Valuing house: any point in current uncertainty?

C

Caveat

Registered User
Messages
4,007
Hi

Bought 3.5 years ago - a very good deal at the time. Obviously the value will have dropped but we have also made a lot of improvments at very little cost (except to our own backs/limbs).

I'd be interested to know what value would be placed on the house now. But I'm also thinking that it might be a bit meaningless given the market at the moment.

We may considering selling and trading down in the not too distant future (a year or two maybe) but will certainly not get involved in a dutch auction.

Any thoughts on the valuation - pointless?
 
Any comparables on the market/sold recently in the area, if not it could be difficult to put a useful value on it.
 
Some houses are selling, I know 3 people who've bought and sold over the last 3-4 months. One of those was bought/sold within 6 weeks and he was not a FTB. However they priced to sell and were quite realistic as to what they'd get

At the end of the day, it costs nothing to ask an estate agent or 2 to come in and give you a valuation. I suggest you get a few in to try and get a realistic average and then knock 10% off that and see what that reduced figure would allow you to buy
 
I would have thought it was a meaningless exercize.

The auctioneers might or might not know any more than yourself.

They might mislead you to get the sale.

When you do go to sell after two years, they might regard you as a messer who just wants to get their house valued.

The only way to get a correct valuation on your house is to put it up for sale and see what the best offer is.

Brendan
 
plant43 said:
This. Your house is only worth what someone will pay for it.
Click to expand...

True of course - but always has been. Same with anything really.

Thanks for replies. Guess the simplest thing is to check other comprable houses in the area as suggested.
 
You must log in or register to reply here.
Back
Top