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Showing posts from June, 2008

Valued Opinion?

In today’s challenging sales market it is more important than ever to make sure you price your home as accurately and competitively as possible. No doubt you will have had it’s marketing price appraised by more than one estate agent, but did you actually appraise how their figures were arrived at? Today’s agent has more tools available for arriving at an accurate figure than ever before but a recent statistic from the country’s leading property website, Rightmove, shocked me. Every agent advertising on the site has access to a tool called ‘Best Price Guide’ which enables agents to compare the property they are going out to look at with similar properties that are or have been advertised by themselves plus all other agents. The properties may be sold subject to contract, for sale or withdrawn. Another feature is the Land Registry recorded sale price. You would have thought that this section of the website would have been suffering from server overload in these difficult times but a Righ

Prices falling or floating?

If you want to know what’s really happening to house prices do you read the property press, watch the news on TV, ask the Nationwide Building Society, ask your mate down the road or ask an estate agent? I’d suggest that the latter is a good idea but you can’t get much more accurate than H M Land Registry. This is where all property transactions are recorded including the actual sale price. This information has been available in the public domain since 1st January 2005 so there are a number of websites that publish this for everyone to look up for free ( www.nethouseprices.com www.mouseprice.com ) If your someone who subscribes to the newspaper or TV media for finding out about the value of your biggest asset then of late you will have the impression that house prices are in free fall and seen figures of anything between 10% and 40% reductions bandied about to everyone’s horror. The latest Land Registry figures make interesting reading and, in my opinion, show an underlying trend tha