House Prices Up - Do i cancel my sale?

plzsm

dear all
thanks for all the comments
largely constructive
i assure you i wasnt winding anyone up
it was a serious thought
although i think some misinterpreted my thoughts
i have no desire to pull out of the sale
remember though we are losing here anyway (selling for less than we paid)
we dont want to be greedy, my concern is we sell this week at the bottom of a market i.e. we have got the min price for our house
and then we start to rent tied in for 6 months min and the prices rise each month, meaning the house we end up buying will cost more than it does today? i hope this makes sense

ps i am not sure what was meant by STRs ??

lostinrates

plzsm wrote: »

dear all
thanks for all the comments
largely constructive
i assure you i wasnt winding anyone up
it was a serious thought
although i think some misinterpreted my thoughts
i have no desire to pull out of the sale
remember though we are losing here anyway (selling for less than we paid)
we dont want to be greedy, my concern is we sell this week at the bottom of a market i.e. we have got the min price for our house
and then we start to rent tied in for 6 months min and the prices rise each month, meaning the house we end up buying will cost more than it does today? i hope this makes sense

ps i am not sure what was meant by STRs ??

STR is sold to rent (people who sold to rent forecasting the drop).

God luck, hope your sale is successful.

Dan:_4

plzsm wrote: »

dear all
thanks for all the comments
largely constructive
i assure you i wasnt winding anyone up
it was a serious thought
although i think some misinterpreted my thoughts
i have no desire to pull out of the sale
remember though we are losing here anyway (selling for less than we paid)
we dont want to be greedy, my concern is we sell this week at the bottom of a market i.e. we have got the min price for our house
and then we start to rent tied in for 6 months min and the prices rise each month, meaning the house we end up buying will cost more than it does today? i hope this makes sense

ps i am not sure what was meant by STRs ??

Don't worry, prices are not going to rise in the next 6 months. - we're not quite at the bottom just yet.

piggeh

If this is the bottom of the market and I assume you are buying sometihng bigger, it's the IDEAL time to sell, if you pull out and prices go up by 10% you are only making it a larger pricing gap between your current property and those further up the ladder.

brightonman123

£210k in the bank NOW seems good, and much better than a MAYBE £220k or whatever, sometime later..

harryhound

you can delete the first entry

Sword_OF_Damocles

Sell. Don't be stupid and succumb to the greed that got everyone into this mess in the first place. These figures are not representative of the whole of the market and could be based on anything. The thicko media are jumping on the bandwagon and so are the sheeple in thinking that the housing market is recovering. If you can get 200k for it then sell it because you probably won't get that if you don't.

littlemrtinkle

SELL SELL SELL:j

PasturesNew

http://en.wikipedia.org/wiki/Dead_cat_bounce

Dan:_4

PasturesNew wrote: »

http://en.wikipedia.org/wiki/Dead_cat_bounce

I would hoping for that as well, if i had STR