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Ketterinboy

House Prices

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A new property has come on to the market round where i currently rent my 2 bed house, its a 1 bedder andhas jus come on for £104,995 (see rightmove - nn15 7ep postcode). Anyway problem is, is this house was for sale last year (latter half) and the AP was £89.995. I think in the end this sold in either Sep or Oct 05 for £85k. Now if house prices are falling how would you explain this? Lets face it if offered £85k for the house the seller would laugh all night long!

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Is it possible that the place was in a terrible state when it was bought and that they have spent a fair bit tarting it up?

If you look at the prices paid on nethouse price they were

No 5 88k Aug 05

No9 119k Jul 04

No21 94.5k May 04

No1 110k mar 04

No9 98.25 Aug 03

etc

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Is it possible that the place was in a terrible state when it was bought and that they have spent a fair bit tarting it up?

If you look at the prices paid on nethouse price they were

No 5 88k Aug 05

No9 119k Jul 04

No21 94.5k May 04

No1 110k mar 04

No9 98.25 Aug 03

etc

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Why? Cos the seller is trying his/her luck.

If this person had to pay out for a HIPs then I doubt it would be on the market.

Well said!!, Vendors 2007 July onwards (HIPS will be introduced) are going to have a big shock!! :blink:

Houses prices increase to silly levels because of Greedy Vendors, Lax Lenders and Stupid purchasers. One more

Estate Agents for over Valuing a property to obtain the instruction, in the first place. :ph34r:

All Purchasers should all use http://www.nethouseprices.com/ to do their home work first! ;)

Good time to buy this year is at the end of the year or early 2007, because vendors will put there houses on the market to beat the cost of the new Home Information Packs in July 2007 (average cost £1,000 whether they sell or not).

Therefore with supply and demand, there will be a large amount of stock on the market to choose from, which mostly likely result in price dropping to obtain a sale.

Gadger B)

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Well said!!, Vendors 2007 July onwards (HIPS will be introduced) are going to have a big shock!! :blink:

Houses prices increase to silly levels because of Greedy Vendors, Lax Lenders and Stupid purchasers. One more

Estate Agents for over Valuing a property to obtain the instruction, in the first place. :ph34r:

All Purchasers should all use http://www.nethouseprices.com/ to do their home work first! ;)

Good time to buy this year is at the end of the year or early 2007, because vendors will put there houses on the market to beat the cost of the new Home Information Packs in July 2007 (average cost £1,000 whether they sell or not).

Therefore with supply and demand, there will be a large amount of stock on the market to choose from, which mostly likely result in price dropping to obtain a sale.

Gadger B)

What do you think will happen post June-2007?

frugalista

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What do you think will happen post June-2007?

frugalista

It should see the end of the same old stale old 2+ year old properties clogging up the market with multiple agents.

As the HIPS packs surveys are only valid for 3 months we should see some realistic pricing from true sellers.

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  • 331 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%



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