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how to work out value
duckeggblue
Posts: 439 Forumite
Be gentle -newbie.xx
Looked at a house last week and I know what was paid in 2004 and 2007. How can I calculate roughly whether the house is worth the asking price,as its just come onto the market and seems at the top end .(obviously I know I could eventually get a survey/valuation.)My husband refuses to view it because he thinks its overpriced.
Looked at a house last week and I know what was paid in 2004 and 2007. How can I calculate roughly whether the house is worth the asking price,as its just come onto the market and seems at the top end .(obviously I know I could eventually get a survey/valuation.)My husband refuses to view it because he thinks its overpriced.
If you don't leap, you'll never know what it is to fly :heartpuls
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Comments
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Your husband has the right idea, if it looks overpriced compared to other similar houses for sale then that is a far better valuation method.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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Value is in the eyes of the beholder. If you are not prepared to pay that amount, and do not feel happy, then you are by definition stating it is over-valued, for your purposes.
'Market Value' is only what the average person is prepared to pay, other people may pay more or less.
I guess I'm saying, it is 'worth' what you are 'prepared to reasonably' pay for it, all things considered. Your husband feels it is overvalued, he is not wrong, in fact he is entirely right in his own mind. It's just someone else may feel it is priced just right.
It is useful to bare in mind what 'most people' might value something at, but should only be used as a guide.
Maybe phone up the EA's and see whether the vendor is negotiable. Be upfront, say you will only view if the price is negaotiable to £x(ish).I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0
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