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House 'valued' at £275,000 July 2007 - what to put it on at now? Poll please.

11 replies

LauriefairycakeeatsCupid · 15/02/2009 12:53

Thinking £225,000? Hoping to get £215,000.

Any thoughts?

Prices have fallen 17% here apparently.

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SlightlyMadScotland · 15/02/2009 12:56

You need to get a new valuation I think....You can't possibly base it on a valuation carried out nearly 2 years ago. Even if prices have fallen an average of 17% small houses may have fallen 5%, big houses 25%...you need a valuation.

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Tortington · 15/02/2009 12:56

get it valued

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Sorrento · 15/02/2009 12:57

How badly do you want to sell ?
Personally I'd go for £215k and make it clear that is as low as you can go when people come to view.
The danger is if you put it on any higher you won't get any viewings at all.
If two people want it, they can go to sealed bids.

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happywomble · 15/02/2009 13:19

I would get new valuations as others have suggested. Also look at rightmove for prices of similar properties in your area.

In the current market people will want to negotiate downwards so maybe if you want say £225,000 you should put it on for £235000.

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MissisBoot · 15/02/2009 13:21

Put the details in here and it should give you a good estimate.

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RachePache · 15/02/2009 13:22

Have you looked on Zoopla, which gives you an estimate on price based on trends in your area?

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LauriefairycakeeatsCupid · 15/02/2009 13:43

ooh, both of these were really helpful, one said £215, one said £225.

I will get a new valuation but the estate agents seem to dramatically overprice things in our area just to get to put it on. And I'm not paying for a valuation.

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Sorrento · 15/02/2009 13:46

You shouldn't have to pay for a valuation.
The only thing with those site is that they take no account of say the condition of the house, we bought ours for £230 but it was an absolute wreck, so having spent another £30k on it I would hope it's now worth at least still £230k.
IYSWIM ?

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SlightlyMadScotland · 15/02/2009 15:58

Agree you shouldn't have to pay for a valuation. It is all part of the estate agents package - and at teh end of the day it is your choice as to what you put it on the market at - you don't have to do what they say. Get 3 valuations and go with the middle one.

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Fizzylemonade · 16/02/2009 11:53

This is where my property falls down, if I look on Zoopla or Nationwide then it looks low because it doesn't take the condition of the property into account.

We have gutted this house top to bottom replacing 15 year old boiler and caramel bathroom suite with gold taps a pink en-suite again with lovely gold taps, ripped out an awful fireplace, swirly 70's patterned carpets, ah it was lovely!

Get another valuation done to see what they come back with.