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Debate House Prices
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House Prices Up - Do i cancel my sale?
plzsm
Posts: 114 Forumite
I am about to complete the sale of my house next week
its taken a year to be get this point
we went on the market at £245K (possibly too much)
reduced to £230, then £220 finally agreed a sale at £210K (we bought it 5 years ago at £215K)
the plan is to go into rented while the prices drop further
but now we have an increase !
have we sold at the bottom of the market? maybe
but we plan to rent for 6 months (need to sign the contract tomorrow)
but I am worried prices will have risen in 6 months and the timing of all this could cost us big time !
any thoughts?
we could pull out of the sale but that seems a bit drastic
to add we live in the east midlands
and we really want to move from where we live, long commute and not the desireable location we had hoped for
its taken a year to be get this point
we went on the market at £245K (possibly too much)
reduced to £230, then £220 finally agreed a sale at £210K (we bought it 5 years ago at £215K)
the plan is to go into rented while the prices drop further
but now we have an increase !
have we sold at the bottom of the market? maybe
but we plan to rent for 6 months (need to sign the contract tomorrow)
but I am worried prices will have risen in 6 months and the timing of all this could cost us big time !
any thoughts?
we could pull out of the sale but that seems a bit drastic
to add we live in the east midlands
and we really want to move from where we live, long commute and not the desireable location we had hoped for
0
Comments
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Hmmm, yeah pull out & have to wait another year for someone to come along & maybe offer you £212k for your house.
I think not."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
I am about to complete the sale of my house next week
its taken a year to be get this point
we went on the market at £245K (possibly too much)
reduced to £230, then £220 finally agreed a sale at £210K (we bought it 5 years ago at £215K)
the plan is to go into rented while the prices drop further
but now we have an increase !
have we sold at the bottom of the market? maybe
but we plan to rent for 6 months (need to sign the contract tomorrow)
but I am worried prices will have risen in 6 months and the timing of all this could cost us big time !
any thoughts?
we could pull out of the sale but that seems a bit drastic
to add we live in the east midlands
and we really want to move from where we live, long commute and not the desireable location we had hoped for
you want to cancel your sell because of 1 set of figures that don't cover the whole of the housing market has risen by less than 1%
it took 8ish years before house prices rose properly in the last reccession.....even after many rises and falls.
You are probably not the first or are going to be the last seller to do this......but be it on your head.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Go through with the sale0
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Madness that is like saying I will knock you £4K off after accepting a offer just because they fell.
But I suspect wind up here.0 -
I am about to complete the sale of my house next week
its taken a year to be get this point
we went on the market at £245K (possibly too much)
reduced to £230, then £220 finally agreed a sale at £210K (we bought it 5 years ago at £215K)
the plan is to go into rented while the prices drop further
but now we have an increase !
have we sold at the bottom of the market? maybe
but we plan to rent for 6 months (need to sign the contract tomorrow)
but I am worried prices will have risen in 6 months and the timing of all this could cost us big time !
any thoughts?
we could pull out of the sale but that seems a bit drastic
to add we live in the east midlands
and we really want to move from where we live, long commute and not the desireable location we had hoped for
Dear God, your not serious are you ?, now is the perfect time to sell, EA's will be brainwashing like no tomorrow at the minute, you will have more buyers for a few weeks as people who's only media outlet is watching Jeremy Kyle think we are at the bottom, sell and don't look back.
Edit.........Sorry, didn't read all the post if you're planning on STR'ing, forget it, the boat has gone.0 -
The greed already starts to show itself!!!If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
Hey they are only asking a question no need to be so sarky :rolleyes:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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Hey they are only asking a question no need to be so sarky :rolleyes:
And as I pointed out if they want to cancel their sale because of 1 set of figures for 1 month then be it on their head.
but would be very stupid to do so.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
This makes me laugh. How many posts have we had "ask for another 2% off because of this months Nationwide figures"
:rotfl:
To the OP: Seriously, do not lose this sale.
So its not greed wanting more money for something that isn't worth that amount of money?
And not as half as many about people being gazumped and the seller letting it happen because they want more more more.If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0
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