Daydream thread continues.....

Davesnave

Itismehonest wrote: »

I think Alex' part of the world is likely to pick up long before ours.

It's frustrating (not to say depressing given associated health problems) but that's the way it is, unfortunately.

Well, your two areas were both virtually static for prices in the last year or so. It's my area that's falling!

Seriously, consider taking a hit. We did. It got us where we are today. :eek: :rotfl:


Just had my proof of delivery thing confirmed, so Closedreach had better open up for business after ignoring our letters and emails for the past 6 months. They now have everything, including Mr Dog's title plan and our title plan, so they have no excuses. Under their own rules, ( The Telecommunications Act) they have 28 days from notification to remove illegally sited equipment. I won't hold my breath though!

The sheep have been trying to get back into the lower field ever since I shut them in the top one. Why? Today, four of them jumped the fence, but they didn't look any happier when they'd achieved their objective. Grass was no more green.... I put them back in the top field and instructed them to tell the others.

lostinrates

I'd work out the maths seriously on the hit too. You sound very trapped a lot of the time itsme. Depending on what you do next and how the market goes upwards its likely if you downsize you won't end up with much more anyway, of more people look at smaller places. Weather patterns sure as hell aren't helping either .

I know your situation is just damn complicated with the lending problems but this could linger for a few years yet.


Did anyone have snow? It's been wet and grim. Cats killed a mouse on my blood red carpet. I can just imagine them thinking I would be pleased they had matched the insides of mouse with the manky farmers' carpet of choice for the love nest. Then they vomited next to it. Mmmmmm. The dark pink lilac is in full bloom now, The radical prunes I have given it starting to show benefit this year, dispute the blooms being attired off by the high winds up til now.

Hoping dh can dig a trench around them soon to prep for an autumn move. I hope they make the move. The instant height is so needed. ( I do plan to reduce a bit after flowering though.....any ideas as to what the minimum I could remove to make transplanting more likely? We'll have the digger in to move them, they are twelve, fourteen feet.....

Itismehonest

Davesnave wrote: »

Well, your two areas were both virtually static for prices in the last year or so. It's my area that's falling!

Seriously, consider taking a hit. We did. It got us where we are today. :eek: :rotfl:

It's not really a case of taking a hit, Dave.
There are properties where they've knocked £200K+ off that still haven't moved.
Yes, we could give it away at a silly price (bearing in mind it includes more than one property) but that would be very stupid when we still have to buy somewhere plus have money left to live on.

lostinrates

Itismehonest wrote: »

It's not really a case of taking a hit, Dave.
There are properties where they've knocked £200K+ off that still haven't moved.
Yes, we could give it away at a silly price (bearing in mind it includes more than one property) but that would be very stupid when we still have to buy somewhere plus have money left to live on.

I think there is strong potential thatbsmaller properties are going to go up in price faster than big'uns and certainly more than ones with complicated financing situations. The risk is you get more for yours but pay more proportionately for what you buy.

If you go the long game, how long can you go? Think of a few worst case scenarios with the maths and the lifestyle. It WILL come back, the question is when and how.

Itismehonest

lostinrates wrote: »

I think there is strong potential thatbsmaller properties are going to go up in price faster than big'uns and certainly more than ones with complicated financing situations. The risk is you get more for yours but pay more proportionately for what you buy.

If you go the long game, how long can you go? Think of a few worst case scenarios with the maths and the lifestyle. It WILL come back, the question is when and how.

It isn't a price thing, LIR. You really would have to know this area to understand what I'm trying to explain. Other than one or two 3 bed cottages, there are no smaller properties around here. It's all large places with varying amounts of land.

We will, undoubtedly, pay more proportionately for what we buy because we don't intend to stay in this part of the country. That's another reason not to give the place away just to get rid of it. DH is too old to get a mortgage even if he wanted one - which he doesn't. We fund ourselves or at least I fund us

We could go on until one or the other of us falls off our perch. DH, if still driving, could go longer than me.

I think the snow for the places due to get it was for later on, possibly overnight.

lostinrates

Itismehonest wrote: »

It isn't a price thing, LIR. You really would have to know this area to understand what I'm trying to explain. Other than one or two 3 bed cottages, there are no smaller properties around here. It's all large places with varying amounts of land.

We will, undoubtedly, pay more proportionately for what we buy because we don't intend to stay in this part of the country. That's another reason not to give the place away just to get rid of it. DH is too old to get a mortgage even if he wanted one - which he doesn't. We fund ourselves or at least I fund us

We could go on until one or the other of us falls off our perch. DH, if still driving, could go longer than me.

But do you expect a local buyer? Your buyers could be looking over a large geographical area for something with opportunities.


It's a tough call, no doubt, and only you can know the full picture. I do know from personal experience its easy to be wilfully blind . ATM the nope resident parent is trying to sell their house and its on at too much, It just is. They won't come down because it 'should be' worth that much. I can pretty much say that unless there is a dramatic market change its going to be on the market a long time. Mean while parent is missing the opportunities they could be having. My suggestion to whack a chunk off is indeed scary to them, I get why, but then they sit there miserable thinking about what they are NOT doing.

While you guys can be happy and fulfilled there, I see no rush.

Davesnave

lostinrates wrote: »

It WILL come back, the question is when and how.

The $64 000 question that one!:think:

We took a hit of approximately £60k. :eek:

Roll on to today and our old place would be almost 2007 price again .......but my body's 5 years older!

(Edited out the rest.....:o I am no financial advisor!)

Itismehonest

lostinrates wrote: »

But do you expect a local buyer? Your buyers could be looking over a large geographical area for something with opportunities.


It's a tough call, no doubt, and only you can know the full picture. I do know from personal experience its easy to be wilfully blind . ATM the nope resident parent is trying to sell their house and its on at too much, It just is. They won't come down because it 'should be' worth that much. I can pretty much say that unless there is a dramatic market change its going to be on the market a long time. Mean while parent is missing the opportunities they could be having. My suggestion to whack a chunk off is indeed scary to them, I get why, but then they sit there miserable thinking about what they are NOT doing.

While you guys can be happy and fulfilled there, I see no rush.

No, this is not a local buyer area.
It's normally businessmen/women who have sold companies upcountry & are looking for a change of lifestyle or people who value privacy, wildlife & beautiful scenery.

I could spend money wrecking the remaining functioning cottage & so get rid of the mixed use issue (allowing someone to get an ordinary mortgage on the main house, if necessary) but that just seems rather stupid. Particularly as the other single properties (not mixed use) in the area aren't selling, either.

We aren't happy & fulfilled or we wouldn't be wanting to move but, while I may be a nutter, I'm not insane enough to walk away from here in a way that would mean spending the rest of my days living a lower standard of life just to offload the place. Not until that became absolutely necessary, anyway.
It really isn't worth putting it up for sale until things start to move in the area.

Itismehonest

Davesnave wrote: »

The $64 000 question that one!:think:

We took a hit of approximately £60k. :eek:

Roll on to today and our old place would be almost 2007 price again .......but my body's 5 years older!

(Edited out the rest.....:o I am no financial advisor!)

That would be what could be considered a fairly normal negotiated amount on sale around here when times were normal, Dave. There's nothing much that's not in the 4% or higher SDLT bands around here. To even reduce to a lower band means one has to knock maybe half the price off. So, if your place was valued at, say, £800K would you be willing to sell for under £500K even though homes valued at that price weren't selling? That's the problem.

lostinrates

Itismehonest wrote: »

That would be what could be considered a fairly normal negotiated amount on sale around here when times were normal, Dave. There's nothing much that's not in the 4% or higher SDLT bands around here. To even reduce to a lower band means one has to knock maybe half the price off. So, if your place was valued at, say, £800K would you be willing to sell for under £500K even though homes valued at that price weren't selling? That's the problem.

Are the homes at 500k commensurate with yours? Are the homes at six, or seven hundred?


Valuations really are finger in the air. And the wind changes.