Is it a good time for me to try and sell my 4 bed house in Chapel Break Bowthorpe? It was valued at £200000 last year, what can i expect now?

troll

estimate, £10000000000000000000000000000000000000000000000000000000000000000.49+vat

Troll?

Welcome Smeggy! Monkey thinks you're a troll (someone who goes around adding bits to forums to wind up the posters....) but I think you're genuine - too much detail area wise not to be real.

Have you had it re-valued?

Have a look on rightmove, and see what similar properties are going for. Then knock a bit off. We're probably not the right people to ask, as we'll all say that you need to knock a lot off the price to get it sold - and we could well be right. There are 2 scenarios when the market is going down - 1) chase the market down by cutting your price bit by bit as the market goes down, or 2) start off low, and if it doesn't sell, keep knocking the price down.

There's a thread in the anecdotals section this one - Honest EA, is as the name would suggest an EA, but not from round here, and Mildura is an EA too, there's a conveyancer or two who also set the scene on that thread too - well worth a look. Page 5, post 63, Honest EA says:

You have to bear in mind though that, presuming that you're going to buy another property to move into, that property should be cheaper too, so unless you've MEWed (remortgaged and taken the extra equity from your house out and spent it on a holiday or something) or bought recently, you haven't got much to worry about.

Good luck, and keep us posted!

The 'UK house prices' Titanic set off last summer and is now heading for an iceberg - which boat did you miss?

Well it used to be the buy now boat...which indeed was the Titanic as expected by all the HPCers waving it off with their STR hanky's.

But NOW we have a sell now boat that may have set sail with people falling off the dock in their haste to board...how things can change in a matter of weeks.

In any case, the sell now boat didn't actually have any room for passengers, having already been filled with broken dreams - so you didn't miss much

Thanks for your reply Waitingandsaving. I should have sold last year when all the clever gits sold up. I am not really that bothered as I was not ones of those silly people who borrowed any extra money against my house. I have spent the last 10 years over paying my mortgage as I hate the damn thing. Maybe once the bottom is reached people will start treating houses and homes again. The whole process of selling a house is such a pain in the butt and I'd be £1000's down in fee's and hidden charges. Anyway good luck to you guys waiting to buy. I got my first house cheap in 1995 which unknown to me was the bottom of the market last time I think.

£170,000

Why do you want to sell? If it's simply because you have realised that you are living in a rapidly depreciating asset then sell now rather than later - it will be worth even less next year. You may not have missed the selling boat because there are a few buyers out there but you will have to be realistic about the asking price. very realistic. and then knock some more off.