How Much Is My Property Worth?
When people used to wonder to themselves “How much is my property worth?” they had little choice but to either get an estate agent round or simply guess. But these days, things have changed for the better.
When estate agents value to your house, the valuation can differ wildly depending on who you get. However, many websites online these days can give you the kind of detailed data that was once only available to mortgage lenders and agents. This means that you can not only find out the value of your home, but you can have some insight into what neighbours get for their houses. You can look at would future trends might be, too.
One good place to look for an instant quote on the value of your property without going to a real estate agent is to go to Propertypriceadvice. Here, you enter basic details such as how many rooms your house has and whether or not there’s a garage. The site will come up with a best, average and worst price for your property, in a general sense. You can also download a PDF that will have some hints for you like what impact different renovations could have on the price of your home. Remember, though, that this is an automated online tool and therefore is only meant to be an estimate. Use it as a guide rather than truly depending on the figures it gives you.
This kind of service is usually quite costly. Mouseprice and Hometrack will charge you £20. This means that getting a free estimate of your house’s price can be very useful. As an alternative, you can enter the price of the home when you bought it and go to the Nationwide House Price Calculator. Type in the year you bought your house and the price you paid. This site uses averages on increasing house prices in the region to give you a current estimated value, not including upgrades or renovations.
See how much houses in your street have sold for
Nethouseprices and Houseprices are two good places to find out what properties are selling for in your area. Enter your postal code or street. The sites will list what properties that are sold for and you can also narrow your search here by house style and age. These sites bring data from the Land Registry and the Registers of Scotland.
Houseprices can also give you a houses and prices on a Google map. Click on one of the pins to see all the information and a sale price for a particular house. If you’re looking for more detailed data on price trends, go to the Land Registry’s House Price Index for an average house price by region and country. They’re also broken down into different property types.
Property Price Predictions
It can be difficult to predict trends. During one debate on television, for example, the conversation was between a senior estate agent and a city economist. The estate agent predicted that there would be continued house growth, while the economist predicted a 30% crash. My personal view is that it is anyone’s guess, and that no one really knows.
Simply, property is an asset just like other asset. Nobody really knows what the future holds. However, if you want to see what the so-called “experts” predict, you can take a look at Housepricecrash. This particular website has an agenda based upon those who want or believe that prices will crash. Don’t be put off by this though, because it also collects data from places like the Financial Times, the Land Registry, and Hometrack to keep track of housing price trends. It also keeps track of house price predictions from different experts to give you an overall view of what the future might bring.
Find properties that have sunk in value
If you’re looking for a bargain, Propertysnake is a good place to start. This will show you which properties in your area have recently dropped in asking price, and by how much they have. Type in your postal code to see who’s having trouble selling his or her house and what percentage they’ve dropped their price by. This is very useful as you bargain in negotiations.
Now when you ask yourself “How much is my property worth?”, you know where to find the answer.
