Paid more for less hassle, anyone else done the same?

isplumm

We bought a new build 2 years ago - they took our house in part exchange - we might have got more selling private - BUT we saved estate agent fees - but more importantly it was the lack of hassle - made everything so easy - no showing people around or anything. 
Mark

steampowered

At the end of the day, the purpose of buying a house is to live it in. Everyone's tastes/requirements are different so houses are worth different amounts to different people.

If you have found a house you are happy with, it is perfectly reasonable to pay a good price to get it.

If you are going to be living there for some time, £10k is not a big sum of money. 

pinkteapot

isplumm said:

We bought a new build 2 years ago - they took our house in part exchange - we might have got more selling private - BUT we saved estate agent fees - but more importantly it was the lack of hassle - made everything so easy - no showing people around or anything. 
Mark

Same reasons I trade in my car when buying a new one rather than selling it myself. Lose a bit of money but far easier! 

You also avoided risk of the chain below you falling through. 

eidand

Davesnave said:

scottishblondie said:

Our last purchase went to a closing date.  We submitted our best offer which was well over the HR value.  We secured the property, happy days. 

You've reminded me, my very first house went to sealed bids and I paid £251 over asking. That was in 1977.

It last sold in 2014 for £340k!

not by you though, I suspect, so someone else made that nice cash

Davesnave

eidand said:

Davesnave said:

scottishblondie said:

Our last purchase went to a closing date.  We submitted our best offer which was well over the HR value.  We secured the property, happy days. 

You've reminded me, my very first house went to sealed bids and I paid £251 over asking. That was in 1977.

It last sold in 2014 for £340k!

not by you though, I suspect, so someone else made that nice cash

  Correct. I bought it for £9251 and sold 10 years later for £58.5k, so already that extra £251 (mustn't forget the £1) was looking relatively unimportant. I don't believe I could have reasonably expected more than 6x what I'd paid even in those inflationary times..

But what was the point of your post? I could tell you any old nonsense about the value of the house I own now, but I won't. The most important thing to get right is to buy with an eye to the future, because moving introduces uncertainty and it's expensive.

Chilli6

Good to hear others feeling the same when they bought. Thought I might actually get a few more saying how stupid to pay asking price straight in!
And yep I also exchange my old car when buying a new one - easy life all round it seems! 

Alarae

Both houses I have purchased I have offered the asking price straight away as we wanted to secure the property. 

Over the lifetime of the mortgage, an extra £5-10k would be pointless and I would have been more gutted if we lost out on the house because we wanted to try and save a bit.

Both houses however had been on the market for a matter of days, and both were reasonably priced for what they were so I was comfortable that we weren't overpaying anyway. 

PasturesNew

Chilli6 said:
However I was so eager to end the hunt for a house, avoid that potential (however unlikely) bloody person who could just appear and like the house as much as me and generally have less hassle.

I'm happy with all this as paying for an easier life is worth it for me at this time. 
Any others done the same?? 

I'm in the same position, perpetually looking - and I am prepared to pay top whack just to get it over and done with. To try to "shut out" others who might offer a bit more than my first offer. 
Sometimes... you just want it over and done with - and if that means you have to pay the asking price, then why not... once it's done you can crack on with the rest of your life instead of feeling unable to do anything/move on.  I can't even browse a weekend market as I think "what is the point, I can't buy anything as I've not got a home to rush it to to enjoy it".... 

I'm not looking for a bargain, it'd be nice though .... I just want the endless, pointless, numb, waiting to be over.

[Deleted User]

I paid a couple of grand extra just to make sure I got the flat I wanted. 
I was sick of all the games and hassle. 
Glad I did, because I'm happy where I ended up & if I don't move for a while that extra couple of grand won't make much difference in the end. 

renfirsttimebuy

I think i paid more then i should have. I really like the location of the house. The market is hard too many buyers (vultures!!! Lol) and no homes. I'm comfortable with what I paid. I guess it doesn't matter what u paid as long as you can justify it to yourself. 

I'm waiting for valuation...Let's see.