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It will do us for around 10 years. We are willing to take that sort of risk over a 10 year period.Crashy_Time said:
The market is propped up with zero interest rates and HTB schemes, nothing natural there, it will only take rising mortgage rates and/or rising unemployment to tip it over the edge IMO, buying a home to be anything other than a long term home in this climate isn`t a great idea IMOluke105 said:
I think at the £210,000 mark the house is probably right. It’s 3 years old and they have done some nice improvements to the kitchen and fitted blinds etc.Crashy_Time said:
Seller is maybe smart and not in denial about the economy like some would be sellers? There is still the risk that the OP could lose money on this IMO.gerkin said:
This would worry me. No negotiations no nothing, straight up accepted a low offer.luke105 said:Well the good news is they’ve accepted the £210,000 offer. thanks guysWe have no way of improving the property so it can only gain money naturally with the market (once it recovers)
we are selling a house too and that would lose money in the same market so not much is lost.At the time we offered on the property the housing market was having the crazy boost around July, august September time. Valuer went out start of this month so I can see why the valuer has come up with 13k less.
of course, we probably went in too high originally using heart over sense.We have a 5 year fixed mortgage as well so we feel it’s ok.0 -
Getting it for 200k would give you a better cash buffer.1
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Yes. £210 we are happy as we do like the house.Crashy_Time said:Getting it for 200k would give you a better cash buffer.0 -
Looks like the OP`s seller accepted the price drop, despite the headlines?NameUnavailable said:This was published at the weekend!HOUSE prices in Britain have soared to a record high thanks to a "supercharged" property market. A three-bedroom semi is now worth more than a quarter of a million pounds for the first time, the country's biggest mortgage lender announced.
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Great result then?luke105 said:
Yes. £210 we are happy as we do like the house.Crashy_Time said:Getting it for 200k would give you a better cash buffer.0
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