Buyers questioning a low valuation?

Cinnabubs · 14/06/2026 19:07

Well is it low?

If so, why?

Buscobel · 14/06/2026 19:32

Is it in line with similar properties in the area? It is unusual certainly, since the opposite seems to be the case generally. I expect people are thinking that there’s a problem that’s not been disclosed maybe.

highlandhugs · 14/06/2026 19:45

Got a link? Maybe we'll see what they're seeing :)

Honeyhonay · 14/06/2026 19:47

“How do you respond to this other than explaining a house is only worth what you are prepared to offer”
Well don’t say that, Jesus! Sounds like you’re admitting there’s a whole host of hidden problems.

bignewprinz · 14/06/2026 19:54

Just say you don't think it's low in the current market.

Of course, if you do now think it's low, you may want to put it up!

Tortephant · 14/06/2026 19:54

You don't. You wait for offers. And if it is too low people will offer over.

GreatOffWhiteFalcon · 14/06/2026 20:02

You say you are pricing realistically in a difficult market because you want a sale.

Superscientist · 14/06/2026 20:27

We are in serious position about moving, we have listed at a fair price which we believe we can achieve. We don't want to get into a dance of having the house on the market for 6 months slowly nudging the price down every month.

What was the estate agents justification for the price?

Lamplight101 · 14/06/2026 22:20

You went live last Wednesday and no-one has seemingly snapped it up - it can't be that low. Had it been marketed at too low a price you would already be awash with offers and moving to sealed bids.

KeepPumping · 14/06/2026 23:13

bignewprinz · 14/06/2026 19:54

Just say you don't think it's low in the current market.

Of course, if you do now think it's low, you may want to put it up!

Or you could hit the North and get a bargain on your next purchase?

KeepPumping · 14/06/2026 23:15

Lamplight101 · 14/06/2026 22:20

You went live last Wednesday and no-one has seemingly snapped it up - it can't be that low. Had it been marketed at too low a price you would already be awash with offers and moving to sealed bids.

No you wouldn"t, demand for property has fallen a lot recently. Sealed bids are a historical curiosity now.

notthatoldchestnut · 14/06/2026 23:15

Tell them you’re happy for them to offer over the asking price?

oliviaAustin · 14/06/2026 23:17

‘The owners are looking for a quick sale’

Original poster

hididdlyho · 14/06/2026 23:25

Our EA said the last house he priced on our road at the start of the year was taken 'back to brick' and everything was redone then all at once; rewiring, boiler, roof, plastering, flooring, redecorating all simultaneously, so I can see his rationale. I did think it was priced on the high side for our neighbourhood and it took a couple of months to sell.

We've replaced the boiler, roof, bathroom, kitchen, driveway (landscaped the gardens) during the 12 years we've lived here, which I've explained and given accurate dates when each has happened to viewers. Our plot is much bigger (and nicer) in my opinion than the latest one the EA sold, so I can, see why people have been drawn to book a viewing.

When we instructed our EA we did have somewhere in mind that we were interested in buying, but I'm not sure that seller really wants to sell as we've been brushed off booking a viewing. I've been clear with the EA and viewers that we don't have anywhere immediately lined up to move to, but still are motivated to move this year.

We're in the north (ass end of Yorkshire, so much slower pace of life than London) and agreed to the first viewing on Thursday (3 days ago) evening (which resulted in an initial 95% offer which we declined). We're not house flippers and are also currently in the process of selling our business, so then turned down some viewing requests for Friday and asked to limit the remaining viewings to be done over weekends, with some second viewings scheduled for this Monday. I don't believe that the valuation is 'too low' but I retrospect I can seen why viewers are questioning the price, now I've looked more closely at what's currently available nearby, but I suspect these sellers might be overestimating the value of their houses.

I've told the people who viewed today (when asked) that we're currently looking for asking price offers when they've asked our position and what price we're willing to accept. I suppose what I'm asking is the best way not to alienate potential future buyers if we get offered the asking price but can't find anywhere to move to.

OP posts:

KeepPumping · 15/06/2026 12:57

hididdlyho · 14/06/2026 23:25

Our EA said the last house he priced on our road at the start of the year was taken 'back to brick' and everything was redone then all at once; rewiring, boiler, roof, plastering, flooring, redecorating all simultaneously, so I can see his rationale. I did think it was priced on the high side for our neighbourhood and it took a couple of months to sell.

We've replaced the boiler, roof, bathroom, kitchen, driveway (landscaped the gardens) during the 12 years we've lived here, which I've explained and given accurate dates when each has happened to viewers. Our plot is much bigger (and nicer) in my opinion than the latest one the EA sold, so I can, see why people have been drawn to book a viewing.

When we instructed our EA we did have somewhere in mind that we were interested in buying, but I'm not sure that seller really wants to sell as we've been brushed off booking a viewing. I've been clear with the EA and viewers that we don't have anywhere immediately lined up to move to, but still are motivated to move this year.

We're in the north (ass end of Yorkshire, so much slower pace of life than London) and agreed to the first viewing on Thursday (3 days ago) evening (which resulted in an initial 95% offer which we declined). We're not house flippers and are also currently in the process of selling our business, so then turned down some viewing requests for Friday and asked to limit the remaining viewings to be done over weekends, with some second viewings scheduled for this Monday. I don't believe that the valuation is 'too low' but I retrospect I can seen why viewers are questioning the price, now I've looked more closely at what's currently available nearby, but I suspect these sellers might be overestimating the value of their houses.

I've told the people who viewed today (when asked) that we're currently looking for asking price offers when they've asked our position and what price we're willing to accept. I suppose what I'm asking is the best way not to alienate potential future buyers if we get offered the asking price but can't find anywhere to move to.

Edited

If you can"t move quickly doesn"t that alienate a serious buyer?

Keepoffmyartichokes · 15/06/2026 13:14

I would not be telling buyers you don't have anywhere to move to. We sold out house within 2 days, we had already been looking and we did manage to get a house we loved, if not you will have to rent.

WillieBanjo · 15/06/2026 13:37

My next-door landlord owned a nice family home in our area, and he put it up to sell quickly and it didn't sell. He thought for similar reasons to you. Was advised by a friend to increase it by £30 000 and sold it in a week!!

Put in t/up Op asap

DrySherry · 15/06/2026 13:47

This kind of question has more than likley come from your local competition. Or someone they have asked to go and look at your house.
I would just pass them this article and explain, as rightmove are trying to, that it because of the world cup.

https://news.sky.com/liveblog-webview/money-live-consumer-personal-finance-tips-sky-news-latest-13040934

Twiglets1 · 15/06/2026 13:58

Questioning a low valuation - that's odd.

I would say we chose to value realistically rather than start on the high side and then have to come down.

But when selling a property myself in the past, I try to keep conversations with potential buyers to a minimum and let the EA do the viewings and field general questions.