Buyer's remorse

Out,_Vile_Jelly

I felt terrible misgivings at two points:

- pressing "send" for the electronic transfer of my deposit to the solicitor. An alarming amount of money reduced to a slight depression of a plastic key.

- walking through the door after completion and realising just how much work there was to do (probate sale so shabby old lady decor). My dad thought it was brilliant though, and wandered round chuckling to himself at all the "fun" DIY jobs he could amuse himself with..

I think it's key to remind yourself that unless you are a zillionnaire who can buy swathes of land and design your own house, every place is going to involve some element of compromise. Very few people live in a "perfect" house.

csgohan4

I regret it all the time because I am paying. Now if it was mortgage free then no regrets.

Marvel1

Go with your gut, wish I did and never bothered with my house.

Tiners

Understandable in the current insane market bubble, people having to commit unprecedented proportions of income for unprecedented lengths of time.... you'd have to be abnormal or monumentally stupid to not have concerns and reservations about such a huge commitment.

cashbackproblems

I had doubts during the offer stage but now as I get closer to completion certainly have no doubts!


Agreed I cant help feeling prices will fall over the coming years but im in a popular London commuter town

economic

Tiners wrote: »

Understandable in the current insane market bubble, people having to commit unprecedented proportions of income for unprecedented lengths of time.... you'd have to be abnormal or monumentally stupid to not have concerns and reservations about such a huge commitment.

You'd be stupid to rent if you have the means to buy

9ja4life

I can't really place my finger on it but the more I think of it, it's the cost. It'll be our biggest purchase to date. We can afford it easily on one salary as we have a 39% deposit but I keep thinking we should look for something about £100k cheaper! Location is good. Edge of a very small village so rural with a pub and village school and about 10 minutes drive from a large town with shops, banks etc.
Also, we have no family or friends here but it's where we're working for now...
We are in rented cos we wanted to suss out the place before buying but also owned and have sold our Somerset property to finance this.
Last time we bought a property, we were childfree and carefree first time buyers and I liked the property instantly. Couldn't wait to move in!


Thanks everyone. Mulling over your answers. Gives me food for thought

9ja4life

Worrierwalker wrote: »

Actually being in the position of buying with all the hassle that goes with it can make you feel that way, but if you really love the house it will disappear when you get the keys and move in. If you don't love the house then rethink by all means, but take a step back and decide if it's the stress of buying or the house itself making you feel this way.

You make a valid point. I'm so beyond stressed with the whole purchase. Our landlord issued us a section 21 which has run out but as we're in the middle of the buying process, he's letting us remain till we complete. We wouldn't have bought now if not because of the S21 so there's this sense of pressure and rush...

9ja4life

Crashy_Time wrote: »

You might have to if negative equity strikes?

No chance of that. We have a more than healthy deposit. Plus we'll live there for the next 12-15 years anyway

Crashy_Time

Tiners wrote: »

Understandable in the current insane market bubble, people having to commit unprecedented proportions of income for unprecedented lengths of time.... you'd have to be abnormal or monumentally stupid to not have concerns and reservations about such a huge commitment.

Hopefully more and more people are starting to get this.