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House Buying / Selling Thread
- Thread starter Gareth Barry Conlon
- Start date
I never thought of haggling after the survey was done - we had a few things come up on ours as always but nothing that would have made us not buy it.
We needed the survey to come back at a higher price than we were paying (which it did to the exact price we needed - estate agent con) for the purpose of getting a better interest rat so we weren't really in a position to do it anyway.
Will consider doing this next time
We needed the survey to come back at a higher price than we were paying (which it did to the exact price we needed - estate agent con) for the purpose of getting a better interest rat so we weren't really in a position to do it anyway.
Will consider doing this next time
Gareth Barry Conlon
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- 5 Sep 2014
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So after going on rightmove yesterday morning we have had 3 viewings and 2 offers today. One is just above the asking price and the other at the asking price!
stonerblue
Well-Known Member
It's all relative.
Gareth Barry Conlon
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I guess it is - we put it on for 15k more than what one agent suggested and 25k more than what we thought we would get this time last year! This is a sub 200k house.It's all relative.
Last edited:
True_Blue69
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Buy as expensive as you can afford, house inflation represents far more than you'd ever get in a savings account. At worst you downsize in 10 years, buy a cheaper house with the the profit from the increase in your house value and live mortgage free forever!
stonerblue
Well-Known Member
I guess it is - we put it on for 15k more than what one agent suggested and 25k more than what we thought we would get this time last year! This is a sub 200k house.
The price of yours goes up, the one you buy goes up. Unless you're 'downsizing' or moving south to north
DenisLawBackHeel74
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I just find it bizarre that people buying into the current policy driven market bubble desperately try to convince themselves and anyone else what a great position they're in and how deliriously happy they are, it's almost like some form of Stockholm Syndrome.
Not at all jealous and not really got a master financial strategy... all I will say is I bought in 2001, had a 25% deposit (£15k) paid my mortgage off in 8 years working part time and now my house is worth over 3x what I paid for it, not that I'm bragging and not that I think that such rampant house price inflation or the commoditization of property is a good thing, I actually think it's been disastrous for society and the wider economy.
Anybody buying now is, by comparison, in a dreadful position financially and yet they won't admit they're little more than mortgage slaves.
in the second part of your post, you're not making a very good argument against buying. You admit yourself that it was an excellent investment for you.
House price inflation has well outperformed wage inflation since 2001 but the economics still hold, provided people don't overpay for property, can put a decent deposit down, and have the ability to increase their salary in future. Should mean they pay down the mortgage over its term, the house value increases, either by adding value or through inflation or both.
Blue Maverick
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Not true I've lost £25k in 9 years in my house, over priced before the crash the twatsBuy as expensive as you can afford, house inflation represents far more than you'd ever get in a savings account. At worst you downsize in 10 years, buy a cheaper house with the the profit from the increase in your house value and live mortgage free forever!
in the second part of your post, you're not making a very good argument against buying. You admit yourself that it was an excellent investment for you.
House price inflation has well outperformed wage inflation since 2001 but the economics still hold, provided people don't overpay for property, can put a decent deposit down, and have the ability to increase their salary in future. Should mean they pay down the mortgage over its term, the house value increases, either by adding value or through inflation or both.
In what way has my (and every other property) growing more than 3x in value proved to be an ''excellent investment'' for me or any other owner occupier of a single property?
I now couldn't afford to move up the ''property ladder'' (not that I want to) as house price inflation has massively outstripped wage inflation.
Unless I intend to sell up and go live in a tent then the increase in value has been of no benefit what so ever to me or any other owner occupier.
But still you'll get the brain dead morons who only ever think that rampant house price inflation is a great thing for owner occupiers.