Did you know that in January
60% more people are actively searching for new homes? Knowing the actual price
the owner paid for the house, will help you negotiate exactly the price to offer
when you see a 'Home For Sale' board.
The UK Land Registry's online information lists all house sales and prices
from 2000.
7 years later there is a wealth of information,
which allows you to see house price trends at area, postcode, street and even
individual house level.
For example, yesterday I saw that a terraced
house in E7, East London bought for 89,950 in 2001, was sold for 215,000 in 2006.
Based on an 85% mortgage the seller invested
15,000 (+buying costs) and sold for a 125,000 profit (less mortgage payments &
costs), a return of 800% in 5years!
You can even see the date that the house was bought.
Other sites that provide house sale price information:
  www.ourproperty.co.uk (Free Registration)
www.nethouseprices.com
www.thisishouseprices.co.uk
If you are putting up 'HOUSE FOR SALE BY OWNER" signs, you should
check the real price
properties sold for in your street Are you paying Too Much
for Commission Fees?
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The Home Information Pack
From June 2007 the law will
require anyone selling their home to put together a Home Information Pack for
potential home buyers.
The Pack will bring together all of the key information needed at
the start of the home buying and selling process.
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