Originally Posted by
neal666
the thing that worries me is that the valuation and house went on the market a year ago at £159950 now it hasnt been reduced since and with the falling of house prices over the last year to the current market that means by rights its not worth £159950 anymore surley as its a year old price!
so should the asking price actually be £150k`ish to start with (current climate)? then a offer of £130k`ish would be viable?
i am worried about say getting it for £150k or more then as prices are still going down 6 months later im in negitave equity and its only worth £130K
if that makes sense..
On avaerage prices have dropped 17 percent in the last year.....bearing in mind London property skews this average i'd say a value of that house should be around £140k at present. Also dependent if it's a good area with good schools, access to shops etc as these will hold price slightly better
Last edited by It's Czech Mate; May 7, 2009 at 01:10 PM.