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Negotiating an offer - after survey with no major issues
Comments
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Buy a smaller cheaper to run property and borrow less money if you want an investment rather than a home.srodgers123 said:
It's only the resale value that is worrying me. In the end, this is also an investment, right?1 -
I view my house as a home rather than an investment.srodgers123 said:Thanks RelievedSheff.
It's only the resale value that is worrying me. In the end, this is also an investment, right?0 -
Why are you so bothered about the resale value? It shouldn't matter unless you're only planning on staying there short term, in which case theres always a risk of losing money. If you're looking for something you can make a quick buck on then you need to find something you can add value to rather than relying on house price valuations and fluctuations.
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Is it an investment? Do you plan to sell it fairly soon? Or hoping to do it up and make a profit?
Or is it a home you intend to live in for several years before selling on? Because whilst buying a property can be a significant investment, it isn't always 'an investment'.
I don't think there is an issue her. You could on one hand say to the seller that the surveyor valued it at £x so therefore I feel I should not pay above that and revise your offer or you can just buy it. How much do you want it? Why do you want it (not what do you like it for, but what purpose is it serving for you)?0
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