Sold for £170,000 in 2002 how much now?

sabretoothtigger

Prices havent fallen back to 2002 levels afaik so start at a 170k immediate cash offer and edge up to whatever you feel comfortable with

nice looking house though

GDB2222

It's not the OP's house. I just put it in for comparison of what you can get with the same asking price.

Alias_Omega

Lack of jobs in grimsby, scun*horpe area.

Alot of fish jobs gone, local paper cutting jobs. Not very good.

ps2659

sabretoothtigger wrote: »

Prices havent fallen back to 2002 levels afaik so start at a 170k immediate cash offer and edge up to whatever you feel comfortable with

nice looking house though

I am wondering what levels prices have fallen too, the nice looking house in s!!!!horpe is not the one I am going to be viewing, its probably 50 miles away on the lincolnshire coast.

Heyman_2

chrisandanne wrote: »

Well all they can say is no.....they can't put you in prison for it !!. You can always offer a bit more if you really want it. At least you won't have the lingering feeling that you paid more than they would have taken. A x

If I got an offer like that on my property (i.e. 50% of the asking price), I'd -

a) Laugh
b) Refuse it and
c) Instantly assume that the buyers in question were not serious at all and would be very wary about continuing to negotiate with them.

Just because house prices are in decline, doesn't mean it's turned into a tourist market! Come in about 20% under asking price instead, but don't budge if they say no and see what happens I reckon...

sabretoothtigger

ps2659 wrote: »

I am wondering what levels prices have fallen too, the nice looking house in s!!!!horpe is not the one I am going to be viewing, its probably 50 miles away on the lincolnshire coast.

Check for history on every house number on the same street I guess

ad9898_3

My view is offer around 130k and then if you really like it edge upto 150k. The reasoning for this is simple, house prices started to rise gradually in 96 upto 2001, the rises after this time were pure bubble/speculation and are now rapidly reversing.

I think 150k-160k is a good price and if you can get it for this, do it.

ps2659

ad9898 wrote: »

My view is offer around 130k and then if you really like it edge upto 150k. The reasoning for this is simple, house prices started to rise gradually in 96 upto 2001, the rises after this time were pure bubble/speculation and are now rapidly reversing.

I think 150k-160k is a good price and if you can get it for this, do it.

Many thnks for the reply we may take your advice but as my wife says we are not desperate if we get it we get it.

chrisandanne

ad9898 wrote: »

My view is offer around 130k and then if you really like it edge upto 150k. The reasoning for this is simple, house prices started to rise gradually in 96 upto 2001, the rises after this time were pure bubble/speculation and are now rapidly reversing.

I think 150k-160k is a good price and if you can get it for this, do it.

That's about 34% off...this ties in with reductions prior and sold prices in my area so that's about right for now (East Lincs is probably similar).

It doesn't really cover for future drops though. It all depends on how much further drops bother the op, once you've bought it's best not to think about it. A x

sympatex

gawd it must be grim up north. We're looking at 200-220 price range in SE and we cant find anything but 3bed semi's in not fantastic areas. I'm sure the vendor in the current market would come down min 7.5% but i think if you start going beyond 15% they would laugh you off. It might not be wise of them to do so but you'll prbably find they would.