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House buying dilema . . . . HELP !
Comments
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Doozergirl wrote: »The price you are paying makes that house the most expensive ever sold in the street. :eek:
Knowing the area, that last point wouldn't be a great concern for me. The road will have smaller houses and old family homes that haven't be touched in generations.What concerns me is that even with a very low LTV your surveyor has come in low. That's a massive alarm as surveyors will be more generous when they are comfortable that their valuation is never going to come back and bite them on the bum. And your surveyor wasn't comfortable.
I agree with this. I would have expected the valuation to be your price, with a softening comment, rather than a stated lower price. Does your surveyor know the area? If not, they can be clueless and bum covering.And you offered the full asking price?
Good point. You always worry that there won't be another suitable house if this one escapes, particularly in your price range. I think, at this value, the seller would have priced to expect a reduction. 5% is not unreasonable a drop.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
I know the area
In that case you'll know that Hempstead Road is one of the busiest roads in Watford; regularly grid-locked at peak times. And being the main link road between the M25 and Watford town centre has emergency vehicles with lights and sirens shooting down it at all times of the day and night - I've never understood how it became such an expensive area.poppysarah wrote: »In my book detached is when you can't touch both houses!
That was my first thought too... Not far off a million quid and your neighbours can reach out their windows to clean yours for you!
Back to the OP's question, is this a house for life or just a few years? If the former then you're obviously smitten so pay whatever you need to secure it - value for money is irrelevant really. However if for 5 years or less then you're likely to take quite a hit when you come to sell so really ought to be offering no more than the mortgage valuation.Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
neverdespairgirl wrote: »"If you like naff mock-tudor with tudor-style integral garage"
there - put that right for you!
For some reason nearly the whole of the South-East has a mock-tudor feel to it. I've no idea why they build them, to look like that outside especially when most of them are super-modern inside.
If you go onto RM and search within OP's price range there seems to be a new-build with super-straight ceilings, wall to wall patio doors and..... beams :eek:
M_o_30 -
I personally think even £925K is on the steep side and I've known for a long time that Herts property prices are some of the most expensive in the country. This is the MONEY SAVING website so at least try to negotiate the price down from £975K.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
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Doozergirl wrote: »What concerns me is that even with a very low LTV your surveyor has come in low. That's a massive alarm as surveyors will be more generous when they are comfortable that their valuation is never going to come back and bite them on the bum. And your surveyor wasn't comfortable.
This can work the other way too. If the Surveyor is confident his slightly lower (in this case c.5%) valuation will not result in the purchase falling though, it makes it easier to downvalue and cover himself.0 -
The Isle of Wight and Lizard Point are also outside of Zone 6 - are they in the North too?!
Nah, but they are in the provinces (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
For some reason nearly the whole of the South-East has a mock-tudor feel to it. I've no idea why they build them, to look like that outside especially when most of them are super-modern inside.
One of JOhn Prescott's dodgy expense claims was to put mock-Tudor beams on his house............much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
:rotfl::rotfl::rotfl:neverdespairgirl wrote: »"If you like naff mock-tudor with tudor-style integral garage"
there - put that right for you!
Probably fitted out inside with original Victorian brass ethernet sockets.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Ask the penguins. I don't think they go willingly to zones 1-6. As they say, it's grim up north.The Isle of Wight and Lizard Point are also outside of Zone 6 - are they in the North too?!Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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