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Selling our BTL in this economic recession... how's that for on topic?
Cleaver
Posts: 6,989 Forumite
After not being around for a while I take a scan at the subject list down the board (which took a while to find by the way. I thought I was going mental when this board was somehow missing from the main list, and wondered whether I just dreamt 12 months of posting on here. For a brief moment I had a Matrix image, where it was all just a parallel dream. There is no spoon. etc. Then I logged in, it popped up and I realised that rather than it being a complex second reality, you lot has simply been naughty and told off by Martin. Tut tut.) and I see US Housing, Vince Cable, Credit Card, Economists see end to downturn, Darling to demand..., UK Economy slows deflation, etc. etc. I just came on to discuss immigrants, sock puppets and dole scroungers. Am I in the wrong place? Just joking of course, it was rather nice to see.
Anywho, thought I'd pop back on and just quickly say hello. Was chatting with Mrs Lostinrates via a sneaky e-mail (it was about a wife swap meet, in case any of you are curious*) and it made me nostalgic for the heady days of April when I used to post... seems so long ago now...
Masters is going alright. Nothing like adding skills you can use in real life to your arsenal in a recession, so if you need someone to quote some management theory at you, catagorise your organisation in to one of four simplistic structural models or examine bleedingly obvious external factors that might hurt your business or organisation, then I'm your man. Oh yes.
So, me and Mrs C have decided to sell our BTL pad. I've never sold a property before (Mrs C has, but that was in the good old days when you bought a place for 87p, put it on the market ten years later and had people offering the asking price, a £3k bonus and their blonde, 19 year old niece just to have a look round), so thought it'd be fun to update you lot on selling a house in these weird old times. We had a chat about what we fancy doing in life, and moving abroad and doing something completely different in a foreign land seemed to be something we really fancy doing in the next 2 to 3 years. Selling our house would mean being mortgage free on our flat and having a nice lump sum left over. We had a discussion about what we thought house prices would do (which means precisely nothing of course, but you have to make your own decisions in life) and the rational 80% of our brains thought that there's maybe another 10% or so to come off house prices and then they would be pretty much stagnant for 4 or 5 years. There was a widely optimistic 10% of our heads that thought that maybe the recent surge in interest was real, we've hit a bottom and we're on our way up. And then 10% of our brain looks like a big, pink, dopester or amcluesent, and the future is people begging you to take their house in exchange for your survival guide, gas powered chainsaw and steel toe-capped boots.
We thought we'd go with the opinion of the sensible, 80% of our brains and decided to sell now, rather than in a few years time because, well, we just wanted to. I think it stems down to the fact that we always had in the back of our head that we may not enjoy our new lives oooop north, and we wanted to keep our lovely house in case we wanted to move back. We've pretty much accepted now that we will be staying up here, or moving abroad if we can, so no point keeping the other place.
So, if anyone cares (and do let me know, I don't want to bore people) I thought I might update this thread with how our house sale goes; in some narcissistic , pointless, anecdotal way. One case means nothing of course, but thought it might be interesting (well, my sad definition of interesting). I know this may be better suited to the Buying Houses Board (or whatever it's called) but I don't know anyone there, so they'll just think I'm some pointless loser. Which you lot might think too, but at least I know you're all pointless losers too, which somehow helps.
Anyway, If anyone does care I'll pop on later if I get chance and let you all know how my first meeting with the estate agent went.
(Is it wrong that I'm really looking forward to a sarcastic Mewbie reply?)
* for 'wife swap meet' read 'I'm lending her a book I thought she'd like'. Ah well.
Anywho, thought I'd pop back on and just quickly say hello. Was chatting with Mrs Lostinrates via a sneaky e-mail (it was about a wife swap meet, in case any of you are curious*) and it made me nostalgic for the heady days of April when I used to post... seems so long ago now...
Masters is going alright. Nothing like adding skills you can use in real life to your arsenal in a recession, so if you need someone to quote some management theory at you, catagorise your organisation in to one of four simplistic structural models or examine bleedingly obvious external factors that might hurt your business or organisation, then I'm your man. Oh yes.
So, me and Mrs C have decided to sell our BTL pad. I've never sold a property before (Mrs C has, but that was in the good old days when you bought a place for 87p, put it on the market ten years later and had people offering the asking price, a £3k bonus and their blonde, 19 year old niece just to have a look round), so thought it'd be fun to update you lot on selling a house in these weird old times. We had a chat about what we fancy doing in life, and moving abroad and doing something completely different in a foreign land seemed to be something we really fancy doing in the next 2 to 3 years. Selling our house would mean being mortgage free on our flat and having a nice lump sum left over. We had a discussion about what we thought house prices would do (which means precisely nothing of course, but you have to make your own decisions in life) and the rational 80% of our brains thought that there's maybe another 10% or so to come off house prices and then they would be pretty much stagnant for 4 or 5 years. There was a widely optimistic 10% of our heads that thought that maybe the recent surge in interest was real, we've hit a bottom and we're on our way up. And then 10% of our brain looks like a big, pink, dopester or amcluesent, and the future is people begging you to take their house in exchange for your survival guide, gas powered chainsaw and steel toe-capped boots.
We thought we'd go with the opinion of the sensible, 80% of our brains and decided to sell now, rather than in a few years time because, well, we just wanted to. I think it stems down to the fact that we always had in the back of our head that we may not enjoy our new lives oooop north, and we wanted to keep our lovely house in case we wanted to move back. We've pretty much accepted now that we will be staying up here, or moving abroad if we can, so no point keeping the other place.
So, if anyone cares (and do let me know, I don't want to bore people) I thought I might update this thread with how our house sale goes; in some narcissistic , pointless, anecdotal way. One case means nothing of course, but thought it might be interesting (well, my sad definition of interesting). I know this may be better suited to the Buying Houses Board (or whatever it's called) but I don't know anyone there, so they'll just think I'm some pointless loser. Which you lot might think too, but at least I know you're all pointless losers too, which somehow helps.
Anyway, If anyone does care I'll pop on later if I get chance and let you all know how my first meeting with the estate agent went.
(Is it wrong that I'm really looking forward to a sarcastic Mewbie reply?)
* for 'wife swap meet' read 'I'm lending her a book I thought she'd like'. Ah well.
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Comments
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Damn, our plan to dump you failed .... you logged on and found us!0
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let us know!
the house next door to me that got repoed a while ago has had one viewing since its been on sale and its not on for a exotic price and the estate agent is still driving a mazda sports car...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Sounds like this could be an interesting thread.
A real life, almost real time, real house sale for us to track the progress of.
With all the different views on here, it could be like a little experiment..............
Someone says try this or that..........you try it....and we get to study the effects.
Brilliant."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
Did Bluey change his mind?0
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lostinrates wrote: »Did Bluey change his mind?
I never know what people take as offensive
.
Thought I might have accidently guessed right with the kama sutra?
Was I right?Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
Personality type: Compassionate Male Armadillo. Sockies: None.0 -
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Oh its you. Marching back here with your mega thanks count and fancypants la-di-da Masters degree, rubbing your BTL empire in our faces, and meanwhile all the women swoon around as though Take That had appeared on the MSE forums.
I've worked damn hard since you've been gone to erase the memory of Cleaver the demi God. Tried a bit of the touchy feely stuff to try to take their minds off it. And now you're back. Damn it I even wrote a poem to finalise the arrangement, no one comes back after they've had a Mewbie poem.
Now I have to try that little bit harder with each post.
Good to see you, hope all is well, etc.0 -
Good luck with the sale :beer:In an Acapulco hotel:
The manager has personally passed all the water served here.:rotfl:0 -
lostinrates wrote: »No.
FWIW I was not offended, but I think many women would have been, so it was a good call to remove.
I am doing a Prince Phillip today. Told tomterm8 that having a girlfriend would eat away at his savings earlier.Favourite hobbies: Watersports. Relaxing in Coffee Shop. Investing in stocks.
Personality type: Compassionate Male Armadillo. Sockies: None.0
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