Debate House Prices


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Instant House Buyers

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  • westernpromise
    westernpromise Posts: 4,833 Forumite
    lisyloo wrote: »
    I’m surprised though the agent hasn’t picked up on the upside of a downstairs bathroom which may appeal to someone who has difficulty with stairs.
    Presumably someone who has difficulty with stairs would be in the market for a bungalow.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Presumably someone who has difficulty with stairs would be in the market for a bungalow.

    Maybe, but they may want more room for other family members.
    Bungalows are difficult to find and expensive (due to supply vs demand).
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 6 August 2019 at 7:17PM
    Odysseus wrote: »
    Sadly dropping that much would mean we could not afford to buy anywhere else. :eek:

    Focus on paying off the mortgage. Lower your expectations, or find a cheaper area in which to live. There are some very reasonable areas still. Where money buys a lot more.
  • Odysseus
    Odysseus Posts: 27 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thrugelmir wrote: »
    Focus on paying off the mortgage. Lower your expectations, or find a cheaper area in which to live. There are some very reasonable areas still. Where money buys a lot more.

    It will take us another 8 years to pay off the mortgage because we cannot pay any extra as thanks to an EU court decision my other half has been without a pay rise for 11 years but prices, council tax etc have not stopped rising! The area where we are planning to move to is much cheaper than where we are now, but as the plan is to get my other half retired, we have to be able to buy outright.


    We firstly went with an agent who did overestimate the house value. We thought he might have done but a nearby house was up for a similar price with someone else so we went with it and not a single viewing. At least now we are getting viewings.
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Odysseus wrote: »
    It will take us another 8 years to pay off the mortgage because we cannot pay any extra as thanks to an EU court decision my other half has been without a pay rise for 11 years but prices, council tax etc have not stopped rising! The area where we are planning to move to is much cheaper than where we are now, but as the plan is to get my other half retired, we have to be able to buy outright.


    We firstly went with an agent who did overestimate the house value. We thought he might have done but a nearby house was up for a similar price with someone else so we went with it and not a single viewing. At least now we are getting viewings.

    8 years isn't a long time in the grand scheme of things.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Odysseus wrote: »
    We firstly went with an agent who did overestimate the house value. We thought he might have done but a nearby house was up for a similar price with someone else so we went with it and not a single viewing. At least now we are getting viewings.

    You would have been dissatisfied if you end up selling the property too cheaply. Starting higher and lowering the price as time passes is perfectly reasonable. Our neighbours house recently sold in under 48 hours. The two opposite quickly both went on the market. 4 months later. One has just sold after having reduced the price considerably. The other has been withdrawn from the market. Sometimes it's just down to timing.
  • Odysseus
    Odysseus Posts: 27 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    8 years isn't a long time in the grand scheme of things.

    Am guessing you are young! Trust me 8 years is a very very long time at our age! :rotfl:
  • Odysseus
    Odysseus Posts: 27 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thrugelmir wrote: »
    You would have been dissatisfied if you end up selling the property too cheaply. Starting higher and lowering the price as time passes is perfectly reasonable. Our neighbours house recently sold in under 48 hours. The two opposite quickly both went on the market. 4 months later. One has just sold after having reduced the price considerably. The other has been withdrawn from the market. Sometimes it's just down to timing.

    Indeed I think timing is our biggest problem. Everyone is being super cautious. Well we have a another viewing tomorrow so fingers crossed! :grin:
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    10 Posts
    edited 21 February 2020 at 7:41PM
    -
  • Odysseus
    Odysseus Posts: 27 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Fingers crossed - we have someone who wants to buy who has offered something we can accept - they have to sell their house yet though so could go belly up yet!:shocked::)
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