Highest bidder, purchase offer refused

MattMattMattUK

pieroabcd said:

MattMattMattUK said:

Alternatively you are getting a roof over your head, with no worries about maintenance costs, that you can leave at the end of a term, or at short notice depending on the contract, without all the hassle and cost of needing to sell to be able to move. There are two sides to everything, there are benefits to renting as there are to buying, there are also negatives to both, your mileage will depend on your specific circumstances and being a homeowner certainly suits me at the moment, but I know people for whom renting works and it is not flushing money down the toilet. 

sure, but i referred to my rental, not theirs 
For me the anxiety of ownership is absolutely paramount.

Then your first action should be to deal with the anxiety issues, rather than any home buying process. 

pieroabcd

MattMattMattUK said:

Then your first action should be to deal with the anxiety issues, rather than any home buying process. 

that won't divert the money back in my wallet, where it belongs.

p00hsticks

pieroabcd said:

MattMattMattUK said:

Alternatively you are getting a roof over your head, with no worries about maintenance costs, that you can leave at the end of a term, or at short notice depending on the contract, without all the hassle and cost of needing to sell to be able to move. There are two sides to everything, there are benefits to renting as there are to buying, there are also negatives to both, your mileage will depend on your specific circumstances and being a homeowner certainly suits me at the moment, but I know people for whom renting works and it is not flushing money down the toilet. 

For me the anxiety of ownership is absolutely paramount.

.. and perhaps that's what sellers are picking up on and deciding that it's better to avoid....

MattMattMattUK

pieroabcd said:

MattMattMattUK said:

Then your first action should be to deal with the anxiety issues, rather than any home buying process. 

that won't divert the money back in my wallet, where it belongs.

If you think your mortgage payments go into your wallet I think you have bigger problems. 

pieroabcd

MattMattMattUK said:

pieroabcd said:

MattMattMattUK said:

Then your first action should be to deal with the anxiety issues, rather than any home buying process. 

that won't divert the money back in my wallet, where it belongs.

If you think your mortgage payments go into your wallet I think you have bigger problems. 

If I buy my house at the end of the mortgage I can sell it and have the money back (likely with interest, considering the price appreciation in London). And yes, even considering the interest that I have to pay to the bank.
If i spend ££££££ on a rent (as it has already happened in the last 30 years of tears)  I have nothing to sell and that money is lost forever.,
It's as simple as that.

It's not only about money. Having a place that belongs to be and not being at the mercy of a landlord all have huge importance, too.

Carrot007

To put it simply do you have the money to cover buying a house if the motgage downvalues and the seller does not care.

Or have you twice the deposit.

If not many people will be put off.

FWIW I sold to a 1st time last time, only issue was them expecting the chain to bend over to not have to have them an extra months rent. I said it is is what it is and out of my control. I hope you have the extar money as abocve and expect to pay at least an extar months rent. Otherwise you are why people do not like first time buyers.

pieroabcd

Carrot007 said:

To put it simply do you have the money to cover buying a house if the motgage downvalues and the seller does not care.

yes. I said it very clearly and the EA confirmed, but there was no change.

Carrot007

pieroabcd said:

Carrot007 said:

To put it simply do you have the money to cover buying a house if the motgage downvalues and the seller does not care.

yes. I said it very clearly and the EA confirmed, but there was no change.

Of course people say many things and then change their mind.

Also the EA is unimportant in this to you. They have no say. They pass onthe message and get a reply.

On the other side you went to a bid, feel lucky you did not win. It shows the seller will not stick to priciples even if you do. (Whenever a house has gone to a bid I change my offer to 1p).

sammyjammy

How many messages did you send to vendor on Purple bricks, you come across as ever so desperate, if that comes across in real life it would put me off and the more you hassled the more it would put me off!

[Deleted User]

pieroabcd said:

Slithery said:

You're not 'flushing your money down the toilet', you're paying for a service that you are recieving - just like the millions of people who lease their vehicle, or go to a restaraunt instead of cooking at home, etc etc...

In my simple mind I'm sending money to someone else and at the end of the contract I will have nothing to sell to get that money back.
With a little more than that I can get a property that I can sell any time (if needed) and I won't be at the mercy of a landlord.

If you think that is all there is to home ownership, looks like its not for you.