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Partner & I disagree on gazundering: fear of overpaying for house in bad economic times
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Why are you still offering the ridiculous sum of £780k for a small house if you think things are going to get so bad?I suppose that's a naive question of the sort children ask, but I'm not clever enough to think of anything more complex.Me, I'm hunkering down; no debts and no plans to spend big, so I don't necessarily disagree with your premise, just where your reasoning goes after that!1
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How would you feel if s buyer of house you were selling came back and said they wanted to reduce their offer?
Would you say 'that's fine'?
Personally, i would tell you to take a hike.
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What was the valuation amount?
You can ask but risk losing the property.
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Go for it. How do you know that you got the house for the best price possible if you don't test the bottom?
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15k on an 800k purchase - at least offer something lower that means something. Would I your seller I'd think you the idiot that reasoning appears to suggest and run a mile.0
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What does the bank valuation say?0
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I think you have to do what you have to do, there's a risk but it's whether you take that risk.
Vendors also change the goalposts. Those who say they'll move into rented, those who say they're not moving anymore, those who find a different buyer.Personally I would have offered 'low' in the first place and kept to my word once agreed. But it's a business transaction.0 -
Has the 1st post been edited or deleted or what? There's no detail about the price of anything, and the title says something about a partner? Huh?Feb 2008, 20year lifetime tracker with "Sproggit and Sylvester"... 0.14% + base for 2 years, then 0.99% + base for life of mortgage...base was 5.5% in 2008...but not for long. Credit to my mortgage broker1
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fewcloudy said:Has the 1st post been edited or deleted or what? There's no detail about the price of anything, and the title says something about a partner? Huh?
Heavily edited. I get the feeling the OP did not like many of the responses.
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Luckily there are enough snippets quoted and also included in replies to give a fuller picturepowerful_Rogue said:fewcloudy said:Has the 1st post been edited or deleted or what? There's no detail about the price of anything, and the title says something about a partner? Huh?
Heavily edited. I get the feeling the OP did not like many of the responses.Credit card debt - NIL
Home improvement secured loans 30,130/41,000 and 23,156/28,000 End 2027 and 2029
Mortgage 64,513/100,000 End Nov 2035
2022 all rolling into new mortgage + extra to finish house. 125,000 End 20361
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