Having doubts after offer accepted

danlightbulb

D.L said:

danlightbulb said:

A normal 3 bed semi has a living room, dining room (some people have knocked through into one), kitchen, utility, garage to the side, driveway to the front/side, 2 doubles and one single bedroom upstairs and a bathroom.

That's all normal is. A normal house that looks like a house. There are millions of these. Standard/common/normal, any of those will do. A standard sized, standard layout, 2.4 children family house.

A 6 bed house in the country might be your normal, or something else, but it is not normal/common/standard in terms of what the vast majority of the housing in this country is. A bungalow might be normal to a small percentage of people but the same applies.

When I find a normal house I then evaluate the area, garden, aspect, quality. 

Could you give us a link to an example of this normal property? Maybe the one you just viewed at the weekend that's going quick.

Sure its this one:
https://www.rightmove.co.uk/property-for-sale/property-68881068.html
I actually quite like it. Problem is i don't like being forced to not have any thinking time nor do I like being part of a stampede. I asked for a second viewing and was refused, was told they were booked with first viewing all week (30+ viewings arranged in the span of about 5 days) and they already had 2 offers over asking on the table and would be making the decision by Wednesday. Estate agent said "likely to go best and final".

It doesn't have a garage, and garden is small, but internally its got good space and is already relatively modernised. I would probably put a side external door into that back study area and use that as a semi internal storage area.

I think £165k is already above the very recent sold prices in that road so I don't see why they should have offers over asking on it. The 'loft room' has no regs approvals.

It is in an ex council area but as far as I know they are all private now. Not too far away from this area is a pretty poor area that is still majority council and quite run down.

diggingdude

danlightbulb said:

I think £165k is already above the very recent sold prices in that road so I don't see why they should have offers over asking on it. The 'loft room' has no regs approvals.

It is in an ex council area but as far as I know they are all private now. Not too far away from this area is a pretty poor area that is still majority council and quite run down.

If they have a line of people wanting to see the house it isn't overpriced and the seller/EA can call the shots.  You either make a quick decision or miss out. If this is the type of area you are in then unless you can cope with doing that it may be better to not look to buy right now

Slithery

danlightbulb said:

I don't understand how to get through this problem. Its not about my lack of decision making ability

Yes, it really is. Otherwise you wouldn't have strung along your potential vendors for a month before pulling out.

danlightbulb

Slithery said:

danlightbulb said:

I don't understand how to get through this problem. Its not about my lack of decision making ability

Yes, it really is. Otherwise you wouldn't have strung along your potential vendors for a month before pulling out.

If there were a range of choice in the market from do-er-ups to fully finished houses available at any one time I wouldn't have felt pressured into chasing something that in hindsight was too much of a stretch. That's not the vendors fault nor mine but nevertheless that pressure exists. Call it FOMO or whatever but its real. I have pulled out of this house now and it could be that nothing better comes along, or something does come along and I keep getting outbid by people willing to pay too much.

I'll ask this again but what are my options?
* buy something I don't like
* buy something that stretches me too far financially so I can't cope with it
* wait and get priced out even more than i currently am

Which of those fantastic choices would you pick?

Slithery

Stay in rented. You obviously are never going to find anything that ticks all of your boxes.

danlightbulb

Slithery said:

Stay in rented. You obviously are never going to find anything that ticks all of your boxes.

I can't stay in rented either because when I retire I won't be able to afford rent on a pension income.
I know this problem isn't unique to me, lots of people are priced out worse than I am. 

MovingForwards

danlightbulb said:

Slithery said:

danlightbulb said:

I don't understand how to get through this problem. Its not about my lack of decision making ability

Yes, it really is. Otherwise you wouldn't have strung along your potential vendors for a month before pulling out.

If there were a range of choice in the market from do-er-ups to fully finished houses available at any one time I wouldn't have felt pressured into chasing something that in hindsight was too much of a stretch. That's not the vendors fault nor mine but nevertheless that pressure exists. Call it FOMO or whatever but its real. I have pulled out of this house now and it could be that nothing better comes along, or something does come along and I keep getting outbid by people willing to pay too much.

I'll ask this again but what are my options?
* buy something I don't like
* buy something that stretches me too far financially so I can't cope with it
* wait and get priced out even more than i currently am

Which of those fantastic choices would you pick?

If the pickings are slim then you compromise on what your needs are, extend your areas or keep saving.

DCFC79

I run the risk of repeating something thats been said but have you spoken to the estate agents you have spoken to and informed them of what your looking for from a property eg a garage, number of bedrooms ?

NewShadow

Hold on - are you serious about that search area? 

Because when I put within a mile of DY4, three bed, >£170k into rightmove I get more than 100 properties... 

If that is right/not a typo... Are you seriously saying the problem isn't YOU and YOUR criteria when there's more than 100 possible houses to choose from? I mean - 100 houses and none of them are 'normal'.

If that's the case - if you don't want to keep renting - then I completely agree that you need to lower your standards. 

As for your question, I'm quite taken with this one myself: https://www.rightmove.co.uk/property-for-sale/property-68965353.html 

Wish there was a floorpan...  

danlightbulb

Its nice yeah. But it has no garage no driveway (on street parking). I dont know why you think i should be willing to accept that when I can spend £20-30k more than that.