Opening bid

[FrodisCapering]

There's a house we like very much.
It's not perfect but nothing massively wrong.
It's on for 900k (NW).
The highest comparable house nearby in terms of size sold in November for around 740.
There's a house within a mile away in for 850k and it's in good nice, with a massive garden and no renovations needed. It's an older house though. Almost 1000sqf bigger
Would an opening offer of 800k Ben cheeky in these circumstances?

Ours will sell a lot faster because it's in a different area and prices lower.
We've got an estate agent lined up.

We aren't going to do anything yet because I think it will be reduced. We'll take it from there.

Like the idea of using the same estate agent.

Well if it doesn't, it doesn't.
I'm not going to get too stressed!

Not for me!
I'm fairly relaxed about it all.
I really, really like this one, but I'll never pay over the odds for anything. Even the most perfect house ever!

You might get more for your house than you expect - would help bridge the gap to the next one - try!

Wow! Very impressed with your thinking. This is what we need to keep house prices from getting silly. Good luck.

Update: we ran all the details through advanced AI and it's valuation was around what we had thought.
We had a second viewing and made an offer but it's been rejected.
Apparently, we are the only people to have had a second viewing and the house will have been on the market two months this week.
We've left the offer on the table but we are walking away for now and wish the vendor, and anyone who is prepared to pay over the odds, good luck!

Good for you.

Thanks for updating us. I am very impressed that you can be so relaxed about it. Hope you get the right house at the right price.

Thanks for updating us. I am very impressed that you can be so relaxed about it. Hope you get the right house at the right price.

I was speaking to a friend about this and he has a friend who is involved in valuations etc.
He also looked at the pics/floorplan etc and reckons it's over-priced by at least 50k.
Apparently, the estate agents are known in the industry for over-valuing!