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Property prices rediculous.....
martin1959
Posts: 363 Forumite
We had our bungalow valued in Feb 14 just for interest, and had 3 EA's round who all valued it at between £235 and £240k.
A year later we have had 4 EA's round today, as we are now ready to place on market. We had chatted previously hoped it would have gone up to about £265-£270k.
Unbelievably, the first EA valued it at £300k and we thought he was talking out of his ar*e! However, the other three agreed, and all recommended putting it on at between £290k and £300k.
It seems unbelievable that it could have gone up by over 20% in a year, and I am still a bit sceptical, but if it goes for anything near what they are suggesting I will be very happy!!!!
One has offered to take it on sole agency, with no tie in, for 1% INC VAT, as they feel it will sell within days. Another is so convinced he will sell for over £290k, he has offered 0.5% if it sells for less than £290k or 1.2% if he gets over £290k.
A year later we have had 4 EA's round today, as we are now ready to place on market. We had chatted previously hoped it would have gone up to about £265-£270k.
Unbelievably, the first EA valued it at £300k and we thought he was talking out of his ar*e! However, the other three agreed, and all recommended putting it on at between £290k and £300k.
It seems unbelievable that it could have gone up by over 20% in a year, and I am still a bit sceptical, but if it goes for anything near what they are suggesting I will be very happy!!!!
One has offered to take it on sole agency, with no tie in, for 1% INC VAT, as they feel it will sell within days. Another is so convinced he will sell for over £290k, he has offered 0.5% if it sells for less than £290k or 1.2% if he gets over £290k.
20 plus years as a mortgage adviser for Halifax (have now retired), and I have pretty much seen it all....:D
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Do you have a question you would like to ask?
Gloating is such an unattractive trait
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martin1959 wrote: »We had our bungalow valued in Feb 14 just for interest, and had 3 EA's round who all valued it at between £235 and £240k.
A year later we have had 4 EA's round today, as we are now ready to place on market. We had chatted previously hoped it would have gone up to about £265-£270k.
Unbelievably, the first EA valued it at £300k and we thought he was talking out of his ar*e! However, the other three agreed, and all recommended putting it on at between £290k and £300k.
It seems unbelievable that it could have gone up by over 20% in a year, and I am still a bit sceptical, but if it goes for anything near what they are suggesting I will be very happy!!!!
One has offered to take it on sole agency, with no tie in, for 1% INC VAT, as they feel it will sell within days. Another is so convinced he will sell for over £290k, he has offered 0.5% if it sells for less than £290k or 1.2% if he gets over £290k.
Where is it?
Your tag is wrong then, you haven't seen it all!!!,0 -
Well that's great news if you're selling up and moving into a retirement home, however if you're not chances are the property you're looking to purchase has increased by a similar percentage0
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I've seen everything now.... Who knew ridiculous was spelt with an e0
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As DTD says, it's only great news if you're not also trying to buy. If you are buying too, the shock will not be as pleasant.Father Ted: Now concentrate this time, Dougal. These
(he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...:D:D0 -
Property prices are crazy. The 1 bed flat I am buying for 170k would have cost about 140k just 1 and a half years ago.0
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Tryingtomoveout wrote: »Property prices are crazy. The 1 bed flat I am buying for 170k would have cost about 140k just 1 and a half years ago.
Where is it?0 -
My landlady has just exchanged on her St Albans property (Hertfordshire).
7 months ago it was valued at £200,000. She decided to hold off selling until she was sure she wanted to move.
2 months ago she had it revalued by three agents. New price: £250,000 and she's now sold it for £245,000.
That's a 25% leap in valuation in just over half a year. Wow."The problem with Internet quotes is that you can't always depend on their accuracy" - Abraham Lincoln, 18640 -
They're not going up by that much here in the Midlands!
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I moved down south for work about 18 months ago and saw a nice flat for 200k. Now another flat in the same block, same spec etc is for sale for 235k. It is absolutely crazy.Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending0
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