find somewhere you are not overlooked and you don't need either - great with the mornings now.
The nervous wait to exchange....
- Thread starter noj
- Start date
That's very nice.It is really nice, hence we were in the process of purchasing it.
Can you not stretch and pay what's needed? or you reliant on the lender?
Associate
The rest of the house is really lovely too. We can afford to, our offer was more than the valuation but we are not willing to overpay by £30k and the vendor isn't willing to drop to the valuation either. So we're at a stalemate with money spent on both sides.
A few more photos, including the £10k Playroom/Office and Orchard views from the front:
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In all fairness though, a shell of a new build won't have much going for it. They've covered a good "£20K" in regular human costs by getting wardrobes fitted. It definitely looks like a turn key "forever" home. I am £40k in to my 1930s refurb and still don't have any of those things 
Soldato
But I bet your child doesn't have a star for a head either. Swings and roundabouts.In all fairness though, a shell of a new build won't have much going for it. They've covered a good "£20K" in regular human costs by getting wardrobes fitted. It definitely looks like a turn key "forever" home. I am £40k in to my 1930s refurb and still don't have any of those things
Dayum man. I'd be willing to do the 30 if they left a few more goodies. That is a seriously lovely family home.The rest of the house is really lovely too. We can afford to, our offer was more than the valuation but we are not willing to overpay by £30k and the vendor isn't willing to drop to the valuation either. So we're at a stalemate with money spent on both sides.
A few more photos, including the £10k Playroom/Office and Orchard views from the front:
Associate
Thanks, it’s why we really liked it too. Happy to budge a bit but not by £30k. It is a good size, good location and still under warranty. Any tips on approach?
1) do you think the downvaluation is a fair reflection of the property sales in the area - if no, challenge the downvaluation
2) are you 100% prepared to walk away from the property if unable to reach a compromise - if no, well the seller has you bent over the barrel without lube
2) are you 100% prepared to walk away from the property if unable to reach a compromise - if no, well the seller has you bent over the barrel without lube
... you immediately hit listing with playroom image - similar ones kitted out similarly 75k less https://www.rightmove.co.uk/properties/144799421
not a b-mol though - absence of outlook/view via patio doors, from the sofa area ? playrooms lovely.
not a b-mol though - absence of outlook/view via patio doors, from the sofa area ? playrooms lovely.
Pay the 30k lol. There is about 15k of landscaping alone based on todays rates. Are you saying you've got them biting at 875?
this is the other house that's on the market for £875k same location
www.rightmove.co.uk
with this in mind, im not surprised it was downvalued.
Check out this 5 bedroom detached house for sale on Rightmove
5 bedroom detached house for sale in Gransden Road, East Malling, West Malling, Kent, ME19 for £875,000. Marketed by Wards, Larkfield
www.rightmove.co.uk
with this in mind, im not surprised it was downvalued.
Associate
We agree with the valuation, their selling agent says it's not worth the challenge too. The house is 1 year old, prices have increased by 1-2% since they purchased it which is inline with the valuation regardless of the work they've done, which has done nothing to increase the value.1) do you think the downvaluation is a fair reflection of the property sales in the area - if no, challenge the downvaluation
2) are you 100% prepared to walk away from the property if unable to reach a compromise - if no, well the seller has you bent over the barrel without lube
We are 100% prepared to walk away. The house had a few compromises too, which we are happy to live with but we don't want to over pay.
Associate
We agreed £870k, valuation came back at £840k.
Associate
They just saw ££££ signs after seeing this listed (and Sold STC), they paid £710k for that a year ago. It's quite a bit smaller, too.this is the other house that's on the market for £875k same location
Check out this 5 bedroom detached house for sale on Rightmove
5 bedroom detached house for sale in Gransden Road, East Malling, West Malling, Kent, ME19 for £875,000. Marketed by Wards, Larkfield
with this in mind, im not surprised it was downvalued.
@Chris344 if you're willing to walk away then signal that to the agent
it's been on the market for over 2.5 months now and also how many were interested before your offer was accepted? - i think these would be factors if the vendor would be willing to budge
if yours was the only reasonable offer in the last couple of months then your threats have more weight
say you're willing to negotiate to bridge the 30k gap but would want some movement from the vendors as well
also depends whether there is a chain involved...the longer the chain the less likely that all involved will want to budge their agreed price
it's been on the market for over 2.5 months now and also how many were interested before your offer was accepted? - i think these would be factors if the vendor would be willing to budge
if yours was the only reasonable offer in the last couple of months then your threats have more weight
say you're willing to negotiate to bridge the 30k gap but would want some movement from the vendors as well
also depends whether there is a chain involved...the longer the chain the less likely that all involved will want to budge their agreed price
ah
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Jesus...this is the other house that's on the market for £875k same location
Check out this 5 bedroom detached house for sale on Rightmove
5 bedroom detached house for sale in Gransden Road, East Malling, West Malling, Kent, ME19 for £875,000. Marketed by Wards, Larkfield
with this in mind, im not surprised it was downvalued.
That house here would be nearly £150-200k less!
Associate
Exactly.
Associate
Thanks @tamzzy@Chris344 if you're willing to walk away then signal that to the agent
it's been on the market for over 2.5 months now and also how many were interested before your offer was accepted? - i think these would be factors if the vendor would be willing to budge
if yours was the only reasonable offer in the last couple of months then your threats have more weight
say you're willing to negotiate to bridge the 30k gap but would want some movement from the vendors as well
also depends whether there is a chain involved...the longer the chain the less likely that all involved will want to budge their agreed price
ah
It has been listed for a while. They had an offer accepted before ours at £900k but the buyer suddenly pulled out without explanation. There's been no other interest according to the agent, he also told our agent that it isn't worth the asking price. It should never have been listed at £950k. Our buyer is cash, and the vendors have found their "dream" home and in a rush to sell.
Looking at the local area, this is expensive. There's another detached 4 bed property on the development that is on at £575 - it's far more realistic (as they paid £550k), at £375k less than this one: https://www.rightmove.co.uk/properties/146553938#/?channel=RES_BUY