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What would you do in our situation?

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Comments

  • Sheep
    Sheep Posts: 219 Forumite
    As for location we are in Lincolnshire
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Sheep wrote: »
    My house actually cost 4k more because we get a garage. We bought for £147,000 and the other houses have just sold for £143,000. We also have a better view from our living room than the pther properties. The middle terraced house sold for the same amount as the end house (143)

    Houses are like cars. As soon as you move in to a new house and live in it there is a significant drop in value. So if you bought the house new for £147k it will now be worth the same as any other second hand house of the same size in the area. New houses cost more than ones that have already been lived in. To work out the value of your house you need to find the value of a not new house in the same area.
  • D.W.27
    D.W.27 Posts: 12 Forumite
    You spend more time IN your property than you spend driving backwards and forwards to it , so if you love the actual house and it sounds like youve had the pick of the bunch , unless I had to move for a reason , Id be sitting tight and enjoying my house and garden , and thinking that with the present pressure for new homes we keep hearing about , its only a matter of time before the estate is finished . All estates look pretty bleak when half done , but once it eventually gets cracking again and greenery in gardens grows up , things look more attractive , and selling may not be nearly as financially hurtful as it could be now.

    Agreed. Unless there's a reason to sell other than the property not being fully developed I would sit tight and enjoy the home.
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