Fed up with having offers rejected

[Deleted User]

Congratulations and enjoy your new home!

Neillgb

Suspect you have paid too much for your new home but then your purchaser obviously paid to much for your old place. you need a roof over your head and if you happy in your new home thats great as property prices will pick up again in 2/3 years.

Ideally it s shame you couldnt have sold your house at price paid and rent for a year plus. Hassle i know but you would probably be about 30/35K better off based on £1200 pm rent. Obviously possible variations depending on you location.

Gambler

Neillgb wrote: »

Suspect you have paid too much for your new home but then your purchaser obviously paid to much for your old place. you need a roof over your head and if you happy in your new home thats great as property prices will pick up again in 2/3 years.

Ideally it s shame you couldnt have sold your house at price paid and rent for a year plus. Hassle i know but you would probably be about 30/35K better off based on £1200 pm rent. Obviously possible variations depending on you location.

Some of us dont have renting as an option as we put our children first. A bigger house in our favoured school catchment area was our reason for upsizing and we should move in the next couple of weeks.

And just for the record I didn't own my first property till I was 32. I saved up a big deposit and paid £170K for my first house. Just sold it 4 years on for £178K so taking costs into condsideration I made a loss.

neverdespairgirl

Gambler wrote: »

Some of us dont have renting as an option as we put our children first. .

That seems quite an aggressive statement, to me. We have a 2 year old son, and live in a rented flat. That doesn't in any way damage him!

Alias_Omega

house prices are falling, not alot but still good for me.

im going to wait till christmas, with the credit crunch, christmas not far round the corner and the need to borrow more, leaving people short will no doubt slow the housing market even more.

from there, the need to sell with increase, and a better reduction in prices. Its ok the BoE reducing rates, but without it being passed on, things will have to change.

I hope you move in well, i hope to move into a house we own, hopefully sooner than later..

(Ps - you may kid about christmas being around the corner, but new years eve just seemed yesterday, and with 2 kids, christmas is nearly around the corner as well probably start buying about £2k in presents start of june..maddness)

Neillgb

Gambler wrote: »

Some of us dont have renting as an option as we put our children first. A bigger house in our favoured school catchment area was our reason for upsizing and we should move in the next couple of weeks.

And just for the record I didn't own my first property till I was 32. I saved up a big deposit and paid £170K for my first house. Just sold it 4 years on for £178K so taking costs into condsideration I made a loss.

If you can't find somewhere to rent or want the stability of owning your own property then fine. Kids need stability ......fine. Prices are falling now and your new property will be worth less in a year unless your are in an extremely valueable place. premium properties should be ok in most areas.

Surely your experience with your first property taught you something, and that was in a rising market for the most part!!

pinkshoes

Neillgb wrote: »

Suspect you have paid too much for your new home but then your purchaser obviously paid to much for your old place.

How can you put a price on the security and joys of owning your own home?

Believe it or not, a lot of people see a house as a home, not just a pile of cash in the form of bricks and mortar.

jaype

Your home is only secure if you can keep up the repayments on the mortgage... And at today's prices, with bills going up, that's no mean feat.

kingkano

neverdespairgirl wrote: »

That seems quite an aggressive statement, to me. We have a 2 year old son, and live in a rented flat. That doesn't in any way damage him!

Maybe thats because he is 2. If he was 6 and just settled in a school, then your landlord decides he wants the flat back and you gotta move, what then? You might not even be able to get a rental near to the current school. Change schools or a long trip to school?? Then maybe your moved on again 6 or 12mths later. Another change of schools possible.

While I agree this wouldnt happen to everyone, I had this problem as a kid because my parents rented. I went to 14 different schools from start to end. Now that probably was damaging. Had my parents bought I'd have likely gone to 2.