02GF74
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| posted on 28/4/08 at 11:04 AM |
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this will cheer you up.
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blakep82
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| posted on 28/4/08 at 11:08 AM |
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a handy little site!
well, if you're looking to buy anyway...
________________________
IVA manual link http://www.businesslink.gov.uk/bdotg/action/detail?type=RESOURCES&itemId=1081997083
don't write OT on a new thread title, you're creating the topic, everything you write is very much ON topic!
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graememk
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| posted on 28/4/08 at 11:11 AM |
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i own the ones either side of the one for sale and i only paid £82 for them 4 years ago
http://www.propertytoday.co.uk/Details.aspx?Town=%2C&MaxPrice=
3000001&MinPrice=10000&OrderType=1&Radius=0&PropertyType=2&Bedrooms=3&Page=2293&Position=8&PropertyValues=30478591,304
76590,30461515,30494156,30458943,30450233,30447388,30443424,30443094,30442996,30442909,30442499&propertyhash=a7f237a643f2ca68883a124b804fc5f9&
PrePage=2293
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RazMan
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| posted on 28/4/08 at 11:13 AM |
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Nooooooo
Down an average of 10% in my area - but some are down 37%!!
Cheers,
Raz
When thinking outside the box doesn't work any more, it's time to build a new box
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Mr Whippy
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| posted on 28/4/08 at 11:17 AM |
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your right it has cheered me up -
no property drops in your area
 actually prices are still going up and I'm only building for money, retire abroad a 37 
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DarrenW
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| posted on 28/4/08 at 11:24 AM |
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lets be clear - what we are looking at here is a reduction in the asking price. It is not a reduction in a houses value. 2 very distinct and seperate
entities.
It has been very common in the market over the last 2 or 3 years for people to ask 10 - 15% over a houses true value. If they get the asking price
they are quids in. If they drop the price 10% then its feasible that they are still asking over its true value.
The majority of the drops we are seeing at the moment is a relaxation in the vales as they hit a plataeu. Think of it as a car - you drive up a hill
and have to apply some throttle to maintain the speed - as you reach the top the car can speed up so you have to ease off the throttle. Exactly the
same is happening in the housing market - slightly compunded by a supposed shortage of finance available therefore people sweetening the deal with
some discounts.
Ref shortage of loans - this was bound to happen. More houses are being built. They are worth more now than 10 years ago. Banks have a finite reserve
of money. The cash they have buys fewer houses.
Good site - thanks for the link.
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Mr Whippy
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| posted on 28/4/08 at 11:34 AM |
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Do you not get the feeling that the media are deliberately scare mongering about house prices in a bid to induce a crash?
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David Jenkins
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| posted on 28/4/08 at 11:59 AM |
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Nothing the media likes better that talking up a crisis - gives them something to put in their rags later on.
Look at the current petrol crisis (again ) - if the media hadn't said that there would be shortages then no-one would have queued up to panic
buy and very few people would have been the slightest bit concerned.
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DaveFJ
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| posted on 28/4/08 at 12:06 PM |
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Errr - acording to that site prices in my area are crashing... but according to the mortgage company evluator that came out last week they are fine!
in fact he valued my house a 12% more than 8 months ago!
And I have never seen a house for sale in my immediate area stay on the market for more than 2 months!
Dunno where this site gets it's stats but they seem very suspect to me!
Dave
"In Support of Help the Heroes" - Always
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iank
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| posted on 28/4/08 at 12:35 PM |
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Site looks right for me. It seems to be based on changes in price on internet adverts. There's lots for sale up here, and nothing moving.
Everyone waiting to see what happens. Wouldn't put much credence on a valuer btw they will value based on what the loan company want them to
say in my experience. A house is worth nothing more/less than someone else is prepared to pay.
Media/greed/easy loans caused the house price bubble. (20% growth per year every year was never going to be sustainable). Media/frightened
people/tough loan conditions will cause the crash.
For amusement this place near me
http://propertysnake.co.uk/site/detail/13139870
2millon to 1.4million in one jump. The only possible conclusion is that the original figure was the fevered imagining of the owner and the
correction a realisation that they would never sell. The property never was worth £2M, but a couple of years ago someone would have bought at top
price it in the belief that property would keep going up forever, now sanity is returning. On the bright side house prices dropping is good if you
want to move into a better house - assuming you can get a loan.
--
Never argue with an idiot. They drag you down to their level, then beat you with experience.
Anonymous
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RazMan
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| posted on 28/4/08 at 01:14 PM |
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quote:
Originally posted by DaveFJ
Errr - acording to that site prices in my area are crashing... but according to the mortgage company evluator that came out last week they are fine!
in fact he valued my house a 12% more than 8 months ago!
And I have never seen a house for sale in my immediate area stay on the market for more than 2 months!
Dunno where this site gets it's stats but they seem very suspect to me!
It all depend who you believe I suppose, but when I put my house on the market last year I was astounded at the high price all of the agents valued it
- I have since dropped the price by 20% in a vain attempt to sell it and STILL no takers 
I think the estate agents have a lot to answer for - if they valued properties realisticly in the first place, people would have to drop the price to
get a sale which just gives the media more ammunition to chuck about.
[Edited on 28-4-08 by RazMan]
Cheers,
Raz
When thinking outside the box doesn't work any more, it's time to build a new box
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DarrenW
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| posted on 28/4/08 at 02:28 PM |
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Propertysnake has nothing to do with true market valuation of houses. It is purely reporting those houses where the owner has reduced the asking
price. Also it does not (cos it cant) reflect situations where an owner changes agents and puts their house back up at a lower asking price than
before.
It is NO WAY an indicator of property valuation. Even in a strong market there will be properties where the owner has been greedy or the house is a
little odd where they have to be reduced to shift them.
I had my agent round last week. He told me that before he opened his own office he worked for a firm that gave the valuers £15 for getting a property
on the books. This is an example of agents inflating asking prices to suit there own means. Later the poor owner will be asked to reduce.
Asking price and true valuation are 2 seperate (slightly linked) entities.
There are some great sites where you can determine what people got for their houses - those are a better indicator of what houses in an area are worth
but again they dont reflect owners circumstances or condition of the property. Only it sale price.
[Edited on 28/4/08 by DarrenW]
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JoelP
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| posted on 28/4/08 at 05:56 PM |
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quote:
Originally posted by Mr Whippy
Do you not get the feeling that the media are deliberately scare mongering about house prices in a bid to induce a crash?
HPC.co.uk has been for 5 years. You can always talk it into a dip, however, i dont expect it to come to much. 
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JoelP
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| posted on 3/5/08 at 08:19 AM |
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that said, ive just seen my neighbours house listed at £240k, the bloody dreamer! Mine was only 150, and deffo no more than 180 now. I'd have
good money on that not selling for a very long time!
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