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FTB with Cash....what should I do?
braveheart1983
Posts: 1 Newbie
I've been reading this forum for a while but couldn't find an answer to my questions so I wondered if anyone out there could help.
I'm in a very unique and blessed position of having money to buy a house outright and am looking to move out of home, so therefore am a first time buyer.
The question is what to wisely do with it?
A lot of people around me are saying wait for prices to go down, but I also want to move out of home soon. I've been looking for about 3-4 months now and a couple properties in that time have really caught my eye but the problem I have is I want it to be a wise investment.
How do I reliably find the true value of a property? I've looked at the online tools suggested, but do surveyors help at all? How can I find this kind of information out before putting a bid in for a place?
I've got estate agents obviously keen to sell me properties but I want to use my position to the best possible advantage.
I'm in a very unique and blessed position of having money to buy a house outright and am looking to move out of home, so therefore am a first time buyer.
The question is what to wisely do with it?
A lot of people around me are saying wait for prices to go down, but I also want to move out of home soon. I've been looking for about 3-4 months now and a couple properties in that time have really caught my eye but the problem I have is I want it to be a wise investment.
How do I reliably find the true value of a property? I've looked at the online tools suggested, but do surveyors help at all? How can I find this kind of information out before putting a bid in for a place?
I've got estate agents obviously keen to sell me properties but I want to use my position to the best possible advantage.
0
Comments
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My advice is don't jump in - there's no need if prices aren't rising much. Either wait for either your dream house to come up or a very good bargain.
Decide what the house is worth to you, that's the value of the house. I know that's a cop out, but how much money are you willing to part with to buy it. Maybe set aside a couple of weekends just to look at various houses in the area, check out on t'interweb ( nethouseprices.com ) what houses near by have gone for, but every one is different."Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
How do I reliably find the true value of a property?
Start going to auctions.0
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