and did you get it? (Ran out of characters)
Ed. you'd better grab a mug of coffee if you're going to read this...
OK, so my children are going to fantastic schools in completely opposite directions and my location requirements are therefore fairly specific unless we move to a village en route. I found a house this morning which is overpriced. It's a four bed semi on a very good street unfortunately (don't care about the snob value, just need son to be near the bus stop). It's deceased estate and has been empty for a year. I'd tried to find the owner as knew it was about to come on the market from a friend who has just bought in the same street. I like it as it has a lovely garden but it's a complete tip, very run down, needs double glazing, new kitchen, completely redecorating etc.
The one next door which is double glazed, show house condition new kitchen, bathroom etc sold for a few thousand less than they are asking for this one six months ago and prices have gone down 5% since then according to Zoopla.
My friend bought a 4 bed detached (in worse state eg no central heating) at the end of the street for less than 10k more. Actually discussed this with the valuer when he phoned to tell me he'd just listed it. It's very close to the local hospital and a consultant could just buy it, especially one from out of the area. I'm not head over heels about it which is something, but would like it.
We've sold our own so are in a good position from that point of view, but would still need a mortgage so are not cash buyers.
The value is, of course, whatever someone is prepared to pay, but the actual value is around 15% less than the asking price. How much less would you offer? What are your house buying experiences if you're still awake?