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Advice on reducing asking price
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MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.0
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lookstraightahead said:MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.
Every generation blames the one before...
Mike + The Mechanics - The Living Years1 -
MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.
I said the best possibly situation you could be in now is your have paid sensibly with a low fixed interest rate (which is what I did) so I'm not afraid.
If you're buying at the moment also at the higher interest rate, I'm suggesting you pay sensibly so that you can afford it.
There's no reason (in my opinion) for buyers to pay what vendors seem to think their houses are worth (especially now) just so that they can "live the dream" only to find they've thrown a load of money away.2 -
lookstraightahead said:MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.Your actual words were "What I don't want is my 'dream home' ... becoming an absolute nightmare." You then continued with "A property that is an absolute nightmare is much worse than missing out on a dream home."I've simply asked how does someone's home become an "absolute nightmare" and for whatever reason you seem reluctant or unable to answer.Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.Your actual words were "What I don't want is my 'dream home' ... becoming an absolute nightmare." You then continued with "A property that is an absolute nightmare is much worse than missing out on a dream home."I've simply asked how does someone's home become an "absolute nightmare" and for whatever reason you seem reluctant or unable to answer.You really don't need to agree, but you don't need to waste your valuable time and energy on me as I will not change my opinion.
have a lovely day (and I mean it 😊)0 -
MobileSaver said:Sarah1Mitty2 said:JJR45 said:MobileSaver
Most of the rest will have taken out a five-year or longer fixed rate so they won't be worrying about renewing for at least another three years yet...
it is around 50% of new lending that was on 5y+ fixed in 2020, but that could still mean the majority of a mortgage on a property in terms of value could be on a different term.0 -
Aberdeenangarse said:MobileSaver said:Sarah1Mitty2 said:JJR45 said:MobileSaver
Most of the rest will have taken out a five-year or longer fixed rate so they won't be worrying about renewing for at least another three years yet...
it is around 50% of new lending that was on 5y+ fixed in 2020, but that could still mean the majority of a mortgage on a property in terms of value could be on a different term.
https://www.telegraph.co.uk/property/uk/buy-to-let-crisis-trigger-property-fire-sale-landlords-suffer/0 -
Sarah1Mitty2 said:Aberdeenangarse said:MobileSaver said:Sarah1Mitty2 said:JJR45 said:MobileSaver
Most of the rest will have taken out a five-year or longer fixed rate so they won't be worrying about renewing for at least another three years yet...
it is around 50% of new lending that was on 5y+ fixed in 2020, but that could still mean the majority of a mortgage on a property in terms of value could be on a different term.
https://www.telegraph.co.uk/property/uk/buy-to-let-crisis-trigger-property-fire-sale-landlords-suffer/
Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
lookstraightahead said:MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.Your actual words were "What I don't want is my 'dream home' ... becoming an absolute nightmare." You then continued with "A property that is an absolute nightmare is much worse than missing out on a dream home."I've simply asked how does someone's home become an "absolute nightmare" and for whatever reason you seem reluctant or unable to answer.You really don't need to agree, but you don't need to waste your valuable time and energy on me as I will not change my opinion.
have a lovely day (and I mean it 😊)
We survived. We still had somewhere to live. That house was still our home. It's value was irrelevant.1 -
RelievedSheff said:lookstraightahead said:MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:MobileSaver said:lookstraightahead said:I think the worst situation to be in would be paying over valuation now , with interest rates as they are. Or even near to current valuation as this is going down (in my opinion).As you said recently, we see life differently. You and others seem to view their home as just a pile of bricks, in my world most people see their home as more than that.Your actual words were "What I don't want is my 'dream home' ... becoming an absolute nightmare." You then continued with "A property that is an absolute nightmare is much worse than missing out on a dream home."I've simply asked how does someone's home become an "absolute nightmare" and for whatever reason you seem reluctant or unable to answer.You really don't need to agree, but you don't need to waste your valuable time and energy on me as I will not change my opinion.
have a lovely day (and I mean it 😊)
We survived. We still had somewhere to live. That house was still our home. It's value was irrelevant.
i believe it's avoidable by not randomly paying silly asking prices at the moment. It's all so made up.0
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