Are house prices going up or going down?

[DimPrawn]

The answer is.........both

[Old Greg]

London prices are inflated by sas's shed.

[DimPrawn]

London prices are inflated by sas's shed.

head

[sasguru]

Up in London, down everywhere else.
HTH

[scooby]

We've just had an offer of 185k accepted on a 210k house. They had been on the market for 12mth+ and were becoming desperate, having recently dropped it by 10k.

Every house we viewed had been on the market for a minimum of 8mths, and many had dropped their price by 10k at least once. They just arent selling, and the market isnt getting better. Yet estate agents are valuing at silly figures, and mortgages are refusing to lend based on the survey valuation which regularly comes in lower. There is a disconnect somewhere...

I cant figure out the market at the minute, it's strange, yet many sellers are getting twitchy after 9mths but wont reduce the price or accept offers...

[sasguru]

We've just had an offer of 185k accepted on a 210k house. They had been on the market for 12mth+ and were becoming desperate, having recently dropped it by 10k.

Every house we viewed had been on the market for a minimum of 8mths, and many had dropped their price by 10k at least once. They just arent selling, and the market isnt getting better. Yet estate agents are valuing at silly figures, and mortgages are refusing to lend based on the survey valuation which regularly comes in lower. There is a disconnect somewhere...

I cant figure out the market at the minute, it's strange, yet many sellers are getting twitchy after 9mths but wont reduce the price or accept offers...

Sold our house in 3 days - went to sealed bids and got above asking.
But I suppose I'm in a different demographic.
HTH

[NorthWestPerm2Contr]

We've just had an offer of 185k accepted on a 210k house. They had been on the market for 12mth+ and were becoming desperate, having recently dropped it by 10k.

Every house we viewed had been on the market for a minimum of 8mths, and many had dropped their price by 10k at least once. They just arent selling, and the market isnt getting better. Yet estate agents are valuing at silly figures, and mortgages are refusing to lend based on the survey valuation which regularly comes in lower. There is a disconnect somewhere...

I cant figure out the market at the minute, it's strange, yet many sellers are getting twitchy after 9mths but wont reduce the price or accept offers...

I think about 10% off asking price is getting somewhere towards actual value of the house when you take inflation into account. 185k with the worthless pound is only slightly unreasonable for say a semi-detached house in my area. I am going to view a house in 3 hours for a house that is on for 210k, I would not put an initial offer on for it at anything more than 180k.

[DimPrawn]

Sold our house in 3 days - went to sealed bids and got above asking.
But I suppose I'm in a different demographic.
HTH

What's it like being homeless then?

[scooby]

I think about 10% off asking price is getting somewhere towards actual value of the house when you take inflation into account. 185k with the worthless pound is only slightly unreasonable for say a semi-detached house in my area. I am going to view a house in 3 hours for a house that is on for 210k, I would not put an initial offer on for it at anything more than 180k.

I went in at 170k, then 2 days after rejecting, I went in at 185k final offer. it worked, no messing all in place now For the area, house (4 Bed) and location, its a very good price

[sasguru]

What's it like being homeless then?

Not very nice. But I have a large amount of money to play with.
PS Like my sig? Pretty accurate I'd say, unlike yours