Oh no, not another property thread........
Discussion
Interested to see what others think on this one. Property was built in 2002 and sold for £218.995. Ex show home so probably finished to "high" standard, 4 bed detached with detached double garage in a good area. Went on the market in October 2007 for £322,500 and was taken off in February this year. Went back on again in June this year at £315,000 REGION. At the height of the market the highest price achieved in that area was £302,000. I know what i'd offer and a family member works in an estate agents hence i have the above info and has told me what they'd offer. Thoughts?
£267,500 ?
If at the height of the market(aug07), the ceiling price was 302k, then I don't understand how someone could recommend that it was put up for 315k, this year (i.e after a 13% fall has occurred)
Anyhow, go on then, whats your opinion? - and I am interested in what an estate agent thinks you should offer
If at the height of the market(aug07), the ceiling price was 302k, then I don't understand how someone could recommend that it was put up for 315k, this year (i.e after a 13% fall has occurred)
Anyhow, go on then, whats your opinion? - and I am interested in what an estate agent thinks you should offer
Edited by jamesc_1729 on Saturday 18th October 10:44
Edited by jamesc_1729 on Saturday 18th October 10:46
Dave_ST220 said:
Interested to see what others think on this one. Property was built in 2002 and sold for £218.995. Ex show home so probably finished to "high" standard, 4 bed detached with detached double garage in a good area. Went on the market in October 2007 for £322,500 and was taken off in February this year. Went back on again in June this year at £315,000 REGION. At the height of the market the highest price achieved in that area was £302,000. I know what i'd offer and a family member works in an estate agents hence i have the above info and has told me what they'd offer. Thoughts?
that's a 250k bid if ever I saw one 
jamesc_1729 said:
£267,500 ?
If at the height of the market(aug07), the ceiling price was 302k, then I don't understand how someone could recommend that it was put up for 315k, this year (i.e after a 13% fall has occurred)
Anyhow, go on then, whats your opinion? - and I am interested in what an estate agent thinks you should offer
Spot on! My personal feeling is below stamp duty, i'd say the vendors aren't really interested in moving, if they can get they think it's worth they'll move, if not then they'll stay put.If at the height of the market(aug07), the ceiling price was 302k, then I don't understand how someone could recommend that it was put up for 315k, this year (i.e after a 13% fall has occurred)
Anyhow, go on then, whats your opinion? - and I am interested in what an estate agent thinks you should offer
Edited by jamesc_1729 on Saturday 18th October 10:44
Edited by jamesc_1729 on Saturday 18th October 10:46
Ok, the house was s
t in a cramed in estate. However a new build by a small developer is nearing completion, our house has been valued and came in at exactly what i thought, we went to the bank on Saturday & they are willing to lend easily enough ££. Agent says the house will be marketed at £275K with "stamp duty incentives" bringing it down to £266,750. My feeling is that 15% off in this market is perfectly feasible so £233,750?? Any developers on here that do this for a living?
t in a cramed in estate. However a new build by a small developer is nearing completion, our house has been valued and came in at exactly what i thought, we went to the bank on Saturday & they are willing to lend easily enough ££. Agent says the house will be marketed at £275K with "stamp duty incentives" bringing it down to £266,750. My feeling is that 15% off in this market is perfectly feasible so £233,750?? Any developers on here that do this for a living?scotal said:
Did the bank know you are looking at new build, some have very odd rules on brand new homes at the moment. (Mainly flats to be fair, but houses too.)
Yep, max LTV 80% but we are in the 75% LTV bracket(or will be when i stump up my loot!) anyway 
You can see the banks point, new builds have piss take prices, also have an extra fee as they will want to vaule it themselves.Stick all the details into http://www.zoopla.co.uk/ and see what it says.
ALawson said:
Stick all the details into http://www.zoopla.co.uk/ and see what it says.
And bear in mind that Zoopla is hopelessly wide of the mark when valuing. Our house and our neighbours (pretty mucht he same has a 20% difference in "value" on there.scotal said:
ALawson said:
Stick all the details into http://www.zoopla.co.uk/ and see what it says.
And bear in mind that Zoopla is hopelessly wide of the mark when valuing. Our house and our neighbours (pretty mucht he same has a 20% difference in "value" on there.
anonymous said:
[redacted]
Yep i know that, and the agent in no uncertain words knows the score, i said i don't want BS i want a value that you can say to me i can find a buyer for, the sums so far have been worse scenario with me taking 7% off what the agent said?? ps, my ST is worth about 9K now!!! The "problem" i have is we love this area and this house has what we need (double garage, study etc) as i work from home(no other builds old or new have that here). I wasn't planning on moving until next year but if i can get a good deal i'd take a punt on this one, afterall we don't plan to move again...ALawson said:
Stick all the details into http://www.zoopla.co.uk/ and see what it says.
That site seems pretty pointless IMO, values are way out going on experience of the area.Dave_ST220 said:
ALawson said:
Stick all the details into http://www.zoopla.co.uk/ and see what it says.
That site seems pretty pointless IMO, values are way out going on experience of the area.New build estate-totally agree, trouble is this is a plot of land that belonged to an old cottage on an old road just outside of a major new development. Not overlooked and never will be and a decent sized plot. I think offer what i think it's worth now, ie, 15% off would be £233,750, can't see 20% being achievable ??(£220K). It's all a game really isn't it? A bloody expensive one but a game, the developers know what they need to get out of this which is why i'd love to hear from builders if there are any on here??
Edited by Dave_ST220 on Monday 27th October 11:57
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