What houses are actually selling for.

QTPie · 19 March 2009 at 4:11PM

Ok, an idea for a thread: for anything that you have sold or bought, then post the stats.

This will give anyone looking to buy/sell an idea of what houses are currently ACTUALLY selling for in various areas of the country NOW (i.e. I know that houseprices.co.uk gives this information for a given area, but there can be quite a considerable "lag" on it).

I will start off (since we have just exchanged - exchange of contracts seems like a good time to post the information here: because you are tied to a price and a contract then). You could post at any time after exchange, BUT not before (it is too uncertain then - a sale can fall through). Both sellers and buyers can post (since it is all the same, relevent information).

Offer Date: 13th Feb 2009
Area: Bath, Somerset
Offer Price: £420k
Asking Price: £449k
Exchange Date: 19th Mar 2009
Comnpletion Date: 15th Apr 2009
On Market Since: 1st Nov 2008
Original Asking Price: £459k
Short description: 4 bedroom, 2 bathroom, new build townhouse on development, 5 years old, small garden, garage and parking.
Same properties were selling in Spring 2007 for: £422,500 (that is Nov 2006 - none sold in Spring 2007)
Sold to: Investment Buyer / [STRIKE]FTB / Home Mover[/STRIKE]

sarah_elton · 19 March 2009 at 4:21PM

My sale:

Offer Date: 27th Jan 2009
Area: Essex (town between Chelmsford and Colchester)
Offer Price: £103,500 (will show up on houseprices etc as £100,300 as investment buyer bought from us for that but then gave us 6 months rent in the property at £50/month - equates to him paying £103,500)
Asking Price: £112,500
Exchange Date: 26th Feb 2009
Completion Date: 26th Feb 2009
On Market Since: 21st Jan 2009
Original Asking Price: £112,500
Short description: 2 bedroom, top floor flat, 1980s build in block of 6 flats, allocated parking.

Can I add:
Same properties were selling in Spring 2007 for: £124,995
Sold to: Investment Buyer / [strike]FTB[/strike] / [strike]Home Mover [/strike]

QTPie · 19 March 2009 at 6:08PM

Can someone make this thread a sticky please? I think it could be valuable...

QT

mbynwa · 19 March 2009 at 6:23PM

I agree QTPie, it is interesting seeing the differnence between asking price, offer price and original asking price.

NoDebtForMe_2 · 19 March 2009 at 10:56PM

This is a part exchange through a builder so eventual price was for a quick sale, which it got within a week.

Offer Date: From builder to me: 5/01/09 From FTB to builder:15/1/09
Area: Leeds, West Yorkshire
Offer Price: From builder to me: £115k From FTB to builder: £96k
Asking Price: By Builder: £104,950k
Exchange Date: 31/01/2009
Comnpletion Date: Before end of April 2009
On Market Since: 8/01/09
Original Asking Price: £32k
Short description: 3 bedroom terraced back to back property with on street parking. Bought off plan 4 bedded detached house with detached garage.
Same properties were selling in Spring 2007 for: £117,950
Sold to: [STRIKE]Investment Buyer [/STRIKE]/ FTB / [STRIKE]Home Mover[/STRIKE]

NoDebtForMe_2 · 19 March 2009 at 10:57PM

: ) .................
Just to reiterate I didnt hazard quesses as to what was and wasnt someones house...I stated I didnt think QTpie would be very appreciative about the link but unfortunately forgot that the link would go into the quote - doh!

QTPie · 19 March 2009 at 11:15PM

Any chance that you can both delete links to what may or may not be my house?

Thanks
QT

poppysarah · 19 March 2009 at 11:44PM

I agree. no personal links without agreement.

WillowCat · 13 April 2009 at 9:22AM

Offer Date: 31st Jan 2009
Area: Essex (town between Chelmsford and Colchester)
Offer Price: £250,000
Asking Price: £259,950
Exchange Date: 27th Mar 2009
Completion Date: 24th April 2009
On Market Since: 30th Jan 2009
Original Asking Price: £259,950
Short description: 3 bed bungalow, 1930's, desirable road, 50 minutes door to London Liverpool St, 0.2 acre grounds, detached double garage, planning for house conversion .
Sold to: FTB (or STRer)

The only other 3 bed detached bungalow with double garage was three doors down, a new build, and sold for £350,000 in 2006. Mine needed attention - if the conversion was not done there was an extension flat roof to be redone, new windows to the back rooms, and the patio needed replacing etc. In retrospect I grossly underpriced it though, especially if the bottom has now been reached. I believed what the EA told me, and I'd read in the papers about >20% price drops. I guess he just wanted a guaranteed sale and I fell for it. I've so far failed to find anything to buy which is both desirable and has a similar drop.

stolt · 13 April 2009 at 11:02AM

heres mine, been quite a journey as we originally looked at the house in 2007 when we sold ours but it was way out of our price range back then. Re-offered 430k in 2008 and it was turned down when the price had dropped to 450k. Finally got the house at £418600 because i managed to get the EA to reduce their fees!!!

Offer Date: 27th Feb 2009
Area: Essex
Asking Price: £450k
Offer Price: £418,600k
Exchange Date: 16th April
Comnpletion Date: 6th May 2009
On Market Since: July 2007
Original Asking Price: £475k
Short description: 5 bedroom, 2 bathroom, 4 reception room, double garage, house originally built 1998
Same properties were selling in Summer Spring 2007 for: £460k

confused31_2 · 13 April 2009 at 11:41AM

If asking prices have dropped at least 20%, why have you lot offered so much??

I know from region to region changes but if you had all offerd 20% less than the asking prices, the prices should be this.

stolt asking prices 475,000 - 20% = 380,000

willowcat 259,950 -20% = 207,950

sarah elton 112,000 - 20% = 89,000

qtpie 459,00 - 20% = 367,000

Now we know house prices are supposed to be dropping but these figures tell us a different story, i personally dont think house prices have dropped at all by me, with the odd 5% drop here and there.

And by looking at what you lot have paid it seems like its like it a lot of other places too.

Anyway as long has you are all happy with your purchases, thats all that matters, this thread might open the eyes of some of the doom mongers who ae predicting 50% falls by 2009.
:rolleyes:

What houses are actually selling for.

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