Just been to view a house...

poppysarah

but rightmove has a whole section on house sold prices. You can see houses by street and how much they've sold for. The info is out there... just no direct way to tie in LR data to property bee, or is there?

IveSeenTheLight

dannyboycey wrote: »

It's also possible there's a crash on.... just a crazy hunch!

Hence why I said "It's possible the Propertybee is the Property P0rn in a falling listed price market that the likes of Location, Location, Location or Property Ladder was in a rising market"

The facts are that Propertybee only reflect changes to listed prices, not actual sales.

If a property is valued at 200,000 but marketed at 220,000 and then reduced to 215,000 or 210,00 and sells at that price, has the property dopped in value or risen?

Take the info with the pinch of salt that it needs until you see actual house sales.

Of course I could see the benefit in seeing how long the property has been marketed for and how much the vendor has already dropped the price, all beneficial for deciding how much you can offer on that specific property.

Just dont take it that one property drops its price by a figure therefore that is what must happen to all similar properties in the area

dannyboycey

IveSeenTheLight wrote: »

Just dont take it that one property drops its price by a figure therefore that is what must happen to all similar properties in the area

I didn't. Using Property Bee is like cheating at poker though. If I'm interested in a house, I can get a very good idea of whether or not the vendor is desperate to sell and what kind of price I'm likely to get away with. It simply gives one the upper hand in deal negotiation.

I'm not interested in being some kind of HPC ambassador, seeking 'evidence' that the market is falling and then preaching like a crazed evangelist to get others to join the cause. To be honest, I don't really care what others think the market will or wont do. My concern is my own bank balance. Philanthropist I aint

boinging_2

dannyboycey wrote: »

I didn't. Using Property Bee is like cheating at poker though. If I'm interested in a house, I can get a very good idea of whether or not the vendor is desperate to sell and what kind of price I'm likely to get away with. It simply gives one the upper hand in deal negotiation.

I'm not interested in being some kind of HPC ambassador, seeking 'evidence' that the market is falling and then preaching like a crazed evangelist to get others to join the cause. To be honest, I don't really care what others think the market will or wont do. My concern is my own bank balance. Philanthropist I aint

Perfect summing up of the situation. I hope all cheerleaders house prices remain high and their BTL investments hold up. It's the houses in my area I'm watching the prices reduce on and to be honest that's all I care about.

IveSeenTheLight

dannyboycey wrote: »

I didn't. Using Property Bee is like cheating at poker though. If I'm interested in a house, I can get a very good idea of whether or not the vendor is desperate to sell and what kind of price I'm likely to get away with. It simply gives one the upper hand in deal negotiation.

I'm not interested in being some kind of HPC ambassador, seeking 'evidence' that the market is falling and then preaching like a crazed evangelist to get others to join the cause. To be honest, I don't really care what others think the market will or wont do. My concern is my own bank balance. Philanthropist I aint

Its good you realise this and use it for this purpose only.
There are a few on here that take the propertybee results as actual house prices have dropped
Good luck with your search

poppysarah

IveSeenTheLight wrote: »

There are a few on here that take the propertybee results as actual house prices have dropped

I thinkit is safe to presume that when asking prices drop, so will selling prices.

mr.broderick

poppysarah wrote: »

I thinkit is safe to presume that when asking prices drop, so will selling prices.

Drop from where?

poppysarah

mr.broderick wrote: »

Drop from where?

EA use values of those hosues sold recently on the street and in their area.

Great example near me. House for sale last year. Gets bought for 128k. They've then tried to sell it almost straight away for 128k. No one is biting. No viewings. They've now reduced the price by 4k to 124k.

It's very unlikely that anyone will come along and voluntarily offer them 4k more than they're asking for it so it'll sell for less than it's original asking price which was the same as what it sold for a few months earlier.

The estate agent could have told them for a quick sale to price it less than they bought it (There's another on the street for a 109 and one for 126k) and less than those other ones on the street.

When nothing is selling you can ask for as much as you want.

bargainlover08

We went to look at a house about a month ago 2 bed semi, bit small but nice location and has garage and extra parking space. We are looking for our first home and decided to wait a bit longer to see what happens. It was on for £142k then dropped to £139K. Today they dropped 10k off down to £129k. So prices are definitely dropping in our area (Northamptonshire). Now I am seriously thinking of putting in an offer but dont want prices to drop more. Its so difficult!!

m00m00

at at 129k they are pricing in a defacto drop of 4k to 125k due to the stamp duty threshold