House purchase thoughts in current market

SpeedFreak

SpeedFreak

SpeedFreak

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Joined
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Under the Hill
Hi,

we're looking to buy a house in north Bristol and I was just after some thoughts. We've seen a house that we like but the price seems a little optomistic. It's on the market for £305k with a neighbouring house selling for £270k in August last year that is similar in size, plot and finish.

The current owners of this property paid £246k in July 05. Do you think that currently the valuation is realistic or a case of an estate agent telling them to start very high?

The property link is below, thanks for any input:

http://www.rightmove.co.uk/property-for-sale/property-33232453.html
 
My view is that the property market is going to remain flat for the next few years.

It's a buyer's market. Estate Agents will always tell them to start high. Don't be afraid to make cheeky offers, they can only say no.

Rgds
 
radderfire said:
My view is that the property market is going to remain flat for the next few years.

It's a buyer's market. Estate Agents will always tell them to start high. Don't be afraid to make cheeky offers, they can only say no.

Rgds
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Like the price they paid in 2005 cheeky?
 
Depends on a lot of things~:
How long it's been on the market
How many offers have they had
How many viewings
Are you a first time buyer or someone not in a chain

If most of those are in your favour i'd start very low, you can always increase your offer. If you offer 250k and they accept what would you do... kick yourself for not starting lower!
 
Glaucus said:
What I mean, is all those house are built out paper and have no noise insulation. As do most modern houses.
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lol, if i had my choice we'd be moving to a georgian property with high ceilings in Cotham/Redland but with the little one and child care it's not an option.
 
I love those houses. Wish I was back down that way.
At least im not in Bradley stoke any more, that broke the bank getting back from town.

It's a nice area though and being so close to parkway helps.
 
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As said, you may as well ask, worst they can say is no. I would always start off lower than I'd be willing to go to allow room for bargaining.

Snagged an apartment for €30k as a result of doing exactly that.
 
Glaucus said:
I love those houses. Wish I was back down that way.
At least imnit in Bradley stoke any,ore, that broke the. Bank getting back from town.

It's a nice area though and being so close to parkway helps.
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On the phone then lol. Much prefer Stoker Gifford as generally the houses are a little older and better built.
 
singularity said:
those look new though



looks ok to me, don't you pay more for stoke gifford?

anyway offer what you think it's worth
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I was speaking generally. We had a sale agreed previously then the buyer pulled out at the last minute on a nice house in stoke gifford. I'm thinking that this should be £270 max and with the current increase in borrowing I don't think £250 is unreasonable.
 
so they paid 246k 7 years ago - what exactly has happened in the past 7 years to make it worth nearly 60k more than they paid for it? Current asking prices are sheer fantasy, rent for another couple of years and you could save yourself several years wages.

edit: just look at what has happened to the property market in the USA and Ireland for a little taster of what will be coming to the UK soon...
 
culvers said:
so they paid 246k 7 years ago - what exactly has happened in the past 7 years to make it worth nearly 60k more than they paid for it? Current asking prices are sheer fantasy, rent for another couple of years and you could save yourself several years wages.

edit: just look at what has happened to the property market in the USA and Ireland for a little taster of what will be coming to the UK soon...
Click to expand...

Rent free at the minute with money in the bank/gold, just waiting to see what happens but in reality I won't wait forever.
And the "added value" is my real problem with the pricing.

maccapacca said:
what part of a poorly insulated white painted rendered white pvcu windows plastic rainwater goods concrete tiled roof missing a ridge tile awkward layout shared drive and parking is character?

I'm calling damp as well but that's a flyer
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I'll see when I view it :p
 
It's funny that the general public feel that high house prices are actually a good thing in the UK. The BBC are pedalling this pro house price inflation crap on a regular basis as well.
 
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