Has anyones house held its value in this downturn?

[noddyholder]

Just that really has anyone found that their house has just stagnated but not fallen?Also has anyone sold at a close to asking price or are we all discounting hugely?And 3rdly do you think certain properties will always be desirable eg family houses near good schools?TIA xx

Gosh, Noddy, that's what I call flipping. Good luck with it (and try to remember how much you hated renting).

I know lala still not sure what to do.I did hate renting but theoretically could buy another house and use the profit we have here for ds uni fees if he goes.I never thought we could make another penny and I have been stressed as have no other job that I can manage with my health issues so should prob take the money if I can

yes noddy renting is no fun ime

But noddy you are completely brilliant at these renovation jobs - couldn't you offer project management services and stay put?

I could do that lala and have but atm there is really no money in it and every chance that someone could spend 20k on a kitchen and not make a penny and even lose.Most asked question when someone is doing a place up is how much value will it add?And Tbh i am not keen on the road either and just feel I should take the money and run.Going to do the garden over this month and then try to sell it.If nothing by june then nothing lost.I could happily stay here but it is too big and the potential profit could come in handy as I am not likely to work for a while

Surprised you are thinking of selling, noddy as you searched long and hard. My partner keeps an eye on market in East London where we used to live and in Rugby and surrounding West Midlands and now we are looking at Oxford too. Houses have crashed in E London, something that would achieve 300-320 before the downturn, now it's more 250. We got out in time but I know people who are stuck and had to rent their house out in order to relocate in another town (where they are renting). Prices seem down in parts of south London too. Here in Rugby and nearby towns big houses are crazily priced and not selling, terraces and semis have crashed. Oxford prices have gone down in certain areas, in top areas there have been reductions. Property Bee is very useful to see how long houses have been sitting. The latest trend is that some agents are trying to raise the prices hoping for spring bounce, but I think they are kidding themselves. As others have said, big mortgages are not easy to get. Our budget has changed as we want to borrow as little as possible.

I just want to get teh cash out tbh We bought in haste I think as the house we really wanted fell through and now i love the house but not so keen on the area!Even if we sell for 10% off the minimum valuation we will make a profit and then that will prb be it for my property career! I was out with my parents last weekend and the one before viewing houses as they are moving here and volumes are down but prices not hugely which surprised me.Quite a few they viewed the first weekend have sold in teh week!

Zoopla reckons my house is down 12.7% since last year.

a friend of mine has moved up north ( where i live) from London and is horrified at lack of price dropping

things are moving a wee bit better here but prices are not dropping - people thinking they can ride the storm