should we pull out?

mr.broderick

sandraa wrote: »

Here is the rightmove link for the property in question.

http://www.rightmove.co.uk/viewdetails-19346546.rsp?pa_n=1&tr_t=buy

We receive a letter from solicitor today saying that I would nt be able to teach on the premise ( i am a freelance tutor) as there is a "no trading " convenant.

Anyone know anything about that?

Anyway: WE ARE PULLING OUT. I ll make the phone calls monday.

:-)

Sandra

Ask zammo he did this recently if my memory serves me correctly.

LillyJ

mr.broderick wrote: »

Ask zammo he did this recently if my memory serves me correctly.

Surprising really, considering he has known what was going to happen for 10 years. You would think he would have never got that far if his crystal ball was working as well as he reckons it is.

Zammo

mr.broderick wrote: »

Ask zammo he did this recently if my memory serves me correctly.

And I've been sittiing back all nice and relaxed watching prices drop. So far I've saved myself at least 12K.

:money:

andys15

caveatvenditor wrote: »

You absolutely must NOT buy. Prices are going to fall quite significantly for the next 5 years. [URL="http://"][/URL]

cheers caveat, could you please tell me this week lottery numbers, and who will win the league, because you seem to be able to see the future. Would love to know what you did for a living to be able to say with ABSOLUTE certain what is too happen.

ruggedtoast

blimeyted wrote: »

There simply won't be a "crash". People are talking themselves into the fear of a crash right now. Don't trust the media. "House prices crash" makes a much better story than "House prices stable" for them. They tailor the angle to suit themselves - and I know this from personal experience.

As for pulling out. Personally I hope that decision comes back to bite you. Consider the anguish you have put the seller through. You should've done the right thing and told them you were having second thoughts a LONG time ago.

Buyers like you are responsible for any apparent property scare. A new law should be passed that means buyers should have to place a 1% deposit on agreeing a sale to protect the seller.

I don't suppose you have any intention of paying off his legal fees do you?

It'll soon be a seller's market once again when landlords realise they can start putting rents up sky high to buyers who think they can play it safe by renting.

If I could just intercede in this tirade of righteous indignation - So buyers (like her) are to blame for property crashes by selfishly refusing to shackle themselves into a lifetime of debt by failing to pay absurdly inflated prices for housing that simply isnt worth what vendors are asking? OK I can go with that, providing you concede that vendors may have some responsibility for inflating the prices in the first place.

Ive been in the sellers position myself and had a sales fall through at the last moment, its too bad but it happens. The same as many buyers have been only too happy to gazump people moments before completion when a better offer comes along.

The market is falling like a stone and its very unlikely that peoples disinclination to rent is going to change that. Especially as most indicators are pointing to an increase in rental inventory not a fall.

narced

Good move Sandra. Meanwhile a small joke on pulling out:

http://www.jokefile.co.uk/animal_jokes/mosquito.html

shellsuit

Gangstabird wrote: »

Oh and Nelly, surely Shell suits are not worn anymore.... I am sure you are wrong, I have not seen a shell suit for years.

SURPRISE SURPRISE!!!
You have now!!

Leeds_Fella

Hi Sandra

I have been in exactly the same position, offered accepted early Jan, a week prior to exchange, I had 2nd thoughts due to house prices coming down and pulled out of a £450K house purchase

Did I feel really bad - god yes I did. I wrote to the vendors direct explaining my decision and wished them all the best before I told the EA, they wrote back and explained they understood which was nice. I hate bad feelings and I even offered to pass on all my expensive structural surveys to the next buyer for free to speed up any other sale

I had sold up in Oct 07 and have been looking for my next and last family house. With the money I may or may not save, I can put this away for my 2 girls to go to Uni / marriage etc
I hate renting, but for the sake of possibly saving a great deal of money and more choice, I will put up with it.

Do I feel house prices will fall, yes I do, but not too much a crash - a minor correction, but I will be probably wrong - I normally am says my wife.

nelly_2

Zammo wrote: »

Prove it isn't.

Great comeback!

Well thought out mate

Well in the interest of fairness I set you the challenge first so its fair that you prove me wrong and then as you asked me after wards by about 2 days than I will prove me correct

nelly_2

dannyboycey wrote: »

Dream on...

The voice of someone who has recently bought, trying to convince themselves it'll all be ok?

Really???

You have even posted on the thread where I said I bought and STILL hope prices do crash

here

The reason why I bought was it was a bargain and a place we will live in till we die.

4 bed detached, in a cull de sac, with an en suite river

big rooms

main bed............. 20' by 11'

bed 2 and 3......... 13' by 9' each

living room is 21' by 15'

and kitchen dinner (as I have now created) is 20' by 13' plus a 7' by 9' utility room too.

Parking for 3 at the front, a driveway up the side leading to a
a massive garden ...................for £170 grand


Can you please point out where I went wrong?