Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Buying a house - price guide query

7 replies

PDJ8 · 02/01/2025 17:45

we are looking for a house and a house has come up in Gravesend area. It is priced 325k but in the bio it says 325-375k?! Surely people would start at the lowest price ? I have read that EA put this range to draw in a bigger audience but it’s advertised as 325k so will surely only get people on that side of the scale
is it worth viewing and putting in an offer of 325?
TIA

OP posts:
Jabbabong · 02/01/2025 17:52

Have a look at it first and then ask the agent what price they need to get.

PS the interior is lovely. Shame about the fake grass.

Twiglets1 · 02/01/2025 18:01

PDJ8 · 02/01/2025 17:45

we are looking for a house and a house has come up in Gravesend area. It is priced 325k but in the bio it says 325-375k?! Surely people would start at the lowest price ? I have read that EA put this range to draw in a bigger audience but it’s advertised as 325k so will surely only get people on that side of the scale
is it worth viewing and putting in an offer of 325?
TIA

Yes definitely worth viewing the property and offering 325k if the house is worth that to you.

PDJ8 · 02/01/2025 18:19

Jabbabong · 02/01/2025 17:52

Have a look at it first and then ask the agent what price they need to get.

PS the interior is lovely. Shame about the fake grass.

seeing as you’ve looked at the property what do you think it’s worth based on the pictures ? lol

OP posts:
rainingsnoring · 02/01/2025 18:48

I think I've found it too. Is it the one where the lead photo is the kitchen rather than the exterior? I would agree with you that having such a huge range is off putting.
The price that the sellers want is irrelevant. What you, as potential buyers think it is worth is the only relevant thing if you are considering making an offer.

If you look at the previous sold prices in the street and nearby (see towards the bottom of the listing), the comparable seem to be high 200s-low 300s (see towards the bottom of the listing). Those being marketed at 375k (under offer so actual sale price unknown) are significantly larger and nicer. I think they were hoping that the shiny kitchen would add an extra 20%!
There's no harm in going to view it at all but research your local market really carefully and view others too over the next few months unless you are able to secure this or anything else for a great price.

Flubadubba · 02/01/2025 18:59

Ignore.my post. I found it and it's on the opposite side of town.

AlwaysGrateful · 02/01/2025 21:33

I hate it when agents do a price range as who would offer the higher price if you can get away with offering the lower price. I would make an offer and see how you go, offer low and hope for the best. Good luck

EagerHouseMover · 03/01/2025 14:58

We had a range, although pur range was smaller (a range of 25k not 50k). At the time there was no urgency to sell. Not the actual numbers, but EA said 250k would be the max/optimistic. We wanted a minimum of £235k to make it worth it for us.
House went on sale for 2 weeks for 250k - one viewing, zero offers.

We then went on for range of 225 -250. We got 4 viewings within a few days. Of those 4 viewings, we had an offer of 225k. We said no. EA booked in another viewing for us. The day the other viewer came round, first couple increased to 227k. We said we'd consider it, but as other viewer was already booked on please show them round first.

Second viewer loved it. EA told them that we had an offer on the table that we were thinking about (true). He told them that he couldn't tell them exactly what the offer was, but did say, 'The range is between 225 and 250k. The offer on the table is within that range'. (Again true).
Second couple came straight in with an offer of 235k, which is what we had been hoping for, and they were the couple in the better position (FTBs), so we accepted their offer. So for us, it did work well as a sale technique.

The place we're buying also had a range. We went straight in on the middle and it was accepted.

New posts on this thread. Refresh page