To sell or not to sell. That is the question.

hardworking_bob

Paid £180K for my property in July07 and have spent plenty on home improvement such as re-wire, new bolier, new bathrom and full re skim of up stairs, new carpets etc. I know there is a big dip in the market but an inferior property on rightmove OIR of £215K and is SSTC. Thinking abour selling and hoping to get worst case scenario £205K.

Will get a couple of agents around in the next few weeks for their advice...

sharpe106

Unless you have done serious home improvements you will not get more than what you paid for it in 2007

Robert_Sterling_3

To give advice or not to give advice.

lostinrates

hardworking_bob wrote: »

Paid £180K for my property in July07 and have spent plenty on home improvement such as re-wire, new bolier, new bathrom and full re skim of up stairs, new carpets etc. I know there is a big dip in the market but an inferior property on rightmove OIR of £215K and is SSTC. Thinking abour selling and hoping to get worst case scenario £205K.

Will get a couple of agents around in the next few weeks for their advice...

It might be worth looking at latest sold prices rather than asking prices when making your decision....and remembering in general prices have dropped since they were collated

Davesnave

Forget what you see on Rightmove and use:

http://www.nethouseprices.com/index.php

to get comparable selling figures. These will be at least 3 months out of date, so you should allow for that.

Or, alternatively, see what the agents say, but stress you need a realistic figure, or they may just tell you what you want to hear. Don't tell them what you are thinking or what you paid.

JayZed

bob, sorry to be blunt but if you bought for £180K in July 2007, I think it highly unlikely that you'll get more than that now.

The kind of improvements that you've done honestly aren't going to add a huge amount of value, especially in a falling market.

Anyhow, do what Davesnave suggests and get it realistically valued by agents (at least three agents, if I were you). But don't set your hopes too high.