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Mortgage valuation has under valued
Comments
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Lets get this into perspective. £10k against the value of this house (now £260k) is 3.8%. We are hardly miles out in terms of valuations here.
Certainly not enough to cause alarm!0 -
Crashy_Time wrote: »On here when overpaying for houses 10-20k + seems to be "trivial", overpaying for anything else is considered not very Money Saving. Overpaying for property is likely to be the biggest mistake someone can make in this economic climate IMO, but if it is only 10k and you can handle losing money on the purchase go for it.
£10,000 here, £10,000 there. Who cares about £10,000, when it's only money?! With Money Saving Expert, overpaying by £10,000 is peanuts, and nothing to be discouraged. Most people here could probably save it up again in 6 months out of excess disposable income.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I tend to agree with Crashy and Bossypants on this one. If it is only £10K and you really want the house then go for itGather ye rosebuds while ye may0
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Diocletian_II wrote: »£10,000 here, £10,000 there. Who cares about £10,000, when it's only money?! With Money Saving Expert, overpaying by £10,000 is peanuts, and nothing to be discouraged. Most people here could probably save it up again in 6 months out of excess disposable income.
Exactly, putting your spare cash into property is a no brainer.0 -
Crashy_Time wrote: »Exactly, putting your spare cash into property is a no brainer.
It's only cash after all. Easy come, easy go. And it's inconceivable buyers will ever need it for anything else. So if a buyer has lots, and a seller wants it all (plus some more), best not to put up too much resistance.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Crashy_Time wrote: »Overpaying for property is likely to be the biggest mistake someone can make
It's not as big a mistake ending up in rented all your life because you always think house price crash is imminent."Real knowledge is to know the extent of one's ignorance" - Confucius0 -
It's not as big a mistake ending up in rented all your life before you always think house price crash is imminent.
The smart money disagrees with you. And by its nature, the smart money knows better than you:
https://www.telegraph.co.uk/business/2019/10/10/thanks-corbyn-brexit-britains-army-super-rich-renters-going/This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Diocletian_II wrote: »The smart money disagrees with you. And by its nature, the smart money knows better than you:
https://www.telegraph.co.uk/business/2019/10/10/thanks-corbyn-brexit-britains-army-super-rich-renters-going/
If I wanted to know about what the smart money thinks, I wouldn't find that from an opinion piece in a newspaper whose business model is giving away their product for free with a bottle of water in the UK's least favorite newsagent.
Or for that matter, A guy who constantly posts about falling house prices, but a few weeks ago a least, still held shares in the construction companies that build houses."Real knowledge is to know the extent of one's ignorance" - Confucius0 -
If I wanted to know about what the smart money thinks, I wouldn't find that from an opinion piece in a newspaper whose business model is giving away their product for free with a bottle of water in the UK's least favorite newsagent.
Or for that matter, A guy who constantly posts about falling house prices, but a few weeks ago a least, still held shares in the construction companies that build houses.
Better to do what the smart money is doing, and not what the dumb money advises.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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