PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

New Build Home - Undervalued without visit

123468

Comments

  • 980233
    980233 Posts: 197 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 15 December 2021 at 5:50PM
    Crashy_Time said:
    980233 said:
    Crashy_Time said:
    Anybody else seeing more realistic valuations on new-builds?
    Depends what you mean as realistic. I have just bought in Wokingham, north of 680K and no down valuation by lender.
    This seller has "down-valued" themselves, they started at 775k, which I think is frankly ridiculous.

    https://www.rightmove.co.uk/properties/90552079#/?channel=RES_BUY
    That's clearly not a new build though as it was first sold in 2007 for £455k, stick to the subject matter.


  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    980233 said:
    Crashy_Time said:
    980233 said:
    Crashy_Time said:
    Anybody else seeing more realistic valuations on new-builds?
    Depends what you mean as realistic. I have just bought in Wokingham, north of 680K and no down valuation by lender.
    This seller has "down-valued" themselves, they started at 775k, which I think is frankly ridiculous.

    https://www.rightmove.co.uk/properties/90552079#/?channel=RES_BUY
    That's clearly not a new build though as it was first sold in 2007 for £455k, stick to the subject matter.


    It is a new-build style, and I suspect it has more "down-valuations" to go before it actually sells.
  • 980233
    980233 Posts: 197 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Crashy_Time said:
    980233 said:
    Crashy_Time said:
    980233 said:
    Crashy_Time said:
    Anybody else seeing more realistic valuations on new-builds?
    Depends what you mean as realistic. I have just bought in Wokingham, north of 680K and no down valuation by lender.
    This seller has "down-valued" themselves, they started at 775k, which I think is frankly ridiculous.

    https://www.rightmove.co.uk/properties/90552079#/?channel=RES_BUY
    That's clearly not a new build though as it was first sold in 2007 for £455k, stick to the subject matter.


    It is a new-build style, and I suspect it has more "down-valuations" to go before it actually sells.


    It won't go under 700k and can't account for wally brain estate agents starting that high but again it is not a new build like mine so stick to the title or ask the OP to edit to include 14 year houses in 'new build style'. Whatever that is Victor.


  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
  • 980233
    980233 Posts: 197 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Crashy_Time said:
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
    Very happy considering it wasn't down valued and I know it will gain value. Wokingham isn't town that loses value despite it's local MP.
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    980233 said:
    Crashy_Time said:
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
    Very happy considering it wasn't down valued and I know it will gain value. Wokingham isn't town that loses value despite it's local MP.
    I'm intrigued by how people know these things. 
  • GDB2222
    GDB2222 Posts: 26,321 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    lookstraightahead said:
    980233 said:
    Crashy_Time said:
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
    Very happy considering it wasn't down valued and I know it will gain value. Wokingham isn't town that loses value despite it's local MP.
    I'm intrigued by how people know these things. 
    He has to believe. 
    No reliance should be placed on the above! Absolutely none, do you hear?
  • 980233
    980233 Posts: 197 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    GDB2222 said:
    lookstraightahead said:
    980233 said:
    Crashy_Time said:
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
    Very happy considering it wasn't down valued and I know it will gain value. Wokingham isn't town that loses value despite it's local MP.
    I'm intrigued by how people know these things. 
    He has to believe. 
    I'm also intrigued by people who believe in the complete opposite.

    Explain why you are implying I've bought a bag of magic beans for a cow?
  • GDB2222
    GDB2222 Posts: 26,321 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    980233 said:
    GDB2222 said:
    lookstraightahead said:
    980233 said:
    Crashy_Time said:
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
    Very happy considering it wasn't down valued and I know it will gain value. Wokingham isn't town that loses value despite it's local MP.
    I'm intrigued by how people know these things. 
    He has to believe. 
    I'm also intrigued by people who believe in the complete opposite.

    Explain why you are implying I've bought a bag of magic beans for a cow?
    I’m not saying that. I just don’t see how you can be so certain?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • lookstraightahead
    lookstraightahead Posts: 5,558 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Combo Breaker
    edited 16 December 2021 at 12:59PM
    980233 said:
    GDB2222 said:
    lookstraightahead said:
    980233 said:
    Crashy_Time said:
    Ok, I suppose it isn`t the same, are you happy with the price of your one?
    Very happy considering it wasn't down valued and I know it will gain value. Wokingham isn't town that loses value despite it's local MP.
    I'm intrigued by how people know these things. 
    He has to believe. 
    I'm also intrigued by people who believe in the complete opposite.

    Explain why you are implying I've bought a bag of magic beans for a cow?
    Is this aimed at me? I don't think I implied that 🤣

    I've no idea what will happen, it's just that you said "it won't happen in Wokingham". I'm wondering how you know it won't, is there something about Wokingham we don't know about? 
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.6K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture