In my experience if its your dream house then up the bid, you'll kick yourself if you lose it for 5-10k which in the scheme of things is a couple of percent.
Offer 10k over their original asking price and once you get get to the the exchange of contract tell them what you really want and are going to pay. At that stage you might, because of all the time and money both sides have paid out, get a house at the price you want to pay. Horrible thing to do and not something I would do but that’s one method.
Never do to others that you wouldn't like having done to yourself.
I've just had a look. Wonderful property. If you've set your heart on it and you can afford it, then I'd push the boat out to get it. What's £10K extra, if it's your dream house ? I'd go with the what would I regret scenario. Would I regret not going for my ideal house v would I regret paying more than I can comfortably afford ? I've not checked which way property prices are moving in W Yorks.
Put in what you can afford, do your homework on Zoopla and see what other houses have gone for in the area, to see if you’re paying the going rate.
Until you’ve paid out for a surveyors report, you might get an odd surprise, no matter how well decorated it looks, speaking from personal experience.
I hate buying and selling houses and always feel like someone’s trying to stitch you up, be it the estate agent trying to up your offer,or people putting in daft offers for your own place, good,luck, hope it all works out for you.
Offer 10k over their original asking price and once you get get to the the exchange of contract tell them what you really want and are going to pay. At that stage you might, because of all the time and money both sides have paid out, get a house at the price you want to pay. Horrible thing to do and not something I would do but that’s one method.
Never do to others that you wouldn't like having done to yourself.
It goes on though and some wouldn’t bat an eyelid doing it. It’s all very well living your life by your statement but the reality is often that goes straight out the window when money is involved. I’ve been mucked about with when buying a house it’s not nice and costly too. Another crap thing I know some get up to is to put offers in on multiple properties and the stringing along god knows how many up to the point where they have to commit to some serious outlay, meanwhile multiple chains get ruined. Until the laws are changed I doubt very much that people will suddenly act and play nicely.
Sorry another bit from me. If this is your dream house and the last time you will move, expect maybe down sizing in old age, spend the most you can afford. If you end up paying 5-10k more now it's still less than it will cost you to move again.
Sorry another bit from me. If this is your dream house and the last time you will move, expect maybe down sizing in old age, spend the most you can afford. If you end up paying 5-10k more now it's still less than it will cost you to move again.
Offer 10k over their original asking price and once you get get to the the exchange of contract tell them what you really want and are going to pay. At that stage you might, because of all the time and money both sides have paid out, get a house at the price you want to pay. Horrible thing to do and not something I would do but that’s one method.
Especially if the survey throws something up that you don't expect.
Offer 10k over their original asking price and once you get get to the the exchange of contract tell them what you really want and are going to pay. At that stage you might, because of all the time and money both sides have paid out, get a house at the price you want to pay. Horrible thing to do and not something I would do but that’s one method.
Especially if the survey throws something up that you don't expect.
Like, I don't know, £7 million worth of loans secured on the garden shed
Lovely house Pay what you can afford Wont depreciate so what ever you pay even if a little over the top you will get back in positive equity over the next few years Don't be stubborn like I did and most days drive past thinking what if!!
My missus has just seen the photos and reckons more like £435k !!!!, hope you get it, it's a very nice property in a super location. We have paid over the odds a couple of times in the past but have never had any regrets in doing so in the longer term. Matters not 10 or so years down the line. Good luck !
My missus has just seen the photos and reckons more like £435k !!!!, hope you get it, it's a very nice property in a super location. We have paid over the odds a couple of times in the past but have never had any regrets in doing so in the longer term. Matters not 10 or so years down the line. Good luck !
I have always been in that mindset & 12 years ago did just that. Paid a bit more than it was worth because it was worth it to me/us. Problem was that the us soon became me as 3 years later we divorced. Anyone remember the property slump of 2009/10. Negative equity meant I couldn't sell & get the equity I needed to buy my own property for 4 years. Had to pay the mortgage & also the rent on somewhere else during that time.......almost crippled me financially
Property doesn't always just go up in price & you never know what's round the corner.
Obviously I wouldn't suggest this, but imagine if...
... You got half a dozen people from CL to make offers in a range of 450k-500k tomorrow. The estate agent would reluctantly let all the under bidders (including you) know their bids hadn't been accepted. And you could reply by saying your bid (400k) remains on the table.
Then, over the next month, each of these new bids withdraws, leaving just yours.
seen a property today on at £395k offers over. Went on yesterday and today they have had several offers. We were the 7th couple to look at it
Im chain free and offered £400k. So Monday is final offers.
Thoughts?
we do love the house
You in Scotland
Yorkshire
If you really want the house go £410000. Must be some house for that money was looking at halifax yesterday. And before anyone asks you can buy a 3 bed for 100k
seen a property today on at £395k offers over. Went on yesterday and today they have had several offers. We were the 7th couple to look at it
Im chain free and offered £400k. So Monday is final offers.
Thoughts?
we do love the house
You in Scotland
Yorkshire
If you really want the house go £410000. Must be some house for that money was looking at halifax yesterday. And before anyone asks you can buy a 3 bed for 100k
You say that little legs. The wife has seen the photos and we will be driving past shibden in the next couple couple of weeks on our way to cleckheaton. We might be swapping our rabbit hutch in bromley for a mansion in Yorkshire.
No. But I’ve met @elf@ElfsborgAddick bury away with the bag piper. I was the twat that convinced him to come to the game, made him leave at half time (bagpipe) not elfsborg
seen a property today on at £395k offers over. Went on yesterday and today they have had several offers. We were the 7th couple to look at it
Im chain free and offered £400k. So Monday is final offers.
Thoughts?
we do love the house
You in Scotland
Yorkshire
If you really want the house go £410000. Must be some house for that money was looking at halifax yesterday. And before anyone asks you can buy a 3 bed for 100k
You say that little legs. The wife has seen the photos and we will be driving past shibden in the next couple couple of weeks on our way to cleckheaton. We might be swapping our rabbit hutch in bromley for a mansion in Yorkshire.
Don’t over stretch yourself. Some houses are indeed lovely, but it’s the people that live in them and all their bits, bobs, and shared experiences that make them a home. The house is just a building.
You’ll have your loved ones and your stuff wherever you end up buying, and there are other nice houses out there so other opportunities. However, once you have the stress of being house poor because your mortgage is too large, it’s difficult to reverse that situation.
The house market must be different in Yorkshire then as houses prices in London & the S/E are falling.
Not heard of people paying over the asking price for years. How do you know there have been other offers on it....?? Did the EA tell you ?? I smell bullshit & the EA is just wanting you to offer more. Even with "offers over" (which is a daft concept in itself) I'd be looking at £380-£385k & going from there.
FWIW my house is on the market for £295k. Give me £300k and it's yours.
Sold my Dad’s house in Bexley 3 years ago. Had 3 offers, all over the asking price. One was chain free, mortgage sorted etc. 20k less than the top offer but I went for it. Good luck.
Comments
If so then you dont stand a chance of buying the place
If you've set your heart on it and you can afford it, then I'd push the boat out to get it.
What's £10K extra, if it's your dream house ?
I'd go with the what would I regret scenario.
Would I regret not going for my ideal house v would I regret paying more than I can comfortably afford ?
I've not checked which way property prices are moving in W Yorks.
Until you’ve paid out for a surveyors report, you might get an odd surprise, no matter how well decorated it looks, speaking from personal experience.
I hate buying and selling houses and always feel like someone’s trying to stitch you up, be it the estate agent trying to up your offer,or people putting in daft offers for your own place, good,luck, hope it all works out for you.
Ps you’re not Albie Morgan are you?
Until the laws are changed I doubt very much that people will suddenly act and play nicely.
Pay what you can afford
Wont depreciate so what ever you pay even if a little over the top you will get back in positive equity over the next few years
Don't be stubborn like I did and most days drive past thinking what if!!
Property doesn't always just go up in price & you never know what's round the corner.
... You got half a dozen people from CL to make offers in a range of 450k-500k tomorrow. The estate agent would reluctantly let all the under bidders (including you) know their bids hadn't been accepted. And you could reply by saying your bid (400k) remains on the table.
Then, over the next month, each of these new bids withdraws, leaving just yours.
Which you then reduce to 385k for a quick sale...
If you're happy with those figures, and this place is a 'last move property' then up the offer you feel will win your dream home.
The wife has seen the photos and we will be driving past shibden in the next couple couple of weeks on our way to cleckheaton.
We might be swapping our rabbit hutch in bromley for a mansion in Yorkshire.
thanks again guys for all the advice
You’ll have your loved ones and your stuff wherever you end up buying, and there are other nice houses out there so other opportunities. However, once you have the stress of being house poor because your mortgage is too large, it’s difficult to reverse that situation.