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Original poster

I am in shock at how much my house is valued at.

26 replies

Fenella1 · 28/02/2007 16:11

Have put our house up for sale today - it has gone on for £143k more than what we paid for it 6 years ago. I think I need a large g & t!

OP posts:
twelveyeargap · 28/02/2007 16:13

Good for you! You'll need the profit to pay Gordon Brown his blood money when you buy the next place.

Hope it sells quickly for you.

dinny · 28/02/2007 16:14

seel it, quick, before it all goes pear-shaped in the fashion of the US!

Piffle · 28/02/2007 16:15

the worst news is every other house you will want to buy has gone up in equivalent terms

But hopefully it will get you a nice upgrade

bogie · 28/02/2007 16:16

Congratulations : )

Original poster
Fenella1 · 28/02/2007 16:17

We have already the full asking price on the house of our dreams but the woman selling (who works for an estate agents, so thats doomed for a start!) wont't take it off the market until we have an offer on ours. Still we have more to play with now, so perhaps we should go look at some more. Still shocked though.

OP posts:
doots · 28/02/2007 16:24

Crazy isn't it. We've done about £50,000 work on ours and it's worth at least £150,000 more than when we bought it. Doesn't make any real difference though because everything round us has gone up loads too.

sarkin · 28/02/2007 19:45

Dont forget you only actually have the money in the bank when you sell up and downsize or as some specultors, sell to rent hoping for the crash that is around the corner. Be careful If you buy bigger and extend your mortgage you have more debt.

Twiglett · 28/02/2007 19:46

mmmfmmfmfmmmfm

doots · 28/02/2007 22:06

Why sitting on hands twig? It's not like we've made our houses go up in price so we're not boasting, it just happens

Twiglett · 01/03/2007 09:22

because I'm very English and talking about money, even nominal money that you can't get out, is traditionally considered quite naff

the face is really beginning to be overused don't you think?

Twiglett · 01/03/2007 09:23

that sounded a bit snippy and I didn't mean it to .. the hmm comment was sparked by your use of it but not aimed at it if that makes sense

aDad · 01/03/2007 09:27

the last 2 years particularly have seen crazy price rises - certainly in london.

As is pointed out though, it does mean much does it, unless you're moving to a much cheaper area and cashing in.

aDad · 01/03/2007 09:30

and I wasn't meaning to p*ss on your bonfire at all fenella, obviously it's good news when your house's value has gone up.

We have the same thing going on, but we're probably moving into a house whose value has gone up equivalently too.

fannyannie · 01/03/2007 09:35

well it meant something to us when we moved 2 1/2yrs ago. We bought our first house for £47k in 2002, sold it for £87 in 2004 - with the money that had already been paid on the mortgage - plus the extra we were able to afford a bigger, nicer house at not much more expense on the mortgage....

aDad · 01/03/2007 09:38

that's a success story then fannyannie

nearlythree · 01/03/2007 09:39

Ours has gone up £80k in 18 mo.

Rhubarb · 01/03/2007 09:41

What is it with all these posters lately telling us how much money they have?

Rhubarb · 01/03/2007 09:41

The face was just to piss Twig off btw!

noddyholder · 01/03/2007 09:49

Well done it is a shame everything else has gone up too!I have just put mine on and it has gone up masses in less than a year so we are cashing in and letting some other poor bugger buy it to get their kids into brightons fave school We can move anywhere now so are cashing in to live a bit.

Rhubarb · 01/03/2007 09:50

We will never now get onto the property ladder. Shame but there you go!

fannyannie · 01/03/2007 11:41

Rhubarb - we don't have any money - but we do now have a decent house

nearlythree · 01/03/2007 12:53

We have no spare cash at all. We can't spend bricks and mortar. However, we could sell up, move to a cheaper area and release some capital to fund dh's new business when he gets made redundant.

House prices have no bearing on how much money the occupants have, which is why council tax is so pants.

sarkin · 01/03/2007 22:02

Have a look at this chart then tell me what you think is going to happen next. House prices As someone else has already said, the yanks are tanking already with 22 banks filling for banckruptcy in the last year.

crystalpony · 01/03/2007 22:08

We bought house 7 years ago for £195K...it is now valued at £645k...great! However, have had it on the market for a year, plenty of viewers - no takers, so clearly, as much as it is in line with the housing market price rises, no bugger wants to pay it and I can't say I blame them.

It's all irrelevant really because who knows, it could all go boom and be worth £25k next week. It's just a number.

lockets · 01/03/2007 22:12

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