Jump to content
House Price Crash Forum
Sign in to follow this  
Jabbabhoy

What's the real value of a home

Recommended Posts

My partner and I are looking at our first purchase and are finding it a challenge to accurately price properties especially in a stagnating and falling market.

I guess the simple answer is what someone is willing to pay for it, but the issue is what is sensible.

Seller sentiment is an issue as they're still looking for peak prices.

I would appreciate your advice, below are some of the items we are struggling with:

1) How do you start pricing a property? We generally look at other properties that have sold recently in that area as a start but sometimes these are 1/2 years ago and of a different type.

2) How do you factor in prices dropping? Area are different, boroughs will generally have there niche areas etc....

3) How do you factor in modifications to a property I.e. loft, extension, rewiring and so on. 

4) Sometimes we come across developers who want to make a quick sale but it's hard to gauge what margins they are looking for.

Thank you all 😁

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.