for the OPs property are:

www.rightmove.co.uk/properties/129123659

This one is my front runner. It's on a terrace in York and could be 9 beds if you count the flat. www.rightmove.co.uk/properties/86285046

This one is on a crescent in a gated estate in Nottingham but properties in The Park tend to be quite different from each other so I would have thought it would be hard to compare. www.rightmove.co.uk/properties/139694930

As an aside- IfI was going to spend 1.7m on a property in the north of England it would be this one!

www.rightmove.co.uk/properties/135460541

The harrogate 1 is very deceptive. It is actually on the main road- doesnt have a garden and is opposite a sort of HMO
I would price at about £1.2 million.

Palindrone · 12/09/2023 20:15

Have you fudged some of the details to avoid the house being identifiable, OP?

I've extended my search there's not a single house matching your description on Right Move in any English county, north of London or otherwise.

MooseBeTimeForSnow · 12/09/2023 20:16

I reckon it’s somewhere in the Golden Triangle - Harrogate/York/North of Leeds

Icanseeahousementionedfrommywindow · 12/09/2023 20:18

Palindrone · 12/09/2023 20:15

Have you fudged some of the details to avoid the house being identifiable, OP?

I've extended my search there's not a single house matching your description on Right Move in any English county, north of London or otherwise.

You can draw search area to cover the whole country on the mapping tool
£1.7 million is a very rare price it seems

OneHundredOtters · 12/09/2023 20:22

www.rightmove.co.uk/properties/133943126

www.rightmove.co.uk/properties/135032996

www.rightmove.co.uk/properties/138037118

www.rightmove.co.uk/properties/138599612

These are the most promising properties on right move but I don't think it exists

I guess there is a small possibility it's in Scotland as I don't think right move is as popular there

SatelliteStomper · 12/09/2023 20:23

Sublime66 · 12/09/2023 09:24

why do you care what anyone else thinks ? Do what you want

Do you understand the point of discussion boards?

OneHundredOtters · 12/09/2023 20:24

@Icanseeahousementionedfrommywindow I really wish I'd thought of that! 🤦‍♀️

Wouldyouguess · 12/09/2023 20:25

If someone made an offer this low, Id not be selling to them even if they offered the asking price...
Houses went up massively (ours twice the price) since 2011...