My wife and I are in the market for a house and we've seen one we fancy.
The downside is that it's not being sold via an estate agent. It's being sold directly by the owner.
We like the house. It has five bedrooms and the area is 1,500 sq ft but the price is €235k, which is unchanged since it was originally advertised 2 years ago.
There is a house one mile up the road, five bedrooms and the area is 3,800 sq ft for €240k.
There are other houses in the locality that for that size are less than €200k, and their ads on Daft show their prices decreasing over the years since first advertised.
It seems that the estate agents are clued into the market (being professional house sellers) whereas the owner doesn't seem clued in at all.
Obviously, we could just buy the house up the road that's twice the size, but it's not our preferred option. We'd prefer our first choice but get the impression that the owner just isn't up to speed on the reality of the situation.
The house up the road, asking price is €240k, we reckon it's worth €200k, and will put in a bid of €150k.
The house we're interested in, asking price is €235k, we reckon it's worth €150k, and will put in a bid of €110k. But this seems so small an offer; not because is it, but because the asking price is unrealistic relative to other properties in the area.
What to do? Any opinions? I'm sure that if there was an estate agent selling it the asking price would be about €175k.
The downside is that it's not being sold via an estate agent. It's being sold directly by the owner.
We like the house. It has five bedrooms and the area is 1,500 sq ft but the price is €235k, which is unchanged since it was originally advertised 2 years ago.
There is a house one mile up the road, five bedrooms and the area is 3,800 sq ft for €240k.
There are other houses in the locality that for that size are less than €200k, and their ads on Daft show their prices decreasing over the years since first advertised.
It seems that the estate agents are clued into the market (being professional house sellers) whereas the owner doesn't seem clued in at all.
Obviously, we could just buy the house up the road that's twice the size, but it's not our preferred option. We'd prefer our first choice but get the impression that the owner just isn't up to speed on the reality of the situation.
The house up the road, asking price is €240k, we reckon it's worth €200k, and will put in a bid of €150k.
The house we're interested in, asking price is €235k, we reckon it's worth €150k, and will put in a bid of €110k. But this seems so small an offer; not because is it, but because the asking price is unrealistic relative to other properties in the area.
What to do? Any opinions? I'm sure that if there was an estate agent selling it the asking price would be about €175k.