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House Valuation:-(

13

Comments

  • Itismehonest
    Itismehonest Posts: 4,352 Forumite
    It would probably be best to investigate all possibilities including splitting back into the 2 properties.
    Of course, if a cash buyer comes along then it might not be necessary to do anything at all.
  • helenthemum
    helenthemum Posts: 112 Forumite
    Thats is true Itismehonest. Beginning to think the best thing to do is to put it on the market maybe for between £230k-£240 hoping to get more than the 200k, if no joy and no viewing have a total rethink.

    I guess I am very lucky in that I don't have to sell straight away as ex is not pushing me to sell the house. I am just disappointed in that I was looking at other properties based on my % of the sale I could afford to buy a 3 bed house with 3 children I need 3 beds. Now with the new valuation I can't.

    I guess thats the housing market for you.
  • go_cat
    go_cat Posts: 2,509 Forumite
    I've been Money Tipped!
    Don't forget though even though your valuation has gone down so "should" any new purchase
  • helenthemum
    helenthemum Posts: 112 Forumite
    Which would be fine if they had, but the one house I am looking at was put on the market in October for £160k and has had no offers, but has also not been reduced. Yet the people want to move to be closer to their daughter.
  • girl_withno_name
    girl_withno_name Posts: 1,530 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The market in general might have move down though, so there might now be more houses within your budget that suit your needs?
    You were only killing time and it'll kill you right back
  • GDB2222
    GDB2222 Posts: 26,512 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    business_man wrote: »
    You are absolutely right, a quick buying company can put the end to any uncertainty, speed or any other issues you may be facing.

    Oh, it's you again, touting for more business. Don't you ever give up?

    You ought to tell this lady, before she gets her hopes up, that you may be quick at buying, but you will only offer her an eye-wateringly low price - I assume well, well under £150k. Since she needs much more than that in order to be able to move, and her property is worth much more than that, she is not going to bite your hand off, is she?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Itismehonest
    Itismehonest Posts: 4,352 Forumite
    GDB2222 wrote: »
    Oh, it's you again, touting for more business. Don't you ever give up?

    You ought to tell this lady, before she gets her hopes up, that you may be quick at buying, but you will only offer her an eye-wateringly low price - I assume well, well under £150k. Since she needs much more than that in order to be able to move, and her property is worth much more than that, she is not going to bite your hand off, is she?

    Thanks :D
    As I'm sure the OP realised, I was actually meaning a cash buyer owner-occupier not one of the shark companies/individuals circling to prey on those who may be desperate.
  • helenthemum
    helenthemum Posts: 112 Forumite
    Itismehonest wrote: »
    Thanks :D
    As I'm sure the OP realised, I was actually meaning a cash buyer owner-occupier not one of the shark companies/individuals circling to prey on those who may be desperate.

    Yes I did, there is no way I would sell to one of those companies.

    I think with the help of all of you I have come to a decision. Put the house on the market for 237k for a coupl of months and see what happens, watch the other house and if they reduce their price I will reduce mine accordingly.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    OP. What advice has your solicitor given you? As there's no reason why you shouldn't remain in the property.
  • GDB2222
    GDB2222 Posts: 26,512 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you are running a business from the shop, does this have a going-concern value?
    No reliance should be placed on the above! Absolutely none, do you hear?
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