Opinions on this...

mailmannz

Why would you sell if your price was significantly lower than your original purchase price?

I really dont see what the problem is if you have purchased a home to be exactly that, a family home. Its not a short term investment, but something you will be in for at least 10 years.

Mailman

mailmannz

poppysarah wrote: »

It's insane whatever it is.

But the OP has got upset because we've not all congratulated them on their choice of action.

The OP got upset because a lot of the replies were down right rude (bless the anonymity of the intraweb!).

Mailman

lynnexxxo

mailmannz wrote: »

Why would you sell if your price was significantly lower than your original purchase price?

I really dont see what the problem is if you have purchased a home to be exactly that, a family home. Its not a short term investment, but something you will be in for at least 10 years.

Mailman

The OP has stated he is only wanting to live there for a couple of years before moving to another part of the country.

jamief

Hello friends

Just to clarify a few things from yesterday (bad day at the office, as it were).

I do realise that new builds often come with a large discount, whereas historically non-new-builds have been subject to an offers over policy in Scotland.

Thirdly - wherever we end up living next, we will be there for, I'd estimate, 5-7 years. If we had children there, longer.

If and only if, we went with this scheme, we would be looking for at least £15,000 off the asking price of a new build. There is a "used" house of the same type on the same development just now for £250,000. Ideally, with the new build not being fitted with carpets, blinds, or turf, we'd want more than that off the asking price. I probably got completely sidetracked and didn't state any of this.

Also, we'd be putting in a deposit of between £25,000 and £30,000, so it wouldn't be the same as a 100% mortgage, as has been stated.

And finally - I'd actually prefer an older house, always have, always will. So I hadn't, as has been suggested, made up my mind already, nor was a I letting my heart rule my head. I guess I went on the defensive based on some of the replies.

:money:

Catblue

Fair enough.

I think a few of us probably thought that you intended to rush down to the Miller office and sign on the dotted line.

You haven't sold your own house yet so you are in absolutely no rush. Use the time to research the area properly. Look at the sold prices for older houses that have sold in the area recently. That will give you at least a reasonable guide to what the market is like at the moment.

Good luck with it.

jamief

We are thinking of putting our own house on the market in early February. Just had it confirmed that we don't need to pay any estate agency fees, nor legal fees for either the sale or the purchase which is nice.

Now I wonder what the chances of finding a mortgage at 2.89% are

sarkin

Hi Jamie

glad to see you back :beer:

TTMCMschine

jamief wrote: »

Hello friends

Just to clarify a few things from yesterday (bad day at the office, as it were).

I do realise that new builds often come with a large discount, whereas historically non-new-builds have been subject to an offers over policy in Scotland.

Thirdly - wherever we end up living next, we will be there for, I'd estimate, 5-7 years. If we had children there, longer.

If and only if, we went with this scheme, we would be looking for at least £15,000 off the asking price of a new build. There is a "used" house of the same type on the same development just now for £250,000. Ideally, with the new build not being fitted with carpets, blinds, or turf, we'd want more than that off the asking price. I probably got completely sidetracked and didn't state any of this.

Also, we'd be putting in a deposit of between £25,000 and £30,000, so it wouldn't be the same as a 100% mortgage, as has been stated.

And finally - I'd actually prefer an older house, always have, always will. So I hadn't, as has been suggested, made up my mind already, nor was a I letting my heart rule my head. I guess I went on the defensive based on some of the replies.

:money:

Hang on a minute.......

to quote you:

IN SCOTLAND IT IS OFFERS OVER - GOT THAT DUMMIES - YOU CAN'T OFFER LESS OR THEY'LL TELL YOU TO F-OFF, ETC.

So whats all this about wanting a discount?

Or are you now saying that you talked to mummy & daddy & they agreed with us?

jamief

TTMCMschine wrote: »

Hang on a minute.......

to quote you:

IN SCOTLAND IT IS OFFERS OVER - GOT THAT DUMMIES - YOU CAN'T OFFER LESS OR THEY'LL TELL YOU TO F-OFF, ETC.

So whats all this about wanting a discount?

Or are you now saying that you talked to mummy & daddy & they agreed with us?

If you are going to quote someone, it is generally polite to quote what they actually said :T

Secondly - given your previous outbursts, maybe you should just steer clear of this thread? Or, as it is beginning to seem, if you have an issue with me on a personal level, feel free to use the PM function of the board, and I'll be more than happy to reply.

I love the "mummy and daddy" bit btw - is that what you call yours?

Oh, and before I forget (it is getting late after all), you also seem to have some anger issues towards the current education system. I'm not wholly sure why you felt the need to question my degree in an earlier post. Are you struggling for work? Job been taken by someone younger and better qualified?

kennyboy66_2

jamief wrote: »

Hello friends

Just to clarify a few things from yesterday (bad day at the office, as it were).

I do realise that new builds often come with a large discount, whereas historically non-new-builds have been subject to an offers over policy in Scotland.

Thirdly - wherever we end up living next, we will be there for, I'd estimate, 5-7 years. If we had children there, longer.

If and only if, we went with this scheme, we would be looking for at least £15,000 off the asking price of a new build. There is a "used" house of the same type on the same development just now for £250,000. Ideally, with the new build not being fitted with carpets, blinds, or turf, we'd want more than that off the asking price. I probably got completely sidetracked and didn't state any of this.

Also, we'd be putting in a deposit of between £25,000 and £30,000, so it wouldn't be the same as a 100% mortgage, as has been stated.

And finally - I'd actually prefer an older house, always have, always will. So I hadn't, as has been suggested, made up my mind already, nor was a I letting my heart rule my head. I guess I went on the defensive based on some of the replies.

:money:

Older house - now your'e talking

Only minor finger burn getting the roast dinner out for me you will be pleased to know.

Peace and love to you Jamie