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Heart vs Head!
pinklady21
Posts: 870 Forumite
Hello all lovely MSE'ers - appealing to the Hive Mind here.
My head is telling me to Run, while my heart says Go for it.
A few months ago we were in negotiations to buy a house - offer accepted, got almost the full way there, at quite a bit of expense for us, the sellers were very awkward throughout, and eventually told us they had got a better offer and would not be dealing with us again.
That better offer turned out to be from someone who apparently could not get a mortgage, so the house came back on the market. We offered again at same level as previously.... and were rejected.
Now several months later, the house is back on the market again, and the EA has been in touch to ask if we are still interested.
Happy days, you might think - except that in the meantime, we have found another house, with a far more amenable owner, and have had an offer accepted on that one.
Literally on the same day as the phone call from the other EA came in. You could not make this up.
The houses are fairly similar, the one we lost out on twice before has a bit more land, some woodland and is close to the beach. It is better situated but needs a lot of costly repair and refurb works.
The other house (with the apparently more pleasant owner) also needs some work and is in a less convenient location.
Price fairly similar, once repair costs taken into account. Had we not been on course now with the second house, we probably would be eager to pursue no 1.
Heart says I still want the first house..... head says don't be silly, it's a moneypit and the awkward sellers have already let you down twice, are you about to give them a third opportunity???
If we proceed with the second house, we will end up passing by close to the first one fairly frequently, and I am wondering if I am always going to regret not buying it when I had the chance......
Anyone else been here? Thoughts?
My head is telling me to Run, while my heart says Go for it.
A few months ago we were in negotiations to buy a house - offer accepted, got almost the full way there, at quite a bit of expense for us, the sellers were very awkward throughout, and eventually told us they had got a better offer and would not be dealing with us again.
That better offer turned out to be from someone who apparently could not get a mortgage, so the house came back on the market. We offered again at same level as previously.... and were rejected.
Now several months later, the house is back on the market again, and the EA has been in touch to ask if we are still interested.
Happy days, you might think - except that in the meantime, we have found another house, with a far more amenable owner, and have had an offer accepted on that one.
Literally on the same day as the phone call from the other EA came in. You could not make this up.
The houses are fairly similar, the one we lost out on twice before has a bit more land, some woodland and is close to the beach. It is better situated but needs a lot of costly repair and refurb works.
The other house (with the apparently more pleasant owner) also needs some work and is in a less convenient location.
Price fairly similar, once repair costs taken into account. Had we not been on course now with the second house, we probably would be eager to pursue no 1.
Heart says I still want the first house..... head says don't be silly, it's a moneypit and the awkward sellers have already let you down twice, are you about to give them a third opportunity???
If we proceed with the second house, we will end up passing by close to the first one fairly frequently, and I am wondering if I am always going to regret not buying it when I had the chance......
Anyone else been here? Thoughts?
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Comments
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Yeah. You know what to do.0
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Listen to your head. These people may sell to you but history says they have messed you around before.0
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I think you know what you want to do,you just want others to agree with your preference.
My view once an awkward vendor,always an awkward vendor,they don't eat humble pie and they wont mellow during a further sale to you,infact they are likely to become more awkward as they probably view it thy are doing you a favour!
Go with the head and create the home you need,the heart will follow.
Although your offer could be on the condition that they cover your legal costs if the heart still wants to get involved!in S 38 T 2 F 50
out S 36 T 9 F 24 FF 4
2017-32 2018 -33 2019 -21 2020 -5 2021 -4 20220 -
A bit of aggro in the short-term, vs the long-term pining for what could have been?
Swallow your pride, and chase your dream.0 -
Offer £10k less on the first one?ScorpiondeRooftrouser wrote: »Yeah. You know what to do.
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I would make a lower offer on the first house and go from there.0
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kingstreet wrote: »Offer £10k less on the first one?
Exactly what I would do.0 -
kingstreet wrote: »Offer £10k less on the first one?
Thats what I would do, £10k less at the very least! Then if rejected go for the second house
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If you go back with your original offer on the first house, they are likely to take it that you want it so badly that you will continue to put up with their messing around. It leaves you open to further shenanigans.
Are you able to ascertain why it's back on the market and what's changed from previously to make them any more committed? Because if they rejected you for a higher offer once, there's a fair chance they'd do the same again.
To turn it around slightly, if you go back to house 1 and they mess you around again, how disappointed will you be if you lose house 2 in the meantime? How many other houses are there and how long might you need to wait for house 3 in the worst case scenario?
If you've only just put the offer in on house two, could you continue to explore house 1 as well in the meantime, just in the short term?All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
Is it worth asking a builder to come and look at both houses? I appreciate he will not have access to House 1 but it is sometimes illuminating what a good one can tell just from looking at the outside. Of course, if you have the kind of knowledge that makes this unnecessary, this is of no use to you.
Good luck, anyway. Sleep on it, perhaps. Sometimes brilliant ideas come to you at the most unlikely times... Best of luck.0
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