whiskywill":mevak7q6 said:
Mark A":mevak7q6 said:
david123":mevak7q6 said:
We want a detached house with 3+ bedrooms, garden, off-road parking and in a rural/semi-rural location. And not for a ludicrous price. There are houses round here which meet some of our criteria, but very few which have it all.
Depends what you call a ludicrous price. I know of a detached house with 4/5 bedrooms, garden, off-road parking for about 5 cars and in a rural/semi-rural location and it has a workshop, on sale for £255,000. The only downside is its next door (by about 30 metres) to me. :mrgreen:
p.s. Google maps (or Earth) postcode CF39 8TE lands right on top of it..
A house as you described would be valued
considerably more than that.
I can't figure out the estate agent's logic regarding valuations, because every property we've seen is between £50,000 and £150,000 overvalued. Yes, we can offer a realistic price, but who would accept a hundred grand less if they've just been told by the so-called "expert" their house is worth so much more?
As property is so overvalued, the market in the areas we would like to move to is almost stagnant - only the people who are willing to negotiate a drastically lowered price actually sell. How the agents make money I don't know, because nothing is moving.
An analogy I've used to describe the agent's valuations:
Imagine two houses. Both have three bedrooms, two reception rooms, off-road parking and a reasonably sized garden. One has just been renovated throughout to a very high standard. Valued at £325,000. The other house is an absolute wreck. Valued at £309,950.
Even if the second house could be bought for £290,000, it would be impossible to bring it up the same standard as the neighbour's, pay stamp duty AND see any return at the end of it all. A realistic price would be around £250,000, but no-one would accept that...
It's driving me nuts :x
Mark