Help me value my house (pls!)...

Bermuda_John

what is the post code and how many rooms etc

Doozergirl

It's so hard to say. Different areas of the same town can be affected differently but if you can get yours in really good nick, the location is a really good one and you manage to hit the market at the right time, who knows what you might get?

A lot of houses appear to have made up most of the 'loss' because of the simple fact that no-one wanted to buy but popular areas have become popular again. Other areas still seem to be right in the doldrums and people are not having any viewings.

So I don't think there is any time to compare it to; I think you have to suck it and see.

Fire_Fox

According to land registry that the highest price ever paid for a flat in my block was £89K in 2006, the last flat to sell was £75K late in 2008. The next door flat is currently up for sale at £70K, but has failed to shift over two years so clearly very overpriced.

To the best of my knowledge there are only three designs of flat, mine being the largest (it was the show flat). According to Zoopla my flat is worth £93K, another flat is worth £172K and the cheapest £76K! :rolleyes: I can't understand how Zoopla came up with any of those values, they are so far off reality.

Hopejack

Exactly why I didn't pay for the Hometrack valuation as I'm not sure it will help that much tbh Fire Fox.

I guess like everyone, we'll just have to suck and see and be realistic about our expectations :rolleyes: Difficulty is, while it's standing empty it's not making us any money (it is currently rented out but we've given notice to tenant due to personal/family reasons and have decided to sell it to help fund our own house purchase).

Ian_W

poppysarah wrote: »

You can ask a couple of estate agents to come round and have a look. They'll give you inflated figures.

Stamp duty is on it's way back - so 175 is going to be the cutoff for more people now.

Is that from personal experience - or just what you've read on forums?

My personal experience over a fair number of sales/purchases is that some will over-value, some will under-value. The last one in April one agent over-valued, one under-valued and two were right on the money it sold for. We declined 3 offers higher than the lowest valuation!

As DG says, valuations aren't an exact science so I'd get at least 3 or 4 valuations before you decide what to ask for it.

As for Stamp Duty, I believe that pre-budget announcement is on 9/12 so if the "holiday" is going to be extended I imagine it will be announced then.

Emy1501

As far as I'm aware the likes of Zoopla just use the last sale price in the road or if a property is on the Land registry figures they use this and then add on latest rises falls using Haliwide figures.

When I considered selling at the beginning of the year Zoopla said my property as worth 290K when it was actually work at £230K!

The only way to get a true valuation of your property is to stick it up and see how much someone is willing to pay for it.

An sample of a few EA's valuations will give you a better picture of what your property is worth than a hometrack report.