Having doubts after offer accepted

Crashy_Time

isplumm wrote: »

Hi

We bought our 1st house back in 1997 - 3 bed semis were selling so quick that they came on the market and were sold the same day.

So because we were working during the week, we missed out on numerous properties as we couldn't get to see them.

The house we eventually bought went on the market at midday Tuesday, we saw it at 6pm, made an offer at 9:00 Wednesday and was ours by midday Wednesday - bloody fast!

Never realised garden was an odd shape, because it was pitch dark & pouring with rain, so only looked out of window! :rotfl:

Mark

The good old days eh? I bet many present day sellers wish they had a time machine back to 1997, of course they wouldn`t be able to get double bubble prices, but you can`t have everything I suppose. Just imagine the boost to the general economy if houses sold like that again......

danlightbulb

Crashy Time, I fully agree with your sentiment around the housing market. Problem is, what choice do I have? Financially speaking, if I don't buy soon I may forever be priced out by virtue of rising prices and a shortening mortgage term due to my age. Of course I wish prices were more reasonable but its a pipe dream to think anything is going to materially change. I wish I didn't have to feed the housing machine with my hard earned money but like most of us I have no choice or I most likely end up in a council flat at retirement when my pension doesn't cover my rent.

Do I think this house is overpriced? Yes of course I do. I think all houses are overpriced. This house doesn't appear overpriced relative to what is for sale or has been sold in the area.

It is precisely because I have an aversion to houses that are not value for money though, that I find myself in this predicament. Compared to what else is for sale right now, and what else I have seen for sale in the past year, this house does have many positives. At the same time, it does not fit my stereotype of what sort of house I originally wanted, and it has some negatives.

So I am conflicted.

Everyone is saying this is a good house. I also believe it is a good house. The issue is whether I should accept its downsides. Is that a reasonable compromise to make, or not. Like I said in previous thread, all I NEED is a roof and food. I could live in a cave in a forest with a fire and survive. Anything above this is wants. It is for this reason I can't decide whether or not to hold out for what I want, or not.

Perhaps if I was buying with a partner, or my children lived with me, then I would have more focus and direction to make a decision.

oldernonethewiser

Walk away from this house.



Keep looking and let the current owners enjoy a sale to someone who actually wants to buy it.

D.L

It's pretty clear that the problems are not with the property but with your nervousness. I think it's more important to solve that problem rather than look for the 'perfect' property. No doubt you would have this problem with any property you try to purchase.

NewShadow

danlightbulb wrote: »

So I am conflicted.

How about you proceed with the sale and flip a coin come exchange?

We're all assuming this sale will go fine - it could be a survey pulls up a serious issue, or maybe in two weeks the perfect house will come on the market the day before you're due to exchange - there's many a slip between dress and drawers...

Skiddaw1

Thing is, Dan, we can't keep saying the same things. In the end, only you can decide whether you want the bungalow or not and you really do have to come to some sort of decision.



I'm with New Shadow and some of the others- if you're really not sure about this then withdraw sooner rather than later because it just isn't fair on the sellers.



I'm sure you know this and I'm not trying to have a pop at you but we're all going around in circles here.

danlightbulb

Skiddaw1 wrote: »

I'm sure you know this and I'm not trying to have a pop at you but we're all going around in circles here.

That's whats happening in my head too. One moment I am excited for the house and thinking of ideas. Another moment I am feeling fear about it and whether it is the right choice.

jimbog

In these sorts of circumstances I always take being '70% sure' is the minimum. But I think you are less than this

NewShadow

danlightbulb wrote: »

That's whats happening in my head too. One moment I am excited for the house and thinking of ideas. Another moment I am feeling fear about it and whether it is the right choice.

I get where you're coming from - I had an offer accepted on a house last week and I'm bricking it...

Change is scary but not all change is bad :A

Rosieandjim

Why don't you extend your search area and see what else is out there and then try to see if you would be willing to live further out if the house is one that you would be happy with.