UK Landlord Forum / Life

Someone asked me the other day what i thought about them selling there house.
He brought it back in 1972 for 3k.
The mortgage was paid off along time ago.  Now he wants to pi55 of to spain and asked what he should do in relation to the price for his house etc etc, i asked him what he could comfortably live on in spain and he told me a figure, i told him, as he has made 1000s% profit anyway he should ask for what HE feels he needs.  He came up with a figure he was more than happy with and would see him alright for a few years.  He got a few agents in to price the place up, he was amazed to find that the differance between his estimation and there valuation was 200k lol.
So i guess when it comes to selling at the moment you got to sell at what you feel comfortable with and maybe not what the agents tell you.

Who evaluated more 200k more?

lol @ 3k for a house. They were the days

Basicly he said he wanted 350k, thats all he wanted/wants but the estate agent said the house is worth an inflated 550k.
He wants to sell and knows that if he puts on at 550k he will be waiting for months to sell, but at a price he is happy with will sell very quick * to me * lol.

Ummm i wonder what he should do !

Quote from: propertyfag on April 15, 2008, 02:58:42 PM
lol @ 3k for a house. They were the days

Dito.

My auntie and uncle bought their house many moons ago for 17k - God knows what it's worth now!

I know someone else who brought for just over 3k back then, they finished paying there mortgage of 14 squidaroonies a month not so long ago, lol