Do you buy when you disagree?

Prothet_of_Doom

Try a requirements meeting.

Split them into a number of groups : Must have from day 1, must have potential to get later (a shed perhaps - so must have space for a shed).
Nice to have but not essential ever

Include all the hard and soft things as requirements, including impressability, (will your mother be impressed) and resaleability (will anyone else want to buy it), room for growth, etc.

Then work out which requirement for you it's actually missing.

My big requirement was "must not increase our monthly payments or time to pay off and must be empty or the people desperate to move due to work" I regret not paying 15% more for a house down the road which had a bigger garden, no shared driveway, because mainly the seller hadn't decided where they were moving"

MarcusAurelius

Scrootum wrote: »

Have you seen the London marker recently?
Average property went up by £5000 per month last year.

Certainly that. The prices were some 4-5% lower just 6 months ago.

Do you disagree and why?

MarcusAurelius

Walcott wrote: »

Buy a house that you like and meets your needs.


No point in living somewhere you don't like.

Agree, but the time works against us. The prices are creeping up each month.

If this is a bubble then what happens when it bursts?

MarcusAurelius

Scrootum wrote: »

Have you seen the London marker recently?
Average property went up by £5000 per month last year.

All boats rise with a tide.

Better to be onboard, no?

MarcusAurelius

ACG wrote: »

I think it really depends. Is this a house for a few years or a final house?

I bought my/our house without really asking my mrs. I seen it on rightmove called and put an offer in whilst we were negotiating i took her to see it. It was such a good price i knew i could sell it and make a good profit from it 3-4 years down the line. The house itself is fine, it has everything we need at this stage but its not a perfect house - it was a good investment.

The reason i asked the question above was if its a 5 year fix then do you really need to be 100-110%? The next house i buy will be one we live in for the next 20-30 years, its important we are both happy with the location and layout of that property - anything else can be changed without too much hassle.

It is going to be a 5-7 years max.

However can't brag about the price as we are paying above the market.

We only win if the market is bullish.

paddyrg

110% does seem a little excessive, and there is a huge value in having a happy Mrs (frankly you can't overvalue a peaceful life). If she LOVES it can you find the bits she loves and also love them because she does? And find out what your objections are. Without a good objection, then turn 'why' into 'why not'.

You could also do a simple version of Daffy's slightly OCD spreadsheet - List every feature that you'd judge a place on (location, neighbours, quality of fit, whatever is important), then assign each of those an 'importance' of low, medium, high. Forget 'high, but not as high as xyz', just low/medium/high. Turn the lows into '1', medium '2', high as '3'.

Now for each property assign a low/medium/high for how well it fulfills each feature (a property might have low for location but good neighbours or vice versa for instance), and do the same to turn them into numbers 1,2,3.

Now multiply out the importance by the actual for each property, so maybe you think neighbours of medium importance (2) and at property A they were awful (1) but property B they were great (3) - A scores 2x1 = 2 points, B scores 2x3 = 6 points for 'neighbours'. Carry on down the list.

Each property now has a list of scores out of 9 (and some of those scores might surprise you), and you can total them up. If you had say 11 features you used to judge a property, you have a score out of 99 for each one. That should clarify the overall position on each.

And whilst you're doing that methodical process, if there's one property you keep thinking 'oooohhh I hope Property D wins', just buy property D ;-)

lincroft1710

weeg wrote: »

I cannot afford the kind of flat/ house I love in anything approaching an area that I want to live in.

I would think 95% of homebuyers are in the same situation.

Thrugelmir

MarcusAurelius wrote: »

My missus likes it while I'm lukewarm.

Keep viewing property. The more you view will enable you to benchmark against. Always a danger to jump in in case a property is sold. A home is what you make it. Which is different to it's physical external appearance.

gazfocus

When we bought our house, my wife loved it and I didn't. We ended up spending about £20k on various building works to make it the way I wanted it and now we're thinking of selling to move into something we both like...so it doesn't pay to buy something you're not happy with.

ruggedtoast

MarcusAurelius wrote: »

Hi,



My missus likes it while I'm lukewarm.

Looks like you're buying it then.