Have I offered too much

bankersmug

I've put in an offer for a house in a street where the highest price ever paid is £166,500. The vendor wanted £175,000. They turned down £166,000 so I have gone for £169,950 and got it accepted.
The house is absolutely fab, ticks all the boxes I want from a house and has been completely refurbed.

Now this may sound daft, and I know it's a bit late, but I still don't feel easy being a house price ceiling breaker. Has anyone else experience a situation such as this?

I know this is a completely daft post but any sort of comments are welcome!

robwend

bankersmug wrote:

The house is absolutely fab, ticks all the boxes I want from a house and has been completely refurbed.



you answerd your own question !! you love it its great for you and woppee you got it, if its in your budget and it ticks boxes then who cares what u paid for it !,,,,xxwendyx

regularsaver1

if your worried about it but love it - you'll find out when you have a survey what valuation they come back with then - if then you have got a bargain and you love it, smiles all round

Doozergirl

It's only £3000 for something that's perfect. Even seemingly identical houses in the same street have different layouts and decor. As long as there are no maintenance issues with the building for some years to come you have extra peace of mind.

If anything untoward comes up at survey then you can always knock them down a bit. You shouldn't feel bad about it either when you consider that ceiling price.

rsvtoddy

If you will enjoy the house for many years to come then yes - no problem.

However if it's going to constantly nag at you that you paid over the odds then pull out!

From what you say you will enjoy it - it's a place to live first and an investment second (or should be that way round IMHO).

Don't worry about what other people paid in the past - it's YOUR future.

Mark

bankersmug

Thanks for your comments rsv!

dander

Houses are homes for living in first and formost, and if you've found the perfect place for you then you've made a good decision. If the house is fully refurbed then there's every chance it is worth the extra money you're paying anyway. Sounds like you'll be very happy there, and that's what matters. :beer:

bankersmug

Thanks for all your comments. My only challenge now is to sell my place. A lovely home but the fact it once had the end wall underpinned might put some buyers off. Very odd since my surveyor carried out a structural survey and didn't even mention underpinning in their report!

Doozergirl

Have they taken the house off the market for you?

bankersmug

Not yet doozergirl. I am making the offer in writing, building in the subject to contract, without prejudice wording etc.. Is it normal to ask them to take it off the market at the time of offer? I am a second time buyer but feel like I'm doing it for the first time ever!!

Tassotti

Houses are only an investment if you are an investor. I truely believe that there is a difference between a house and a home.

I own many houses, but only one home.

If this is to be your new home, and you love it, carry on. Live in it, enjoy it, and good luck

:j Tass