House Buying / Selling Thread

Mr Wendal said:
Yep. 8 yrs, then 8 years let due to job moving me south.
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Google - moving back into property you have previously owned cgt

The first response is from optimise accountants and covers some of this.

I can't seem to copy and paste currently.

If in doubt pay a tax company/accountant. They don't charge much for this and can save you loads. I use them for my clients sometimes and they always save money for people.
 
We sold our house last May. We had offers within a week and sold it for just over asking - after weeding out a few. I was very surprised how quick it went.
 
Millwallawayveteran1988 said:
Google - moving back into property you have previously owned cgt

The first response is from optimise accountants and covers some of this.

I can't seem to copy and paste currently.

If in doubt pay a tax company/accountant. They don't charge much for this and can save you loads. I use them for my clients sometimes and they always save money for people.
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Cheers mate, I think I qualify for relief as I have 'job related accommodation ' but I'll take your advice re acct.
 
I’ve got an estate agent coming to take photos tomorrow afternoon, mine should be on the market no later than Wednesday. I’ve just finished decorating throughout so we’re expecting a relatively quick sale. I’m going to have a look at a few to potentially buy next week.
 
117 M34 said:
Thought I'd bump this instead of starting a new thread.

I've just started the process of buying / selling a house.

My house is just about to go online next week so not had any viewings / offers yet but had a look at a few ourselves.

Went to see two house today that were good and would consider buying - they are next door but one to each other so similar in size and both on for £190k.

House A was an older couple who want a bungalow. House needs a fair bit to be done to it was it is old fashioned but good size. Would need a new kitchen and bathroom and plastering and decorating throughout. They haven't found anywhere yet themselves and are waiting until they sell to have a proper look around. Been on since beginning of Oct.

House B was a bit better and slightly bigger. Younger couple so décor more to our taste although could do with touching up in most places and a new kitchen definitely needed. They have found somewhere else in York and had an offer accepted. The wife is working there and staying with family / friends with the kids while husband stays here most of the time. Been on since beginning of Nov.

I'd go for either but the price would need to come down to pay for the work needed to be done and obviously the cheaper the better!
What do I tell the estate agents when they ring to find out what we thought so that I can get the prices lowered?
When should I make an offer and how much for?
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Find out how long they've been on the market , more chance of them accepting a lower bid. I normally knock off what needs spending, up to them to accept or decline .
 
Thenumber1blue said:
Find out how long they've been on the market , more chance of them accepting a lower bid. .
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I think that only applies to the genuine and motivated vendors ... the houses with the really greedy/deluded/unmotivated vendors will sit on the market for years and, if anything, they get more stubborn, intransigent and unwilling to consider offers the longer it's been on the market
 
Millwallawayveteran1988 said:
In your position I'd go in 15%-20% less as a cash buyer with it being on the market for that long.
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Which will put it down to less than £50,000.

I had a wander up there last night. Two pubs near and it’s a stone’s throw from a major road. Just having a walk around saw house after house after house up for sale. I should get somewhere.

It’s vacant and chain free so instinct says it’s a repossessed jobby and owned by a company. I nearly bought one in Middleton but had a change of heart.

My aim is to reduce my work hours and return to studies. There’s no nagging Mrs to appease so it’s all about me. I can always rent it out things change. Pure profit.
 
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