We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tactics In a Fast Moving Housing Market
Options
Comments
-
lessonlearned wrote: »There is a danger with going into rental in a red hot market. If prices run away you could get left behind, especially if you have to commit to a 6 month lease.
Very true.
Given how critical the housing shortage is these days, coming off the ladder even for 6 months can be very risky.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
That precise thought had already crossed my mind. It's one of the reasons I had originally not entertained the thought. The other reason being that we have moved three times already in the last four years as we previously let our property out.
On a desperate note, how long do you think is reasonable for a vendor to be given to find a property once they have accepted an offer?
Thanks,
Mark0 -
Also worth considering that if you had an offer in 3 days, but now can't find anything yourself, you may well have 'sold' it too cheaply in the current rising market.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Hamish,
I did my homework in regards to price which was made easier by having another similar property on the market from the same development. The thought still crossed my mind though ..0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards