Topic ID 3931
We are house hunting & there are a couple of properties we are interested in, but feel are way overpriced - anyone know of any sites that can give a realisitic value of the houses (as we know when they were acquired/purchase price via houseprices)? Thanks
Reply ID 56972
mypropertyspy.co.uk
Reply ID 56974
those sites, including Zoopla are a load of bollox. I would look for at least a 15/20% discount over the asking price at the moment to insulate from further falls...
Reply ID 56978
a site isnt going to tell you this really. all you can do is look up recent sale prices but if no similar properties have been recently sold then it's going to be very hard to know what the value is!
Reply ID 56979
Prices seem to be dropping and surely a cheeky offer will give you an indication of whether the agents have priced it high to see if they can get a bit more on the off-chance. Best to just put in an offer on those properties that catch your eye and see what happens. Good luck [:)]
Reply ID 56986
It's almost impossible to value a property in such a slow market with so few comparators. Boring old cliche, I know, but a house is only worth what someone's prepared to pay for it. I agree with KK: put in an offer and see if it's accepted. If not, are you prepared to pay more?
Reply ID 56988
If we knock 15-20% off our asking price there's no point moving as we can't get to the next rung! Cheeky requests will also get you rude answers as a dear friend of ours has experienced. A property may only be worth what someone's willing to pay for it, but for those of us who are not forced to sell right now, something's worth what the owner is willing to let it go for. I think most of Hertford is in a stand off between buyers who actually have funding and sellers. Exiled: there is insulating and then there's sticking it to the vendor. The vendor who's willing to take your low offer may be in financial straights through no credit card laden, shopping frenzied, debt-mad fault of his own; he may have chosen a mortgage wisely and been made redundant so between him/her and their spouse their finance books don't balance. Not your problem? That's cool. But what goes around comes around. Another thought is: would you gazunder, too? [:)]
Reply ID 56989
gazundering is apparently par for the course in todays market - a report in the paper said that 50% of sales at the moment result in a last minute price change.
Reply ID 56991
Thanks everyone. One of the properties is over £100k what the vendor bought it for over 2 years ago, so really we have questions to ask about what work has been carried out on the property since acquistion. But even when taking that into account, it is most definitely not worth the additonal £100k plus.
Reply ID 56993
quote:I would do anything legal to get the lowest possible price. If anyone thinks that you should do otherwise you are very naive indeed. As an aside I have worked in the past doing repossessions for major banks, its simple enough work, but they will do anything to keep the security for their charge - that includes selling your house for considerably less than you think its worth if need be then coming after you for the rest if their charge isn't released by the sale. Believe me, coming up with the old Karma argument won't wash with the Clydesdale bank. The lower you get the property for the less chance you have of running into problems if things get worse in the market. If you only have very limited equity you had better cross all your fingers and toes that the market stops diving - because if you are coming to the end of a fixed term product you will have a devil of a job to remortgage - most people will not be able to remortgage and will be stuck on their lenders SVR, which will cripple them. Perhaps you should also check out Allsopps auctions, Hertford properties spring up there from time to time. Next time, it could be yours....
Originally posted by Mr P
If we knock 15-20% off our asking price there's no point moving as we can't get to the next rung! Cheeky requests will also get you rude answers as a dear friend of ours has experienced. A property may only be worth what someone's willing to pay for it, but for those of us who are not forced to sell right now, something's worth what the owner is willing to let it go for. I think most of Hertford is in a stand off between buyers who actually have funding and sellers. Exiled: there is insulating and then there's sticking it to the vendor. The vendor who's willing to take your low offer may be in financial straights through no credit card laden, shopping frenzied, debt-mad fault of his own; he may have chosen a mortgage wisely and been made redundant so between him/her and their spouse their finance books don't balance. Not your problem? That's cool. But what goes around comes around. Another thought is: would you gazunder, too? [:)]
Reply ID 56994
& on that happy note....
Reply ID 56995
quote:There is nothing happy about the economy and the housing market at the moment. As an example: http://www.rightmove.co.uk/viewdetails-19980307.rsp?pa_n=2&tr_t=buy&mam_disp=true This will probably now be sold for sub 100k. At the peak of the market flats here were selling for over 190k - all much the same. So thats a 100k drop in real terms - and it's not all that far from home either...
Originally posted by Capitalist piglet
& on that happy note....
Reply ID 56996
It's anybody's guess. Recent sales and purchases within the family include one at 7% down, one at 11% down and one at 5% up. The 5% up transaction was the fastest to complete. Go figure, as our US counterparts might say.
Reply ID 56997
mypropertyspy wouldn't work :o( Tried Zoopla & it estimated the property is currently worth £16,500 more than the current owners paid for it. Interesting....
Reply ID 57003
quote:And you may be disapointed that you don't get many houses in Hertford that you offer on.
Originally posted by exiled_in_Reading
I would do anything legal to get the lowest possible price.
quote:Agreed, they're only after the money. And those who put in ludicrously low offers are not the Clydesdale bank.
..coming up with the old Karma argument won't wash with the Clydesdale bank.
quote:The lower we sell our home for the less we have in the bank to pay for the next rung (and we're not talking about taking any old thing in any old location, that's easy, it's also not what we want.) and everyone is put in the same position along the chain making the chain longer (timewise) and more inclined to break. I say again: I think Hertford is in a stand off between buyers & sellers. Lots of people have become accustomed to the unbending concept of a property will make you money, regardless of market conditions. And while I agree that prices need to move with the times, scr*wing someone over for your own personal gain and an infintessimal battery of 'what ifs' is not some thing I agree with. The only people who can take a beating on the price are those who really, really have to sell.
The lower you get the property for the less chance you have of running into problems if things get worse in the market.
quote:Ahh, you cheery devil you! [:D][:D] Next time it certainly won't be us. We are in the fortunate position of not having to sell, but chosing to. I wonder who else on the market is doing the same...? And if anyone tried gazundering us, we'd quite happily, and quite mercilessly, break the chain. We would honour the price we offered and expect others to do the same. Naive? Maybe. But that's our choice and the opinion you are perfectly entitled to.[:)]
If you only have very limited equity you had better cross all your fingers and toes that the market stops diving - because if you are coming to the end of a fixed term product you will have a devil of a job to remortgage - most people will not be able to remortgage and will be stuck on their lenders SVR, which will cripple them. Perhaps you should also check out Allsopps auctions, Hertford properties spring up there from time to time. Next time, it could be yours....
Reply ID 57004
Then Mr. P, you wont sell. Simple as that. Anyone choosing (or at least expecting) to sell in this market is mad. Good luck though - you'll need it.
Reply ID 57005
quote:Unless you find yourselves in a position like ours - coming to the end of a fixed term deal with Saffron Building Society at 5.45%, which will then move on to the BOE base rate plus 0.45%, which will allow us to overpay the mortgage £200-ish a month. Hoping not to have to move for a couple of years but you never know...
If you only have very limited equity you had better cross all your fingers and toes that the market stops diving - because if you are coming to the end of a fixed term product you will have a devil of a job to remortgage - most people will not be able to remortgage and will be stuck on their lenders SVR, which will cripple them.
Reply ID 57007
quote:Indeed. No need to remortgage coming out of fixed interest now the rates are lower. I'd say this is a good time to trade up, if that's what you want. Assuming house prices are lower now (by no means certain, as it depends on what you're buying), your own property may fetch a lower price but the one you are buying is likely to be deflated by a similar percentage, making the gap smaller. Hence, the amount needed to borrow is less and the interest rates likely to be very favourable. It may get even better, if prices come down more, but don't miss the boat!
Originally posted by Jo Squote:Unless you find yourselves in a position like ours - coming to the end of a fixed term deal with Saffron Building Society at 5.45%, which will then move on to the BOE base rate plus 0.45%, which will allow us to overpay the mortgage £200-ish a month. Hoping not to have to move for a couple of years but you never know...
If you only have very limited equity you had better cross all your fingers and toes that the market stops diving - because if you are coming to the end of a fixed term product you will have a devil of a job to remortgage - most people will not be able to remortgage and will be stuck on their lenders SVR, which will cripple them.
Reply ID 57008
quote:And that would be great, except all the mortgages on offer are not good unless you have a 20% deposit available which we unfortunately don't[V]. Still, a good time to pay ahead on our mortgage for a while.
Originally posted by shuntquote:Indeed. No need to remortgage coming out of fixed interest now the rates are lower. I'd say this is a good time to trade up, if that's what you want. Assuming house prices are lower now (by no means certain, as it depends on what you're buying), your own property may fetch a lower price but the one you are buying is likely to be deflated by a similar percentage, making the gap smaller. Hence, the amount needed to borrow is less and the interest rates likely to be very favourable. It may get even better, if prices come down more, but don't miss the boat!
Originally posted by Jo Squote:Unless you find yourselves in a position like ours - coming to the end of a fixed term deal with Saffron Building Society at 5.45%, which will then move on to the BOE base rate plus 0.45%, which will allow us to overpay the mortgage £200-ish a month. Hoping not to have to move for a couple of years but you never know...
If you only have very limited equity you had better cross all your fingers and toes that the market stops diving - because if you are coming to the end of a fixed term product you will have a devil of a job to remortgage - most people will not be able to remortgage and will be stuck on their lenders SVR, which will cripple them.
Reply ID 57026
Good idea in theory if you can't get a better rate elsewhere. Without going into too much financial detail as this isn't a personal finance forum, but I can personally get a guaranteed better rate of return elsewhere. Good luck everybody! [:)]
Reply ID 57030
quote:Yes this is what we are trying to do, if we see the right house & at the right price - will be interesting to see how the current owners can add over £100k on to what they paid for it 2 or so years ago!!
Originally posted by shunt
I'd say this is a good time to trade up, if that's what you want.
Reply ID 57032
quote:That would depend on the total value (percentage of) and whether significant improvements have been made. The land registry will not show the latter.
Originally posted by Willowquote:Yes this is what we are trying to do, if we see the right house & at the right price - will be interesting to see how the current owners can add over £100k on to what they paid for it 2 or so years ago!!
Originally posted by shunt
I'd say this is a good time to trade up, if that's what you want.
Reply ID 57207
quote:No significant improvements made, in fact virtually no improvements made! Therefore, the house not worth the price.
Originally posted by shuntquote:That would depend on the total value (percentage of) and whether significant improvements have been made. The land registry will not show the latter.
Originally posted by Willowquote:Yes this is what we are trying to do, if we see the right house & at the right price - will be interesting to see how the current owners can add over £100k on to what they paid for it 2 or so years ago!!
Originally posted by shunt
I'd say this is a good time to trade up, if that's what you want.
Reply ID 57271
Probably not the owners fault just the greedy estate agents [:D]
Reply ID 57287
quote:Bit of both if you ask me as surely the owners realise their house is not worth THAT amount [;)] Sigh...
Originally posted by jjr
Probably not the owners fault just the greedy estate agents [:D]
Reply ID 57296
location x3 last night reported that in the south east, the average difference between asking price and selling price is now 80k. !!!
Reply ID 57298
I am amused by Shepherds transparent and pathetic attempt to buoy the market by resubmitting properties that are sold on rightmove. As I've said in the past, I think they are a disgraceful outfit who employ some of the rudest neanderthals I have ever come across. I would be particularly delighted if one of the more obnoxious female sales negotiators at Shepherds, with whom I had the misfortune to deal with in the past, is queuing up for her dole money as I type.
Reply ID 57299
Resubmitting? they all do it. it's one of the most annoying things about having right move saved searches.
Reply ID 57300
No, they dont all do it, and those that did would only do it on occassion. Shepherds today has flooded rightmove with properties some of which I know damned well were sold weeks ago! All to give an illusion all is as it should be. Which it isn't.
Reply ID 57303
quote:maybe they've fallen through and are back on the market...?
Originally posted by exiled_in_Reading
Shepherds today has flooded rightmove with properties some of which I know damned well were sold weeks ago!
Reply ID 57305
To be fair - if anyone believed an illusion of a market via rightmove then they're setting themselves up for a fall. This is not specific to shepherds. They all do it. FWIW there are a lot of happy shepherds customers out there, you're very clearly the exception to the rule.
Reply ID 57306
quote:I would rather set myself on fire than have anything to do with them. I also know plenty of other people lcoally who feel the same.
Originally posted by codek2
To be fair - if anyone believed an illusion of a market via rightmove then they're setting themselves up for a fall. This is not specific to shepherds. They all do it. FWIW there are a lot of happy shepherds customers out there, you're very clearly the exception to the rule.
Reply ID 57307
well if you do, make sure it's a local property you're nearby that is listed, and has recently had permission denied for some sort of building work. [:p]
Reply ID 57317
quote:No he is not , he is spot on , lots of local people hate Shepherds !
Originally posted by codek2
FWIW there are a lot of happy shepherds customers out there, you're very clearly the exception to the rule.
Reply ID 57782
Today I saw the first sub <£100k asking price I've seen for a long time in Hertford (retirement flats excepted!)...
Reply ID 57783
I've seen a couple of repos being pitched at less than a tonne of late. Most recent one that springs to mind (2 months back or so) was a flat in the Heathers on the London road - guide was 70k. No idea what it went for as this glorious government thinks that repossession house prices shouldn't be in the public domain from the Land Registry figures, and therefore can't contribute to the overall analysis of the property market. I assume this is to create the illusion that the housing market, isn't in freefall...
Reply ID 57785
We looked at that flat and the asking price was around the £85k mark - it wasn't for us - but suspect it went for about £87k
Reply ID 57787
I would have still been fairly reluctant at paying that to be honest. From what a friend said who also went to look at it, the block smells, the managing agents have quite a negative reputation when researched, and it would also need a lease extension done in the not too distant future for the lease to remain mortgageable...
Reply ID 57796
Exactly why we didn't touch it with a bargepole. It did sell and is currently on the rental market - look it up on Rightmove!
Reply ID 58175
http://news.bbc.co.uk/1/hi/business/7782939.stm I think offers on houses will be a lot lower than the asking price now this has been predicted. Even more so than before.
Reply ID 58177
quote:However, if you look at the graph on the page you supply, it goes, up, and up, until the very last. It's going to be tough for a while and it's unlikely that we'll see a return to the extraordinary conditions of last few years again. It's what went before that was odd. What we are witnessing now is a painful return to normality.
Originally posted by Harran
http://news.bbc.co.uk/1/hi/business/7782939.stm I think offers on houses will be a lot lower than the asking price now this has been predicted. Even more so than before.
Reply ID 58266
More lunacy from our friends at Shepherds this week with a terraced house in Park road being marketed for nigh on 400 grand. http://www.houseprices.co.uk/park-road-hertford-sg13/ Righto.
Reply ID 58267
quote:When we marketed our house earlier in the year, Shepherds was the lowest of the valuations given and all were different than that which it actually sold for. The price asked is not always the agent's recommendation.
Originally posted by exiled_in_Reading
More lunacy from our friends at Shepherds this week with a terraced house in Park road being marketed for nigh on 400 grand. http://www.houseprices.co.uk/park-road-hertford-sg13/ Righto.
Reply ID 58269
quote:This is a valid point - they obviously want their commission as quickly as possible. Although if they had any concern about their reputation they wouldn't put their name to it though would they.. Each house is different of course, but they are marketing that house at over 100k more than a similar terraced house went for at the top of the market and about 3.5 times the amount a terraced house in that road went for 8 years ago. Like I say, utter lunacy.
Originally posted by shuntquote:When we marketed our house earlier in the year, Shepherds was the lowest of the valuations given and all were different than that which it actually sold for. The price asked is not always the agent's recommendation.
Originally posted by exiled_in_Reading
More lunacy from our friends at Shepherds this week with a terraced house in Park road being marketed for nigh on 400 grand. http://www.houseprices.co.uk/park-road-hertford-sg13/ Righto.
Reply ID 58273
quote:Difficult to comment without detailed knowledge. The house we sold was end-terrace approximately 50% bigger than any other in the row, an extra bedroom and a basement (also unique in the row), a bigger garden and further extended to give a large kitchen/diner. From the street, it looked exactly the same as the rest. If anything, our price was pulled down by expectation. In other words "Oh yes, we know those ones, they're tiny" and "The one two doors up went for.....".
Originally posted by exiled_in_Readingquote:This is a valid point - they obviously want their commission as quickly as possible. Although if they had any concern about their reputation they wouldn't put their name to it though would they.. Each house is different of course, but they are marketing that house at over 100k more than a similar terraced house went for at the top of the market and about 3.5 times the amount a terraced house in that road went for 8 years ago. Like I say, utter lunacy.
Originally posted by shuntquote:When we marketed our house earlier in the year, Shepherds was the lowest of the valuations given and all were different than that which it actually sold for. The price asked is not always the agent's recommendation.
Originally posted by exiled_in_Reading
More lunacy from our friends at Shepherds this week with a terraced house in Park road being marketed for nigh on 400 grand. http://www.houseprices.co.uk/park-road-hertford-sg13/ Righto.
Reply ID 58941
http://www.rightmove.co.uk/property-for-sale/property-20603161.html?pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DREGION%255E632%26radius%3D5.0%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D1%26includeSSTC%3Dtrue%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D15%26y%3D10&locationIdentifier=REGION^632&radius=5.0 This was added today. If it has gone for 600k then it sums up how daft things still are.
Reply ID 58952
How so? This is one of the most desired roads/locations in Hertford/Bengeo. I suspect that the £600K price tag is a significant drop on the 2007/8 value.
quote:
Originally posted by exiled_in_Reading
http://www.rightmove.co.uk/property-for-sale/property-20603161.html?pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DREGION%255E632%26radius%3D5.0%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D1%26includeSSTC%3Dtrue%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D15%26y%3D10&locationIdentifier=REGION^632&radius=5.0 This was added today. If it has gone for 600k then it sums up how daft things still are.
Reply ID 58955
If you think 600k for an average size semi a fair distance from a station is value then I must remember to give you a buzz when I come to sell a house...
Reply ID 58957
10 minutes walk from the station, less than 15 from the town centre, four bedrooms, probably £700k to £750k 18 months ago I would think. The period properties here did command ridiculous prices and are still very desirable. I'd buy it if I could afford it (not at this price) and I suspect it did not go for the full price shown here. Consider this - a two bed terrace in Byde Street went for £360k just 18 months ago. I know the house and for all the refurbishments over the last ten years, nothing in the world would make me pay that much for a two bed terrace in Byde Street.
Reply ID 58959
Seems way overpriced for a unmodernised 4 bed semi with one bathroom. ........and its in Bengeo....
Reply ID 58968
quote:You've just listed it's main attributes.[:D]
Originally posted by Frenchie
Seems way overpriced for a unmodernised 4 bed semi with one bathroom. ........and its in Bengeo....
Reply ID 58969
Does unmodernised mean it doesn't have laminate flooring throughout and uPVC replacement windows and trendy chrome rads in the bathrooom?
Reply ID 58973
quote:Not at all ! I just mean the single bathroom suite and interior fitted furniture is very dated, this makes me believe the kitchen (no picture...) will be quite old and need replacing. It needs bedroom 4 turned into an ensuite for the master too.
Originally posted by 2929paul
Does unmodernised mean it doesn't have laminate flooring throughout and uPVC replacement windows and trendy chrome rads in the bathrooom?
Reply ID 58975
The style of the suite and the fittings may not appeal to you but the photos I am looking at are too small to suggest that they are necessarily old. They could easily be very high quality and suited to the property's character. Unless you've viewed it and know more than you're letting on. Not sure where you got the floor plan from to determine that bedroom four can be turned into an ensuite for the master. Can't comment on the kitchen without evidence. I guess if the estate agents don't put a photo in then that tells a story in itself. Clearly YOU would not pay £600k for this property in this condition but someone who appreciates the current decor and fittings may think £600k is a bargain if they don't have to do any work for five years or more. Perhaps a more mature market would appreciate it.
Reply ID 58979
quote:Just because the house was up for £599k, it doesn't necessarily mean that it sold for that price. There is a very low supply of these types of houses in desirable locations in this area, so the demand will be higher. So therefore, someone thought that the price was OK, otherwise they wouldn't have bought it.
Originally posted by 2929paul
The style of the suite and the fittings may not appeal to you but the photos I am looking at are too small to suggest that they are necessarily old. They could easily be very high quality and suited to the property's character. Unless you've viewed it and know more than you're letting on. Not sure where you got the floor plan from to determine that bedroom four can be turned into an ensuite for the master. Can't comment on the kitchen without evidence. I guess if the estate agents don't put a photo in then that tells a story in itself. Clearly YOU would not pay £600k for this property in this condition but someone who appreciates the current decor and fittings may think £600k is a bargain if they don't have to do any work for five years or more. Perhaps a more mature market would appreciate it.
Reply ID 58986
Though a well fitted bathroom might help sell a house from a presentation point of view, most new owners do not leave a house as they found it for long. Hence, if you intend to redecorate and re-model anyway (most do at this level), it makes little difference whether you are throwing new stuff in the skip or old stuff. In fact a house which has been modernised against your own taste can be offputting.
Reply ID 58995
quote:Well the surveyor that the mortgage company used to value our house just before christmas had valued it at £25,000 less than what we paid 4 years ago!! Still trying to convince them that our period property is worth more than that even in this downturn!!!
Originally posted by Loving Whale
How so? This is one of the most desired roads/locations in Hertford/Bengeo. I suspect that the £600K price tag is a significant drop on the 2007/8 value.quote:
Originally posted by exiled_in_Reading
http://www.rightmove.co.uk/property-for-sale/property-20603161.html?pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DREGION%255E632%26radius%3D5.0%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D1%26includeSSTC%3Dtrue%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D15%26y%3D10&locationIdentifier=REGION^632&radius=5.0 This was added today. If it has gone for 600k then it sums up how daft things still are.
Reply ID 59019
According to the surveys thats right - prices are now down to August 2004 level supposedly. So it sounds like it's right!
Reply ID 59024
Who mentioned value? Value is in the eye of the beholder. I merely commented that it has many attributes. Properties like this are in high demand and very rarely become available and therefore command a higher price, simple o-level economics. The fact that you don't think 600k is good value is irrelevant because clearly someone did
quote:
Originally posted by exiled_in_Reading
If you think 600k for an average size semi a fair distance from a station is value then I must remember to give you a buzz when I come to sell a house...
Reply ID 59028
I'd have paid £600k for that house if I could afford it, I'd love to live in Church Road but on my tiny budget I'd do well to afford a garage there.
Reply ID 59029
quote:We bought the house in 2004! Does anyone know of any local surveyors that know the housing market in Hertford? The mortgage company seem to want to send surveyors from outside the area!
Originally posted by codek2
According to the surveys thats right - prices are now down to August 2004 level supposedly. So it sounds like it's right!
Reply ID 59208
I think it's hard to judge the prices of house's at the moment just because there are so few on the market to compare against. A very hard time to decide what to do if you need to move.
Reply ID 59223
quote:Well I'm pleased to say that the internal surveyor has valued our property £25k more than what we paid for our property 4 and a bit years ago and have now had the re-mortgage accepted!!!
Originally posted by Firedupinsidequote:Well the surveyor that the mortgage company used to value our house just before christmas had valued it at £25,000 less than what we paid 4 years ago!! Still trying to convince them that our period property is worth more than that even in this downturn!!!
Originally posted by Loving Whale
How so? This is one of the most desired roads/locations in Hertford/Bengeo. I suspect that the £600K price tag is a significant drop on the 2007/8 value.quote:
Originally posted by exiled_in_Reading
http://www.rightmove.co.uk/property-for-sale/property-20603161.html?pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FsearchType%3DSALE%26locationIdentifier%3DREGION%255E632%26radius%3D5.0%26displayPropertyType%3D%26minBedrooms%3D%26maxBedrooms%3D%26minPrice%3D%26maxPrice%3D%26maxDaysSinceAdded%3D1%26includeSSTC%3Dtrue%26_includeSSTC%3Don%26sortByPriceDescending%3D%26primaryDisplayPropertyType%3D%26secondaryDisplayPropertyType%3D%26oldDisplayPropertyType%3D%26oldPrimaryDisplayPropertyType%3D%26oldSecondaryDisplayPropertyType%3D%26newHome%3D%26retirement%3D%26auction%3Dfalse%26partBuyPartRent%3Dfalse%26x%3D15%26y%3D10&locationIdentifier=REGION^632&radius=5.0 This was added today. If it has gone for 600k then it sums up how daft things still are.