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£85,000 price rise in 3 years?
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It gets valued on the basis of what current market values are, not whatever it sold for in 2016. So it would be more meaningful to look at more recent sales of comparable properties in the neighbourhood.
There aren't really many comparable properties, as its a small village other detached houses at a similar size and rough price are 400 and 350k both of those are 5 and a 6 bed
Could the sellers just be greedy?0 -
House I got, seller paid £35,000 (roughly) and I paid £68,500 - within a year, only changes was double glazing, it is what it is.0
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Ok, so the surveyors will look a bit further out.There aren't really many comparable properties, as its a small village other detached houses at a similar size and rough price are 400 and 350k both of those are 5 and a 6 bed
Yes, that's possible. Though if you don't have evidence of what the current market is, it could equally be the case that the asking price is correct and it's the 2016 price which was wrong.Could the sellers just be greedy?0 -
Houses in my area have gone up about 30% in that period!0
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Ok, so the surveyors will look a bit further out.
Yes, that's possible. Though if you don't have evidence of what the current market is, it could equally be the case that the asking price is correct and it's the 2016 price which was wrong.
OK, would that be fair though? Looks like the areas get worse/more densely populated the further out you go.0 -
It would be really interesting to see what it's actually valued at by the professionals rather than the estate agent and the owner, who obviously have a vested interest. I'm wary of a property I'm looking at being reduced by over 25%, i would also be wary of such an increase.0
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Zoopla will give you a reasonable idea for a property that hasn’t had much done to it.
https://www.zoopla.co.uk/house-prices/I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
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Must be the pallet coffee table then.0
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