OK guys, a bit of help here please

lostinrates

michaels wrote: »

Well we don't have Sky and all sit down to a family meal without the TV on if that's what you mean...

yeah, that, and that you'll consider their education in house choice

I know I've said it before but they are so very beautiful.

michaels

I hope so as given the likely cost of Uni education in 13 years time I have decided they will have to make their fortune via reality TV or modelling rather than anything too academic...

lostinrates wrote: »

yeah, that, and that you'll consider their education in house choice

I know I've said it before but they are so very beautiful.

Davesnave

It's a difficult one, choosing where to live in advance of knowing the rules pertaining at the time when you'll be subject to them.

Then, like my DD1, you may be bowled a googly if one of yours starts having their own ideas....

I think it's good if the child chooses, but usually it's their friends who choose, or the parents, choosing with an eye on what the parents of the friends have chosen! I've seen many round pegs go into square holes in those ways.

Yes, choice is great, if it is a genuine choice and the wishes, aptitude and needs of the child are properly considered. I wonder how many are really free to make that kind of choice though.

fc123

Davesnave wrote: »

It's a difficult one, choosing where to live in advance of knowing the rules pertaining at the time when you'll be subject to them.

Then, like my DD1, you may be bowled a googly if one of yours starts having their own ideas....

I think it's good if the child chooses, but usually it's their friends who choose, or the parents, choosing with an eye on what the parents of the friends have chosen! I've seen many round pegs go into square holes in those ways.

Yes, choice is great, if it is a genuine choice and the wishes, aptitude and needs of the child are properly considered. I wonder how many are really free to make that kind of choice though.

Ones choices are limited to what is available/happening at the time I guess.


Having read Micheals responses, seems the location is good for work commute (again a factor in prices) and is where his family is connected (partner, kids mates etc) and, in the end, we just live where...well....we just live and have to deal with things like house prices/school catchments as they are at the time.

I really cannot recall my parents ever having all this angst about us though and I grew up near to where we own our house. OK, we all went to Grammars as they existed in our area until Thatcher abolished them all, but I don't even recall sitting the 11 + or it being some big deal for them.

OH's parents didn't rate education at all...all had to leave asap to go to work to bring £££ into the household. He was more keen than I about education choices for ours.

Davesnave

We don't seem to be helping you much in deciding what a sensible offer would be for the house. I have no idea, but in the interests of putting it into context, I offer this property:

http://www.rightmove.co.uk/property-for-sale/property-27268736.html?sortByPriceDescending=true&minPrice=270000&maxPrice=375000&maxDaysSinceAdded=7&savedSearchId=667368&minBedrooms=2&radius=10.0&newHome=false&partBuyPartRent=false&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E281%26sortByPriceDescending%3Dtrue%26minPrice%3D270000%26maxPrice%3D375000%26maxDaysSinceAdded%3D7%26savedSearchId%3D667368%26minBedrooms%3D2%26radius%3D10.0%26newHome%3Dfalse%26partBuyPartRent%3Dfalse

Apart from being in a reasonably nice place, not far from Cardiff or the sea, (well, muddy sea!) I can't for the life of me understand why anyone would pay 1/3 million for this.....and then demolish it!

fc123

Davesnave wrote: »

We don't seem to be helping you much in deciding what a sensible offer would be for the house. I have no idea, but in the interests of putting it into context, I offer this property:

http://www.rightmove.co.uk/property-for-sale/property-27268736.html?sortByPriceDescending=true&minPrice=270000&maxPrice=375000&maxDaysSinceAdded=7&savedSearchId=667368&minBedrooms=2&radius=10.0&newHome=false&partBuyPartRent=false&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E281%26sortByPriceDescending%3Dtrue%26minPrice%3D270000%26maxPrice%3D375000%26maxDaysSinceAdded%3D7%26savedSearchId%3D667368%26minBedrooms%3D2%26radius%3D10.0%26newHome%3Dfalse%26partBuyPartRent%3Dfalse

Apart from being in a reasonably nice place, not far from Cardiff or the sea, (well, muddy sea!) I can't for the life of me understand why anyone would pay 1/3 million for this.....and then demolish it!

Sensible offer? Go in @ 10% off but you have to sell yours first to do the deal? May be an idea to do what Davesanve did, sell, bank, rent for 6 months and then hunt as a buyer with no chain.........could get a better deal that way?
Rentings not so bad..I have got used to it..in fact our rental feels more like home to me than our house at the mo...home is where the heart is and all that......gets you to be disciplined with ones stuff too...a good edit of posessions feels nice.

Davesnave

Agree FC, but no edit of possessions, hence the barn!

Renting would 'only' cost you around £10k for the year, and as a cash buyer many things become possible, which can wipe that loss out in an instant, and more.

However, like the school thing, no guarantees. Worked for me though.:D

michaels

I would love to have the time to de-clutter - I suspect I current place would feel much bigger with a real dose of de-cluttering...

Renting just seem so expensive, 1500 pcm compared to a mortgage currently costing 350 makes it seem like a costly bet on house prices falling. I am also lucky enough to have access to bridging funds if needed so can already bid as a cash buyer.

I don't think 10% off would be considered in St A at the moment, certainly nothing in the catchment area has gone for that sort of money of late.

Anyway I have decided not to take the 8% off offer and instead get the decorating done - in the end even if we don't end up selling we will appreciate it and our current timetable is that we have 5 years to make the move and who knows where the economy (or the catchment rules) will be even in 12 months let alone 60.

LizzieS_2

Look at this the other way - a good rising market. How much would you then expect to get for yours and how much would you realistically have to pay to buy what you want? Whats the difference in mortgage then?

I would hazard a guess that it is the same as the current situation where your buyer wants to pay less than the asking price and you want to pay less then the asking price on your chosen property.

In the long-term property does increase in price, as all previous recessions have proven. What is important to you is the affordability if things go wrong with your income whenever there is no guarantee of reselling at the price purchased.

Your purchaser wants to pay 8% less - aim at getting your next house also for 8% less (try your luck at 10% or even 20% discount first.

The higher the purchase price, the less people will be in a position to make offers, so if you are going upmarket, there is more chances of higher % discounts for you than there is for your potential purchasers.

LizzieS_2

michaels wrote: »

Anyway I have decided not to take the 8% off offer and instead get the decorating done - in the end even if we don't end up selling we will appreciate it and our current timetable is that we have 5 years to make the move and who knows where the economy (or the catchment rules) will be even in 12 months let alone 60.

There is the option of saying you will accept the offer subject to no better offers within the next X months.