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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
Riverlee · 12/09/2023 22:39

From June 2021

Weonlyhavealoanofit · 12/09/2023 22:47

Sometimes people will demand a house be advertised at a certain price to avoid the possibility of a sale. Who is selling the house? If it’s a divorcing couple there may be a reluctance by one of the parties to sell at a realistic price. Ask the agents about the rationale behind the present valuation and don’t waste your time if the response is ‘how dare you’….

MooseBeTimeForSnow · 13/09/2023 04:51

There’s a 7-9 bed place on Moray Place in Edinburgh.

This crescent townhouse is £4.5M though ..

MooseBeTimeForSnow · 13/09/2023 05:11

£1.7M would get you a nice 9
bed detached place in Norfolk

MooseBeTimeForSnow · 13/09/2023 05:12

Aside from that, I’ve got Norfolking idea ….

Bottlerecycle · 13/09/2023 05:46

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

Twiglets1 · 13/09/2023 06:17

MooseBeTimeForSnow · 13/09/2023 04:51

There’s a 7-9 bed place on Moray Place in Edinburgh.

This crescent townhouse is £4.5M though ..

Nice - wonder if they would accept 1M?

housethatbuiltme · 13/09/2023 09:31

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 🤔

So?

I'm married... I'm also buying MY own house with MY own money.

My DH will get the benefit of living there rent free but this is my purchase with my finances.

I'm allowed my own money, life and belongings... you don't cease to exist as an individual who can make their own choices because you have a partner (or parents).

housethatbuiltme · 13/09/2023 09:34

SD25 · 12/09/2023 20:25

the estate agent would never pass on such a low offer to the sellers. makes his valuation look ridiculous.

They legally have too.

I could offer £1 and unless the seller has specifically told EA 'no, block all offers from housethatbuiltme' then the EA HAS to present my offer. He will likely just advise them that Im chancing it and not to take such a low offer. It says nothing about 'him' though.

fbmom · 13/09/2023 10:49

Can you share the independent valuation site? I am also looking to buy so thought it would be helpful
Thanks

RusBun · 13/09/2023 13:19

I have lived in a 3-storey house twice, but not for long. Being vertical and narrow, the space felt so wrong, not to mention constant walking up and down, it quickly wears you out, and I was only in my 30-s back then. This property has 5-6 floors??? Does it have a lift? I visited twice a friend who had an apartment on the 4th floor without a lift, so she only went up once a day, and I could not understand how she does it. She only got it because the rent was cheap. Here you would be going up and down all day. I assure you would soon regret this, whatever the age and fitness you are, and then may struggle to sell.

CrashyTime · 13/09/2023 13:41

RusBun · 13/09/2023 13:19

I have lived in a 3-storey house twice, but not for long. Being vertical and narrow, the space felt so wrong, not to mention constant walking up and down, it quickly wears you out, and I was only in my 30-s back then. This property has 5-6 floors??? Does it have a lift? I visited twice a friend who had an apartment on the 4th floor without a lift, so she only went up once a day, and I could not understand how she does it. She only got it because the rent was cheap. Here you would be going up and down all day. I assure you would soon regret this, whatever the age and fitness you are, and then may struggle to sell.

Edited

If you are properly fit you should be able to trot up and down 4 floors all day long, it is good for you.

housethatbuiltme · 13/09/2023 14:00

RusBun · 13/09/2023 13:19

I have lived in a 3-storey house twice, but not for long. Being vertical and narrow, the space felt so wrong, not to mention constant walking up and down, it quickly wears you out, and I was only in my 30-s back then. This property has 5-6 floors??? Does it have a lift? I visited twice a friend who had an apartment on the 4th floor without a lift, so she only went up once a day, and I could not understand how she does it. She only got it because the rent was cheap. Here you would be going up and down all day. I assure you would soon regret this, whatever the age and fitness you are, and then may struggle to sell.

Edited

Why are you constantly running up and down stairs? Your neighbor must love you

I spend the majority of my day downstairs and majority of night upstairs... theres very little switching up and down let alone 'constant' walking up and down.

TheyCallMeMr · 13/09/2023 14:27

When I lived in a 3 level townhouse, I felt like I was up and down constantly!

I run marathons and I'm very fit but it got right my nerves.

Now I'm in a house with one set of stairs and I don't really notice going upstairs as it's just one set.

Trust me when it's two sets, you notice!!

Oiyouoverthere · 13/09/2023 14:29

housethatbuiltme · 13/09/2023 14:00

Why are you constantly running up and down stairs? Your neighbor must love you

I spend the majority of my day downstairs and majority of night upstairs... theres very little switching up and down let alone 'constant' walking up and down.

Show quote history

Depends on your layout. I once loved in a town house where the kitchen and downstairs loo were on the ground floor, the utility room and living room were on the second floor and then a bedroom, playroom and office were on the third floor. So yeah, lots of up and down. Due to the size of the rooms it wasn't really possible to lay it out differently.

housethatbuiltme · 13/09/2023 14:52

It just sounds like badly designed houses more than anything.

I use to live in a shared townhouse in my early 20s. Kitchen and livingroom on ground floor, bathroom and 2 bedrooms on floor 1 and 2 bedrooms on floor 3. my room was on floor 3 and wasn't constantly up and down.

In the process of buying another 3 floor house this time as a family. Got bathroom, kitchen, living room, playroom and conservatory downstairs. Then 3 bedroomss on first floor (going to add a toilet too once we move in) and then master bedroom and office on top floor.

CrashyTime · 13/09/2023 14:54

Its best just to ignore silly sellers, dont give them the oxygen of attention, they will get the message sooner or later if they really want to sell.

Bottlerecycle · 13/09/2023 15:29

CrashyTime · 13/09/2023 14:54

Its best just to ignore silly sellers, dont give them the oxygen of attention, they will get the message sooner or later if they really want to sell.

Do you do this attention seek @CrashyTime ?

CrashyTime · 13/09/2023 15:32

If this house was 800k a few years ago when interest rates were well below zero I can`t really see it going for more than 800k now TBH, they definitely missed the selling window.

RusBun · 13/09/2023 16:15

Looking at the picture of that townhouse, there would be 2 rooms and a stair on each floor, maybe plus a very small room or a bathroom as well. Plus it is spread over 5-6 floors. Try to go into a multi-storey building with a steep narrow stair and keep walking up and down, you will get the idea. Victorian houses have very steep stairs, as I remember. And also take into consideration your age, it might be OK now, but after 45-50 you might find it too much, by 60 - impossible when breathlessness and joint/knee pain will kick in. For that money you can get a big 2-storey house and stay in it for the rest of your life.

ReliantRobyn · 13/09/2023 16:23

ohboohoo · 12/09/2023 20:49

Don't be so desperately patronising just because you are pissed off that some people gave more money than you.

Show quote history

How much money have you given?

Mildura · 13/09/2023 16:58

CrashyTime · 13/09/2023 15:32

If this house was 800k a few years ago when interest rates were well below zero I can`t really see it going for more than 800k now TBH, they definitely missed the selling window.

I mean, £800k 12 years ago…..

RockaLock · 13/09/2023 17:10

RusBun · 13/09/2023 16:15

Looking at the picture of that townhouse, there would be 2 rooms and a stair on each floor, maybe plus a very small room or a bathroom as well. Plus it is spread over 5-6 floors. Try to go into a multi-storey building with a steep narrow stair and keep walking up and down, you will get the idea. Victorian houses have very steep stairs, as I remember. And also take into consideration your age, it might be OK now, but after 45-50 you might find it too much, by 60 - impossible when breathlessness and joint/knee pain will kick in. For that money you can get a big 2-storey house and stay in it for the rest of your life.

That's a really odd comment. Just out of interest RusBun, how old are you? Are you so young that you think 45-50 is ancient?!

I am 48 and stairs really wouldn't be a problem for me or for anyone I know the same age as me or even (shock) in their 50s!

abbey44 · 13/09/2023 17:20

RusBun · 13/09/2023 16:15

Looking at the picture of that townhouse, there would be 2 rooms and a stair on each floor, maybe plus a very small room or a bathroom as well. Plus it is spread over 5-6 floors. Try to go into a multi-storey building with a steep narrow stair and keep walking up and down, you will get the idea. Victorian houses have very steep stairs, as I remember. And also take into consideration your age, it might be OK now, but after 45-50 you might find it too much, by 60 - impossible when breathlessness and joint/knee pain will kick in. For that money you can get a big 2-storey house and stay in it for the rest of your life.

Not everyone over 60 is decrepit, you know…. 🙄 I’m 65 and live in a four-storey townhouse, it’s not impossible to get up and down the stairs just yet.

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