houses selling for what seems less than their value
2007-06-02 23:22:39 · 10 answers · asked by bluehead 1 in Business & Finance ➔ Renting & Real Estate
well it depends on the owner of these houses , if they are desperate to sell or if they have had little intrest in the house.
personally for a few feet of brickwork i find almost every house in the uk to be massively over priced for what basically is littlke more than a shoebox with white paint
2007-06-02 23:27:09 · answer #1 · answered by bigsexydug 4 · 0⤊ 0⤋
It is usually seller motivation. If the seller isn't willing to wait to get your percieved market value for a home then he gets the value someone is willing to pay for it. There are many factors that add into what a home is usually sells for the most important being location. Similar houses sell for different amounts in different areas.
2007-06-02 23:32:15 · answer #2 · answered by steelerspride24 3 · 0⤊ 0⤋
House sell for their value, always. When a willing buyer buys from a willing seller, the sales price is the value. Maybe your opinion of the value of houses is too high.
2007-06-02 23:26:35 · answer #3 · answered by regerugged 7 · 1⤊ 0⤋
many reasons, the owner may want a quick sale so will accept a lower rate, they may be repossessions and the lenders just want their money back and are not interested in making a profit so again a quick sale and cheap, the house could have things wrong with it that you dont see....
2007-06-02 23:26:35 · answer #4 · answered by i give up 5 · 0⤊ 0⤋
The complicated section for me isn't any count if the homestead you desire to commerce in, yours,is likewise in foreclosure. One incredibly does not "supply" ones homestead to a financial business enterprise, the financial business enterprise "takes" it. you're conversing approximately 2 separate transactions that contain possession and deeds that should get replaced, recorded, and so on. it is not particularly like swapping baseball enjoying cards with somebody. In a be conscious, no.
2016-12-12 10:00:09 · answer #5 · answered by ? 4 · 0⤊ 0⤋
A house is only worth what someone is prepared to pay for it.
2007-06-02 23:31:35 · answer #6 · answered by chip2001 7 · 0⤊ 0⤋
They may not appeal to the market at the time.
2007-06-02 23:27:23 · answer #7 · answered by bexfreedom 2 · 0⤊ 0⤋
the property ladder is collapsing
2007-06-02 23:29:01 · answer #8 · answered by Anonymous · 0⤊ 0⤋
today, if you want to sell....thats the way it is.
2007-06-03 01:40:32 · answer #9 · answered by DennistheMenace 7 · 0⤊ 0⤋
perhaps they have structural or damp problems
2007-06-02 23:31:23 · answer #10 · answered by paulrb8 7 · 0⤊ 0⤋