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Offer based upon previous sales
Red_Elle
Posts: 476 Forumite
Still looking at houses and have now seen one that we like even more than the others.
It's on for just under £200k. In late 2004 and late 2005 one identical house (they're all pretty new) sold for £185k and another for £190k.
I think this one is over priced and is worth about £185k - £190k, but am I right in thinking that house prices have not gone up much since 2004/2005?
I would be interested to know what the markets were like then in comparison to today, but we weren't looking around then, so we have no idea.
If house prices haven't gone up much and it was less of a buyers market then, I am thinking we could possible get it for £180k because there are so many houses at this price level in our area now and most have been on the market for ages.
It's on for just under £200k. In late 2004 and late 2005 one identical house (they're all pretty new) sold for £185k and another for £190k.
I think this one is over priced and is worth about £185k - £190k, but am I right in thinking that house prices have not gone up much since 2004/2005?
I would be interested to know what the markets were like then in comparison to today, but we weren't looking around then, so we have no idea.
If house prices haven't gone up much and it was less of a buyers market then, I am thinking we could possible get it for £180k because there are so many houses at this price level in our area now and most have been on the market for ages.
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Register and search here.
http://www.ourproperty.co.uk
Very interesting.
Sorry don't know how to do links. Oops - Link worked:grouphug: Things can only get better.0 -
Thanks, but I have as per initial post, already found out prices for previous years, but wanted to get anyone's ideas on what the market was like then, as that will dictate the amount properties sold for as well as property value.0
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Your best bet is to ask all the estate agents in your area (phone them anonymously if you can) as theywill have the best knowledge of the area and house prices in the last few years!!
Also look up other similar houses in the area you're looking and compare them!!
If you want this house then you could always make an offer, the worst that can happen is you could get a no from them!!
Hope this has helped somewhat.. good luck in finding a place.
Lost lbs =
Gained £s = Quidco £261.90, Free Fivers £22.26, Matched Betting0 -
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Yes house prices have gone up. If a similar house sold for £185 in late 2004, then I would expect a £5-10K increase since.0
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Very much doubt you will get it for £180K. Likely £195K or £192K if they are keen to sell.0
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there are so many houses at this price level in our area now and most have been on the market for ages.
Which helps, especially if yiour proceedable. You can but try - good luck to you!0
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