If you brought in 2006, would you expect...

DannyboyMidlands

RedfordML wrote: »

Danny really respect your views, you have given some excellent advice not only on this thread but others!!

You have given me hope that a deal can be done!!

Just be carefull. If you really love the house it might not be so sensible to quibble over a couple of grand. Luckilly I don't get too attached to these things.

20400keith

Don't know if it helps, but according to Propertybee this house was first marketed on 11 July 2012.

I guess a low offer might signal to the vendor that it's overpriced... (or that there's a buyer in search of a bargain!).

Good luck.

RedfordML

Really useful info, thanks Keith.

Lots to think about, thanks all!!!:beer::beer:

IHateDida

Where I live - Norfolk/Suffolk - prices are still very similar to what they were in 2006/2007 - if not slightly above - as a eager buyer I have been watching the market for over a year.

Its becoming a popular area for people to move to - low crime rates, quality of life, good schools etc... so prices are pretty good still, sellers know that and the estate agents are all quite busy.

The market seemed to have dropped a bit 2009/2010 but prices are definitely up again since then. In the local paper it said that this was the region with the fastest population growth in terms of people moving in.

Dereham is generally cheaper but I know I am finding that people aren't willing to budge much on asking prices at the moment.

RedfordML

"Its becoming a popular area for people to move to - low crime rates, quality of life, good schools etc... so prices are pretty good still, sellers know that and the estate agents are all quite busy."

What is the best area for the above in Norfolk/Suffolk in your opinion?

littlesparkles

Bought in the middle of 2006. Have sold in the middle of 2012 for £1000 less than we paid in 2006. So a slight negative price change.

Crazy_Diamond

We bought in Suffolk in Mar 2007 for £469k and sold in Dec 2011 for £595k - very lucky. I think it was a combination of getting a very good deal when we bought it, improved presentation (new bathroom) and a shortage of supply for that type of house.

Interestingly the estate agents valuations varied from £425k to £595k - glad we took a chance and went with the highest.

phoebe1989seb

Turnbull2000 wrote: »

It all depends where you are. In London, I’d expect at least at least 30% more than what I’d paid in 2006, ideally 40%. And a friend who sold her 3 bed terrace in Whitley Bay, North Tyneside for 185k in 2007, was back up for sale at 210k (with no improvements) and just recently sold.

We sold on the South Coast in 2007 for just under £600k and the house has recently gone on the market (and I believe under offer within a week, although obviously I don't know the amount of the offer) at £650k. Again they have done no significant work to the house in the five years since we sold.....

However, the house we bought in 2007 (in Essex) we sold last year for £20k less than our purchase price......and we'd spent a further £40k on 'improvements' including new bathrooms, new kitchen, rewiring etc etc.......:o

poolboy

I bought a flat in SW London in feb 06 & the last one in the block sold for 20% more this year.

Prices shot up till 08, came off a bit & are now back at the highs.

Demand & supply, there's very little choice for buyers & they rent very well.

katejo

poolboy wrote: »

I bought a flat in SW London in feb 06 & the last one in the block sold for 20% more this year.

Prices shot up till 08, came off a bit & are now back at the highs.

Demand & supply, there's very little choice for buyers & they rent very well.

I bought my terraced house in Jan 2006 for £207 K. I'm not selling now but am sure it would be worth just under £250 K now. I have done some improvements on it since buying.