Making an offer on a house

[Pusstachio]

Our house has been prepared to go on the market, we were waiting to list until January. Two similar homes in our development have sold, listed at our price point within 3 weeks recently.

We’ve just seen a house we like, has been on the market 18 months and has come down in price £100k from £690k in that time.

It’s still pretty overpriced, smallest house on the street and 3 bed in need of complete modernisation. A recent 4 bed in turn key condition sold for £725 which I think is why they priced it where they did.

We want to offer £525k, immediately list our house and ask they give us until mid Jan to sell ours. We were also considering offering to do the survey up front to evidence commitment to buy….

Is this a bad idea? We’re complete house buying novices having only bought our original home as FTBs a loooong time ago

That sounds like a normal amount of viewings for a newly listed house @Pusstachio. It sounds as if you have chosen a sensible figure and presented it well. I expect they are planning to re-list the original house at some point in the Spring, in the hope that there will be more potential buyers around.

It's never a bad thing to have multiple viewings lined up.

Even if it has been undervalued (which not many EAs do), it doesn't matter. If that is the case you can expect multiple offers over the next couple of weeks and that will drive the price up naturally as the EA can ask the interested and proceedable people to move to "best and final offers".

Ah thanks this is immensely reassuring!

Yes we put a lot of effort into decluttering for the photography and have invested in what DH calls ‘poncey tat’ like potted orchids, new towels/door mats/tea towels etc to give the best impression possible. I guess we’ll see what happens next.

Good Luck!